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 |
|---|---|---|---|---|
Liberty Park Capital Management Charles P. Murphy | “Xometry was hit hard in the first quarter following an overly negative reaction to the announced CEO transition and a blog post suggesting that AI agents could soon ...” | BULL | Q2 2026 Aug 6, 2026 | View Pitch |
Liberty Park Capital Management Charles P. Murphy | “XMTR reported another better-than-expected quarter where marketplace revenue accelerated to 31%. Enterprise growth remained above 40%, reflecting strong adoption among larger customers. Management cited improving take rates and expanding customer use cases. The platform continues to benefit from network effects as both buyers and suppliers increase engagement. BSD Analysis: Xometry is trying to build a two-sided marketplace for manufacturing capacity, which is harder than it looks and more valuable if it works. Its platform reduces friction for buyers while improving utilization for suppliers, a rare win-win in industrials. Growth slowed as customers scrutinized spend, testing the model. But supplier networks deepen with scale, improving economics over time. Investors fixate on losses and miss marketplace dynamics. Pricing power emerges when liquidity improves. Gross margins tell the real story, not EBITDA today. This is manufacturing infrastructure dressed like a tech stock. If liquidity wins, leverage follows.” | BULL | Q4 2025 Jan 21, 2026 | View Pitch |
NCG Small Cap Growth Strategy Tom Press | “Xometry was a top contributor to small-cap performance. The company leverages AI and data analytics to connect buyers and suppliers of custom manufacturing services efficiently. Strong growth in order volumes and improving margins highlight execution strength. BSD Analysis: Xometry's AI-enabled marketplace continues to gain traction in reshoring and precision manufacturing trends. With 35% revenue growth, improving gross margins from 27% to 33%, and positive FCF trajectory, the firm is moving toward operating leverage inflection. Its supply chain digitization platform scales with industrial automation and nearshoring. Partnerships with major OEMs and AI-based quoting tools enhance competitive differentiation. While valuation is rich, structural adoption tailwinds and execution consistency support long-term upside.” | BULL | Q3 2025 Sep 30, 2025 | View Pitch |
Unconventional Value Tim Gallagher | “Xometry recently blew earnings out of the water, and the stock jumped over 40% on the day. Volatility has been par for the course over the last three years, though not always to the upside. While I have no evidence to support this, I suspect the extreme price action reflects a constantly evolving view of the bigger picture; the market hasn't decided if it believes in it or not, but it recognizes something is there. The bigger picture, as I see it, is that Xometry is digitizing a massive industry. Buying custom parts is a tedious, analog process today. Not many companies are trying to solve the problem in the same way as Xometry, and of those players, it is by far the largest. Xometry's approach is particularly powerful because scale accrues to its advantage. From my view, it's a classic digital marketplace disruption story. Xometry's business is enabled by an AI instant quoting engine. This technology alone is not a competitive advantage; it's a foundational technology layer that allows them to pursue a new business model category and offer a "wow" customer experience. Xometry's primary competitive advantage is the scale and scope of its network, and as it continues to grow, I expect this advantage to deepen. It's classic network effects. I believe scale wins on the internet, and if you can remove the friction from a manual / analog sourcing process, people will choose digital every time. That's the crux of the thesis: millions of custom parts are transacted each year, and Xometry is going to steadily take share of that volume. I think this provides a long runway to grow whether or not they really excel in production (though I think they likely will). Production is no doubt an accelerant - an offensive move to drive further scale - but I think if Xometry were to simply dominate the prototyping market, it would still be a successful outcome for shareholders. BSD Analysis: Xometry is a high-growth, AI-powered industrial marketplace whose value is locked in its ability to digitize the fragmented, multi-trillion-dollar manufacturing supply chain. The core thesis is driven by the company's AI-driven Instant Quoting Engine and its massive 10,000+ supplier network. This technological edge allows Xometry to instantly match complex manufacturing jobs (CNC machining, 3D printing, fabrication) with the optimal supplier globally. The company's Manufacturing Partner Network is the largest of its kind, offering over 30 million available machine hours and seamless integration with thousands of facilities worldwide. Xometry is a high-conviction play on the structural digital transformation of the global manufacturing sector.” | BULL | Q2 2025 Aug 14, 2025 | View Pitch |
Liberty Park Capital Management Charles P. Murphy | “XMTR rebounded from a drawdown caused by tariff uncertainty. The company continues to report rapid growth with its largest accounts and demonstrate operating leverage. We expect that XMTR will ultimately benefit from the increased uncertainty around tariffs and supply chains. BSD Analysis: Xometry is a high-growth, AI-powered industrial marketplace whose value is locked in its ability to digitize the fragmented, multi-trillion-dollar manufacturing supply chain. The core thesis is driven by the company's AI-driven Instant Quoting Engine and its massive network of 10,000+ suppliers. This technological edge allows Xometry to instantly match complex manufacturing jobs (3D printing, CNC machining, fabrication) with the optimal supplier globally. The stock is a high-conviction play on the structural digital transformation of the global manufacturing sector, creating a powerful, scalable network effect.” | BULL | Q2 2025 Jul 9, 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.
