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 |
|---|---|---|---|---|
The London Company Income Equity Brian Campbell | “RSG is the second-largest U.S. waste services provider, with roughly 90% non-discretionary revenues and ownership of approximately one-third of all domestic hazardous landfills — assets that are functionally irreplaceable. The business benefits from CPI-linked contracts, fuel surcharges, and predictable capital cycles that together create durable pricing power and margin stability across economic conditions. The waste management industry has lagged the broader market this year due to cyclical volume weakness in construction, demolition, and the industrial sector. Despite these short-term headwinds, RSG continues to exhibit operational strength through pricing power and cost controls. Recent position additions by Cascade Investments, RSG's largest shareholder with a stake above 35%, support our view that current valuations offer an attractive entry point.” | NEUTRAL | Q2 2026 Jul 29, 2026 | View Pitch |
The London Company Large Cap Brian Campbell | “RSG declined despite another solid quarter as softer Environmental Solutions results and continued weakness in construction-related volumes weighed on investor sentiment. Core fundamentals remain strong, with pricing continuing to outpace inflation, early signs of volume stabilization, and structural margin expansion supported by productivity initiatives. We remain confident in RSG's disciplined capital allocation, favorable landfill dynamics, and long runway for earnings growth. Addition reflects an attractive opportunity to increase our exposure in a defensive company with a resilient business model. RSG's defensiveness comes from the local nature of waste services, CPI-linked contracts that benefit from inflation, fuel surcharges that pass through cost increases, and predictable capital cycles. The waste management industry has lagged the broader market this year due to cyclical volume weakness in construction, demolition, and the industrial sector. Despite these short-term headwinds, RSG continues to exhibit operational strength through pricing power and cost controls, which have led to stronger margins. We remain attracted to the high-quality, essential business with strong and stable cash flow generation. Recently, insiders have bought shares in the open market, which we view as an additional data point to the attractive valuation.” | BEAR | Q2 2026 Jul 29, 2026 | View Pitch |
The London Company Large Cap Brian Campbell | “Republic Services, Inc. (RSG) – Addition reflects attractive opportunity to increase our exposure in a defensive and resilient business model. The waste management industry has lagged the broader market this year due to cyclical volume weakness in construction, demolition, and the industrial sector. Despite these short-term headwinds, RSG continues to exhibit operational strength through pricing power and cost controls, which have led to stronger margins. We remain attracted to the high-quality, essential business with strong and stable cash flow generation. Recently, insiders have bought shares in the open market, which we view as an additional data point to the attractive valuation. BSD Analysis: Republic Services monetizes trash, which is one of the most stable demand drivers imaginable. Waste volumes don't swing wildly with GDP, and pricing resets annually through contracts. Route density and landfill ownership create brutal local monopolies. Investors underestimate how strong pricing power is when alternatives don't exist. Environmental regulation actually strengthens incumbents by raising barriers to entry. Cash flow is predictable and capital-light relative to asset life. M&A is disciplined, not empire-building. This is infrastructure-level stability with inflation protection baked in.” | BEAR | Q4 2025 Dec 31, 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.
