Reddit Posts
Pre-Market Gainers and Losers for Today (July 29, 2026) 📈 📉
Insider Trading Weekly Update #037: CFOs at Visa, Procter & Gamble Sell $21M, $MRK Execs Sell $32M, Banks Get a Bid - Insider Trading Recap
$CSGP Closed at $69.69 today - can mean only one thing
Lowest Four Market Caps in both SP 500 and QQQ as options strategy
Mentions
That's an interesting one....but otherwise your reaction seems typical, which makes me want to look more. There's some pretty strong players that are cheap with recurring revenue. BN, JOE, and CHCI are all decent buys with great history. CSGP is as cheap as ever.
-CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information, analytics, and 3D digital twin technology in the property markets, announced today that revenue for the quarter ended June 30, 2026 was $925 million, up 18% over revenue of $781 million for the quarter ended June 30, 2025. Net new bookings were $69 million, up 3% from Q1 2026. Net income was $55 million and earnings per diluted share was $0.14 for the second quarter of 2026, compared with net income of $6 million, and earnings per diluted share of $0.01, in the prior year period. Adjusted Net Income rose to $128 million in the second quarter, up 73% year-over-year. Adjusted EPS was $0.32 in the second quarter, up 88% year-over-year. EBITDA was $157 million, up 441% year-over-year. Adjusted EBITDA was $184 million in the second quarter of 2026, an increase of 116% from the prior year. Stock getting destroyed AH, but (opinion follows) getting fairly cheap if the drop holds. Apparently there was a cut to the midpoint revenue guidance....
$CSGP. There are real reasons it has absolutely tanked over the past year and I think it was overvalued to a degree but I think it’s severely undervalued now.
Thanks! Yeah I went dumpster diving after moving out of the semi trade with ASML in Q1 this year. I also sold some short term laggards that I just didn't follow quite enough (the ratings agencies). I've been trying to take an approach closer to that which Peter Lynch suggests, which is to invest in what you know. Investing in a GOOG or FIG has been much easier to understand and manage for me. Same with RDDT & MELI, which are companies I or my family regularly interact with. Better to invest in what I know, than to invest in companies that I looked at that I just couldn't wrap my head around (BN & CSGP were two of those which I studied for years that I never got comfortable with). It took me like two months of research in 2022 to fully get into the mechanics of ASML, and the drawdowns on that one were frustrating to stomach. I made money back in 2023/2024 with NOW and I never fully wrapped my head around that one as well. I'll probably also rotate out of a couple of holdings that I still only understand peripherally
Good breakdown, but the core issue is simpler: AI compresses switching costs and compresses margins. Horizontal SaaS with low moat gets hit first, vertical SaaS with regulatory or workflow lock‑in holds up better, and infra/security tied to AI demand recovers fastest. A few things I’d add: • AI doesn’t kill software. It kills weak moats. Point solutions and SMB‑focused tools are the most exposed. • Vertical SaaS is structurally safer because switching isn’t about code, it’s about compliance, workflows, and integrations. • Infra/security names (CRWD, PANW, DDOG, SNPS, CDNS) benefit from AI volume, not AI substitution. • Data vendors aren’t equal. Public data = vulnerable. Proprietary data (SPGI, VRSK, CSGP) = much harder to disrupt. • Human‑heavy industries (consulting, CROs, brokers) face margin pressure as AI automates the “labor arbitrage” model. The market isn’t punishing SaaS randomly. It’s repricing business models based on how defensible they are in an AI‑driven world.
No position, and not starting one with a chart like this but...for all the software dip buyers, CSGP doesn't get tossed around much. They're by far the leader in real estate data. The company has grown revenue at more than 10% for 60 consecutive quarters. Down 64% from it's 52 week high. It was really expensive before, but really looking more attractive at these levels. Of course, big data seems to be a likely target for AI, so there's definitely a bear case to be made.
