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 |
|---|---|---|---|---|
Horizon Kinetics Murray Stahl | “San Juan Basin Royalty Trust is a natural gas royalty trust with 119,000 net acres in northwest New Mexico. It is relatively unusual as being a pureplay on natural gas... The trust had amassed a capital deficit of over $20 million by the end of 2024. This resulted in the suspension of dividends, and an exodus of yield-oriented investors... It's just a matter of waiting for the capital deficit to be erased by ongoing royalties. BSD Analysis: Horizon views SJT as a contrarian yield play positioned to benefit from rebounding natural gas prices and normalization of distributions. The trust's reserves and production remain intact, offering asymmetric upside once deferred payments are restored. With gas demand set to rise from AI datacenters and LNG exports, SJT could re-rate sharply as cash flow resumes.” | BULL | Q3 2025 Sep 30, 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.
