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P Pitch Archive Stock pitches across investing competitions
← Winter 2010

Interactive Brokers Group

IBKR pitch long Sidney Gargiulo

Thesis

Sidney Gargiulo presented a long recommendation on Interactive Brokers Group, arguing that the company is well-positioned to benefit from increasing trading volumes and market activity, making it a strong investment opportunity.

Did it work?

worked confidence: high

The long thesis on Interactive Brokers decisively played out: over roughly 200 months (nearly 17 years) since the pitch, the stock returned +2095.6%, a ~21x gain that far exceeds typical market benchmarks. This massive appreciation is consistent with the core thesis that IBKR was well-positioned to capture rising trading volumes and market activity, which indeed grew substantially over the period. With such a long horizon elapsed and an overwhelmingly positive return in the direction of the pitch, the thesis is clearly validated.