1
Microsoft Corporation
MSFT · US
Microsoft: Azure Demand Is Real and the Moat Is Intact, but 393 USD Already Prices a Clean Conversion of the 190 Billion USD Capex Wave Jul 29, 2026 Hold
67 /100
Strong
Jul 29, 2026
2
NVIDIA Corporation
NVDA · US
NVIDIA: Demand Has Broadened Beyond the Hyperscalers, but Its Funding Base Has Not, and 197 USD Already Prices Continued Excellence Jul 29, 2026 Hold
66 /100
Strong
Jul 29, 2026
3
Alphabet Inc.
GOOG · US
Alphabet: Search and Cloud Are Both Accelerating, but a 200 Billion Dollar Build Has Turned Free Cash Flow Negative and 333.68 Dollars Already Prices In the Base Case Jul 31, 2026 Hold
65 /100
Strong
Jul 31, 2026
4
Amazon.com, Inc.
AMZN · US
Amazon: AWS Demand and AI Commitments Are Real, but 230.86 USD Still Asks Investors to Fund a 200 Billion USD Capex Cycle Without a Margin of Safety Jul 29, 2026 Hold
62 /100
Medium
Jul 29, 2026
5
Figma, Inc.
FIG · US
Figma: The Platform Role Is Real, but Dilution and the Last Unlock Leave No Margin of Safety Jul 28, 2026 Watch
61 /100
Medium
Jul 28, 2026
6
Atlassian Corporation
TEAM · US
Atlassian In-Depth Research: A Jira-Centered Collaboration and Development Software Platform Jun 12, 2026 Hold
59 /100
Medium
Jun 12, 2026
7
Meta Platforms, Inc.
META · US
Meta Platforms: A Deep Value Investment Study May 19, 2026 Watch
58 /100
Medium
Jun 11, 2026
8
Shopify Inc.
SHOP · US
Shopify: A Commerce Infrastructure Platform May 23, 2026 Watch
56 /100
Medium
Jun 11, 2026
9
argenx SE
ARGX · US
argenx (ARGX.US / ARGX.BR): A Zen Horizon Report Jun 9, 2026 Watch
55 /100
Medium
Jun 10, 2026
10
Sea Limited
SE · US
Sea Limited (SE.US) Zen Horizon Report Jun 9, 2026 Watch
55 /100
Medium
Jun 10, 2026
11
Innovent Biologics, Inc.
1801 · HK
Innovent Biologics: The China Platform Is Real, but the Price Already Pre-Pays the Obesity Curve Jul 28, 2026 Hold
53 /100
Medium
Jul 28, 2026
12
Sika AG
SIKA · SW
Sika AG: Quality Compounder in a Cyclical Air Pocket Jun 27, 2026 Hold
53 /100
Medium
Jun 27, 2026
13
Straumann Holding AG
STMN · SW
Straumann Holding AG: Dental Platform Leader at a Demanding Price Jun 27, 2026 Hold
53 /100
Medium
Jun 27, 2026
14
HEICO Corporation
HEI · US
HEICO Corporation: In-Depth Research Jun 15, 2026 Hold
53 /100
Medium
Jun 15, 2026
15
Baidu, Inc. (百度集团股份有限公司)
BIDU · US
Baidu: A Deep Research Study Jun 12, 2026 Watch
53 /100
Medium
Jun 12, 2026
16
Credo Technology Group Holding Ltd
CRDO · US
Credo (CRDO) Zen Horizon Report Jun 5, 2026 Watch
53 /100
Medium
Jun 10, 2026
17
Apollo Global Management, Inc.
APO · US
Apollo Global Management: A Study of a Compounding Alternative-Asset Platform May 23, 2026 Watch
53 /100
Medium
Jun 11, 2026
18
Zscaler, Inc.
ZS · US
Zscaler: A Long-Term Owner's Perspective May 23, 2026 Watch
53 /100
Medium
Jun 11, 2026
19
ASML Holding N.V.
