Letters by company
Oracle CORP
22 letters discussing ORCL. Everything written about it on this site is on its ticker page.
- Mar Vista Investment Partners U.S. Quality Portfolio Commentary Mar Vista’s U.S. Quality strategy added to NVIDIA, trimmed Apple and exited Oracle after its valuation reduced the margin of safety. The portfolio favors AI infrastructure beneficiaries and businesses that can improve productivity through AI, while taking greater caution on rates, energy costs and elevated market valuations. third quarter 2026 AAPL $4.9TMSFT $3.9TNVDA $5.8T
- Stone Sentinel Capital Risk before reward: Q226 letter to partners Stone Sentinel Capital argues that unpopular stocks offer lower expectations and greater downside protection than crowded AI beneficiaries, whose capital spending may outrun sustainable demand. The portfolio added Marex on its clearing-market advantages, while retaining Ascentech and Protasco despite market skepticism over their operating results and valuations. Year-to-date as of June 30 2026 MRX $5.4BAMZN $2.7TGOOGL $4.2T
- Nightview Capital Q2 2026 Investor Letter Nightview Capital added to Salesforce and ServiceNow, initiated Atlassian, and held Autodesk steady on the view that systems of record, switching costs, distribution and AI integration protect strong software franchises. It exited Meta, Intuitive Surgical, Shopify and EchoStar, added gaming and hospitality exposure, and rotated financials toward BlackRock and Charles Schwab. Q2 2026 ADSK $46BCRM $183BLVS $24B
- Financial Synergies Wealth Advisors Q2 Newsletter Financial Synergies argues that private credit, structured notes and private real estate can supplement stocks and bonds to improve retirement income and diversification. The firm also describes a diversified 1031-exchange real estate solution and reviews an AI-led equity rally, oil-driven inflation concerns and the outlook for rates. Q2 2026 AMZN $2.7TGOOGL $4.2TMETA $1.9T
- Auxier Asset Management Auxier Report: Summer 2026 Auxier Focus Fund favored AI-infrastructure suppliers including Corning, Nvidia and Dell while warning that debt-funded data-center expansion, leverage and concentrated momentum exposure could reverse sharply. The portfolio also emphasized durable franchises such as Mastercard, Visa, Bank of New York Mellon, Philip Morris and Alphabet, and cited operational AI savings at UnitedHealth and other insurers. Second Quarter 2026 AMZN $2.7TBNY $3.4BDELL $368B
- Riverwater Partners Laying the Tracks: The AI Buildout and Small Cap Opportunity Riverwater Partners argues that the AI data-center buildout shifts small-cap opportunity toward electrical infrastructure, cooling, construction, connectivity and power generation suppliers. It is building positions in quality businesses with durable demand and pricing power, while warning that circular financing, rising funding costs and hyperscaler capex pauses could expose late-cycle suppliers. Q2 2026 AMZN $2.7TGOOGL $4.2TMETA $1.9T
- Oakmark Funds The certainty trap Oakmark’s fixed-income team favors Meta and Oracle bonds as AI exposure with several paths to value, recurring cash flows and resilient credit profiles. It also owns select single-tenant data-center bonds while avoiding highly leveraged NeoCloud issuers whose economics depend on sustained compute-demand strength. 2Q 2026 META $1.9TORCL $439B
- Distillate Capital 2026 Q2 Letter to Investors: Momentum Distillate Capital argues that AI-linked valuations have outrun free-cash-flow gains as hyperscaler spending shifts profits to semiconductor suppliers and deferred depreciation, stock compensation, off-balance-sheet financing and circular deals obscure economics. It favors systematically rebalanced, high-quality cheap stocks, citing Accenture, and plans new long/short vehicles amid extreme valuation dispersion. 2026 Q2 ACN $118BAMZN $2.7TAVGO $1.8T
- CrossingBridge Advisors Q2 2026 Commentary - To Infinity and Beyond CrossingBridge argues that AI infrastructure resembles earlier innovation booms where real technological progress coexisted with overbuilding and poor investor outcomes. The firm favored Polar DC, Oracle, Warner Bros. Discovery, Spirit Airlines and 888 Acquisitions credit, while increasing investment-grade exposure, reducing high yield and preserving liquidity. Q2 2026 ORCL $439BTSLA $1.5TWBD $78B
- Vision Capital Fund Vision Capital Fund - 2025 Annual Letter Vision Capital Fund added Sea Limited after its selloff, backing Shopee’s regional e-commerce scale, Monee’s lending data and recovering Garena cash generation. It added to nine existing holdings during the drawdown, avoided memory makers, Oracle and neoclouds over cyclicality, concentration and capital-intensity concerns, and capped direct AI exposure at TSMC and NVIDIA. 2025 SE $57BCRWV $46BMU $1.2T
- Artisan Partners Artisan Global Opportunities Fund Quarterly Commentary Artisan Global Opportunities Fund added RTX, Capital One, Somnigroup, L3Harris and BAE Systems while exiting several Garden investments whose theses were not progressing. The portfolio emphasizes health care franchises, defense suppliers and AI infrastructure beneficiaries, while maintaining valuation discipline around Oracle and reducing Netflix, Snowflake and Boston Scientific. Q4 2025 ARGNF $59BBAESY $72BBSX $61B
