Source, one-line thesis, reason for possible mispricing, initial tests, priority, and next research step.
Investment Management & Advisory Firms
Turn research, portfolio data, and monitoring into a disciplined decision system.
Connect idea capture, company research, portfolio positions, thesis checkpoints, price and metric alerts, trade history, and recurring reviews so the investment team can focus on the decisions that matter most.
Illustrative demonstration. Every company, holding, figure, and investment conclusion below is fictional and is not investment advice.
Illustrative operating viewNorthstar Capital Partners
Updated 8 min agoPortfolio value$24.8m18 holdings
Cash & accruals7.4%Within 5–12% range
Decision queue72 breached triggers
Top 5 weight38.6%42% limit
Highest-priority actionAurora Industrial breached its downside checkpoint after a second quarter of working-capital deterioration; thesis review due today.
From idea capture to portfolio action
An investment operating system, not another static tracker.
The system links each security to its original hypothesis, disconfirming tests, valuation, portfolio role, live metrics, research gaps, scheduled reviews, and transaction history.
Business model, industry context, valuation, risk factors, kill criteria, files, notes, and open questions.
Target weight, expected return, downside, liquidity, catalysts, portfolio fit, and required margin of safety.
Price triggers, KPI thresholds, thesis checkpoints, due dates, material news, trade actions, and realized outcomes.
Interactive sample dashboard
A simplified operating system for a research-driven investment firm.
Move through the daily decision queue, research pipeline, portfolio and risk view, company workspace, and security history. All information is fictional.
Northstar Capital Partners · IllustrativeResearch, Portfolio & Decision Operating System
As of Aug 4, 2026
Sources connectedBroker Position FileFund TrackerResearch NotesCompany FilingsMarket DataAlert RulesTrade Journal
Portfolio value$24.8mIllustrative NAV
Cash & accruals7.4%Within 5–12% range
Holdings18Across 8 sectors
Top 5 weight38.6%42% limit
Decision queue72 breached triggers
Red / yellow metrics3 / 912 active exceptions
Research gaps146 high priority
Reviews due5This week
Decision queueToday's highest-priority research and portfolio actions
Ranked by urgency and impact| Rank | Priority | Company | Decision / action | Trigger | Due | Status |
|---|---|---|---|---|---|---|
| 1 | Critical | Aurora Industrial | Review thesis and position | Working capital | Today | Open |
| 2 | High | Harbor Software | Re-underwrite retention | NRR < 104% | Today | Open |
| 3 | High | Meridian Foods | Update margin bridge | Gross margin | Aug 5 | In progress |
| 4 | Medium | Cedar Services | Complete competitor checks | Research gap | Aug 7 | Research |
| 5 | Medium | Atlas Components | Reset valuation range | Price move | Aug 8 | Scheduled |
Exceptions requiring attentionWhat changed versus the decision frame
CurrentAurora Industrial · kill criterionCash conversion has weakened for two consecutive quarters and is now outside the original underwriting range.
Harbor Software · KPI triggerNet revenue retention fell below the 104% checkpoint while sales efficiency also deteriorated.
Portfolio concentrationTop five positions are 3.4 points below the limit, but two positions are moving toward their target caps.
Research cadenceFive thesis reviews are due this week; two have unresolved high-priority diligence questions.
Country allocation
United States62%
Asia19%
Europe12%
Cash / other7%
Sector allocation
Consumer34%
Industrials24%
Technology21%
Other / cash21%
Currency exposure
USD69%
HKD / CNY19%
EUR8%
Other4%
Capture6Untriaged ideas
Screen9Initial work
Deep research3Active models
Decision2Ready for review
Monitor14Held / active
Review5Due this week
Watch11No position
Archived37Decision recorded
Active workIdeas ranked by stage, priority, and next decision
14 open| Stage | Priority | Company | One-sentence summary | Primary test | Oldest due |
|---|---|---|---|---|---|
| Screen | 2 · High | Summit Apparel | Brand may be temporarily impaired rather than structurally broken. | Full-price sell-through | 8 days overdue |
| Screen | 2 · High | Beacon Data | Recurring-data asset may be mispriced because near-term growth is slowing. | Retention by cohort | 5 days overdue |
| Deep research | 2 · High | Meridian Foods | Margin pressure may reverse as input contracts reset. | Price / cost lag | Aug 6 |
| Decision | 3 · Medium | Cedar Services | Asset-light consolidator may have more durable local density than peers assume. | Organic retention | Aug 8 |
| Watch | 3 · Medium | Granite Auto | Dealer group could be undervalued if normalized service profit persists. | Service gross profit | Aug 12 |
Selected workbenchSummit Apparel · Screening
2 of 11 steps completeInitial hypothesisA differentiated brand may be going through a temporary inventory and promotional reset rather than permanent relevance loss.
