Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Index Rebalance

<ul>
<li>On Friday after the close, the S&amp;P DJI Index Committee announced changes to the S&amp;P 100, S&amp;P500, S&amp;P MidCap400, and S&amp;P SmallCap600. Changes happen at the close 15 March 2024.</li>
<li>
<a href="https://www.smartkarma.com/entities/super-micro-computer-inc" target="_blank" data-smartkarma-citation="entities:7921:1" rel="noopener">Super Micro Computer (SMCI US)</a> and <a href="https://www.smartkarma.com/entities/deckers-outdoor-corp" target="_blank" data-smartkarma-citation="entities:3028:1" rel="noopener">Deckers Outdoor (DECK US)</a> replace <a href="https://www.smartkarma.com/entities/zions-bancorporation" target="_blank" data-smartkarma-citation="entities:9490:1" rel="noopener">Zions Bancorporation (ZION US)</a> and <a href="https://www.smartkarma.com/entities/whirlpool-corp" target="_blank" data-smartkarma-citation="entities:1538:1" rel="noopener">Whirlpool Corp (WHR US)</a> in the S&amp;P500. 2 changes to 400, 6 to 600.</li>
<li>The immediate reaction was to send SMCI up 12.5%. That's shortsighted. It pays to count the pennies involved. There are a LOT of pennies.</li>
</ul>


On Friday after the close, the S&amp;P DJI Index Committee announced changes to the S&amp;P 100, S&amp;P500, S&amp;P MidCap400, and S&amp;P SmallCap600. Changes happen at the close 15 March 2024.

Super Micro Computer (SMCI US) and Deckers Outdoor (DECK US) replace Zions Bancorporation (ZION US) and Whirlpool Corp (WHR US) in the S&amp;P500. 2 changes to 400, 6 to 600.
The immediate reaction was to send SMCI up 12.5%. That's shortsighted. It pays to count the pennies involved. There are a LOT of pennies.


S&P 500/400/600 Index Rebal - It's Not The Trade You Think

White Brook Capital’s Thoughts and Views, White Brook Capital

White Brook Capital

White Brook Capital’s Thoughts and Views

White Brook Capital LLC is a socially responsible, investment advisory firm founded in 2016, based in Chicago. The Company invests separately managed accounts and manages the White Brook Capital Partners fund for qualified investors

Equity Bottom-Up

<ul><li>2024 was a forgettable year for White Brook Capital’s middle capitalization focused fund.</li><li>Our fortunes have reversed so far in 2025 as several of our portfolio companies have preannounced 4th quarter results and given constructive 2025 guidance.</li><li>We’ve had a good first 3 weeks of 2025 and are looking forward to a much better year.</li></ul>

2024 was a forgettable year for White Brook Capital’s middle capitalization focused fund.Our fortunes have reversed so far in 2025 as several of our portfolio companies have preannounced 4th quarter results and given constructive 2025 guidance.We’ve had a good first 3 weeks of 2025 and are looking forward to a much better year.

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

<ul><li>Box, Inc. recently reported its first-quarter fiscal 2025 results, which presented a mixed picture of the enterprise content management and storage company's performance and strategic trajectories.</li><li>Here’s a succinct summary of the core facets of the results and an investment thesis based on the details provided.</li><li>Starting with the positive aspects, Box, Inc. achieved a revenue growth rate of 5% year-over-year, with an 8% increase on a constant currency basis, indicating a resilient top-line growth despite overarching economic pressures.</li></ul>

Box, Inc. recently reported its first-quarter fiscal 2025 results, which presented a mixed picture of the enterprise content management and storage company's performance and strategic trajectories.Here’s a succinct summary of the core facets of the results and an investment thesis based on the details provided.Starting with the positive aspects, Box, Inc. achieved a revenue growth rate of 5% year-over-year, with an 8% increase on a constant currency basis, indicating a resilient top-line growth despite overarching economic pressures.

