What Marcelo Lima is saying
PM, Heller House Capital
4 dated public stances tracked since 2026-04-23, most recently 2026-04-23. 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 Marcelo Lima'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. Marcelo Lima is not affiliated with c8alpha and has not endorsed this page. Nothing here is investment advice.
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Raw direction-aware returns on public statements — long calls credited when the price rose, shorts when it fell, shorts capped at −100% — in a rising market this mostly measures who was long, not who has skill. Returns run from the stance date; calls are rarely closed publicly, so fixed 90-day / 180-day / 1-year horizons are used. A horizon shows only once it has fully matured, and only at 5+ scored stances.
Most-argued themes
Tracked stances
bullish / bearish is a view they argued; owns / short is a position they said they hold.
2026-04-23
NOW
bullish
Yet Another Value Podcast · video
ServiceNow has very high customer retention, deeply entrenched mission-critical workflows, and a management team that has been integrating AI into the product for years, making it a durable compounder regardless of the 'SaaSpocalypse' narrative
“ServiceNow is very interesting. I really like the management team. Very high retention, very entrenched.”
90d +12.6%
Investing in the SaaSpocalypse with Heller House's Marcelo Lima
2026-04-23
CRM
bullish
Yet Another Value Podcast · video
Salesforce is priced for perpetual decline yet is actively deepening its moat through Agent Force and headless MCP interfaces that allow any agent to interact with its full platform, further entrenching an already mission-critical enterprise data layer
“most of these are priced for perpetual decline”
90d -5.7%
Investing in the SaaSpocalypse with Heller House's Marcelo Lima
2026-04-23
ADBE
bullish
Yet Another Value Podcast · video
Adobe is extremely cheap on current multiples (priced for perpetual decline) while its AI feature additions to core products like Lightroom demonstrably increase the value of existing customer workflows, reducing churn risk rather than displacing the platform
“I think Adobe is also interesting and extremely extremely cheap”
90d -8.6%
Investing in the SaaSpocalypse with Heller House's Marcelo Lima
2026-04-23
TEAM
bullish
Yet Another Value Podcast · video
Atlassian is a good underlying business priced for perpetual decline, and new CFO leadership signals an overdue shift toward rational capital allocation that should reduce the currently absurd level of stock-based compensation as a percentage of free cash flow
“I think Atlassian is a good company with, I think, very poorly managed financially”
90d +26.3%
Investing in the SaaSpocalypse with Heller House's Marcelo Lima
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