Investing in tomorrow's leaders today.

Lemma Capital gives you access to institutional-grade equity investment strategies and research. We combine human expertise, data, and agentic AI to identify future leaders and build plug-and-play investment portfolios in the public equity market, making everything available via simple subscription.

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Leadership compounds.

In our view, the best investment returns come from investing in companies that sustain high growth rates over long periods. Such growth is rarely an accident: it's a product of exceptional talent turning continuous innovation into unique customer value and building a lasting defense against competitors. When nothing stands between the company and many years of expansion, and the share price is right, investments turn out spectacular.

Talent density

High concentration of exceptional builders and operators with unique ideas and relentless drive for execution.

Continuous innovation

Fast-paced and productive R&D that translates technological change into unmatched customer value.

Long expansion runway

Mature or dynamic new markets large enough to absorb a decade of revenue compounding at high rates.

Pioneering equity research for the new age of intelligence.

We combine human expertise with data and agentic AI to systematically analyze the global universe of 50,000+ public companies and identify market leaders best positioned to benefit from long-term economic trends.

Step 01
50,000+ stocks
Step 02
Data collection
Step 03
Quantitative screening

Step 04
Fundamental research
Step 05
Investment decision
Step 06
Regular monitoring

Step 01
50,000+ stocks
Step 02
Data collection
Step 03
Quantitative screening
Step 04
Fundamental research
Step 05
Investment decision
Step 06
Regular monitoring

Our investment strategies:

Built to maximize long-term shareholder returns by investing in the world's most resilient market leaders in massive industries and targeting attractive discounts to fair value for every investment.

Future AI Leaders

Concentrated, actively-managed, long-only public equity portfolio holding 8-12 companies representing exposure to the AI sector and capturing the most economic value from the global AI adoption. The strategy follows strict valuation discipline and avoids overpriced assets, aiming at generating an attractive absolute return.

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Learn how we think about markets.

Read our latest research to understand the fundamentals of our strategies, stay updated on their performance, and discover amazing new concepts from the worlds of innovations, technology, and finance!

Our first research notes are coming soon.

The team behind Lemma.

A small team of investors, researchers, and engineers building the future of equity research and research-driven investing.

Alex Pisanov

Founder & CIO

Alex is a former COO at e184 (US biotechnology accelerator) and IR Director at Draper X (co-investment unit of Draper Associates, an early investor in Tesla, SpaceX, Coinbase, Colossal Bio, and many other success stories).

We're hiring

Equity researchers and software engineers

This spot could be yours. Get in touch if you want to help build the future of equity research.

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Frequently asked questions.

Answers to the most common questions about our research, strategies, and subscription.

By "strategy", we mean a dynamic portfolio with holdings & weights matching a specific set of rules. You can learn more about the strategies here. Disclaimer: all strategies serve for informational and educational purposes only and should not be regarded as personalized investment advice. They are not designed to meet any subscriber’s financial situation, objectives, risk tolerance, tax circumstances, or liquidity needs. They may be updated from time to time with or without prior notice.

You can use the strategy holdings & weights to adjust your portfolio, either manually or with your AI agent by granting it access to your Lemma Capital subscription. However, we encourage you to consult with a professional financial adviser in your jurisdiction before engaging in any trading or investing based on the research and information provided. We accept no responsibility and provide no guarantees for any losses that may result from following any of the strategies or research that we publish.

Lemma Capital is not a registered investment adviser (RIA) or broker-dealer. We operate as an independent financial publisher consistent with the publisher's exclusion from the definition of "investment adviser" under Section 202(a)(11)(D) of the U.S. Investment Advisers Act of 1940. Our research and model portfolios are impersonal, of general and regular circulation, and are not tailored to any individual subscriber. We do not collect subscriber-specific suitability information for the purpose of tailoring investment recommendations.

No. Because we are not a registered investment adviser, we do not, at this time, provide investment management services or copy-trading of any kind. We are, however, exploring compliant ways to offer such services in the future. If you have ideas or guidance on how to structure this in a compliant manner, please reach out.

Yes. You can cancel your subscription at any time directly from your account. You'll retain access until the end of your current billing period.

Not at this time. That said, all of our published research methodology, general rules, and sample insights are openly available so you can evaluate the quality of our work before subscribing.

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