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 |
|---|---|---|---|---|
AVI Global Trust Joe Bauernfreund | “Vivendi was the most significant detractor over the interim period, with a total return of -40%, costing us -297bps as the shares suffered a double whammy of NAV weakness and discount widening. From a high in late July 2025, the shares have now declined by -50%, as the NAV has declined by -38% and the discount has gone from 36% to 49%. Since its IPO, UMG has performed poorly as a stock in both absolute terms but particularly in relative terms – where its market cap has gone from parity with that of Spotify to c. one-third of the value. Whilst growth has exceeded expectations, there has been considerable debate and disappointment around margins, free cash flow and capital allocation. We believe that investors have become too despondent, with the shares trading at c. 13x 2026 estimated earnings net of the stake in Spotify. In late March the company launched an inaugural €500m share buyback programme; and in early April Bill Ackman/Pershing Square launched a proposed offer for the company at an ostensible +78% premium. The combination of strong NAV growth potential and Vivendi's close to 50% discount appear extremely compelling. We added to the position over the period.” | BULL | Q2 2026 Jul 2, 2026 | View Pitch |
Palm Valley Capital Management Jayme Wiggins | “Vivendi (-24.9%, -37 bps), the French listed holding company with focus on content, media, and entertainment industries. Vivendi continues to face pressure, primarily due to its heavy exposure to Univ” | BULL | Q1 2026 Apr 1, 2026 | View Pitch |
BDL Capital Management Portfolio Manager | “Canal+ experienced a correction in its share price due to temporary integration concerns and disappointing guidance at its newly acquired South African asset, MultiChoice. However, the core Canal+ business is exceeding expectations, and targeted synergy benefits of €300 million by 2026 will fully offset integration reinvestments. Trading at a projected 16% FCF yield for 2026, the combined entity is significantly undervalued and well-positioned to achieve critical scale in the global audiovisual industry.” | BULL | Q1 2026 Mar 31, 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.