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 |
|---|---|---|---|---|
Van Der Mandele Arar Fund Joost van der Mandele | “We actually held Deutsche Rohstoff, and sold out early in January 2026 (regrettably!). The stock was trading at a forward P/E of 10 with quite a bit of debt, and that's usually not what we're looking for. However, as the Strait was closed economics evolved. In their 1st quarter earnings call they revealed they had seized the opportunity and secured more rigs than usual, and would be able to fully exploit the elevated oil & gas prices through extra production. Guiding for a forward P/E of 2.2 was enough to put them back on our radar, especially considering their balance sheet. One might also remember that Deutsche Rohstoff, despite mostly being a shale gas company, called itself a 'tactical commodity production investment company'. Turns out they were not wrong, as they held a ~8% stake in Almonty Industries. While this holding wasn't particularly valuable in 2022-2024, Tungsten prices have skyrocketed and so did Almonty's stock. By the end of 2025, Almonty had gone up 1300% and Rohstoff's stake represented a valuation about equal to their market cap. With oil prices below Rohstoff's breakeven that didn't look appealing enough, but with oil 40% higher that all changes. With spot WTI oil prices at 80 usd/bll and prices further along the strip at 70 usd/bll, we see Rohstoff earning around 185 million in 2026 and 100 million in 2027. The rest of their reserves we value at around 550 million NPV. Add to that their 61 million Almonty stake (after collecting 190 million on the sale of ~75% of their stake), a 230 million cash position, and debt that's close to the rest of their assets, and we see a current fair value that's triple their market cap. Not bad for a company that also has a history of sharing their spoils with its shareholders through high dividends!” | NEUTRAL | Q2 2026 Aug 18, 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.