CSGP share movement is not normal
Something is up with CSGP. A proxy battle was initiated by two very large investors, and the corporation has double digit revenue growth for something like 59 consecutive quarters. Additionally, the corporation just recently announced a $1.5B share buy back this year. And yet the share price is off 46% from it's 52 week and is approaching an RSI of 30. The stock looks like it's being suppressed for a transaction. My thoughts, most likely a merger.
Let's be very clear. CSGP is way undervalued.
Listen up you spazzy fucks, CSGP
CSGP. It's so fucked how low it's been pushed. Probably the most oversold ticker right now.
CSGP April 17, 2026 $95 Call had some of the highest implied volatility of all equity options today. This ticker is heavily in oversold territory.
CSGP is the most oversold ticker I have ever seen
There are a few really good tickers that were way oversold and have good upside potential. CSGP is one.
CSGP. Thank me later.
CSGP is in heavily oversold territory and several big shareholders are about to start a proxy battle. It's a buy.
CSGP has a proxy battle staring. Nothing like a good proxy battle to pump the share price.
Like a clock, CSGP always goes the opposite direction of the market.
Equal weight will get destroyed for the next few months. Only MAGS or the nasdaq will go up, because media is pushing 7 stocks to the public. Look at the outsides moves happening on stocks that still beat but don’t say AI. Duo -10% Adobe -5% CMG -20% CSGP -17% Deckers -15% RSP is not safer.
Basically my entire port is in CSGP, which I purchased today at 65.54 a share, and it closed at 70.51. I ain't selling until the 80s
CSGP quietly after market reported 20% rev jump and reported $0.23 earnings per share beating the street estimate of 18%. It's down 3% AH on low volume. Don't miss it, it's a sleeper.
Um up, and it's because of ACHR, CSGP and BB
RIP. With zillow starting to piss off agents that don't immediately list, CSGP will beat them. I don't think either are great long term plays but I'm always csgp > z.
CSGP is nice, sweet and safe
CSGP smashed earnings
Broken clock is right twice a day. CSGP = 💩
Cramer said don't buy CSGP. You know what to do.
Look at the OCC memo: https://infomemo.theocc.com/infomemos?number=56124 Instead of 100 Matterport shares as the deliverable, it's now: 1) 100 x a number of CoStar Group (CSGP) Common Shares equal to the Exchange Ratio, calculated as described in the MTTR/CSGP Proxy Statement/Prospectus dated June 10, 2024 (“Proxy”) Note: The exchange ratio will be between 0.02906 and 0.03552. 2) Cash in lieu of fractional CSGP shares, if any 3) $275.00 cash ($2.75 x 100) No brokers or calculators really handle these odd options properly in their calculations (you can exit the position but the greeks and chance of profit and everything is almost certainly broken)
Any other Peeps out there who were baggin' MSTR from 2021 get their CSGP shares today? Dumped those as fast as I could. Shackles gone.
Have you running idiots sworn an oath to not do the absolute bare minimum DD? https://www.google.com/search?q=CoStar+CSGP&tbm=nws
Imagine if Google was a thing. https://www.google.com/search?q=CoStar+CSGP&tbm=nws
RDFN and Z are teaming up to attack the rental market which CSGP owns a lot of. I think they will have competitive growth from both sides especially if this kicks off when the demand for real estate spikes again Reason I like RDFN is because of how cheap it is right now. If they have a plan and don’t go out of business price should reach at least $13 by may, the Zillow deal has me confident they’re not going BR and might actually be planning something big
-CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information, and analytics in the property markets, announced today that revenue for the year ended December 31, 2024 was $2.74 billion, up 11% over revenue of $2.46 billion for the full year of 2023. Revenue for the fourth quarter of 2024 was $709 million, an increase of 11% over revenue of $640 million for the fourth quarter of 2023. Net income was $139 million for the year ended December 31, 2024, compared to $375 million for the year ended December 31, 2023, and net income was $60 million for the fourth quarter of 2024.
CSGP having a nice run since they had an investor day and the CEO made a large buy. Now up over $80 and trying to hold the 200 day average.
