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 |
|---|---|---|---|---|
Riverwater Partners Small Cap Strategy Nathan Fredrick, CFA | “Red Violet ($RDVT) provides proprietary big-data analytics and identity intelligence solutions through its cloud-based IDI and FOREWARN platforms, accounting for an average 2.59% weighting. The manager is highly bullish following record operational performance that demonstrated significant enterprise software demand and broad-based vertical adoption across real estate, risk mitigation, and adjacent verticals. Economically, the company exhibits superior unit economics characterized by a 100% renewal rate across contracted REALTOR® associations and substantial operating leverage. Second-quarter financial metrics highlighted this operating leverage, with 23% top-line growth driving a 48% surge in adjusted EBITDA and a 700-basis-point margin expansion to an unprecedented 42% adjusted EBITDA margin. Near-term catalysts include expanding the FOREWARN platform into the addressable market of four million home healthcare aides alongside scaling a growing enterprise customer pipeline. Key risks encompass potential enterprise sales cycle delays and execution headwinds in new vertical expansions.” | BULL | Q3 2026 Oct 15, 2026 | View Pitch |
Riverwater Micro Opportunities Strategy Nathan Fredrick, CFA | “Red Violet ($RDVT), which accounts for 4.18% of the fund's portfolio, operates proprietary big-data and identity intelligence platforms (IDI and FOREWARN) that provide real-time background verification, risk mitigation, and identity analytics. The manager holds an established bullish thesis, underscoring the company's ability to displace large incumbent providers in institutional, enterprise, and law enforcement applications through superior data architecture. The business benefits from powerful unit economics driven by software operating leverage. Because Red Violet's data ingestion and cloud infrastructure represent largely fixed overhead, incremental revenue from customer additions converts directly into profit; quarterly revenue expanded 23% to $26.7 million while adjusted EBITDA surged 48%, driving seven percentage points of margin expansion to a record 42%. A 100% renewal rate across existing real estate associations illustrates formidable pricing power and sticky enterprise relationships. Key forward catalysts center on TAM expansion into adjacent end-markets like home healthcare (comprising four million potential users) and large enterprise pipeline conversions. Primary risks include customer churn in core real estate verticals during housing downturns and heightened technological competition from legacy data aggregators.” | BULL | Q3 2026 Oct 15, 2026 | View Pitch |
Immersion Investment Partners David Polansky | “Red Violet (RDVT – Underdog) merits some discussion, given the violent contraction in the first quarter and the subsequent snapback. To reiterate our previously stated views from our An” | NEUTRAL | Q2 2026 Aug 10, 2026 | View Pitch |
Immersion Investment Partners David Polansky | “Red Violet (RDVT – Underdog) merits some discussion, given the violent contraction in the first quarter and the subsequent snapback. To reiterate our previously stat...” | BULL | Q2 2026 Aug 10, 2026 | View Pitch |
Wasatch Micro Cap Fund Ken Korngiebel, Thomas Bradley, Natalie Pesqué | “Red Violet, Inc. (RDVT) rebounded in the quarter after falling victim to the prior quarter's AI-driven sell-off in software stocks. The company leverages proprietary technologies and advanced analytics to deliver identity intelligence solutions used by financial, retail and law enforcement organizations to prevent fraud, acquire customers and mitigate risk. We view Red Violet as relatively insulated from AI disruption and took advantage of the earlier stock price decline to add to the position. Red Violet offers its services through a cloud-native software platform that offers insights and security that we believe would be nearly impossible to replicate. In addition, the company's business model is highly scalable as the costs associated with the data used for its background checks are fixed, and we expect its margins to continue to improve as more customers utilize that data.” | NEUTRAL | Q2 2026 Jul 25, 2026 | View Pitch |
Riverwater Micro Opportunities Strategy Nathan Fredrick, CFA | “Red Violet, a data analytics and identity intelligence provider, gained approximately 84%. The company's proprietary identity graph continues to take share in fraud prevention and investigative workflows, and it is one of the rare profitable, founder-driven software businesses available at the micro-cap end of the market. It remains a top-five holding. Red Violet continues to onboard customers at record levels which is a good leading indicator of future sales growth. Management is also integrating AI in product development. In contrast to most other software companies, the market sees AI as a tailwind rather than a headwind for them.” | NEUTRAL | Q2 2026 Jul 17, 2026 | View Pitch |
Wasatch Micro Cap Fund Ken Korngiebel, Thomas Bradley, Natalie Pesqué | “The manager views Red Violet's cloud-native identity intelligence and fraud prevention platform as highly secure and difficult for competitors to replicate. They took advantage of a temporary, AI-feared sell-off to increase their position, expecting significant margin expansion due to a highly scalable business model with fixed data costs.” | BULL | Q2 2026 Jun 30, 2026 | View Pitch |
Wasatch Global Select Strategy Mick Rasmussen, Derrick Tzau, Stuart Rigby | “Red Violet, Inc. (RDVT) was a main detractor from Fund performance compared to the benchmark, falling victim to the quarter's AI-driven selloff in software stocks despite reporting exceptional results” | BULL | Q1 2026 Apr 25, 2026 | View Pitch |
Riverwater Micro Opportunities Strategy Nathan Fredrick, CFA | “Red Violet (RDVT), a provider of data analytics and identity intelligence solutions used across government, law enforcement, and enterprise markets, underperformed in the first quarter of 2026 primari” | BEAR | Q1 2026 Apr 15, 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.