What Mercata does
Three things, every day, the way your firm thinks.
Mercata is a single system that never stops reading the world for your firm. The only way to keep up with the volume of noise in fundamental investing is to read continuously, through your firm's lens.
Signal from noise, through your firm's lens.
Filings, transcripts, news, internal sources, read continuously through your firm's lens. By morning, what's material to you has surfaced. The rest stays quiet.
A thinking partner. A sparring partner.
When you start on a new name, sector, or angle, Mercata has already learned the territory. Explore your thesis with it. Stress-test it before the investment committee. A week of work in a day.
Yours, because you build it.
Your firm sets the watches and the red-flag checklist. Your firm defines what every 10-Q gets asked. Mercata holds it all together so the firm's knowledge compounds, and gets more yours the longer your firm runs it.
In practice — 01
A 200-page 10-K just dropped.
Ready before the question lands.
A new 10-K lands. Two hundred pages. Your CIO reacted in chat with an "eyes" emoji, meaning they'll be asking about this soon. It's yours to analyze before they do.
Mercata has already read it. By the time you sit down, the new five percent is identified: a quietly-revised number in segment notes, a new risk factor on customer concentration. The brief ties back to your holdings, your thesis, the name's history.
You go from reading the brief to digging in: asking Mercata questions, getting answers with citations and sources. Within minutes you post a signal analysis to the team. The CIO knows where you stand before they ask. The other four hundred things that landed in your firm's universe today were already read; briefs exist for each, all flagged low importance. You skim them and move on with your day.
In practice — 02
Your CIO heard a name at the bar last night.
A week of digging to an afternoon of thinking.
Your CIO walks in. A name came up at the bar last night. Check it out. You open Mercata. The firm hasn't looked at this one, but it's in your universe, so Mercata already has the ingredients: over twenty years of filings, press releases, transcripts, fundamentals, pricing history. A quick screen lands clean: right sector, market cap, volume. Could replace a name the firm exited last quarter. Worth a closer look.
You ask Mercata to get you up to speed, then you dig in by asking more questions about the company, the management team, the sector. Something starts percolating. You ask Mercata to run the firm's standard red-flag checklist: customer concentration, governance, management overlap with prior failures, accounting patterns the firm has learned to flag. Clean.
You ask Mercata to draft a thesis using the threads of your conversation, edit it into something you'd put your name on, then ask Mercata to argue against it the way the investment committee will. The bear case sharpens the bull case back. By the afternoon the draft is with the team: credible, pressure-tested, the work of someone the CIO will hand the next tip to. The week of digging is now an afternoon of thinking.
In practice — 03
Japan just hiked rates.
Across the book, in one question.
Wednesday morning. The Bank of Japan just hiked rates, the first move since the policy regime reset. The yen surges. Equity markets globally are mixed. Your CIO opens chat: which holdings are most exposed, directly or through the value chain?
You ask Mercata. The system pulls from what every name in the book has disclosed: material Japan revenue lines, yen-denominated input costs, Japanese customer concentration above the segment-reporting threshold, manufacturing and supplier exposure flagged in risk sections. Five names with primary exposure surface, six more secondary. Each one is tied back to the specific filing language that disclosed it. You drill in where it matters.
Without Mercata, this question takes a day: every analyst pulls 10-Ks on the names they cover, compares notes, builds the list by hand. With Mercata, the answer comes in minutes from filings already read. The freed time goes to deciding what to do, not figuring out what the firm owns.
How it works
Reads continuously. Maps what's connected. Grounded in source.
Mercata reads continuously: filings the moment they post, transcripts the moment they're released, news as it lands. It maps the entities and the threads between them, and retrieves only what's relevant to your question, grounded in source.
Under the hood: a knowledge graph with retrieval-augmented generation, dated to the source, with your firm's data logically separated from everyone else's. Events, retrieval, and agents are the architecture, not a bolt-on.
In practice, you can ask the questions that cut across names and time: which holdings are exposed to a coup or an earthquake, which other companies a management team has run, where else a supply-chain disruption shows up. The first-order picture is in view by default; deeper traverses surface when you ask the probing question.
It knows when something was said.
The system reasons about how positions, theses, and facts have changed, not only what's true today.
Your data lives in your environment.
Treated as your record, not training data. Never used to improve our models. More on security →
Every answer points back.
Every answer points back to the document that supports it. The source is one click away.
What your firm gets to be
A firm that doesn't lose its mind. Or its time.
Quick morning news triage.
A filtered inbox. Investment committee with a battle-hardened thesis. From new name to thesis in days. Sleep that comes from knowing you aren't missing anything material, and a vacation you can take, because your knowledge isn't the bottleneck for anyone else.
Dispassionate about your positions.
You stop falling in love with the trade. The original thesis and evidence stay in the form they were captured: memory doesn't edit them, the outcome doesn't recolor them. You stay clear-eyed about why you got in and whether you're still right to stay.
A firm that thinks more clearly.
No revisionist history when a position turns. Firm-wide cognitive bias drops. The departure of a senior analyst no longer costs you five years of knowledge across twenty names. The firm can answer its own questions and show its own work.
The promise
The longer it runs, the smarter your firm becomes.
What your firm knows, on hand the moment it matters.