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 |
|---|---|---|---|---|
Airlie Australian Share Fund Emma Fisher & Matt Williams | “Westpac is a great illustration of the changing market forces driving share prices. In FY23 it generated $1.99 cash EPS. By FY25, this had grown a paltry 2%, to $2.04 – for a CAGR of 1% earnings growth p.a. Given the S&P/ASX 200 long-run earnings growth of c. 4% p.a., you might expect Westpac to have underperformed. However, the share price rallied 80% over this period. What was it that the market responded to? We believe it was the earnings revisions: in November 2023, sell-side consensus expectations were for Westpac to earn $1.80 EPS in FY25. So while Westpac delivered very little actual earnings growth over the two years from November 2023 to November 2025, the $2.04 it delivered was 14% ahead of what was expected.” | NEUTRAL | Q2 2026 Jul 21, 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.