Needham analyst Mayank Tandon reiterates CoStar Gr (NASDAQ:CSGP) with a Buy and maintains $100 price target. Groovy. 👍
Bought CSGP, \~60k, 1.6%, a forever monopoly, will buy more if it goes down.
(NASDAQ: CSGP), a leading provider of online real estate marketplaces, information and analytics in the property markets, announced today that revenue for the quarter ended September 30, 2024 was $693 million, up 11% over revenue of $625 million for the quarter ended September 30, 2023. Net income was $53 million in the third quarter of 2024, an increase of 176% from the second quarter of 2024. Net income per diluted share was $0.13. In the third quarter of 2024, EBITDA was $51 million and Adjusted EBITDA was $76 million, which represent increases from the second quarter of 2024 of 320% and 86% respectively. Adjusted EBITDA exceeded the mid-point of the Company's guidance range by 54% for the third quarter of 2024.
The better play is CSGP, which is undervalued.
Yeah, by CSGP, for $5.50 a share. It's waiting on FTC approval. Seems like a quick way to make a 20% + return over the next few months. CSGP once it acquires MTTR will be the most important player in the sector, and will easily surpass Zillow.
I recently sold 22 $7 covered calls at $0.10 with and expiration date of 1/16/26. I've heard that the upcoming merger is likely to take place before the end of the year. Does anyone know how they handle OTM covered calls when a merger happens? Do they just expire and I would keep the premium? Or would it become a CSGP option?
CSGP is the better play
CSGP doesn't get a lot of love because their surface numbers aren't impressive and the company isn't well known. However, they operate at 77% gross margins, plow any cash into growing the business, and have increased revenue by 15% annually.
CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information and analytics in the property markets, announced today that revenue for the quarter ended June 30, 2024 was $678 million, up 12% over revenue of $606 million for the quarter ended June 30, 2023. Net income was $19 million in the second quarter of 2024 and net income per diluted share was $0.05. "We achieved another strong quarter of results in terms of revenue, sales and traffic to our websites," said Andy Florance, Founder and CEO of CoStar Group. "Overall revenue grew 12% year-over-year, and our two billion-dollar run rate businesses continue to deliver double-digit revenue growth with Apartments.com growing at 18% and CoStar at 10% over the second quarter of last year. Our commercial information and marketplace businesses continue to perform and delivered 41% profit margins in the second quarter of 2024," continued Florance.
My buddy works for CSGP they own the real estate information game 💪🏽
There is an arbitrage play with MTTR (Currently trading at 4.30) with an upside 20%. Entered into a definitive purchase agreement with CSGP a few months back and is in the process of getting shareholder and regulatory approval. The purchase price is 2.25 cash and 2.25 of CSGP shares (5.50 aggregate). They created a reference price for the CSGP shares on closing that has a pretty generous collar - the bottom band is around 74. CSGP is currently trading at 73, so outside the collar, but the exchange ratio would still peg the closing price at around 5.40.
Mainly REITs from what I am finding, I was wondering the same actually. Hence the post. Quick google search leads to a handful of tickers, haven’t done the DD to see which ones are most susceptible, but if you wanna go full 🦍 the first article I found listed these: PLD, AMT, EQIX, PSA, WELL, CSGP, VICI, ARE
> Josh Brown just pumped it. He pumped MTTR at $30. It was bought the other day by $CSGP for $5 and change.
MTTR is bought by CSGP for $5.50 per share ($2.75 in cash, $2.75 in stock in CSGP). Deal to close later this year. Currently MTTR is trading at $4.7, or what is a discount of 15% There is a pretty generous collar on the exchange ratio, such that for MTTR to sell at 15% lower on closing GSCP would need to lose 25% of its share price by then. Other than the deal falling through, seems like a pretty low risk way to make 15%. Anyone else looking at this? I eat crayons. Not smismancial advice.
CSGP is a sleeper. Had a really good quarter reported last night.
