Investment Advisor, Upslope Capital Management

Upslope Capital Management

Investment Advisor

Investment advisor for Upslope Partners Fund, LP, a global long/short equity hedge fund.

Equity Bottom-Up

<ul><li>Q1 was challenging. However, in the two weeks since Mar 31, the world has changed, owing to an intense realignment of global trade policies.</li><li>This has swiftly aligned markets more with Upslope’s portfolio and approach.</li><li>April-to-date performance1 has been strong (approx. +7%), leaving the Fund +2% YTD (vs. -12% for the S&amp;P Midcap 400).</li></ul>

Q1 was challenging. However, in the two weeks since Mar 31, the world has changed, owing to an intense realignment of global trade policies.This has swiftly aligned markets more with Upslope’s portfolio and approach.April-to-date performance1 has been strong (approx. +7%), leaving the Fund +2% YTD (vs. -12% for the S&amp;P Midcap 400).

Upslope's Quarterly Investor Letter: 2025-Q1

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>The Hershey Company recently reported its fourth-quarter 2024 earnings, revealing various elements influencing its financial performance and outlook.</li><li>The company addressed challenges such as elevated cocoa prices, sustaining growth despite market pressures, and strategically managing its product line.</li><li>Hershey has been proactive in handling cocoa price volatility through hedging, allowing it to avoid paying market prices immediately.</li></ul>

The Hershey Company recently reported its fourth-quarter 2024 earnings, revealing various elements influencing its financial performance and outlook.The company addressed challenges such as elevated cocoa prices, sustaining growth despite market pressures, and strategically managing its product line.Hershey has been proactive in handling cocoa price volatility through hedging, allowing it to avoid paying market prices immediately.

The Hershey Co: Can Pricing Power and Innovation Keep Profits Sweet?

<ul><li>The confectionery industry was abuzz recently as news broke that Mondelez International (MDLZ) had approached Hershey (HSY) about a potential acquisition.</li><li>Hershey’s stock surged by 14%, reflecting investors’ optimism about the possibility of a $50 billion industry giant emerging.</li><li>While neither company confirmed the rumors, the timing is intriguing.</li></ul>

The confectionery industry was abuzz recently as news broke that Mondelez International (MDLZ) had approached Hershey (HSY) about a potential acquisition.Hershey’s stock surged by 14%, reflecting investors’ optimism about the possibility of a $50 billion industry giant emerging.While neither company confirmed the rumors, the timing is intriguing.

Is Hershey the Sweetest Deal for Mondelez? Here’s Why It Could Be the Perfect Acquisition!

<ul><li>The Hershey Company recently discussed its third-quarter 2024 earnings results, with executives addressing various topics spanning from market competition to cost pressures and strategic initiatives.</li><li>The conversation provides insights into both the positive aspects and challenges faced by the company.</li><li>On the positive side, Hershey reported continued resilience in the core chocolate category, maintaining steady growth trends and outpacing other snack categories.</li></ul>

The Hershey Company recently discussed its third-quarter 2024 earnings results, with executives addressing various topics spanning from market competition to cost pressures and strategic initiatives.The conversation provides insights into both the positive aspects and challenges faced by the company.On the positive side, Hershey reported continued resilience in the core chocolate category, maintaining steady growth trends and outpacing other snack categories.

The Hershey Company: Can Its Innovation & Product Portfolio Expansion Up Their Game? - Major Drivers

<ul><li>The Hershey Company's second quarter 2024 earnings report presents a mixed financial landscape, with several key takeaways for investors considering the confectionery giant's market positioning and future outlook.</li><li>Amidst an uncertain economic environment, Hershey has navigated challenges related to supply chain fluctuations, commodity price volatility, particularly in cocoa, and shifting consumer behavior toward value optimization.</li><li>Positively, Hershey's management appears confident about regaining momentum in the second half of the year, supported by strong seasonal order visibility, normalization in retail inventory levels, and promising engagement in marketing and promotional activities.</li></ul>

The Hershey Company's second quarter 2024 earnings report presents a mixed financial landscape, with several key takeaways for investors considering the confectionery giant's market positioning and future outlook.Amidst an uncertain economic environment, Hershey has navigated challenges related to supply chain fluctuations, commodity price volatility, particularly in cocoa, and shifting consumer behavior toward value optimization.Positively, Hershey's management appears confident about regaining momentum in the second half of the year, supported by strong seasonal order visibility, normalization in retail inventory levels, and promising engagement in marketing and promotional activities.

The Hershey Company: Expansion into New Product Categories and Markets & Major Drivers

United States

The Hershey Company manufactures chocolate and sugar confectionery products. The Company's principal products include chocolate and sugar confectionery products; gum and mint refreshment products; and pantry items, such as baking ingredients, toppings and beverages.

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Hershey Co/The (HSY US)

Upslope's Quarterly Investor Letter: 2025-Q1

Q1 was challenging. However, in the two weeks since Mar 31, the world has changed, owing to an intense realignment of global trade policies.

Upslope Capital Management

The Hershey Co: Can Pricing Power and Innovation Keep Profits Sweet?

The Hershey Company recently reported its fourth-quarter 2024 earnings, revealing various elements influencing its financial performance and...

Baptista Research

Is Hershey the Sweetest Deal for Mondelez? Here’s Why It Could Be the Perfect Acquisition!

The confectionery industry was abuzz recently as news broke that Mondelez International (MDLZ) had approached Hershey (HSY) about a potential...

Baptista Research

The Hershey Company: Can Its Innovation & Product Portfolio Expansion Up Their Game? - Major Drivers

The Hershey Company recently discussed its third-quarter 2024 earnings results, with executives addressing various topics spanning from market...

Baptista Research

The Hershey Company: Expansion into New Product Categories and Markets & Major Drivers

The Hershey Company's second quarter 2024 earnings report presents a mixed financial landscape, with several key takeaways for investors...

Baptista Research

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