ASML · US
ASML Holding NV: A Long-Term Business Owner's Perspective May 20, 2026 Watch
53 /100
Medium
Jun 10, 2026
20
Kaspi.kz JSC
KSPI · US
Kaspi.kz: A Deep-Value Investment Study May 18, 2026 Watch
53 /100
Medium
Jun 11, 2026
21
Oracle Corporation
ORCL · US
Oracle Corporation Jul 28, 2026 Hold
52 /100
Medium
Jul 28, 2026
22
Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
300760 · Shenzhen
Mindray Bio-Medical: The Transition Is Real, But So Is the Price Tag Jul 19, 2026 Hold
52 /100
Medium
Jul 19, 2026
23
GSK plc
GSK · US
GSK plc: Rebuilt Biopharma, Racing the Patent Cliff Jun 27, 2026 Hold
52 /100
Medium
Jun 27, 2026
24
Constellation Software Inc.
CSU · Tokyo
Constellation Software: A Compounding Machine at a Full Price Jun 17, 2026 Hold
52 /100
Medium
Jun 18, 2026
25
On Holding AG
ONON · US
On Holding: Premium Growth, Priced for Perfection Jun 17, 2026 Hold
52 /100
Medium
Jun 18, 2026
26
Reddit, Inc.
RDDT · US
Reddit Deep Dive Jun 15, 2026 Hold
52 /100
Medium
Jun 15, 2026
27
Tokyo Electron
8035 · TSE
Tokyo Electron Deep Dive Jun 3, 2026 Hold
52 /100
Medium
Jun 10, 2026
28
Corpay, Inc.
CPAY · US
Corpay: A Value Investing Deep Dive May 29, 2026 Watch
52 /100
Medium
Jun 10, 2026
29
KKR & Co. Inc.
KKR · US
KKR: A Value-Investing Deep Dive May 26, 2026 Watch
52 /100
Medium
Jun 11, 2026
30
Ares Management Corporation
ARES · US
Ares Management: A Deep Dive into the Alternative Asset Management Platform May 23, 2026 Watch
52 /100
Medium
Jun 11, 2026
31
Synopsys, Inc.
SNPS · US
Synopsys: A Long-Term Owner's Perspective May 23, 2026 Watch
52 /100
Medium
Jun 11, 2026
32
Workday, Inc.
WDAY · US
Workday: A Long-Term Owner's Perspective May 23, 2026 Watch
52 /100
Medium
Jun 11, 2026
33
Intuitive Surgical, Inc.
ISRG · US
Intuitive Surgical: A Long-Term Business Owner's Research Report May 22, 2026 Watch
52 /100
Medium
Jun 11, 2026
34
Pop Mart International Group
9992 · HK
Pop Mart: A Deep Long-Term Value Study May 19, 2026 Watch
52 /100
Medium
Jun 11, 2026
35
FUJIMI INCORPORATED
5384 · TSE
Fujimi: The Hidden Champion of CMP and Silicon-Wafer Polishing Materials, but 3,680 Yen Already Prepays a Good Deal of the Next Few Years Jul 29, 2026 Watch
51 /100
Medium
Jul 29, 2026
36
NARI Technology Co., Ltd.
600406 · Shanghai
NARI Technology: Grid-Control Franchise, Quality Already Priced Jun 27, 2026 Hold
51 /100
Medium
Jun 27, 2026
37
Jiangsu Hengrui Pharmaceuticals Co., Ltd.
600276 · Shanghai
Hengrui Pharmaceuticals: A Fortress Innovation Platform, But RMB 50 Already Pays for the Upgrade Jun 26, 2026 Hold
51 /100
Medium
Jun 26, 2026
38
Sartorius AG
SRT3 · XETRA
Sartorius AG: A Quality Bioprocess Recovery Already in the Price Jun 19, 2026 Hold
51 /100
Medium
Jun 19, 2026
39
JFrog Ltd.
FROG · US
JFrog: Software Supply Chain, Priced for Success Jun 17, 2026 Hold
51 /100
Medium
Jun 18, 2026
40
AstraZeneca PLC
AZN · US
AstraZeneca: A Deep Dive Jun 15, 2026 Hold
51 /100
Medium
Jun 15, 2026
41
Hitachi, Ltd.