The best earnings I saw today were from CSGP.
I'll add in CSGP. They never get attention, but it's a fantastic company.
You risk the merger does not happen, the merger is $2.75 in cash and $2.75 in stock of CSGP, and you risk the share price of CSGP drops after receiving that stock. The price of MTTR has also risen in reflection of the merger news to $4.82
CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information and analytics in the property markets announced today that it has reached a definitive agreement to acquire all outstanding shares of Matterport in a cash and stock transaction valued at $5.50 per share reflecting an estimated $1.6 billion of enterprise value. Under the terms and subject to the conditions of the agreement, Matterport stockholders will receive $2.75 in cash and $2.75 in shares of CoStar Group common stock for each share of Matterport common stock.
NFLX & SAP up, CSGP down
What do you guys think if CSGP? up 5% last week still down 12% from 52 week high
Man, I'm not sure what was said on the CSGP earnings call, but the stock was -10% premarket and is up 2% after open. I was hoping for.a buying opportunity.
CSGP CoStar Group earnings: Q4 adjusted EPS 33c, consensus 32c Q4 revenue $640M, consensus $634.25M. "Once again CoStar Group delivered exceptional results in our commercial information and marketplace businesses for the full year 2023, while at the same time devoting major time and resources towards launching the new Homes.com," said Andy Florance, Founder and Chief Executive Officer of CoStar Group. "Our commercial information and marketplace businesses grew revenue by 14% in 2023 in the worst commercial real estate market in decades and delivered 40% profit margins in 2023, our highest profit levels ever. For the full year of 2023, we generated strong net new bookings totaling $286 million."
in order of confidence: 1: WM 2: FICO 3: really not sure. CSGP is a high possibility
I'm not sure they have a monopoly over real estate websites.... Look at CSGP (costar group). They are a gigantic player in real estate data and operate several websites in multiple countries. Also redfin, and several other real estate broker firms. If you want to find where they plan to go, lok through their investor materials. They probably have an investor presentation on their website. Their SEC filings will contain tons of information, specifically their 10Q and 10K filings. These should include a section on managements discussion of the business, along with many other things.
CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information and analytics in the property markets, announced today that revenue for the quarter ended September 30, 2023 was $625 million, up 12% over revenue of $557 million for the quarter ended September 30, 2022. Net income was $91 million in the third quarter, an increase of 25% over the prior year. "CoStar Group delivered strong results this quarter on our two principal fronts," said Andy Florance, Founder and CEO of CoStar Group. "First, our commercial information and marketplace businesses are fortress strong in a turbulent market with revenue growing 14% year-over-year and margins approaching 40%. As we move into the fourth quarter, our adjusted EBITDA, for our commercial information and marketplace businesses, is approaching $1,000,000,000 annualized. We continue to generate strong net new bookings with $65 million of net new bookings in the third quarter. On the second front, we are investing aggressively, but prudently, in Homes.com with the goal of unlocking the enormous potential of becoming the leading, successful U.S. residential real estate portal. In September we celebrated a major milestone on that road to success with 100 million unique visitors to Homes.com."
Costar group (CSGP) making a move into the UK https://finance.yahoo.com/news/costar-group-offers-acquire-leading-062000868.html
Anyone follow CSGP? Quality compounder, and one of the few positions held by Akre management.
