Institutional ticker directory tracking stock mentions, long/short ideas, and high-conviction pitches extracted from quarterly hedge fund letters.
| Ticker | Company | Sector | Industry | Pitches | Stance |
|---|---|---|---|---|---|
| Fund / Manager | Thesis Excerpt | Stance | Period / Date | Action |
|---|---|---|---|---|
Optimist Fund Jordan McNamee | “We maintained a position in Monday.com into 2026, believing management could execute against the objectives they had outlined in the fall of 2025. Following the company's fourth-quarter earnings relea” | BULL | Q1 2026 May 12, 2026 | View Pitch |
Tweedy, Browne International Value II Investment Committee | “Monday.com is an Israel-based leader in the workflow-management software space. It integrates systems of record (such as ERP or CRM software) with other tools (email/calendar/storage/communication), a” | BULL | Q1 2026 Mar 31, 2026 | View Pitch |
Optimist Fund Jordan McNamee | “Monday.com – In November, Monday.com reported a mixed quarter, with revenue and free cash flow growing approximately 26% and 10% year over year, respectively. Enterprise performance continued to accelerate, while growth in small and mid sized customers further decelerated. We held the position through year end and into 2026, believing management could execute against the objectives they had outlined, supported by a strong historical track record. However, following the company's fourth quarter earnings release earlier this week, we have fully exited the position. The reported results were not aligned with our forecasts, and more importantly, management was unable to clearly articulate what is occurring within the business. When we lose confidence in the accuracy or clarity of management's communication, we exit. That is what we have done here. BSD Analysis: Monday.com remains a top-tier player in the Work OS category, despite a recent reset in market expectations regarding its 2026 growth trajectory. The company continues to deliver robust revenue increases, driven by high adoption of its core platform and new products like CRM and Dev. While management has adopted a more conservative outlook due to increased competition and the shifting AI landscape, the firm's ability to move up-market into larger enterprise accounts remains a key strength. Monday.com is prioritizing disciplined investment in its go-to-market strategy and product innovation to ensure long-term defensibility against legacy incumbents. The company maintains a strong net-dollar retention rate and a healthy balance sheet, providing the flexibility needed to navigate a moderating growth environment. For investors, the current valuation provides a more attractive entry point for a high-quality SaaS business that is essential for modern, hybrid workforce management.” | BEAR | Q4 2025 Dec 31, 2025 | View Pitch |
Meditation Capital Tim Liu | “Last quarter I wrote to you about how “An agonizing decision over whether to buy a great software company at 7x sales becomes a relatively easy one at 4-5x sales.” Recently, two software companies we've tracked for years and owned in the past, Monday.com and GitLab, fell from >11x NTM sales at peak earlier in the year to 7x then 5x sales, and at 5x we bought positions in both, as well as added to our existing position in Braze, which traded as low as 3x. Sometimes it's best not to overcomplicate things. BSD Analysis: Monday.com's derating to ~5x forward sales creates an attractive entry for a durable 30%+ grower with expanding margins and strong net retention. Its WorkOS platform continues taking share in workflow automation and enterprise collaboration, supported by rising AI-enabled product adoption. Monday trades below peer multiples despite superior revenue visibility, >120% net retention, and improving operating leverage. Catalysts include enterprise penetration, increased monetization per seat, and continued margin expansion.” | BULL | Q2 2025 Sep 20, 2025 | View Pitch |
Each excerpt above is the manager's commentary on this ticker specifically. The full letter has the rest of their portfolio thinking, risk discussion, and broader institutional context.
