Pelican Bay Capital Management, LLC

Concentrated long-only value equity strategy focused on high-quality companies with durable competitive advantages trading at steep discounts to intrinsic value.$5.7B AUM5 published ideas

Pelican Bay Capital Management runs a Concentrated Value strategy that seeks high-quality companies with durable competitive advantages, strong cash generation and solid balance sheets, then invests when they trade at steep discounts to estimated intrinsic value. The manager defines investment opportunity as a meaningful gap between market price and intrinsic value and uses that gap to create a margin of safety. Pelican Bay Capital Management operates within Moran Wealth Management, which reported $5.7 billion of AUM as of June 30, 2026. P(1) Pelican Bay Capital Manage… P(1) Pelican Bay Capital Manage… Moran Wealth Management -

Ideas from Pelican Bay Capital Management, LLC

LongELVJul 2026

Elevance Health

Pelican Bay believes Elevance is recovering from weakness in the Medicare insurance market as management reprices plans to account for higher medical costs. The company is also…

LongRPRXJul 2026

Royalty Pharma

Pelican Bay's Royalty Pharma position has appreciated as investors gained confidence in management's ability to acquire new pharmaceutical royalties on attractive terms. The fund…

LongTOLJul 2026

Toll Brothers

Pelican Bay views Toll Brothers as a relative bright spot within a weak homebuilding sector because its customer base is unusually affluent. Those buyers have benefited from…

LongZTSJul 2026

Zoetis

Pelican Bay added to Zoetis after a sharp post-earnings sell-off because it believes the market reaction was excessive relative to the long-term opportunity. The manager expects…

LongDVNJul 2026

Devon Energy

Devon is Pelican Bay's newest portfolio addition and is built around a combination of high-quality oil and gas assets, a clean balance sheet and substantial expected free cash…

Letters covered

  • 2026 Second Quarter Investor LetterJuly 20, 2026

Source PDFs are not republished here; only extracted ideas and quotes.