The negativity towards commercial RE is largely geared towards urban offices in areas where WFH continues to have an impact and if it continues to have enough of an impact for much longer there could be larger concerns. Pimco has had some defaults, Brookfield has had some defaults. There's also a level where some of these names might have already been pricing in a fair amount. VNO and other NYC real estate names have bounced a bit lately but none of them have been particularly great investments in the last decade or so. Blackstone is largely warehouse and other things. There are tons of different subsectors of REITs - apartments, data centers, malls, billboards, etc. Over time, all of those subsectors have often had differing fundamentals under the broader umbrella of REITs. Aside from data centers, there's never been subsector REIT ETFs for those who want to bet on/against any of these subsectors. In this case, there's some troubled sectors of real estate that could get worse if things don't improve soon, some that are doing okay and some that are doing well. If we have a broad recession then they're all going South. If there is a lot of distressed real estate in the months/years ahead, CSGP's 10-x will likely be a beneficiary. Dan Loeb on Costar from 2021 (was early): "Finally, we believe CoStar will be a material beneficiary of impending COVID-induced disruption in the CRE market. As has been well-publicized, COVID is expected to drive unprecedented changes in demand for office space (via relocation & de-densification), hospitality/retail real estate (due to tenant distress), and other CRE sectors. However, the resultant market impact has been delayed by a combination of government stimulus and long-duration commercial leases. As underlying demand disruption becomes more evident, we believe CRE arms vendors like CoStar will benefit from the increased need for property advertising (to lease vacant spaces) and transactional platforms (to buy/sell distressed properties)." Full thesis from 2021: https://www.gurufocus.com/news/1423832/daniel-loeb-comments-on-costar-group
I wouldn’t be surprised if CSGP does in the next few years. Been dabbling in the single family space. They will go at Zillow hard.
Damn only grabbed one 75p on CSGP
CNBC hasn't been blaming retail investors AFAIK. The fact is: this is a trading market right now. It's no longer an investing market. Retail got more sophisticated and some got A LOT richer. Derivatives are being used like crazy and the real winners are those who are paying attention to the greeks and the premiums. There is also a wealth gap that is literally incomprehensible. There are algo firms and individuals (and nation-states that are de facto individuals) who can easily move certain equities massively intraday. People should also pay attention to two things: 1. The geopolitical and socio-economic backdrop against which the market is moving. 2. The composition of certain indices themselves (certain 'odd' companies have been rather furtively added to the NASDAQ-100 as an example) >The following six companies will be added to the Index: CoStar Group, Inc. (Nasdaq: CSGP), **Rivian Automotive, Inc. (Nasdaq: RIVN), Warner Bros. Discovery, Inc. (Nasdaq: WBD)**, GlobalFoundries Inc. (Nasdaq: GFS), Baker Hughes Company (Nasdaq: BKR), and **Diamondback Energy, Inc. (Nasdaq: FANG)**.
I worked at CSGP for 4 years and I have to say that Andrew (Andy) Miller is a beast when it comes to producing profit. The company is effectively a monopoly in the CRE fields. They funnel all their land data from various sites together. The main costar products get all the information from apartments, LoopNet, land and farm.
I would not touch those, but bulls might be interested. Strong balance sheets, people need insurance. Chart also look strong on PGR. CSGP is owned 100% by institutions. It will not drop unless they sell, maybe they never sell.
What do you think of puts on PGR or CSGP?
TMUS, CARS, INTU, CSGP Whether these are obviously overvalued, I don't know but they all have high p/e ratios.
