MoffettNathanson

MoffettNathanson does not manage outside capital, so there are no investment decisions in the asset-management sense. The firm's research recommendations — stock ratings, price targets, and thematic reports — are authored by its senior analysts, principally co-founders Craig Moffett and Michael Nathanson, alongside their team. Each analyst has signature coverage areas; Moffett leads on telecom and cable, Nathanson on media and entertainment.

As a research-only firm, MoffettNathanson does not source investments or deal flow. Its proprietary edge comes from primary financial analysis, management meetings, and industry data sets — not from transaction sourcing. The firm competes with bank-affiliated research departments by maintaining a concentrated coverage list and avoiding the conflicts that come from underwriting or advisory work.

MoffettNathanson does not participate in fund commitments or direct deals at all. The firm is an equity research provider, not a fund allocator or co-investor. Institutional clients use its published research to inform their own public-market investment decisions, but the firm itself takes no principal positions on behalf of third-party capital.

MoffettNathanson has no co-investment posture or platform. The firm exists solely to produce and sell equity research. It does not invest alongside GPs, does not participate in club deals, and does not operate any pooled investment vehicles. Its entire revenue model is subscription fees for written research and analyst access.