6501 · TSE
Hitachi: A Deep Dive Jun 14, 2026 Hold
51 /100
Medium
Jun 14, 2026
42
KEYENCE Corporation
6861 · TSE
KEYENCE: In-Depth Research Jun 12, 2026 Hold
51 /100
Medium
Jun 13, 2026
43
Eurofins Scientific SE
ERF · Paris
Eurofins Scientific (Eurofins Scientific SE, ERF.PA) — Zen Horizon Report Jun 8, 2026 Watch
51 /100
Medium
Jun 10, 2026
44
Safran SA
SAF · Paris
Safran SA (SAF.PA) — Zen Horizon Report Jun 8, 2026 Watch
51 /100
Medium
Jun 10, 2026
45
Luckin Coffee, Inc.
LKNCY · US
Luckin Coffee Zen Horizon Analysis: China's Coffee Leader in the Middle of a Valuation Reset Jun 4, 2026 Hold
51 /100
Medium
Jun 10, 2026
46
S&P Global Inc.
SPGI · US
S&P Global: A Long-Term Owner's View May 25, 2026 Watch
51 /100
Medium
Jun 11, 2026
47
Procore Technologies, Inc.
PCOR · US
Procore Technologies: Operating Leverage Finally Shows, but a 16%-of-Revenue Stock-Compensation Bill Leaves 48.82 USD Fairly Priced Rather Than Cheap Jul 30, 2026 Hold
50 /100
Medium
Jul 30, 2026
48
BeOne Medicines Ltd.
ONC · US
BeOne Medicines: A Real Oncology Winner, Already Priced For More Jul 14, 2026 Hold
50 /100
Medium
Jul 14, 2026
49
Akeso, Inc.
9926 · HK
Akeso, Inc.: A Commercial-Stage Antibody Innovator Still Priced on Ivonescimab's Global Option Value Jun 24, 2026 Hold
50 /100
Medium
Jun 24, 2026
50
The New York Times Company
NYT · US
The New York Times: Bundle Economics at Full Value Jun 17, 2026 Hold
50 /100
Medium
Jun 18, 2026
51
HubSpot, Inc.
HUBS · US
HubSpot Deep-Dive Research Jun 15, 2026 Hold
50 /100
Medium
Jun 15, 2026
52
NetEase, Inc.
NTES · US
NetEase, Inc. Deep-Dive Research Jun 15, 2026 Hold
50 /100
Medium
Jun 15, 2026
53
Roblox Corporation
RBLX · US
Roblox Corporation Deep-Dive Research Jun 15, 2026 Watch
50 /100
Medium
Jun 15, 2026
54
MediaTek Inc.
2454 · Taiwan
MediaTek (2454.TW) Zen Horizon Framework Deep-Dive Research Jun 9, 2026 Watch
50 /100
Medium
Jun 10, 2026
55
Nintendo Co., Ltd.
7974 · TSE
Nintendo (7974.T / NTDOY) Zen Horizon Framework Deep Research Jun 9, 2026 Buy
50 /100
Medium
Jun 10, 2026
56
Hexagon AB (publ)
HEXA-B · ST
Hexagon AB (HEXA-B.ST) Zen Horizon Deep-Dive Research Report Jun 9, 2026 Watch
50 /100
Medium
Jun 10, 2026
57
Delta Electronics, Inc.
2308 · Taiwan
Delta Electronics Zen Horizon Framework Deep Dive Jun 4, 2026 Watch
50 /100
Medium
Jun 10, 2026
58
Nasdaq, Inc.
NDAQ · US
Nasdaq Investment Memo May 27, 2026 Watch
50 /100
Medium
Jun 11, 2026
59
Salesforce, Inc.
CRM · US
Salesforce: A Long-Term Owner's View May 25, 2026 Watch
50 /100
Medium
Jun 10, 2026
60
Uber Technologies, Inc.
UBER · US
Uber Technologies Deep Value Research May 25, 2026 Watch
50 /100
Medium
Jun 11, 2026
61
Airbnb, Inc.
