Letters by company

Bitcoin ETF

1 letter discussing EBIT-U. Everything written about it on this site is on its ticker page.

Patient Capital Management 2Q25 Portfolio Activity and Attribution Patient Opportunity Equity added UnitedHealth, Noble, Tempus AI, Clear Secure and Costco puts after the market sell-off, while selling Carvana, New Fortress Energy and Nvidia call-spread exposure. The strategy argues that offshore drilling, healthcare AI, crypto infrastructure and select turnarounds offer idiosyncratic opportunity, while Costco's valuation leaves it vulnerable to reassessment. 2Q25 +15.3% BABA $290BCOIN $45BCOST $431BKOS $1.8B