Investment Committee Vol. 8

Welcome to the 8th edition of Investment Committee, where we aim to give you front row seats to the deliberations, discussions, and decisions around how the team is managing Titan’s active equity strategies.

The team meets regularly to assess the fundamental trends of our portfolio companies, the macro environment, current events/news, how they affect individual stocks, and how we should position our strategies moving forward.

We recently elected to buy Block (formerly known as Square; NYSE: SQ) in Flagship. Block is a fintech company with two unique but complementary ecosystems: Square (Sellers) and Cash App (Consumers). 

The company is looking to become the go-to financial services company for both merchants and families by moving up-market and filling in identified product gaps. Their new found cost discipline and various growth drivers should enable them to achieve the “Rule of 40” by 2026 in our view. We have strong conviction that an investment in Block is an opportunity for Titan to purchase equity in an innovative company with a still largely untapped market and long runway for increasingly profitable growth potential.

In this update, I walk you through our high-level investment thesis for initiating a position in Block (SQ).

Best,

Clay

*This video was recorded on Wednesday, April 10th, 2024.

Titan Global Capital Management USA LLC ("Titan") is an SEC registered investment adviser. Advisory services are provided by Titan. Titan’s affiliate, Titan Global Technologies LLC (“TGT”), is a registered broker-dealer and member of FINRA/SIPC. Both Titan and TGT are subsidiaries of Titan Global Capital Management, Inc.

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