Idea Thesaurus #2

Weekly Idea Generation Repository - March 23, 2024

Welcome to The Tiger’s Prey and the 2nd issue of the Idea Thesaurus!

In this week’s Idea Thesaurus spreadsheet, you’ll find a comprehensive compilation of 398 stock entries. For a detailed breakdown, both in text and as a PNG, please refer to the section below. The file, which you can freely share with your friends and colleagues, is accessible through the following "Download" button:

For the week ended Saturday, Mar 23, 2024, there have been a total of 398 stock entries, o/w:

SUPERINVESTORS: 72 stocks from 11 hedge fund portfolios w/ ≤ 50 positions and ≥ 0.5% portfolio weight and investor letters, o/w:

  • SUPERINVESTOR PORTFOLIO UPDATES: [This section had no entries this week]

  • INVESTOR LETTER MENTIONS: 72 stocks mentioned w/ a directional stance across 11 investor letters.

ACTIVISTS: 13 stocks from 13 activist investors and activist short sellers, o/w:

  • ACTIVIST HEDGE FUND PRESENCE: 7 stocks targeted by 7 activist investors w/ 7 13D activist filings.

  • ACTIVIST SHORT CAMPAIGNS: 6 stocks targeted by 6 activist short sellers w/ 2 new and 4 updated campaigns.

INSIDERS: 174 stocks from 250 corporate insiders and politicians, o/w:

  • INSIDER BUYING: 168 stocks bought by 245 insiders, including 22 cluster buys, at an avg value of $811k, totaling $136.2mm.

  • POLITICIAN TRADING: 6 stocks traded by 5 politicians w/ 5 buys and 1 sell at an avg value of $84k.

WRITE-UP PLATFORMS: 32 stocks from an equivalent number of investment write-ups w/ 27 long, 4 short and 1 N/A pitches, o/w:

  • VALUE INVESTORS CLUB (VIC): 20 stocks featured w/ 17 long and 3 short pitches published w/ a 45d delay, avging a +7.0% return (adj. for shorts).

  • SUMZERO: 12 stocks published w/ 10 long, 1 short and 1 N/A pitches, avging a -0.9% return (adj. for shorts).

SPECIAL SITUATIONS: [This section had no entries this week]

  • SPINOFFS: [This section had no entries this week]

  • MERGERS & ACQUISITIONS: [This section will be covered in future issues]

CASH DISTRIBUTIONS: 16 stocks w/ share buyback announcements and dividend commencements or suspensions, o/w:

  • STOCK BUYBACKS: 16 stocks w/ share buyback announcements at an avg % of mkt cap of 10.5%, totaling $9.8bn, at current mkt data.

  • DIVIDENDS: [This section will be covered in future issues]

PUBLIC OFFERINGS: 15 stocks w/ announced and completed IPOs and SPAC deals, o/w:

  • INITIAL PUBLIC OFFERINGS (IPOS): 11 IPOs w/ 5 announced, o/w 1 priced, and 6 completed and avg proceeds of $326m, totaling $2.0bn.

  • SPACS & DIRECT LISTINGS: 4 SPAC deals w/ 1 target announcement and 3 de-SPACs, avging a -51.4% return.

STOCK MODIFICATIONS: 16 stocks w/ announced and completed splits, reverse splits and stock symbol changes, o/w:

  • STOCK SPLITS: 13 stocks w/ 1 completed split and 4 announced and 8 completed reverse stock splits (avg reverse split ratio of 1:36).

  • STOCK TICKER CHANGES: 3 stocks w/ stock ticker changes (2 more covered in the public offerings section).

MISCELLANEOUS: 60 stocks w/ officer resignations, terminations or appointments and index additions or removals, o/w:

  • EXECUTIVE MOVES: 36 stocks w/ 17 CEO moves, 16 CFO moves and 3 w/ both CEO and CFO moves.

  • INDEX RECONSTITUTIONS: 24 stocks w/ 8 index additions, 8 index deletions and 8 w/ both index additions and deletions.

Happy bargain hunting!