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What Evan Vanderveer is saying

Managing Partner, Vanshap Capital

6 dated public stances tracked since 2026-08-17, most recently 2026-10-09. Each line carries the date and the venue it came from; quotation marks mean verbatim. Methodology.

The stances below are c8alpha's editorial distillation of Evan Vanderveer's public commentary — television, podcasts, and interviews — compiled by automated transcript analysis and dated to the episode they came from. They may lag the speaker's current view and may contain extraction errors. Text in quotation marks is verbatim from the episode; everything else is our paraphrase. Evan Vanderveer is not affiliated with c8alpha and has not endorsed this page. Nothing here is investment advice.

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6
tracked stances
6
themes
0
side flips
2026-10-09
last heard

Most-argued themes

ThemeStancesLeanMixLast
EVO11 bullish2026-10-09
JET211 bullish2026-10-09
KASPI11 bullish2026-08-17
KSPI11 bullish2026-10-09
MELI11 bullish2026-08-17
NU11 bullish2026-08-17

Tracked stances

bullish / bearish is a view they argued; owns / short is a position they said they hold.

2026-10-09 KSPI bullish The Business Brew · video
Kaspi is a Kazakhstan super app with 65% e-commerce market share, a payments/BNPL flywheel that bypasses Visa/Mastercard rails, ~25% founder ownership, and a mispriced expansion into Turkey's Hepsiburada — current slowdown from elevated rates and iPhone…
“it was just able to add more and more businesses to this platform that people were staring at all day long”
Evan Vanderveer - Customers are the North Star
2026-10-09 JET2 bullish The Business Brew · video
Jet2 is the UK's largest package holiday operator with ~20% market share, high returns on equity, a customer-obsessed founder culture still intact, and a new Airbus A321neo fleet locked in at a rumored 60% COVID-era discount that will structurally lower unit…
“it's an incredible business with high returns on equity and it's customer fanatic”
Evan Vanderveer - Customers are the North Star
2026-10-09 EVO bullish The Business Brew · video
Evolution Gaming trades at ~10x earnings despite ~70% EBITDA margins and a near-monopoly on live casino infrastructure; Asian gray-market disruption is stabilizing, a 17% buyback was just announced, and new regulated markets in LatAm and the US provide a…
“it does appear to be stabilizing and these other geographies should provide sufficient growth for the business to continue its upward trajectory”
Evan Vanderveer - Customers are the North Star
2026-08-17 MELI bullish Yet Another Value Podcast · video
Mercado Libre's apparent 5-year underperformance was entirely a multiple compression artifact from a rich 2021 valuation, not a business deterioration, and now trading at what Vanshap views as undervalued with the same compounding engine that has delivered…
“if you go back to the IPO, 27 years ago, I think it's compounded in the 20s”
$NU: is Nubank Capital One in 1994 or Capital One in 2006? | Vanshap Capital
Said again: 2026-10-09 (The Business Brew)
2026-08-17 NU bullish Yet Another Value Podcast · video
Nubank's 20% efficiency ratio versus 40-60% for legacy Brazilian banks, 13,000 customers-per-employee, 30% ROEs, and founder control with David Velez give it durable cost advantage to deepen relationships across Brazil's $100B banking profit pool and expand…
“buying into a situation with a customer fanatic at a very attractive price that over the next five or 10 years should produce very attractive returns”
$NU: is Nubank Capital One in 1994 or Capital One in 2006? | Vanshap Capital
Said again: 2026-10-09 (The Business Brew)
2026-08-17 KASPI bullish Yet Another Value Podcast · video
Kaspi's multiple collapsed from ~19x to ~6x on Russia-Ukraine contagion fears unrelated to its Kazakhstan business, but the underlying model of dominant EM fintech with data advantages and scale is intact and should recover sharply over the next 5-10 years.
“the valuation got quite high just prior to the Ukraine Russia war and the multiple has contracted from 19 times down to kind of six times”
$NU: is Nubank Capital One in 1994 or Capital One in 2006? | Vanshap Capital

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