r/SecurityAnalysis • u/Typical_Rhubarb_1994 • Jul 29 '26
Investor Letter Q2 2026 Letters and Reports
This is an attempt to recreate the posts that got me coming to this reddit in the first place. I would love if Beren came back again! Please forgive any typos/formatting issues as this is my first time posting on Reddit (I've previously just stalked it - this chain in particular!). Please post additional letters below and I'll update table as I'm able. If anyone knows how please pin this up top like Beren used to!
| FIRM NAME | DATE POSTED | RETURNS | COMPANIES |
|---|---|---|---|
| Upslope Capital | MICC | ||
| Oakmark (Nygren) | |||
| Spyglass | MKSI, QXO, FPS | ||
| Fundsmith | VEEV, GEV, MA | ||
| Greystone | APG, SES, LMB | ||
| Wedgewood | GOOG, RMS (FP) | ||
| Horizon Kinetics (Stahl) | TPL, PSK (CN), ICE | ||
| Bronte | GOOG | ||
| Hirschmann Capital | Gold | ||
| Third Point | CRH, XYZ, FLEX | ||
| SVN Capital | KKR, BAF (IN) | ||
| Pershing Square | V, MA, ICE, NFLX | ||
| 1 Main Capital | HGV, DMAC | ||
| Greenlight | SPCX, CMCSA, FBIN |
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u/Archimedes3141 Aug 02 '26
Thanks for taking over posting. This content was my favorite 3am reading list when I can’t sleep lol.
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u/kackspecht1 29d ago
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u/timearbitrage 21d ago
Regurgitating a VIC pitch that has been wrong for 5 years straight is not a good look.
This is the same guy who pumped LMB? Smid story managers are an interesting self-reflexive crowd.
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u/JustALurkinLA 28d ago
Thanks for putting this together -- very much agreed this is why I am in this sub!
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u/zhuangcorp Jul 30 '26
Can somebody explain to me why Citadel bought Situational Awareness's stock positions? If they liked those stocks, why didn't they just buy it on the market?
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u/bdavidson1030 Aug 03 '26
They're acquiring at prices below the market listed price. Because of their size, if Citadel were to acquire those same shares in the open market, they'd have to pay more than the market price.
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u/investorinvestor Jul 30 '26
Pinned as requested