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.

30 managers · 1070 sources · 879 signals
#SignalTypeIndep. mgrsConvergenceTriangulatedEvidence
1GOOGLGOOGLCompany16★ Verified9 bullish letters + 16 13F holders · 14 bearish
2资本周期Theme28Recurring in letters from 28 managers
3AmazonAMZNCompany17★ Verified8 bullish letters + 17 13F holders · 13 bearish
4集中持仓Theme26Recurring in letters from 26 managers
5MetaMETACompany14★ Verified8 bullish letters + 14 13F holders · 13 bearish
6MicrosoftMSFTCompany14★ Verified7 bullish letters + 14 13F holders · 12 bearish
7质量复利Theme22Recurring in letters from 22 managers
8AAPLAAPLCompany9★ Verified8 bullish letters + 9 13F holders · 11 bearish
9NVIDIANVDACompany11★ Verified7 bullish letters + 11 13F holders · 12 bearish
10VisaVCompany16★ Verified4 bullish letters + 16 13F holders · 1 bearish
11AI集中度风险Theme18Recurring in letters from 18 managers
12逆向投资Theme17Recurring in letters from 17 managers
13TSMCTSMCompany7★ Verified6 bullish letters + 7 13F holders · 2 bearish
14护城河/网络效应Theme15Recurring in letters from 15 managers
15Berkshire HathawayBRK.BCompany8★ Verified5 bullish letters + 8 13F holders
16FCXFCXCompany5★ Verified5 bullish letters + 5 13F holders · 2 bearish
17新兴市场Theme13Recurring in letters from 13 managers
18AlibabaBABACompany5★ Verified5 bullish letters + 4 13F holders · 3 bearish
19Moody'sMCOCompany9★ Verified3 bullish letters + 9 13F holders · 1 bearish
20DisneyDISCompany6★ Verified4 bullish letters + 6 13F holders
21GoogleGOOGCompany12★ Verified2 bullish letters + 12 13F holders
22TeslaTSLACompany5★ Verified4 bullish letters + 5 13F holders · 12 bearish
23MastercardMACompany11★ Verified2 bullish letters + 11 13F holders · 1 bearish
24激进维权Theme11Recurring in letters from 11 managers
25深度价值Theme11Recurring in letters from 11 managers
26ASMLASMLCompany4★ Verified4 bullish letters + 4 13F holders · 2 bearish
27实物资产Theme10Recurring in letters from 10 managers
28能源资本开支不足Theme10Recurring in letters from 10 managers
29集中持仓风险Theme10Recurring in letters from 10 managers
30特殊情况/分拆Theme10Recurring in letters from 10 managers
31价值投资Theme10Recurring in letters from 10 managers
32S&P 500SPYCompany6★ Verified3 bullish letters + 6 13F holders · 7 bearish
33MicronMUCompany4★ Verified4 bullish letters + 2 13F holders · 2 bearish
34American ExpressAXPCompany5★ Verified3 bullish letters + 5 13F holders · 1 bearish
35GLDGLDCompany5★ Verified3 bullish letters + 5 13F holders · 2 bearish
36ExxonXOMCompany5★ Verified3 bullish letters + 5 13F holders · 1 bearish
37AerCapAERCompany4★ Verified3 bullish letters + 4 13F holders · 1 bearish
38CitigroupCCompany4★ Verified3 bullish letters + 4 13F holders
39Booking.comBKNGCompany4★ Verified3 bullish letters + 4 13F holders · 1 bearish
40AdobeADBECompany4★ Verified3 bullish letters + 4 13F holders · 2 bearish
41FiservFICompany4★ Verified3 bullish letters + 4 13F holders · 1 bearish
42Capital OneCOFCompany7★ Verified2 bullish letters + 7 13F holders · 3 bearish
43NetflixNFLXCompany7★ Verified2 bullish letters + 7 13F holders · 3 bearish
44CoupangCPNGCompany6★ Verified2 bullish letters + 6 13F holders
45均值回归Theme7Recurring in letters from 7 managers
46逆向价值Theme6Recurring in letters from 6 managers
47安全边际Theme6Recurring in letters from 6 managers
48逆向价值投资Theme6Recurring in letters from 6 managers
49长期主义Theme5Recurring in letters from 5 managers
50地缘政治风险Theme5Recurring in letters from 5 managers