Nosy about what changed. Curious about what makes a business tick. Not everything. Just the interesting things.

TWO WAYS TO USE SNOWBALL
Monthly
Report

Monthly Report is our flagship publication. Every month we publish a report on 10–15 U.S. small caps under $5B where something just changed. Read it, then decide what’s worth your time.

Workbench

Workbench is a set of unconventional research tools we built in-house: CEO track records, moat rankings, niche 13F screens, hedge fund letters and corporate events, with more on the way.

Monthly Report
Published every month · 10–15 ideas

We don't track everything. Just what might turn into something.

Some are falling apart.
Some are fixing things.
Some just filed an 8-K that made us raise an eyebrow.
WHAT YOU GET

Semi-detailed writeups on companies going through something: strategic shifts, new leadership, unusual 13D/13F activity, restructurings, or just strange behaviour worth looking into.

We're here to sharpen your idea funnel.

Workbench

Every project starts as a thought experiment.

Every project is a simple question a fund manager might ask. We turn it into a simple hypothesis, run the experiment on public filings, and keep the ones that could be useful.

Who we built this for

Portfolio managers and analysts who:

  • run fundamental, research-driven small-cap portfolios
  • like to read reports that help them narrow down ideas, then do their own work from the filings
  • are curious and like to experiment with unconventional screens and tools
  • pay attention to the people: CEO track record, management changes, governance, and activists
  • care about the business model and moat

If this sounds like you, start a free trial or email me at [email protected].

What you won’t find here

We don’t provide:

  • Buy/sell recommendations or price targets
  • Earnings estimates, financial models, or forecasts
  • 40-page reports on individual stocks

We don’t chase themes, whether it’s biotech, AI, or whatever is hot this year, and we don’t promise the next ten-bagger.

No banking ties, no IR gigs, no “collaborations.” Just us, being nosy.

Snowball Research · Stocks under $5BBuilt on primary SEC filings. For research use, not investment advice.