Box Inc.: Strategic Transition From Cloud Storage To Collaboration Tools! - Major Drivers

<ul><li>Last night Bloomberg’s Mark Gurman reported that in exchange for OpenAI’s position in MacOS, IOS, and iPadOS, Apple would pay OpenAI nothing. </li><li>To level set, earlier this week, Apple unveiled their implementation of artificial intelligence, branded “Apple Intelligence”.</li><li>Apple Intelligence separates itself from Google’s Gemini and OpenAI’s ChatGPT by identifying and addressing user queries that contain personal information, but for capabilities it isn’t capable of performing, asking for user permission, and outsourcing the request to OpenAI’s ChatGPT, anonymously. </li></ul>

Last night Bloomberg’s Mark Gurman reported that in exchange for OpenAI’s position in MacOS, IOS, and iPadOS, Apple would pay OpenAI nothing. To level set, earlier this week, Apple unveiled their implementation of artificial intelligence, branded “Apple Intelligence”.Apple Intelligence separates itself from Google’s Gemini and OpenAI’s ChatGPT by identifying and addressing user queries that contain personal information, but for capabilities it isn’t capable of performing, asking for user permission, and outsourcing the request to OpenAI’s ChatGPT, anonymously. 

Chat GPT Makes as Foolhardy a Bet as Apple does a Genius One

<ul><li>Box, Inc.'s financial performance for the Fourth Quarter and Fiscal Year 2024 was marked by both achievements and challenges.</li><li>The company reported revenues of $263 million, up 2% year-over-year or 4% in constant currency, reflecting positive momentum in their core markets.</li><li>Despite persistent macroeconomic pressures on IT budgets throughout FY '24, Box displayed stability by delivering margin expansion, which underlined their strategic execution of cost cutting initiatives while simultaneously making room for long-term sustainable revenue growth.</li></ul>

Box, Inc.'s financial performance for the Fourth Quarter and Fiscal Year 2024 was marked by both achievements and challenges.The company reported revenues of $263 million, up 2% year-over-year or 4% in constant currency, reflecting positive momentum in their core markets.Despite persistent macroeconomic pressures on IT budgets throughout FY '24, Box displayed stability by delivering margin expansion, which underlined their strategic execution of cost cutting initiatives while simultaneously making room for long-term sustainable revenue growth.

Box Inc.: Can The Crooze Acquisition Completely Transform Its Growth Story? - Key Drivers

United States

Box, Inc. develops internet applications software. The Company operates a content sharing platform that enables users to share, access, and manage content in the cloud, as well as provides mobile access, online file storage, and online collaboration solutions. Box serves customers worldwide.

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Box Inc Class A (BOX US)

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52-week Range

Market Cap (USDm)

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S&P 500/400/600 Index Rebal - It's Not The Trade You Think

​The S&P DJI Index Committee announced the March index rebals. Everybody is looking at SMCI because it has run hard til now. That's missing the...

Travis Lundy

WBC Partners Position Overview

Our fortunes have reversed so far in 2025 as several of our portfolio companies have preannounced 4th quarter results and given constructive 2025...

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Box Inc.: Strategic Transition From Cloud Storage To Collaboration Tools! - Major Drivers

Box, Inc. recently reported its first-quarter fiscal 2025 results, which presented a mixed picture of the enterprise content management and...

Baptista Research

Chat GPT Makes as Foolhardy a Bet as Apple does a Genius One

Last night Bloomberg’s Mark Gurman reported that in exchange for OpenAI’s position in MacOS, IOS, and iPadOS, Apple would pay OpenAI nothing.

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Box Inc.: Can The Crooze Acquisition Completely Transform Its Growth Story? - Key Drivers

Box, Inc.'s financial performance for the Fourth Quarter and Fiscal Year 2024 was marked by both achievements and challenges. The company reported...

Baptista Research

The S&P DJI Index Committee announced the March index rebals. Everybody is looking at SMCI because it has run hard til now. That's missing the...