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 |
|---|---|---|---|---|
Guinness Global Innovators Dr Ian Mortimer, CFA | “Nasdaq returned -4.6% in USD over Q2 and was purchased during the quarter. Nasdaq is best understood not as a traditional exchange but as a global technology, data, and analytics company that happens to own a major stock exchange, a positioning it has deliberately built since its 2017 strategic pivot away from transaction-driven revenue towards higher-growth, higher-margin software and analytics. Nasdaq's business is diversified across three segments. Through its Financial Technology segment, the firm is strategically positioned to benefit from a structural rise in compliance and transparency requirements as regulators demand more granular and frequent reporting from banks globally. This segment also houses Calypso, a trading and risk-management platform whose demand is underpinned by the growing complexity of trading, collateral, and risk requirements at large financial institutions. The Capital Access Platforms segment includes listing fees, market data subscriptions and index licensing on products such as the Nasdaq-100. Its 60% recurring revenue mix offers protection against economic downturns. We originally looked at Nasdaq at the end of last year, when the stock traded at around 23x forward price-earnings ratio. Since then, partly driven by the broader 'SaaSpocalypse', the stock has de-rated to 19x, which we view as an attractive entry point given the quality and growth characteristics of the business.” | NEUTRAL | Q2 2026 Jul 17, 2026 | 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.
