Letters by company

Shift4 Payments, Inc.

2 letters discussing FOUR. Everything written about it on this site is on its ticker page.

Marram Investment Management 2025 4th Quarter Letter Marram trimmed Fifth Third, initiated Oneok and added to Plains All American while moderating regional-bank exposure as valuations expanded and underwriting loosened. It exited AvidXchange and BILL, reduced Paysafe, and shifted payment-technology capital toward PayPal, Shift4 and Paymentus, citing durable cash-flow growth despite valuation compression. 2025 4th Quarter FITB $45BFOUR $3.1BPAY $4B
Marram Investment Management 2025 3rd Quarter Letter Marram harvested gains in large financials, exited First Horizon and trimmed Regions as valuations expanded and underwriting standards eased. It reinvested proceeds into PayPal, Shift4 and a diversified biopharma basket built around ETFs, clinical-research services and biosimulation software, while emphasizing a disciplined research wishlist and liquidity for future opportunities. 2025 3rd Quarter —