A Hedge Fund Analyst Christmas List

A list of the best free and paid resources for professional investors

The Bear Cave spent dozens of hours finding the best resources for professional investors. None of these are paid endorsements and we receive no affiliate commissions; this list is based solely on our experience using the products and user reviews. Happy Holidays!

A+ Free Resources

1. SEC Full-Text Search — Search through 20 years of SEC filings for specific terms, people, or entities (explainer video here)

2. PCAOB Auditor Search — Find the auditor and specific audit partner for any company, as well as their track record (explainer video here)

3. Twitter — Many great accounts on Twitter share high-quality research if you know where to look. This list is our top 100. Four must-follow Twitter accounts are: Post Market, Bucco Capital, Prepared Remarks, and Raging Capital Ventures

4. “The Makings of a Multibagger” — Case studies on 104 of the best performing companies over the last five years and their common characteristics, trends, and catalysts

5. IBorrowDesk — Website with borrow rates and short availability on any stock

6. ShortSqueeze — Data on short interest

7. OpenInsider — Tracks insider purchases and sales

8. Roic.ai — 30 years of financial data on any company

9. r/SecurityAnalysis — Wide collection of hedge fund investor letters

10. Dataroma — Shows portfolios of hedge funds

11. Doomberg — If ZeroHedge married a Bloomberg terminal. Fun articles on commodities, crisis, incompetence, and doom

12. 10x EBITDA — A compilation of every hedge fund activist presentation

A+ Paid Resources

1. Tegus — An awesome database that lets you find dozens of expert network calls on any company in seconds. Great for learning about any new company/industry. I am personally obsessed with Tegus and any hedge fund without it is at a major disadvantage. Follow on Twitter for more info. ($$$)

2. TheTikr — A super convenient tool for financial data, earnings calls, or stock screener for every public company. Incredibly easy to use. (Lots of free content and a new $180/year tier)

3. Bedrock AI — Cool software that extracts hard-to-find red flags from SEC filings. Early-stage, but it is neat ($$)

4. Neckar Value — Awesome newsletter with A+ investor profiles and general articles (Lots of free content, paid tier is $120/year)

5. @AndrewRangeley — Awesome podcast with underfollowed investors sharing off-the-beaten-path ideas. Also, a great newsletter on SPACs/markets. (Podcast is free. The newsletter is $500/year)

6. hhhypergrowth — Best newsletter on fast-growing technology. Hhhypergrowth shows a depth of understanding that exceeds institutional research and is very consumable for a layman ($500/year)

Other Great Free Resources

1. PACER — Find lawsuits against any company or individual

2. Glassdoor — Great way to search for ex-employee reviews of corporate culture

3. Quartr App — App that lets you listen to recordings of any earnings call

4. “A Perspective on Leadership and Strategy” — Lecture from Andrew Clyde, CEO of Murphy USA (NYSE: MUSA), on capital allocation and business

5. “Confessions of a Capital Junkie” — Widely respected presentation by the late Sergio Marchionne on the automotive industry's value-destroying addiction to capital

6. VisualPing — Track changes made to any website

7. SocialBlade — Track social media growth of a company

8. SEC Chairman Gensler Explains SPACs — Great three-minute explainer on SPACs

9. SiteJabber — Wide collection of consumer reviews for online businesses

10. TrustPilot — Consumer review site

11. BBB — A non-profit consumer review and business accreditation site

12. “Financial Fraud Throughout History: a Forensic Approach” — Jim Chanos’ Yale class syllabus

13. Google Trends — Long term trends in search volume for certain terms on Google

14. FOIA.gov — Explains how to use the Freedom of Information Act to get government records

15. CamelCamelCamel — Amazon price tracker

16. Zer0es TV — Free interviews with great investors and short-sellers

17. ListenNotes — Search all podcast transcripts for any word or phrase. Great for discovering industry-specific podcasts/experts

18. ValueInvestorsClub — Public platform to share stock write-ups

Other Great Free Newsletters

1. The Technology Letter — Great interviews with the CEOs/CFOs of major tech companies

2. Bison Interests — Great commentary on the oil and gas industry

3. Exploring with Alluvial Capital — Dave Waters shares great microcap research

4. Value Situations — Special situations and value investing ideas

5. Adventures in Capitalism — Harris Kupperman, CIO of Praetorian Capital, shares ideas

6. Keubiko’s Musings — Amazing articles on retail fallacies and frauds

7. French Hidden Champions — Write-ups on publicly traded small caps in France

8. Cloud Valley — Great investor biographies

9. Sleepwell — Great write-ups on tech and society

10. TheStockNovice — Wicked smart tech investor sharing monthly portfolio updates

11. Blind Squirrel — Monthly in-depth article on a high-quality business

12. Richard Chu — Great occasional write-ups on emerging tech companies

13. IPHawk — Everything about patents and IP

14. MicroValue — Great microcap stock and special situation research

15. MicroCapLetter — Great microcap and OTC writeups

Other Great Paid Resources

1. InsiderScore — Track and screen management changes, auditor changes, buybacks, and insider buying ($$)

2. Petition — The must-read newsletter for any distressed debt investor ($499/year)

3. TSOH Investment Research — Shares long-term high-quality “compounder” stock ideas ($349/year)

4. InPractise — Exploring quality companies through interviews with operators ($480/year)

5. The Diff — Covers inflections in tech and finance and the author is wicked smart ($220/year)

6. Stock Spin-Off Investing — Great newsletter with monthly stock spin-off picks ($629/year)

7. MicroCapClub — The best community to share and read quality microcap ideas ($497/year)

8. Net Interest — Weekly newsletter on financial sector themes ($250/year)

9. The Takeover Stock Report — All-encompassing database of public mergers and acquisitions with dates, approvals, commentary. Great for merger-arb/event-driven investors ($10,000/year)

10. Asian Century Stocks — Great deep-dives on Asian equities ($299/year)

11. DJY Research — Great in-depth research on Asian equities ($360/year)

12. Mostly Borrowed Ideas — Once a month deep-dives on large public companies ($100/year)

13. Snowball Research — Small-cap value/activist related research ($$$)

The Bear Cave will be back in early January 2022 with more deep-dive investigations for paid subscribers. And if you enjoyed this list, you may like Sunday’s Idea Brunch — my weekly newsletter where emerging hedge fund managers share their best ideas and details about their investment process ($70/year with some free content). It was described as “too valuable not to share.” Thank you all for your support!

Happy holidays,

Edwin