TMT & Consumer Independent Equity Research Analyst, Obex Capital Research

Aaron Gabin

I have over 20 years’ experience investing in the TMT and Consumer sectors, almost entirely on the buyside. Started at Bernstein covering software in 2001, moved to the buyside at Government of Singapore Investment Corporation (GIC) in 2003, covering hardware, software, and media. 

After getting an MBA at NYU in 2008 and a CFA, I spent 8 years at Coburn Ventures (a market neutral TMT/Consumer hedge fund). In 2015, I joined Deimos Asset Management, a low net multi-strat, where I managed a  TMT/Consumer portfolio.

I've spent the past few years at Obex Capital Management providing independent investment research to TMT and Consumer investors.

TMT & Consumer Independent Equity Research Analyst

Observability: ServiceNow Acquisition Threatens Dynatrace and Elastic

Focus On Profitability Expansion And Durable Growth: PT Reduced To $112 From $133

Elastic: Blowout 1QFY24 Earnings. Shares Popped ~20% On Heavy Volume

Elastic NV: Initiation of Coverage – Enhancements To The Elastic Observatory Solution & Other Drivers

Observability Is Not Just Datadog: Why Elastic and Dynatrace Are Great Longs

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

TMT & Consumer Independent Equity Research

Obex Capital Research

“Obex” is Latin for Barriers to Entry. Obex Capital Management’s investment philosophy is driven by an intense focus on which business model’s Barriers to Entry are able to withstand the ever increasing competitive disruption in the TMT and Consumer Sectors.

Equity Bottom-Up

<ul>
<li>Like PANW and SNOW, Elastic continues to power through macro headwinds seen by many other software companies.</li>
<li>Elastic has a Crowdstrike like dynamic, where it is capturing new workloads from incumbents, in the cloud. In this case, Symantec's share donator role is being played by Splunk.</li>
<li>In this tough volatile environment, we like an observability pair trade of Long ESTC / Short SPLK.</li>
</ul>


Like PANW and SNOW, Elastic continues to power through macro headwinds seen by many other software companies.
Elastic has a Crowdstrike like dynamic, where it is capturing new workloads from incumbents, in the cloud. In this case, Symantec's share donator role is being played by Splunk.
In this tough volatile environment, we like an observability pair trade of Long ESTC / Short SPLK.


Observability Pair Trade: Long Elastic / Short Splunk