Spring 2022

KKR is positioned to benefit from a growing total addressable market (TAM) in asset management, with a strong business model that leverages scale advantages. The company has demonstrated significant growth in assets unde…

The investor believes Jack in the Box has significant upside potential due to its strong brand and operational improvements. They have presented a PowerPoint deck to support this investment thesis.

Nvidia has been a large position in the fund because I believe that AI and machine learning are going to be meaningful in terms of computational technology and computer science. Nvidia has the lead on the silicon aspect …

Google is one of the biggest positions in the fund due to its powerful network effects and the fact that people need its services. With eight products having over a billion users, it demonstrates strong durability and gr…

Amazon is mentioned as a big outperformer in the market, indicating its strong position and growth potential within the tech sector.

Netflix is highlighted as a powerful stock, suggesting its resilience and growth potential in the competitive streaming market.

Tesla is noted as a big outperformer, reflecting its strong market position and growth prospects in the electric vehicle sector.

Reliance Industries is positioned as the foundational infrastructure provider for India, which is expected to become the world's largest country by population. The company has a strong presence in both telecom and retail…

I recommend a long position in KKR & Co. Inc. with a 5-year price target of $128.8, for an IRR of 20%.

Scientific Games is transforming into a more focused company by divesting its lottery business and concentrating on its gaming segment, where it holds a 75% global market share in instant lottery tickets. The new managem…

PAR Technology has a growing software business that has become more recognized over time, and the company's ability to effectively survey the industry provides insights into its potential success, particularly in the B2B…

Scientific Games has undergone a significant transformation by shedding its sports betting and lottery businesses to focus solely on gaming. This strategic shift, coupled with a strong management team that has a proven t…

Afterpay has shown significant traction in the U.S. market, expanding rapidly and gaining a large customer base. The company's unique positioning in the fashion sector, where consumers often browse and discover products,…

Afterpay has a strong brand loyalty among younger consumers who prefer its services over traditional credit cards. The company is expected to scale quickly by acquiring small and medium-sized fashion brands, which will e…

Coinbase is viewed positively due to the belief that there will eventually be real-world utility for cryptocurrencies. The transition from early adopters to mainstream users is expected to drive growth, and the underlyin…

Coinbase is well-positioned to capture significant market growth as the cryptocurrency market matures, potentially increasing its market cap from $2 trillion to $10-15 trillion. The stock is currently undervalued, tradin…

Zooplus had the potential to be the Chewy of Europe, but the investor sold it before it was acquired at a much higher price. The experience taught the investor the importance of aligning with management and not forcing c…