Signal Graph

Themes and stock views from top value investors' letters, research and calls — clustered by how much independent smart money converges. The strongest signals stand out.

Bigger node = more mutually-independent top managers converging on the same theme/company. Themes come from ideas recurring across letters; a company's signal = how many managers are bullish in letters + how many hold it in 13F + 13D/G stake disclosures (13D = activist intent, ~40 days faster than 13F). Bullish in letters plus real money (13F or 13D) = ★ triangulated, the strongest signal.

71 managers · 2108 sources · 1470 signals
#SignalTypeIndep. mgrsConvergenceTriangulatedEvidence
1GCPGOOGLCompany20★ Verified20 bullish letters + 17 13F holders · 17 bearish
2集中持仓Theme58Recurring in letters from 58 managers
3AWSAMZNCompany20★ Verified20 bullish letters + 16 13F holders · 16 bearish
4TSMCTSMCompany20★ Verified20 bullish letters + 8 13F holders · 4 bearish
5MetaMETACompany17★ Verified17 bullish letters + 14 13F holders · 16 bearish
6AzureMSFTCompany17★ Verified17 bullish letters + 13 13F holders · 14 bearish
7NVIDIANVDACompany17★ Verified17 bullish letters + 10 13F holders · 16 bearish
8资本周期Theme37Recurring in letters from 37 managers
9AAPLAAPLCompany12★ Verified12 bullish letters + 9 13F holders · 13 bearish
10AI集中度风险Theme31Recurring in letters from 31 managers
11质量复利Theme30Recurring in letters from 30 managers
12MastercardMACompany12★ Verified8 bullish letters + 12 13F holders · 3 bearish
13新兴市场Theme25Recurring in letters from 25 managers
14ASMLASMLCompany9★ Verified9 bullish letters + 4 13F holders · 4 bearish
15VisaVCompany16★ Verified5 bullish letters + 16 13F holders · 2 bearish
16WeChatTCEHYCompany1313 bullish letters + 0 13F holders · 4 bearish
17TikTokBABACompany9★ Verified9 bullish letters + 3 13F holders · 5 bearish
18APPAPPCompany8★ Verified8 bullish letters + 4 13F holders
19GeicoBRK.BCompany10★ Verified6 bullish letters + 10 13F holders
20Moody'sMCOCompany9★ Verified6 bullish letters + 9 13F holders · 1 bearish
21逆向投资Theme20Recurring in letters from 20 managers
22TeslaTSLACompany7★ Verified7 bullish letters + 5 13F holders · 18 bearish
23FCXFCXCompany7★ Verified7 bullish letters + 5 13F holders · 2 bearish
24ShopifySHOPCompany7★ Verified7 bullish letters + 5 13F holders · 3 bearish
25CloudflareNETCompany7★ Verified7 bullish letters + 3 13F holders · 2 bearish
26MicronMUCompany6★ Verified6 bullish letters + 6 13F holders · 3 bearish
27护城河/网络效应Theme18Recurring in letters from 18 managers
28SpaceXCompany1010 bullish letters + 0 13F holders · 6 bearish
29SK hynixCompany1010 bullish letters + 0 13F holders
30Samsung ElectronicsCompany1010 bullish letters + 0 13F holders · 1 bearish
31NetflixNFLXCompany8★ Verified5 bullish letters + 8 13F holders · 5 bearish
32SpotifySPOTCompany7★ Verified5 bullish letters + 7 13F holders · 1 bearish
33激进维权Theme16Recurring in letters from 16 managers
34DoorDashDASHCompany6★ Verified6 bullish letters + 3 13F holders · 2 bearish
35BroadcomAVGOCompany6★ Verified5 bullish letters + 6 13F holders · 4 bearish
36ESPNDISCompany5★ Verified5 bullish letters + 5 13F holders · 1 bearish
37NuNUCompany5★ Verified5 bullish letters + 4 13F holders
38实物资产Theme15Recurring in letters from 15 managers
39GLDGLDCompany5★ Verified5 bullish letters + 4 13F holders · 2 bearish
40深度价值Theme13Recurring in letters from 13 managers
41能源资本开支不足Theme13Recurring in letters from 13 managers
42集中持仓风险Theme12Recurring in letters from 12 managers
43特殊情况/分拆Theme11Recurring in letters from 11 managers
44价值投资Theme11Recurring in letters from 11 managers
45长期成长Theme11Recurring in letters from 11 managers
46长期主义Theme10Recurring in letters from 10 managers
47地缘政治风险Theme8Recurring in letters from 8 managers
48长期投资Theme8Recurring in letters from 8 managers
49均值回归Theme7Recurring in letters from 7 managers
50公司治理Theme7Recurring in letters from 7 managers