Posts
Alta Fox Capital - Long Thesis on NCR Atleos
US deficits: much more than manufacturing
Trends in Obesity: An Investor's Guide
[Podcast overview of report and methodology can be found here.](https://www.williamblair.com/Insights/Shaping-the-Future-Innovations-and-Trends-in-Obesity-Treatment)
Flywire's Flywheel
LandBridge ($LB) short report: Stress testing Gotham City Research’s claims
I’m seeing plenty of aggregator blurbs and quick takes on X, but almost zero rigorous discussion of Gotham City Research’s 7/24/25 short report on LandBridge ($LB). PDF link here (original source): https://www.gothamcityresearch.com/landbridge-report Here’s my summary of their thesis: 1. Up to 55% of FY24 revenue could be “circular” via related-party …
Salmon industry analysis
Hi I've been posting free articles of my own on this sub for quite some time. I believe that they provide good value to members of the sub, but some members have complained that it is not fair to simply post the links, because it is self-promotion, and because after …
Cliff Asness — Quant Origins, Value Crashes, and Market Inefficiencies
The HALO Effect
Guide to corporate governance
Q2 2025 Letters & Reports
Investment Firm | Return | Date Posted |Companies ---|---|---|--- [East72](https://east72.com.au/wp-content/uploads/2025/07/E72DT-Quarterly-Report-June-2025.pdf)| |July 10| CKH [Warden Capital](https://warcap.substack.com/p/war-cap-q2-update)| -1.3%| July 10| [Brasada](https://brasadacapital.com/insights2/second-quarter-of-2025)| |July 17| WST, UBER [Bristlemoon Capital](https://www.bristlemoonresearch.com/p/bristlemoon-june-2025-quarterly-letter)| | July 17| APG, CRM, UNH [Fundsmith](https://www.fundsmith.co.uk/media/bvgden5v/2025-fef-semi-annual-letter-to-shareholders.pdf)|-1.9%| July 17| [Headwaters Capital](https://headwaterscapmgmt.com/wp-content/uploads/2025/07/HCM-Q2-25-Investor-Letter.pdf)|-2.6€ |July 17| TECH, TMDX [JDP Capital](https://jdpcap.com/wp-content/uploads/2025/07/2Q_2025_Letter_Final_1.pdf)| 16.8%| July 17| SPOT, CATL [Kathmandu Partners](https://static1.squarespace.com/static/63465dbda3a3280f2afb25eb/t/68682e73ac30132bf9f29c8d/1751658099217/KC+2Q25+Letter+to+Investors.pdf)|16.6%| July …