Antarctic Circle Capital

Calling the top (Gold Edition)

Once again, I’m here with a bold macro call.

Sep 3 • 

Antarctic Circle Capital

5

August 2025

Up Only, Because Everyone Thinks It Can’t Be

Everyone is trying to time the top.

Aug 29 • 

Antarctic Circle Capital

5

3

#12 Asymmetric Options Trade: Betting on a 0% Growth, Cash-Burning Laggard

This will probably be my most unappealing write-up, but this is why it is so appealing to me:

Aug 28 • 

Antarctic Circle Capital

4

July 2025

#11 Growing at 43% CAGR Since 2017: A Play on Saudi Arabia’s Vision 2030

The next big thematic: Saudi Arabia

Jul 16 • 

Antarctic Circle Capital

7

March 2025

#10 Unloved, Uncorrelated, and Asymmetric: The Overlooked Trade with 3x Potential

In today’s thesis you will find:

Mar 18 • 

Antarctic Circle Capital

3

February 2025

#9 Lower Inflation, Slower Growth, and Rising Uncertainty

Contrarian Play to shine in 2025

Feb 18 • 

Antarctic Circle Capital

4

3

January 2025

#8 Counter-Drone Tech Stock Growing 50%+

Growth: Counter-drone technology revenues growing +50% YoY.

Jan 14 • 

Antarctic Circle Capital

10

1

SES AI: 20x return explained

Thought process on a highly creative special situation

Jan 3 • 

Antarctic Circle Capital

15

6

December 2024

#7 Event-Driven LiDAR Play: Trading at Just 1.99x 2028 P/FCF

An Overlooked Contract with Massive Growth Potential Ahead

Dec 17, 2024 • 

Antarctic Circle Capital

7

2

November 2024

#6 Energy Stock Set to Return 50% CAGR as AI Drives Energy Demand Higher

Actionable idea trading at a fordward 3.6x p/fcf

Nov 19, 2024 • 

Antarctic Circle Capital

8

1

October 2024

Portfolio Harmony: Balanced Hedges and High-Potential Picks

Q3 2024 Update

Oct 22, 2024 • 

Antarctic Circle Capital

7

#5 High-Growth, High-Quality Hollywood Company with 5x Potential: Trading at Multi-Year Lows

Crucial for Major Productions, Yet a Small Fraction of the Total Cost

Oct 17, 2024 • 

Antarctic Circle Capital

5

5