LongBABAAug 2026
Alibaba Group Holding Limited
Alibaba is redirecting substantial capital toward AI infrastructure, which is depressing near-term free cash flow and profitability but is beginning to produce measurable growth…
JB Global Capital
Concentrated, long-only fundamental and contrarian equity investing with an emphasis on valuation and business quality.4 published ideas
JB Global Capital is managed by Jack Beiro and publishes detailed fundamental investment research alongside quarterly fund letters. The portfolio is deliberately concentrated and focuses on businesses where the manager believes market prices materially understate intrinsic value. The strategy has historically avoided leverage, short selling and financial derivatives.
Ideas from JB Global Capital
LongPYPLAug 2026
PayPal Holdings, Inc.
The original PayPal thesis was that the market was pricing a durable and highly cash-generative payments franchise as though it faced permanent structural decline. The manager…
LongFLOAug 2026
Flowers Foods, Inc.
Flowers Foods was purchased as a conservative and defensive business trading at a distressed valuation. Bread is viewed as a resilient, non-discretionary consumer category, while…
LongLULUAug 2026
lululemon athletica inc.
The Lululemon thesis was based on a high-quality business trading below what its historical fundamentals appeared to justify, including a debt-free balance sheet, strong gross…
Letters covered
- Q2 2026 Investor Letter - Illusion of a SnapshotAugust 5, 2026
Source PDFs are not republished here; only extracted ideas and quotes.