ABNB · US
Airbnb Value Investment Deep-Dive May 22, 2026 Watch
50 /100
Medium
Jun 11, 2026
62
Ferrovial NV
FER · US
Ferrovial NV In-Depth Value Research Report May 22, 2026 Watch
50 /100
Medium
Jun 11, 2026
63
Zymeworks Inc.
ZYME · US
Zymeworks: The Molecule Is Proven, the Allocator Is Not Jul 29, 2026 Hold
49 /100
Weak
Jul 29, 2026
64
Saab AB (publ)
SAAB-B · ST
Saab: Europe's Sovereign Defense Franchise Is Real, but the Margin of Safety Is Gone Jul 10, 2026 Hold
49 /100
Weak
Jul 10, 2026
65
Bentley Systems, Incorporated
BSY · US
Bentley Systems: Durable Infrastructure Compounder, Thin Margin of Safety Jun 28, 2026 Hold
49 /100
Weak
Jun 28, 2026
66
XtalPi Holdings Limited
2228 · HK
XtalPi Holdings: An AI-for-Science Platform Climbing from Fee-for-Service Work to Milestone Economics, Still Priced Ahead of Proof Jun 24, 2026 Hold
49 /100
Weak
Jun 24, 2026
67
Merck KGaA, Darmstadt, Germany
MRK · XETRA
Merck KGaA: A Diversified Science Platform in Transition Jun 19, 2026 Hold
49 /100
Weak
Jun 19, 2026
68
Shenzhen Inovance Technology Co., Ltd.
300124 · Shenzhen
Inovance Technology Deep-Dive Research Jun 15, 2026 Hold
49 /100
Weak
Jun 15, 2026
69
Everpure, Inc. (formerly Pure Storage, Inc.)
PSTG · US
Pure Storage: An All-Flash Foundation and the Hyperscaler Narrative Jun 14, 2026 Hold
49 /100
Weak
Jun 15, 2026
70
Celestica Inc.
CLS · US
Celestica Inc. Deep-Dive Research Jun 12, 2026 Hold
49 /100
Weak
Jun 12, 2026
71
PDD Holdings
PDD · US
PDD Holdings Deep-Dive Research Report Jun 2, 2026 Watch
49 /100
Weak
Jun 10, 2026
72
Intercontinental Exchange, Inc.
ICE · US
Intercontinental Exchange from a Long-Term Business Owner's Perspective May 26, 2026 Watch
49 /100
Weak
Jun 11, 2026
73
Copart, Inc.
CPRT · US
Copart Deep Value Investment Analysis May 21, 2026 Watch
49 /100
Weak
Jun 10, 2026
74
Compagnie de Saint-Gobain S.A.
SGO · Paris
Saint-Gobain: A Higher Margin Floor Is Proven, but at 74.16 EUR the Price Sits Above the 64 EUR Conservative Value Jul 29, 2026 Hold
48 /100
Weak
Jul 30, 2026
75
Asana, Inc.
ASAN · US
Asana: Optically Cheap, Strategically Unproven Jun 20, 2026 Watch
48 /100
Weak
Jun 20, 2026
76
WuXi XDC Cayman Inc.
2268 · HK
WuXi XDC: Scaling the ADC Manufacturing Network Jun 17, 2026 Hold
48 /100
Weak
Jun 18, 2026
77
Iridium Communications Inc.
IRDM · US
Iridium: A Global Cash Machine With Option Premium Jun 17, 2026 Hold
48 /100
Weak
Jun 18, 2026
78
Elastic N.V.
ESTC · US
Elastic: Cash Flow Repair in the Search Layer and the Search AI Option Jun 14, 2026 Hold
48 /100
Weak
Jun 15, 2026
79
GitLab Inc.