- Artisan Partners Artisan Global Opportunities Fund Quarterly Commentary Artisan Global Opportunities Fund added Spotify, L3Harris Technologies, Insmed, 3i Group, West Pharmaceutical and Amazon, elevating Amazon to its largest position. It exited Atlassian, Adidas and Vertex Pharmaceuticals, trimmed several software and health care holdings, and shifted technology exposure toward AI infrastructure beneficiaries while retaining conviction in selected health care franchises. Q3 2025 ADDDF $28BAMZN $2.7TARGNF $59B
- O'Keefe Stevens Advisory Quarterly Investor Letter Q3 2025 O'Keefe Stevens Advisory cautions that AI and crypto enthusiasm has pushed parts of the market toward speculative pricing while retaining exposure to capital-light infrastructure beneficiaries such as Corning and NVIDIA. The firm sold Donnelley Financial, Lazard and Capstone Copper, started Topgolf Callaway Brands, and found Compass Minerals' new management focused on maintenance, safety and capital discipline. Q3 2025 GLW $136BCMP $964MCSCCY $11B
- TIFF Investment Management 3rd Quarter 2026 CIO Commentary TIFF increased AI-related passive equity exposure during July's weakness while retaining an underweight stance toward semiconductor exposure. It raised bond duration after Treasury yields reached long-term highs, added specialist public-equity and diversifier managers, and continued sourcing private-market opportunities through independent sponsors. 3rd Quarter 2026 —
- Mar Vista Investment Partners U.S. Quality Premier Portfolio Commentary U.S. Quality Premier initiated StandardAero and exited Oracle after its appreciation reduced the margin of safety. The portfolio favors AI infrastructure suppliers including Microsoft and NVIDIA, while expecting Mettler-Toledo to benefit from AI-enabled pharmaceutical research. Mar Vista grew more cautious on market valuations, rates and energy costs. third quarter 2026 GEV $274BMSFT $3.9TMTD $31B
- Andvari Associates Andvari's Q2 2026 Letter Andvari argues that Constellation Software, Tyler Technologies and S&P Global retain durable advantages while cloud conversion, transaction revenue and the Mobility Global spinout create further value drivers. It adds Amazon, Microsoft, Texas Instruments and Martin Marietta but underweights AI infrastructure, warning that excessive capital investment, circular financing and competition could erode returns. Q2 2026 AMZN $2.7TCNSWF $43BMBGL $5.3B
- O'Keefe Stevens Advisory Quarterly Investor Letter Q1 2026 O'Keefe Stevens Advisory kept cash as its largest position, sold Alibaba and Tri Pointe Homes, and trimmed Corning as valuations and AI spending risks widened. The firm initiated Baxter, added to Perrigo and Weyerhaeuser, and argues that security-specific dislocations, rather than macro calls, should govern redeployment. Q1 2026 BABA $270BBAX $13BCALY $2.5B
- Broadleaf Partners Growth Equity Portfolio Fourth Quarter Review Broadleaf Growth Equity Portfolio retained its long-term growth posture despite AI-spending concerns, arguing that productivity gains can extend beyond the largest technology platforms without requiring their decline. The portfolio sees AI capital expenditure, credit availability and security investment as durable themes, while relying on sell discipline rather than a wholesale shift toward defensiveness. Q4 2025 —
- Giverny Capital Annual Letter to our Partners 2025 Giverny Capital sold CarMax after its turnaround faltered and exited Fiserv after leadership changes, weakened guidance and balance-sheet concerns raised risk. The firm retained Constellation Software, arguing its niche vertical software, embedded customer data and acquisition model remain resilient despite AI fears. It cautioned that AI infrastructure spending may produce poor early-investor economics. 2025 CNSWF $43BCNI $72BFISV $24B
- Weitz Investment Management Letter to Shareholders: Value Matters Weitz Investments kept portfolios focused on steady earners with understandable long-term prospects rather than the AI market leaders. It argues that Salesforce, Constellation Software and Accenture can benefit from bringing AI to business users, while Danaher and Thermo Fisher retain durable life-sciences prospects despite policy and funding disruptions. third quarter 2025 ACN $118BCNSWF $43BCRM $183B
- Palm Valley Capital Third Quarter 2025 Commentary Palm Valley Capital Fund kept roughly three quarters of assets in cash equivalents while arguing that AI-led mega-cap valuations and small-cap multiples leave little margin for error. It added Teleflex, Robert Half, LKQ, and Avista, sold Seaboard after shares exceeded its valuation, and trimmed precious-metals trusts to manage their weightings. Third Quarter 2025 NVDA $5.8TAVA $3BDOX $6.1B
- Horizon Kinetics Annual Review: The Three Really Big Things Edition Horizon Kinetics argues that AI data-center expansion creates underappreciated demand for natural gas, water and strategically located Permian Basin land. It defends concentrated holdings in Texas Pacific Land, LandBridge and Bitcoin as long-duration assets positioned to benefit from resource scarcity, monetary debasement and institutional adoption. 4th Quarter 2024 TPL $24BLB $6.6BMETA $1.9T
