RGTI

RGTI

RGTI

Letters With This Ticker

Quarter	Letter Date	Fund Name	QTD	YTD	Tickers	Keywords/Themes	Theme Commentary	Pitches	Letter
2025 Q1	Apr 17, 2025	Liberty Park Capital Management	-3.5%	-3.5%	AUR, BKTI, BLN, INOD, LBRT, LESL, LMB, MTN, NSSC, RGTI, SEI, SOUN, STKL, SWIM, THRY, TITN, TTEK, VSEC, WNC, XMTR	Long/Short, security, small caps, tariffs, Trade Policy	President Trump announced minimum tariffs on all imports of 10%, plus reciprocal tariffs starting at another 10% and rising above 100% for trade abusers such as China. The manager believes the worst-case scenario of universal >50% tariffs is unlikely because global trade would cease and would enter a Great Depression. Some tariffs will likely remain permanent, and the tariff announcements significantly damaged confidence and predictability.	NSSC	View
2025 Q3	Nov 8, 2025	Baird Small/Mid Cap Growth Equity Fund	-3.2%	-9.6%	AAON, ADMA, AFRM, ALAB, BMI, BOOT, BRBR, BROS, BURL, BWXT, CASY, CAVA, CLWD, COCO, DKNG, ELF, EXAS, FDS, FOUR, FSS, HLI, INSM, INSP, IONQ, LII, MASI, MKTX, MTSI, NBIX, PEN, PODD, QBTS, RGTI, SOFI, TARS, TTAN, TWLO, TXRH, WAY, WING, WSO	AI, growth, healthcare, momentum, Quality, semiconductors, small cap, software	AI enthusiasm drove significant benchmark outperformance through semiconductor and infrastructure plays, with quantum computing stocks adding over 2% to benchmark weight despite extreme valuations. The market's insatiable desire for AI beneficiaries created meaningful factor headwinds for the portfolio.		View
2025 Q3	Nov 11, 2025	AMG GW&K Small Cap Core Fund	6.9%	3.6%	ABCB, CRDO, HLI, INTA, LOPE, MEDP, MTSI, PRIM, RBC, RGTI, RMBS, SPXC, STRL, SUPN	AI, Biotech, earnings, healthcare, small cap, technology	The market saw impressive gains driven by artificial intelligence stocks, though the fund missed these speculative rallies due to its focus on consistent earnings. The team added two technology stocks to increase exposure to AI infrastructure during the quarter.		View
2025 Q3	Oct 9, 2025	ClearBridge Investments Small Cap Growth Strategy	-	-	BE, BPMC, BROS, BWXT, CGON, CLBT, CRDO, FTAI, ICLR, INSM, KTOS, KVYO, MEDP, MIRM, ORCL, RGTI, RNA, RYTM, SHFT, WING	AI, Biotechnology, defense, Energy Transition, growth, semiconductors, small cap, software	AI infrastructure investments are narrowly driving economic growth alongside retail enthusiasm for high-growth-potential markets. The Strategy sees extreme performance divergence between perceived AI winners and losers in software holdings, with concerns around potential AI disintermediation affecting software stocks despite strong earnings beats.	KD US BE US	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 22, 2025	Alluvial Capital Management	15.5%	33.6%	CRAWA, EACO, FLTB, GTX, MAA, RGTI, SENEA, TLN	Communications, contrarian, Europe, REITs, small caps, value	Manager emphasizes investing in companies with durable cash flows, valuable assets, and healthy balance sheets rather than speculative companies without revenue. Contrasts Rigetti Computing trading at 2,000x revenue with Mid-America Apartment Communities owning tangible apartments producing real cash flows.	CBL NLOP MCB LN FTLF ZEG LN CBL NLOP MCB LN FTLF ZEG LN	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 16, 2025	White Brook Capital	-	-	AMS, BLDR, BOF, CCLDO, CVEO, FND, GOOG, INFU, JAKK, MSFT, NVDA, PAYS, PTLO, QIPT, RGTI, RPID, TGT, TSM, TTSH	AI, Bubble, cash flow, growth, Homebuilders, small caps, value	Manager views AI spending as creating a bubble with mixture of substance and hype. Compares to fiber optic cable overinvestment but notes silicon processors have much shorter lifespans. Sees problematic warrant and share issuances in AI ecosystem deals.	TGT US PTLO US	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

Pitches With This Ticker

Date	Pitch Type	Author	Company	Industry	Sub Industry	Bull / Bear	Stock Exchange	Keywords	Action
Mar 16, 2026	Substack	Idea Hive	Rigetti Computing	Technology	Quantum Computing	Bear	Nasdaq Stock Market	competitive landscape, government contracts, high valuation, Market Expectations, net cash position, operating losses, Quantum Computing, Revenue Growth, Superconducting, Technology Development	View Pitch
Oct 23, 2025	Value Investors Club	Gunner007	Rigetti Computing Inc.	Information Technology	Computer Hardware	Bear	NASDAQ	Overvaluation, Quantum Computing, SPAC, Speculative unwind	View Pitch
Oct 15, 2025	Seeking Alpha	Seeking Alpha	Rigetti Computing, Inc.		Computer Hardware	Bear		AI Hype, Overvaluation, Price-to-Sales Ratio, Quantum Computing, Unprofitable	View Pitch
Sep 25, 2025	Seeking Alpha	Seeking Alpha	Rigetti Computing, Inc.		Computer Hardware	Bear		cash position, Equity Offering, Future Growth Potential, Market Hype, Overvaluation, Quantum Computing, Sales Decline, shareholder dilution, Speculative Bubble, Technological Challenges	View Pitch
Aug 8, 2025	Seeking Alpha	Yiannis Zourmpanos	Rigetti Computing	Information Technology	Computer Hardware	Bull	NASDAQ	—	View Pitch
Aug 7, 2025	Seeking Alpha	JR Research	Rigetti Computing, Inc.	Information Technology	Computer Hardware	Bear	NASDAQ	—	View Pitch
Aug 7, 2025	Seeking Alpha	Uttam Dey	Rigetti Computing	Information Technology	Computer Hardware	Bear	NASDAQ	—	View Pitch

BSD Shareholders of RGTI

This report provides a detailed summary of investor holdings for a specified stock ticker, highlighting key metrics such as fund name, total assets under management (AUM), invested value, portfolio weight, and shares owned. It also tracks changes in share ownership during the last quarter, including the percentage of shares bought or sold and the percentage of outstanding shares owned. The data is generated using an API that processes investor holdings and calculates these values for each fund. This report helps investors and analysts monitor the stock positions of major funds, identify investment trends, and assess the influence of large investors on individual stocks.

Filing Date: September 30, 2025

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
No investor data available.

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