Equity Tracking
This page outlines my approach to tracking public companies over time. Rather than focusing on short-term movements, the work emphasizes building an initial investment thesis and reviewing how fundamentals, market expectations, and outcomes evolve over time.
How the Tracking Works
Each company begins with an initial investment thesis that outlines the business model, key drivers, risks, and expectations. This thesis is documented at the start and serves as a reference point.
Over time, I track developments such as earnings updates, industry changes, and market reactions to assess how reality compares with the original assumptions. Periodic observations are published separately, while this page maintains the core structure of the tracking framework.
Industries Covered
Real Estate
Tracking public real estate companies with a focus on cash flow durability, capital structure, and valuation across market cycles.
Infrastructure
Tracking infrastructure businesses with long-duration assets, stable cash flows, and critical roles in global transport, utilities, and energy transition.
Energy
Analyzing energy companies positioned across traditional and transition pathways, with a focus on cash flow durability, capital discipline, and long-term demand dynamics.
Technology
Tracking technology businesses shaping enterprise software, cloud infrastructure, and AI-driven productivity through durable cash flows and scale economics.
Healthcare
Following healthcare businesses driven by innovation, pricing power, and resilient demand, where long-term value is shaped by regulation, pipelines, and execution.
Consumer & Retail
Tracking consumer-facing businesses where brand strength, unit economics, and execution drive long-term value. The focus is on demand durability, pricing power, expansion economics, and capital allocation discipline.