The following 6 companies will be added to the NASDAQ 100 $QQQ before the markets open on Monday, December 19th Rivian $RIVN Warner Bros. Discovery $WBD Baker Hughes $BKR Diamondback $FANG GlobalFoundfires $GFS CoStar $CSGP
Costar (CSGP) Dan Loeb's thesis from Q121: "A few months ago, CoStar embarked on ‘Act 2’ of its journey with a vision to build the “Nasdaq of CRE” – a transactional marketplace where properties can be bought and sold online. To enable that vision, CoStar recently acquired Ten-X, the world’s largest CRE auction website with 90% market share. We believe Ten-X unlocks a transformational revenue opportunity for CoStar. Real estate is the US’ largest spending category but has been the slowest to move online (nearly $1 trillion of CRE transaction volume annually, 98% of which is done offline). As online penetration grows, Ten-X’s dominant share suggests it will be the largest beneficiary, with a revenue opportunity 3x-4x larger than CoStar’s entire business today. And while Ten-X’s auction platform has always offered a compelling value proposition for owners and brokers (particularly in the underserved long tail of smaller CRE transactions), its penetration was historically constrained by weak distribution. Encouragingly, though, our research suggests it has experienced dramatic traffic growth during the past few months as CoStar has started to cross-sell the Ten-X platform into its much larger installed base. As Ten-X scales, we believe CoStar should be able to accelerate revenue growth from mid-teens to 20% and drive EBITDA growth from 20% to 30% over time. **Finally, we believe CoStar will be a material beneficiary of impending COVID-induced disruption in the CRE market. As has been well-publicized, COVID is expected to drive unprecedented changes in demand for office space (via relocation & de-densification), hospitality/retail real estate (due to tenant distress), and other CRE sectors. However, the resultant market impact has been delayed by a combination of government stimulus and long-duration commercial leases. As underlying demand disruption becomes more evident, we believe CRE arms vendors like CoStar will benefit from the increased need for property advertising (to lease vacant spaces) and transactional platforms (to buy/sell distressed properties).** (https://thirdpointlimited.com/wp-content/uploads/2021/05/Third-Point-Q1-2021-Investor-Letter-TPIL.pdf) The bolded was a bit too early. Offices are still not back to pre-pandemic levels in many areas. Wreck the economy and perhaps you start getting more distressed office space, which Costar will benefit from in the 10x regard.
Hunting CSGP for an entry.
CoStar Group Inc. (NASD:CSGP) and Invitation Homes Inc. (NYSE:INVH) will replace PVH Corp. (NYSE:PVH) and PENN Entertainment Inc. (NASD: PENN) respectively in the S&P 500. Ouch penn. Remember that
I'd rather invest in Costar (CSGP), as Andy Florance is going to go after residential. Good summary of Costar's approach: https://therealdeal.com/issues_articles/how-costar-became-a-15-billion-dollar-juggernaut/
There is no office REIT etf - you're going to be short a lot of other subsectors of REITs too. CSGP has their 10x marketplace for commercial RE, which will probably be put to more use if there's more distress in commercial property. Hasn't really worked out (perhaps early) but the second half of the Dan Loeb thesis for Costar/CSGP from early 2021: "A few months ago, CoStar embarked on ‘Act 2’ of its journey with a vision to build the “Nasdaq of CRE” – a transactional marketplace where properties can be bought and sold online. To enable that vision, CoStar recently acquired Ten-X, the world’s largest CRE auction website with 90% market share. We believe Ten-X unlocks a transformational revenue opportunity for CoStar. Real estate is the US’ largest spending category but has been the slowest to move online (nearly $1 trillion of CRE transaction volume annually, 98% of which is done offline). As online penetration grows, Ten-X’s dominant share suggests it will be the largest beneficiary, with a revenue opportunity 3x-4x larger than CoStar’s entire business today. And while Ten-X’s auction platform has always offered a compelling value proposition for owners and brokers (particularly in the underserved long tail of smaller CRE transactions), its penetration was historically constrained by weak distribution. Encouragingly, though, our research suggests it has experienced dramatic traffic growth during the past few months as CoStar has started to cross-sell the Ten-X platform into its much larger installed base. As Ten-X scales, we believe CoStar should be able to accelerate revenue growth from mid-teens to 20% and drive EBITDA growth from 20% to 30% over time. **Finally, we believe CoStar will be a material beneficiary of impending COVID-induced disruption in the CRE market. As has been well-publicized, COVID is expected to drive unprecedented changes in demand for office space (via relocation & de-densification), hospitality/retail real estate (due to tenant distress), and other CRE sectors. However, the resultant market impact has been delayed by a combination of government stimulus and long-duration commercial leases. As underlying demand disruption becomes more evident, we believe CRE arms vendors like CoStar will benefit from the increased need for property advertising (to lease vacant spaces) and transactional platforms (to buy/sell distressed properties).**"
Bought an in the money CDNS put 2 days ago. They report Monday. Had qualtrics puts that I sold too early but still profited from today. Also have CSGP puts for Tuesday. Still holding a CVNA put that I bought before their earnings. I’ll also be looking to see if premiums get cheaper on TEAM puts. For calls, all I have are Capital One calls and some leftover steel company calls
IDXX/ZTS w/animal health. CSGP is a borderline monopoly. CPRT is a business where there's a couple of major players and I think at this point it would be extremely difficult for someone new to come along. WSC is an example of a business where I don't think there's a public peer.