Primary disconfirming test: full-price sell-through and repeat purchase should stabilize before inventory growth reaccelerates.
Next research stepCompare promotional cadence and inventory growth against the five closest peers.
Decision deadlineComplete the initial screen by Aug 8 or archive the idea with a recorded reason.
Research completenessRequired elements
9 gapsBusiness model80%
Industry structure45%
Financial history60%
Valuation25%
Disconfirming evidence20%
Expected upside41%Position-weighted base-case upside
Modeled downside-24%Position-weighted bear-case downside
Liquidity82%Portfolio liquid within 10 trading days
HoldingsPosition, target, valuation, and trigger status
Illustrative only| Company | Weight | Target | Delta | Base upside | Bear downside | Price trigger | Metric status |
|---|---|---|---|---|---|---|---|
| Aurora Industrial | 8.4% | 9.0% | +0.6% | 48% | -31% | Below add level | Breached |
| Harbor Software | 7.7% | 8.0% | +0.3% | 52% | -29% | Near review level | Breached |
| Meridian Foods | 7.1% | 7.5% | +0.4% | 36% | -18% | Inside range | Watch |
| Cedar Services | 6.2% | 7.0% | +0.8% | 43% | -22% | Below add level | Current |
| Atlas Components | 5.2% | 6.0% | +0.8% | 39% | -20% | Inside range | Current |
| Northwind Retail | 4.8% | 5.0% | +0.2% | 31% | -26% | Above trim level | Review |
Risk concentrationsWhere positions share the same underlying exposure
Look-throughConsumer demand31.5%
Small-cap liquidity24.0%
China / HK exposure19.0%
Commodity sensitivity13.5%
Rate sensitivity11.0%
Portfolio actionsPosition decisions generated from rules
Not recommendationsAurora IndustrialDo not add despite price weakness until the working-capital checkpoint is re-underwritten.
Northwind RetailPrice is above the trim threshold; review whether expected return still clears the portfolio hurdle.
Cedar ServicesPosition remains below target and the core operating metrics are inside the decision frame.
Company workspaceAurora Industrial
StageMonitorWorkflow status
Portfolio weight8.4%Current
Target weight9.0%Subject to review
Base upside48%Illustrative
Active metrics52 exceptions
Decision frameThesis, edge, and kill criteria
Version controlledOne-sentence thesisA niche industrial distributor can compound free cash flow if recent working-capital pressure normalizes and customer retention remains intact.
Perceived edge: the market may be extrapolating a temporary inventory and receivables build as a permanent deterioration in economics.
Wrong if / kill criteriaCash conversion remains below 65%, organic revenue turns negative, or leverage rises above 3.0x without a clear temporary driver.
Primary disconfirming testQuarterly working-capital release and customer retention by cohort.
Next decisionWhat must happen before the position changes
ActionableNext actionReconcile the cash-flow bridge and test whether the inventory build is customer-backed.Owner: Lead analyst · Due today
CheckpointDo not add until the cash-conversion thesis is re-underwritten.Price alone is not sufficient evidence.
Research gapsSupplier terms, customer concentration, inventory aging, and covenant headroom.4 high-priority items
Industry & macro contextExternal drivers linked to the decision frame
Freshness tracked| Metric | Latest | YoY | Observation date | Why it matters | Status |
|---|---|---|---|---|---|
| Industrial production | 103.8 | +2.1% | Jul 2026 | End-demand backdrop | Current |
| Customer inventory index | 94.2 | -4.6% | Jun 2026 | Restocking potential | Watch |
| Freight cost index | 118.4 | +9.8% | Aug 2026 | Gross-margin pressure | Adverse |
Holding summaryAurora Industrial · Illustrative
2021–2026Total invested$1.48mIncluding commissions
Current value$2.08m8.4% of portfolio
Realized gains$312kPartial trims
Dividends$64kCumulative
Unrealized gain$596kBefore tax
Annualized return18.7%Illustrative
Transaction recordWhat changed the position and why
Decision-linkedDec 2021Initial position · 2.5%Buy
May 2022Added after pricing evidence · 4.2%Add
Oct 2023Added on temporary destocking · 7.6%Add
Mar 2025Trimmed after target rerating · 6.9%Trim
Jun 2026Paused adds after cash-conversion triggerHold
Holdings and P&L historyPosition size and cumulative economic result
Decision audit trailThe position grew as operating evidence improved, then stopped increasing when the cash-conversion checkpoint was breached.
Each transaction is connected to the thesis version, valuation range, expected return, and contemporaneous disconfirming evidence.
Illustrative data only. The companies, portfolio, figures, triggers, and conclusions are fictional. This page demonstrates an operating workflow and does not provide investment advice, performance claims, or a representation of any actual fund.
Start with one recurring decision
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