The Atomic Moat Library
A selection of my favorite deep dives, valuation models, and survival assets.
Welcome to the Library.
If you are new here, you have likely stumbled upon Atomic Moat Research because you are tired of the noise.
You won’t find macro predictions or quarterly trading setups here. Instead, we focus on a single mission: Hunting for global monopolies and “survival assets” that can compound capital for decades.
We follow the philosophy of Nick Sleep and Peter Lynch:
Concentration: Bet heavily when the conviction is high.
Quality: Survival is the only metric that matters.
Patience: Time is the arbitrage.
Below is a selection my favorite researched companies, categorized by strategy.
The Fortresses (Global Monopolies)
The core pillars of the portfolio. Dominant market leaders with widening moats.
MercadoLibre ($MELI): The Amazon of Latin America. Why the moat is wider than Wall Street thinks. Read the MercadoLibre Deep Dive
Sea Limited ($SE): The Asian comeback kid. E-commerce + Gaming powerhouose. Read the Sea Ltd Deep Dive
InPost ($INPST): The locker monopoly of Europe. Solving the last-mile problem. Read the InPost Deep Dive
Adobe ($ADBE): At the time of writing, this wonderful company has turned unpopular by many due to AI naratives. Read the Adobe Deep Dive
The Compounders (High Growth)
Companies with exceptional product-market fit and long runways.
Duolingo ($DUOL): Not just an app, but a data monopoly. Read the Duolingo Deep Dive
TransMedics ($TMDX): Revolutionizing organ transplants. Read the Transmedics Analysis
Innodata ($INOD): Cash-rich AI-play. Read the Deep Dive
Admiral ($ADM): Boring, double-digit growth Insurance play. Read the Admiral Deep Dive
Deep Value & Turnarounds
Misunderstood assets trading far below intrinsic value.
Root Inc ($ROOT): The most hated stock in insurance (and why the data says otherwise). Read the Deep Dive
Fairfax Financial ($FFH): The “Berkshire of Canada”. Read the Deep Dive
Evolution AB ($EVVTY / $EVO): The quality company no one wants to touch. Read the Evolution Deep Dive
Nordic Microcaps
Hidden gems under the institutional radar.
Devyser Diagnostics ($DVYSR): Niche healthcare quality. Read the Devyser Analysis
Nodebis Applications ($NODE): A toddler Vitec/Constellation Software. Read the Nodebis Analysis
Want to see the portfolio?
Research is nothing without execution. I track my real-money allocation, updated monthly, on the Portfolio page.
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