Sam Rahman

The S&P June rebalance was announced June 5 and the Hedgeye Index Adds ETF $ADDS had 5 names hit across all three indices: S&P 500, MidCap 400, and SmallCap 600. Full details below. For important investor information, including prospectus, current holdings and risk considerations, visit: hedgeyeam.com/adds

@heykayadams That “green and pleasant land” H/t - William Blake

England.

@SamofAmerica @KeithMcCullough Glad we added $PANW and security stocks to the long side in February as part of our agent layer research paper and industry dive!

The machine did a great job catching the signal strength on all these security software stocks a couple of months ago Since then they have been on fire - the market views them as AI winners On $GS, they had blowout trading revenues and the banking business will be very strong this year Will be a tough comp next year, but that’s a career away!

Sam @SamofAmerica , you know my machine likes your $PANW pick - how about this Goldman $GS move? Still like up here?

@KeithMcCullough Yes - when those trend breaks happen, it usually leads to a sale, and TER was sold out last week

$TER broke TRADE and TREND (which is even worse) @SamofAmerica

$MSFT Satya becoming more and more vocal about hyperscalers being the enterprise “defense layer” from AI model providers. I do agree with him that the hyperscalers are the natural orchestration layer, at the same time it seems every big tech CEO has become more vocal. The AI race has become a capital race and stock price matters now.

@SamofAmerica @RPKent thanks for doing Friday's show, learnt a lot on current macro

1 in 4 stocks in the S&P 500 are too small to be large caps. 125 of 503 no longer fit. The index doesn't kick you out for shrinking.

There are more Private Equity funds in America than there are McDonald's. Verdad Advisers Founder and Managing Partner Dan Rasmussen on why PE is a leveraged play in disguise, and what's coming next. 0:00 Verdad = Truth: Rasmussen on What Institutions Don't Want to Hear 2:49 Private Equity Is Levered Microcaps With Marks You Never See 6:49 Private Credit Cracked. Private Equity Is Subordinated to It. 8:31 The Roll-Up Substrate: More PE Funds Than McDonald's 13:40 Public Library Roll-Ups and the Last Gasp of the Desperate 14:51 Endowments Have Zero Skepticism. Retail Investors Do. 16:45 Private Equity Is Roughly the Size of India 18:20 Volatility Laundering and the Japan Correlation Trick 22:00 Beyond Meat Is Still Marked at $10 Billion Inside Private Equity 25:13 Sponsor on Sponsor Violence: The Coming PE Bloodbath 26:30 Larry Summers Called Japan a Nursing Home. Rasmussen Says He's Wrong. 30:20 Japan's 2023 Corporate Governance Reform Is Real, Cheap, and Getting Better 39:01 Bubble Signals, Small Cap Cycles, and Why AI's Real Winners Aren't the Mag 7

@JoW1931140 @HedgeyeAM I appreciate your post, Jo

@HedgeyeAM @SamofAmerica i was blessed to be born in the USA. i tear-up reading your post, watching naturalization ceremonies, etc. thank you

If you’re wondering why all of a sudden Mark Zuckerberg and meta executives are all on X now They are trying to change the narrative on the company so they don’t get hit too hard when they announce their $250 billion capeX guide on earnings later this month

@HedgeyeComm lol! Freebird is back talking smack!

Why shouldn't $META be the most valuable company in the world?!

What HAM Portfolio Managers Are Watching This Week app.hedgeye.com/insights/18442… via @HedgeyeAM

@owlowe1 Appreciate it!

@SamofAmerica Thanks for that Early Look this morning. I too have been thinking about the current problems with American Capitalism. It reminded me of this book. If you haven’t read, I highly recommend.

@MarketsAndMore_ @KeithMcCullough Thank you!

@SamofAmerica @KeithMcCullough Sam seems like a genuine and smart man who shows true character!

Easily one of the best investing minds I've worked with (and I've worked with a lot of really good investors) @SamofAmerica

@JDMMIG @KeithMcCullough Thank you!

@SamofAmerica @KeithMcCullough Enjoyed the Early Look and reading about your path to US citizenship!

@SamofAmerica A great Early Look message this morning, Sam. Our family does our part to make capitalism better. We have donated 10% of our Net Income for decades to humanitarian focused charities. The one of highest priority is the one at the top of my profile.

@j49576 #Respect 🫡