GTLB · US
GitLab Deep Research Jun 14, 2026 Hold
48 /100
Weak
Jun 14, 2026
80
Prysmian Group
PRY · MI
Prysmian Group (PRY.MI) Zen Horizon Research Report Jun 9, 2026 Watch
48 /100
Weak
Jun 10, 2026
81
Siemens AG / Siemens AG
SIE · XETRA
Siemens AG (SIE.XETRA) Zen Horizon Research Report Jun 9, 2026 Watch
48 /100
Weak
Jun 10, 2026
82
Siemens Energy
ENR · XETRA
Siemens Energy Deep Research under the Zen Horizon Framework Jun 8, 2026 Hold
48 /100
Weak
Jun 10, 2026
83
Cheniere Energy, Inc.
LNG · US
Cheniere Energy Zen Horizon Framework Deep-Dive Research Jun 8, 2026 Hold
48 /100
Weak
Jun 10, 2026
84
Lonza Group AG
LONN · SW
Lonza Group AG (LONN.SW) Zen Horizon Research Report Jun 8, 2026 Hold
48 /100
Weak
Jun 10, 2026
85
Franco-Nevada
FNV · US
Franco-Nevada Zen Horizon Framework In-Depth Research Jun 7, 2026 Watch
48 /100
Weak
Jun 10, 2026
86
PTC Inc.
PTC · US
PTC Deep Value Investment Research May 30, 2026 Watch
48 /100
Weak
Jun 10, 2026
87
Block, Inc.
XYZ · US
Block Investment Research Report May 27, 2026 Watch
48 /100
Weak
Jun 10, 2026
88
Roper Technologies, Inc.
ROP · US
Roper Technologies Research from a Long-Term Owner's Perspective May 23, 2026 Cautious Buy
48 /100
Weak
Jun 11, 2026
89
DexCom, Inc.
DXCM · US
DexCom Investment Research Report May 22, 2026 Watch
48 /100
Weak
Jun 11, 2026
90
O'Reilly Automotive, Inc.
ORLY · US
O'Reilly Automotive: A Long-Term Business Owner's Research Report May 22, 2026 Watch
48 /100
Weak
Jun 10, 2026
91
Sichuan Baili Tianheng Pharmaceutical Co., Ltd.
688506 · Shanghai
Sichuan Baili Tianheng: A De-Risked ADC Story the Market Has Already Priced In Jul 23, 2026 Hold
47 /100
Weak
Jul 23, 2026
92
Exelixis, Inc.
EXEL · US
Exelixis: A Real Cabozantinib Cash Machine Pricing In an Unproven Second Act Jul 16, 2026 Hold
47 /100
Weak
Jul 16, 2026
93
JD.com, Inc.
JD · US
JD.com: A Stronger Retail Core Discounted for the Cost of Transition Jun 28, 2026 Cautious Buy
47 /100
Weak
Jun 28, 2026
94
Symrise AG
SY1 · XETRA
Symrise: A High-Quality Compounder Now Priced for Delivery, Not Discovery Jun 28, 2026 Hold
47 /100
Weak
Jun 28, 2026
95
Sichuan Kelun-Biotech Biopharmaceutical Co., Ltd.
6990 · HK
Kelun-Biotech: A Commercializing China ADC Franchise Priced for Much of Its sac-TMT and MSD Global Success Jun 25, 2026 Hold
47 /100
Weak
Jun 25, 2026
96
Bureau Veritas SA
BVI · Paris
Bureau Veritas: Quality TIC, Priced for Reacceleration Jun 17, 2026 Hold
47 /100
Weak
Jun 18, 2026
97
Okta, Inc.
OKTA · US
Okta: Identity Infrastructure in Transition Jun 17, 2026 Hold
47 /100
Weak
Jun 17, 2026
98
Pinterest, Inc.
PINS · US
Pinterest: Strong Cash, ARPU-Mix Risk Jun 17, 2026 Watch
47 /100
Weak
Jun 18, 2026
99
Royal Gold, Inc.
RGLD · US
Royal Gold Deep-Dive Research Jun 15, 2026 Hold
47 /100
Weak
Jun 15, 2026
100
MongoDB, Inc.
MDB · US
MongoDB Deep Dive: A Document Database Platform Centered on Atlas Jun 12, 2026 Hold
47 /100
Weak
Jun 13, 2026