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 |
|---|---|---|---|---|
Third Avenue International Real Estate Value Fund Quentin Velleley, CFA | “TAG Immobilien AG is a German and Polish residential owner and developer with a large, stable German rental portfolio and a rapidly growing Polish platform. TAG owns over 83,000 rental units across Germany, generating consistent cash flow that has helped its expansion into Poland at a low cost of capital. Its Polish business—comprising ROBYG's build-to-sell projects and Vantage Development's growing rental portfolio—now makes up nearly half of TAG's earnings, according to Fund Management. Despite this, Polish revenue remains undervalued at TAG Immo's current share price. TAG launched an IPO for its Polish homebuilding unit ROBYG after the quarter ended, with shares pricing 25% above TAG's book value for ROBYG. TAG still owns about two-thirds of ROBYG, with IPO proceeds used to further expand its Polish rental portfolio. This IPO validates some of the value hidden in many of the Fund's investments. If the market valued TAG based on ROBYG's current share price, TAG would need to trade approximately 20% higher to align with peer multiples.” | 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.
