Liria Research

Independent
equity
research.

Two conviction longs. Eight names on watch. Every thesis published in full — no newsletter, no paywall, no consensus.

Conviction Long · 2 Active Positions
Emerging Markets · Initiation Mar 2026
MELI
Base PT $2,400 · +46% upside
Full thesis published
Emerging Markets · Initiation Mar 2026
NU
Base PT $18 · +26% upside
Full thesis published
Coverage Universe · 10 Names
IBN SSNLF GGAL RJHI OKLO RKLB ASTS LUNR MELI NU Conviction Long EM Watch Futurist Watch
Conviction Longs
2
MELI · NU
On Watch
8
EM · Futurist Bets
Latest Initiation
NU Holdings
Geography Discount · Mar 26, 2026
Research Approach
Primary Sources
10-Ks · Transcripts · AI Monitoring
Investment Framework
Pillar I
Emerging Markets
Dominant franchises in high-growth, underserved economies.
Pillar II
Futurist Bets
Everything or nothing in 10 years.
Pillar III
Special Situations
Deep value, macro dislocations, asymmetric one-offs.
In Development
On Watch · 8 Names
IBN SSNLF GGAL RJHI ASTS RKLB OKLO LUNR
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Updates when something significant changes on any covered name. No noise.