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 |
|---|---|---|---|---|
McIntyre Partnerships Chris McIntyre | “2026 has been a decent year for STHO, with shares rallying ~14% YTD. However, it has been a substantially better fundamental year, with SAFE rallying ~20%. For perspective, based solely” | BULL | Q2 2026 Aug 6, 2026 | View Pitch |
McIntyre Partnerships Chris McIntyre | “2026 has been a decent year for STHO, with shares rallying ~14% YTD. However, it has been a substantially better fundamental year, with SAFE rallying ~20%. For persp...” | BULL | Q2 2026 Aug 6, 2026 | View Pitch |
McIntyre Partnerships Chris McIntyre | “In the losers column, FTRE, SHC, SWIM, and STHO lost 100-500bps. Finally, STHO fell modestly during the quarter for no particular reason. STHO is the second largest position in the fund. They recently” | BULL | Q1 2026 May 11, 2026 | View Pitch |
McIntyre Partnerships Chris McIntyre | “STHO is a liquidating security in which the fund has been invested since 2023. Its primary assets are 13.3MM SAFE shares and liquidating real estate in Asbury Park and Richmond. It is a very low-liquidity security, where the stock's price and fundamental value can move in opposite directions purely due to liquidity. However, STHO has made significant progress toward liquidation over the past three years, and I believe the company will announce significant capital returns in 2026. Since the spin, STHO has realized sales of ~$170MM of real estate versus book value of ~$120MM and reduced land held for development from $224MM to $113MM. STHO has also substantially reduced the management fee owed to SAFE and strengthened its balance sheet, with ~$94MM in cash and bonds versus $115MM credit facility. Its 13.3MM SAFE shares are worth ~$120MM, net of a $91MM margin loan, implying ~$10 per share distribution potential versus an $8 stock price. In 2025, STHO repurchased ~9% of shares outstanding. If STHO continues to make progress and returns capital to shareholders, I believe our ultimate realization should be $20-$30/sh. versus a current price of $8. BSD Analysis: Star Holdings is currently in a transitional phase as it seeks to unlock the value of its diversified real estate and legacy asset portfolio. The company's investment thesis for 2026 is centered on a series of strategic divestitures and a more focused approach to its core property management and development operations. While the stock has historically traded at a discount to its net asset value, management is taking active steps to improve transparency and simplify the corporate structure to attract a broader institutional base. Investors are closely watching for updates on the firm's capital allocation strategy, particularly regarding potential share repurchases or special dividends as non-core assets are liquidated. Despite the complexity of its holding structure, Star offers a unique value play for those looking to capitalize on deep-value real estate assets at a significant discount to their intrinsic worth.” | BULL | Q4 2025 Feb 19, 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.
