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PUBLICATION RECORD

Everything published.

Every note the firm has published, with the reference it was filed under and the position it disclosed on the day it went out.

References run in sequence from SER-0001 and are never reused, so a gap in this table would be visible. Nothing published has been withdrawn or quietly revised. What each note concluded is in the note, where its conditions are attached to it.

RefPublishedNoteTypePosition held
SER-000719 Aug 2026Carnival Corporation: the recovery is priced in, the re-rating isn't
NYSE: CCL · Initiation
ValuationLong
SER-000611 Aug 2026Flutter Entertainment plc: a global compounder navigating a contained shift
NYSE: FLUT · Position Review
ValuationLong
SER-00058 Aug 2026Intel Fab Watch, Issue 02: building and subtracting at the same time
NASDAQ: INTC
MonitorLong
SER-00046 Aug 2026Uber Technologies, Inc.: pricing 6% growth into a 20%+ compounder
NYSE: UBER · Research Note
ValuationLong
SER-000317 Jul 2026Intel Fab Watch, Issue 01: the baseline issue
NASDAQ: INTC
MonitorLong
SER-00028 Jul 2026Adobe: results keep improving, the multiple keeps falling
NASDAQ: ADBE · Initiation
ValuationLong
SER-00015 Jul 2026Flutter Entertainment plc: a sum-of-the-parts case for a contrarian long
NYSE: FLUT · Research Note
ValuationLong

7 notes, 5 Jul 2026 to 19 Aug 2026. This table is built from the notes themselves, so it cannot disagree with them.

What the two types mean

Valuation — the note puts a number on the company and argues a position. The figures are the arithmetic consequence of the assumptions stated beside them, not forecasts or targets.

Monitor — the note tracks developments and explains their mechanics, and offers no view on the price or value of any security at all.

Why the position is on this page

Because a reader is entitled to know the firm had money behind the argument, and which way, before weighing it — and to be able to see that across everything published rather than one note at a time.

A position shown here was accurate on the day that note published. It may have changed since, without notice. What follows from that is set out under disclosures, and the firm's regulatory status is stated in full.