Join for free and get access to the buyside
Get insights from the world's most influential hedge fund investors direct to your inbox
- © 2025 Buyside Digest
- Privacy Policy
- Disclaimer
- Sitemap
- Terms of Service
| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2025 Q2 | Jul 9, 2025 | Liberty Park Capital Management | 1.4% | -2.2% | AUR, BELFB, BLN, COMP, HQI, IONQ, LAKE, LBRT, LMB, NSSC, NVEE, NWL, QBTS, QUBT, SKY, SWIM, TTEK, WHR, WNC, XMTR | consumer, Long/Short, Manufacturing, Quantum, small cap, tariffs, technology, value | Nicotine pouches are disrupting traditional tobacco products with safer alternatives that have no known carcinogens. The US market grew over 40% in Q1 2025, with nicotine pouches expected to increase from 5% of global nicotine users in 2024 to 11% in 2030. Online penetration remains low at 3% in the US versus 35% in mature markets like Sweden. | HAYPP.ST LAKE SKY NSSC XMTR |
View |
| 2025 Q3 | Oct 31, 2025 | Kinsman Oak | - | - | ACHR, ASTS, CRML, DGNX, FRMI, GLD, JOBY, LAC, MEME, NNE, NXE, OKLO, PPTA, QMMM, QS, QUBT, RGCI, RGTI, SERV, SKE, TMC | AI, Bubble, debasement, gold, infrastructure, Speculation, technology, valuation | The manager sees AI as a speculative bubble similar to the dot-com era, with massive capital misallocation and unsustainable valuations. Big Tech firms are spending $400 billion in 2025 on AI infrastructure buildout, requiring a 100-fold revenue increase to justify costs. The manager believes this capex binge will eventually end badly when investors realize AI isn't generating incremental free cash flow. | View | |
| 2025 Q3 | Oct 21, 2025 | Tourlite Capital Management | -2.0% | 2.7% | ABUS, APG, FIP, FTAI, IONQ, NFE, OMAB, QBTS, QUBT, RGTI, ROIV, SBSW, TIC | Aviation, fundamentals, infrastructure, Long/Short, Quality, SPACs, Speculation, value | Fund operates as a long/short equity strategy capturing spread between long and short positions. Focuses on higher-quality businesses with positive earnings momentum on the long side while shorting companies with deteriorating fundamentals or unsustainable business models. | View | |
| 2025 Q3 | Oct 10, 2025 | Moon Capital Management | - | - | AMD, AMZN, GOOGL, IONQ, KO, META, MSFT, QBTS, QUBT, RGTI, WMT | AI, Bubble, fundamentals, risk, technology, Valuations, value | Manager draws extensive parallels between current AI investment mania and the late 1990s dot-com bubble. The four major hyperscalers are collectively spending hundreds of billions on AI infrastructure, with Microsoft alone expected to spend over $100 billion this year. Despite genuine technological potential, valuations have reached levels that far exceed realistic expectations, with companies like OpenAI valued at $500 billion while burning significant cash. | View | |
| 2024 Q4 | Jan 23, 2025 | Deep Sail Capital Partners | 11.8% | 38.1% | ANET, ELF, IONQ, KRKNF, LCID, META, NVDA, QBTS, QMCO, QUBT, RIVN, RKLB, TSSI, VRT | AI, Bubble, growth, Robotics, Short Selling, small cap, technology | Manager discusses the emergence of a speculative AI and quantum computing bubble in late 2024, particularly following Google's Willow quantum chip announcement. The bubble has focused on lower-quality companies rather than established AI leaders like Nvidia, Meta, and Arista Networks, creating attractive short-selling opportunities. | SHEL.F VRT ELF TSSI RKLB PNG.TO |
View |
| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| Mar 16, 2026 | Substack | Idea Hive | Quantum Computing | Technology | Quantum Computing | Bear | Nasdaq Stock Market | Business Strategy, Credibility, Faked Revenues, investment risk, Minimal Revenue, Non-Existent Facilities, Pivots, Quantum Computing, Quantum Photonic Chips, Semiconductor Hype | View Pitch |
| Nov 29, 2025 | Fund Letters | Hawkins Entrekin | Quantum Computing Inc. | Information Technology | Quantum Computing Hardware | Bear | NASDAQ | Bubble, Quantum Computing, Short, Speculation, technology, valuation | View Pitch |
| Oct 23, 2025 | Value Investors Club | jcoviedo | Quantum Computing Inc. | Information Technology | SpecTech | Bear | NASDAQ | Quantum Computing, Valuation: Insider sales | View Pitch |
| Sep 16, 2025 | Short Thesis | Iceberg Research | Quantum Computing Inc | Information Technology | Systems Software (Quantum Computing) | Bear | NASDAQ | Dilution, IP risk, Quantum, Software, Speculative | View Pitch |
| Sep 16, 2025 | Short Thesis | Capybara Research | Quantum Computing Inc | Information Technology | Systems Software (Quantum Computing) | Bear | NASDAQ | Dilution, IP risk, Quantum, Software, Speculative | View Pitch |
| Manager Name | Fund Name | Fund AUM | Invested Value | Portfolio Weight | Shares Owned | Shares Bought / Sold During Quarter | % Bought / Sold During Quarter | % of Shares Outstanding Owned |
|---|---|---|---|---|---|---|---|---|
| Anthony Bozza | Lakewood Capital Management | $1.5B | $153,900 | 0.01% | 15,000 | +15,000 | +100.00% | 0.0085% |
| Paul Tudor Jones | Tudor Investment Corp | $53.4B | $535,572 | 0.00% | 52,200 | +52,200 | +100.00% | 0.0296% |
| Steven A. Cohen | Point72 Asset Management | $86.8B | $405,270 | 0.00% | 39,500 | +39,500 | +100.00% | 0.0224% |
| Dmitry Balyasny | Balyasny Asset Management | $76.6B | $2.7M | 0.00% | 265,400 | +115,400 | +76.93% | 0.1506% |
| Israel Englander | Millennium Management LLC | $233.2B | $584,820 | 0.00% | 57,000 | +18,500 | +48.05% | 0.0324% |
| Cliff Asness | AQR Capital Management | $190.6B | $382,421 | 0.00% | 37,273 | +13,671 | +57.92% | 0.0212% |