I’d look for companies that have: 1. A reasonable long-term valuation (more concerned with fair value than a P/E or P/S ratio) 2. Wide moats in growing/stable industries 3. Sales and earnings growth faster than the market for as far as you can reasonably project If I had to choose one, I’d choose MELI. Their moat in e-commerce, financials, and logistics is massive in Latin America. The growth in these area are still early too, yet Mercadolibre has been around building their moat for 20 years. The CEO has been around for decades and is respected globally. I think there are plenty of other good options though. Here are some other suggestions, sorted by market cap: V, MA, DIS, ADBE, CRM, ADSK, VEEV, CSGP
Costar Group $CSGP Not well known outside real estate, basically a data provider/advertising platform for commercial real estate. Has an absolute stranglehold on the market. They did a stock split recently and I bought some, it’s been bad since then but soon enough they’ll swallow some more competitors and the price will shoot up.
I only count 9 whose chances were taken seriously in that article. IAC isn't yet big enough for inclusion and the no-no company was cited as a long-shot due to volatility and finances. Of the 9, three are now in (MTCH, EPAM, BRO) three months later. Mind you, only 4 companies have been added in that time, and that article listed 3 of them. MTCH apparently jumped 11% in September when their inclusion was announced, while BRO was more muted. That leaves 6 others: KDP, CSGP, GGG, CPT, NDSN, FDS and I'd guess a few of these will get in within months assuming they stay big enough when the next slot opens up. That's consistent with what FactSet advertises. They straight-up put out a "Prediction Signal" of potential inclusions and have been 60% accurate (inclusion within 6 months) since 2018. That basket of stocks has apparently [doubled the S&P 500's own performance over the last two years](https://insight.factset.com/through-the-looking-glass-predicting-sp-500-constituent-changes). It seems like the S&P has created a cottage industry for would-be front-runners. It surprises me that the market wouldn't have arbitraged away this advantage, and it also surprises me that the S&P 500 continues to outperform the broader US market anyway.
Sorry for taking so long to respond. THRY my thinking is not too differentiated from the other people who are zeroed in on this one -- it trades stupid cheap with respect to its cash flow and it has their little SaaS business beneath. I don't think I'll add much original thought to this name -- I just like the price. NCNO is a different beast -- I've done a 20+ page writeup on it myself. From what I've seen, SaaS companies have been the "meme stocks" of investment professionals for the last 5ish years. These people are indeed onto something, that's why they are professionals, but I think a single digit percentage of SaaS stocks will pan out the way these professionals expect them to. Within this world, NCNO is my highest conviction SaaS name -- think of how sticky your average blabbermouth retail investor (and perhaps former investment professional) presumes ADBE to be, multiply that by 50, and that's how sticky NCNO is. After spending a wild weekend elbow deep in commercial banking SaaS industry dynamics, I can tell you that NCNO is the only company in that space which offers as complete of a set of products as it does; as a result, the competitive dynamics of NCNO are just absurd. In a sentence, NCNO offers the best suite of commercial banking software to banks, and there is virtually no reason to switch off of their platforms. My closest comp with respect to industry dynamics is CSGP, i.e. what CSGP is to real estate, NCNO will be to financials. Not to mention, their CEO is an absolute shark who grew up as a programmer in 80s South Africa. The industry isn't the sexiest, but you bet it will be when it's shedding hundreds of millions in FCF in 5-10 years!
CSGP just bought up Homesnap and Homes.com if I remember correctly. They might be the only people who can give Zillow/Redfin a run for their money.
CSGP is one of my best performing positions.