WITG x Fundamental Edge International Stock Pitch Competition

The Wharton Investment and Trading Group is hosting the second annual WITG x Fundamental Edge Stock Pitch Competition at the University of Pennsylvania. The WITG x Fundamental Edge Stock Pitch Competition is an opportunity for students to explore public equities investing by identifying an undervalued or mispriced company and constructing a detailed analysis of the potential investment idea.

The competition is open to all university undergraduate students across the United States and internationally who wish to participate. Teams are allowed to cross-register with undergraduates from any school and are able to register in groups of 2-4.

Fundamental Edge seeks to equip high-achieving buy-side professionals with the frameworks & tools they need to accelerate their performance and navigate the intense demands of a career on the buy-side. In this respect, the WITG x Fundamental Edge Stock Pitch Competition is designed to allow students at 4-year institutions to foray into the world of investing - by registering for the competition, we will provide educational resources along the way to hone your skills as an investor and presenter. Fundamental Edge is led by Brett Caughran, a former Analyst & Portfolio Manager at Maverick Capital, D.E. Shaw, Citadel, and Schonfeld. For more information on Fundamental Edge, please visit www.fundamentedge.com or Brett’s Twitter Page.

If you are at all interested in participating, please fill out the interest form here (you do not need to have formed a team at this time). By indicating your interest, you'll receive updates regarding the upcoming competition and access to important resources to kickstart your journey. This includes a 90-minute video presented by Brett Caughran, Founder of Fundamental Edge, which explores methods for identifying compelling investment ideas in the stock market.

Why Should You Participate?

  • Gain analytical experience through modeling and research

  • Receive exclusive access to videos and resources to bolster your skillset as an investor

  • Network with investment professionals, prospective employers, and like-minded peers across the country

    • We intend to promote this competition strongly among professional investors, so participants will have opportunities to get in front of prospective employers for future internships and jobs

  • Win Big Prizes:

    • 1st: Access to Full Fundamental Edge Curriculum [$10,000+ in Value], Mentorship Opportunities, and More.

    • 2nd: $2,000 Team Cash Prize

    • 3rd: $1,000 Team Cash Prize

Important Dates

  • Event Launch and Individual Registration Opened

    • Sunday, September 8th, 2024

  • Registration and First Round Executive Summary Deadline

    • The deadline is Sunday, September 22nd, 2024 at 11:59PM EST.

    • When you are ready to submit as a team, register your team and submit your materials using this link:

    • You must submit using the following file naming formats:

      • Resume Naming Format: TEAMNAME-LASTNAME.FIRSTNAME Resume.pdf

      • Stock Pitch Executive Summary: TEAMNAME-TICKER-ExecSum.pdf

  • Finalists Announced

    • Wednesday, September 25th, 2024

  • Final Round Presentation Slides Deadline

    • Monday, September 30th at 11:59PM EST

  • Final Round at the University of Pennsylvania: All spectators are welcome and there will be a networking session afterwards!

    • Tuesday, October 1st, 2024

Overview

Teams of up to four students should select a publicly traded equity that they believe has the greatest potential for price appreciation over the next three-to-five years. The company can be domiciled anywhere around the world but must have a market capitalization of at least $1B USD.

Teams will be judged on their quality of research and analysis, presentation skills, investment judgment, and diversity of perspective.

Finalist teams will have the opportunity to present their work to and receive feedback from seasoned investment professionals from prominent investment firms.

First Round Guidelines

Prepare a 1-2 page summary in PDF format of your thesis, analysis, and a preliminary investment recommendation. The summary should be analytic/predictive rather than descriptive. Feel free to use bullet points whenever appropriate.

WHAT WE ARE LOOKING FOR

  1. Your pitch may be a long or short of a publicly-traded equity with a market cap of at least 1 Billion USD.

  2. An articulated view of how the investment thesis presented differs from the market view

  3. Please provide a concise company and industry summary, clearly articulated investment hypotheses, qualitative and quantitative analyses, and an assessment of potential risks and catalysts

FINAL ROUND GUIDELINES

The final presentation is scheduled to take place at the Wharton School at the University of Pennsylvania.

If your team qualifies as a finalist, please prepare a 10 minute live presentation that includes a pre-submitted slide deck and financial model. Following the presentation, there will be a 5 minute Q&A session with the judges. Further details will be sent to your team via email if you make it to the finals.

There will be a networking session following the competition for students and investment professionals to meet and interact.