Precision Driven.
Conviction-Led.
Deep Fundamental | Quantitative | Alternative
Featured Equity: BABA · LONG · PT: $153· July 17, 2025
AI Flywheel.
Merchant OS.
Macro Reopening.
Alibaba (NYSE: BABA) isn’t the same company it was a year ago. Under the hood, a reinvention is underway—one that rewires the platform from a GMV-driven marketplace to an AI-native operating system for China’s digital economy. AliBoost, its GMV-optimized recommendation engine, is compounding interaction-level monetization and merchant engagement. Meanwhile, enterprise adoption of Alibaba’s AI tooling—from demand forecasting to logistics orchestration—is creating SaaS-style lock-in across the ecosystem. Add in U.S.–China tech thaw signals (H20 chip approvals, strategic rare earth leverage), and the table is set. This isn’t about e-commerce anymore—it’s about software, infrastructure, and the re-rating of China’s most embedded digital platform.
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Featured Equity: LULU · LONG · PT: $417 · June 30, 2025
Technical Leadership.
Global Runway.
Quantified Mispricing.
Lululemon (NASDAQ: LULU) is evolving from a domestic growth story into a globally monetized, performance-led platform. Strategic product innovation, disciplined expansion, and full-price sell-through momentum reinforce its long-term margin durability. Our VANTAGE Model — a proprietary multi-factor engine — has identified LULU as structurally mispriced, flagging a high-conviction inflection zone overlooked by traditional coverage. This alignment of fundamentals and quantitative strength supports our case for a sustained re-rating.
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Featured Equity: FND · LONG · PT: $99 · June 5, 2025
Structural Tailwinds.
Pro Flywheel.
Housing Rotation.
Shelke Global Research believes the market underestimates Floor & Decor’s positioning amidst a perfect storm of industry consolidation, aging housing stock, and Pro customer margin leverage. FND is poised for a multi-year beat-and-raise cycle with downside insulation and recurring demand.
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Featured Equity: AAP · LONG · PT: $57 · April 25, 2025
Restructuring Leverage.
Rural Defensibility.
Quantitative Divergence.
Advance Auto Parts (NYSE: AAP) is transitioning from operational entropy to precision. While markets remain anchored to management missteps and store closures, we believe the real story lies beneath: sweeping cost rationalization, rural market strength through Carquest, and embedded demand from aging vehicle fleets. Our proprietary VANTAGE model has flagged AAP as a statistically mispriced asset, driven by narrative dislocation and overlooked margin optionality. The convergence of restructuring execution and durable maintenance tailwinds supports a medium-term re-rating.
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Featured Equity: FNKO · SHORT · PT: $8.87 · October 11, 2024
Licensing Dependence.
Retail Friction.
Demand Decay.
Funko, Inc. (NASDAQ: FNKO) became a major player in the collectibles market through Pop! Vinyl and heavy licensing. However, management turnover, lost licenses, falling retail support, and declining search/sales trends suggest deeper cracks in demand. Our thesis flags material downside risk as the brand loses traction and margin flexibility.
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