Insights
Research for thematic investing.
Independent notes across AI, semiconductors, physical AI, energy, and adjacent themes. Same dossier standard whether the work stays private or is licensed.
We write as buy-side operators: hypothesis first, evidence second, model third, price last. Public extracts carry a fixed disclaimer — opinions of the Principal, not investment advice. Thematic clarity means mapping each name to durable drivers, not chasing a single narrative.
Themes
Browse the research map.
Click into Physical AI, Energy, Semiconductors, and Memory. Energy carries theme-level Top Buys QS · BE · VST (Under Review until Principal locks). Cross-theme conviction lives under Insights → Top Buys — not on this landing.
Theme
Physical AI
Embodied intelligence — humanoids, industrial robots, autonomous vehicles, and the sensing / actuation stack that turns models into machines. Watchlist is a placeholder until Principal adds coverage names.
Open →Theme
Energy
Batteries, stationary power, and generation that underwrite AI and electrification load. Theme Top Buys (QS · BE · VST) are conviction leans — ratings and PTs remain Under Review until Principal locks them.
Theme Top Buys QS · BE · VST
Open →Theme
Semiconductors
Manufacturing and design stack across foundry, WFE, logic / accelerators, and EDA. Memory is tracked as a nested theme for clarity.
Includes Memory
Open →Intensity tiers
Flash · Standard · Initiation · Living
Flash
Short, time-sensitive notes when a catalyst or data point changes the decision frame.
Standard
Full note with hypothesis, evidence stack, and valuation frame — comparable across names.
Initiation
First full dossier on a name: cover sheet, business system, source stack, and kill criteria.
Living
Ongoing dossier revisions as filings, holders, and catalysts update the thesis.
Product formats
Cadence for the book.
Calm institutional formats for how work ships — alongside intensity tiers, not instead of them.
Morning Note
Brief overnight tape, filings, and catalyst digest for the coverage universe — decision-relevant only.
Thematic Pack
Multi-name map of a durable theme (HBM, foundry, data-center power, EDA) with cross-ticker claims.
Browse themes →Conviction / Top Buys
Ranked high-conviction list with one-line thesis teasers. Ratings and PTs only when Principal-locked.
Open Top Buys →Earnings Preview
Pre-print checklist: load-bearing claims, guide scenarios, and what would change the book.
Flash Alert
Same-day event note when an 8-K, print, or policy move hits a covered name — thin, tagged, fast.
Next steps
Choose a path. Unlock full dossiers.
Start with themes or the coverage universe. Full dossiers and living revisions sit behind Research on Pricing. Top Buys is available from the Insights dropdown when you want the conviction list.