Calixto Logo
About Us

Calixto Global Investors, LP is a fundamentally oriented investment manager focused on the Technology, Media, Telecom (“TMT”) and Consumer sectors globally.

SINCE CALIXTO’S FOUNDING IN 2014, we have employed a concentrated, longer-term approach to investing in companies we believe are misunderstood by the market. Given our breadth of global investment experience, the team is uniquely positioned to capitalize on opportunities across our universe with a particular focus on geographies such as Japan, China and the United States.

Leadership
Eduardo Costa Headshot
EDUARDO COSTA
Founder and Portfolio Manager

Eduardo Costa is the Founder and Portfolio Manager of Calixto Global Investors. Prior to founding Calixto, Eduardo spent five years as the Director of Research at JAT Capital Management. Before JAT, Eduardo was a Managing Director and Analyst in the TMT group at Carlyle Blue Wave Partners. He spent the four previous years as an Analyst at Shumway Capital Partners and as a member of the SCP Omni Fund team, covering the TMT and Travel, Leisure and Gaming sectors. Eduardo began his career as an Analyst at Lazard Asset Management in the Emerging Market Equities group.

Eduardo earned a B.A. in Economics and International Relations from the University of Pennsylvania before going on to earn an M.B.A. from Columbia Business School. Eduardo is first-generation Cuban American and grew up in South Florida. Calixto is a minority-owned investment manager.

News
Videos

Today’s price action was to be expected, given the rally we’ve had, says Calixto Global’s Costa

CNBC TV
//
June 28, 2022

Eduardo Costa, Calixto Global Investors' founder and portfolio manager, joins ‘Closing Bell: Overtime’ to discuss market bottoms, risk rewards, multiples and generating alpha in his short book.

Videos

Costa Discusses Tech Equities on CNBC TV's Squawk on the Street

CNBC TV
//
May 23, 2022

Eduardo Costa, Calixto Global Investors Founder and Portfolio Manager, joins CNBC TV's Squawk on the Street to discuss companies facing difficult comps and decelerating growth, which tech sectors offer opportunties and more.

Videos

Eduardo Costa Discusses Bear Market Bounce on CNBC TV Closing Bell Overtime

CNBC TV
//
March 31, 2022

Eduardo Costa, founder and portfolio manager at Calixto Global Investors, joins ‘Closing Bell: Overtime’ to discuss how to invest during the current quickly changing market environment.

Videos

Eduardo Costa Discusses Tech Growth Stocks on CNBC TV's TechCheck

CNBC TV
//
February 1, 2022

Eduardo Costa, Calixto Global Investors founder and portfolio manager, joins CNBC TV's TechCheck to discuss which growth stocks Costa is bullish on and what metrics Costa uses to gauge quality stocks.

Industry News

Surge in Japanese IPOs points to Lack of Venture Capital Culture

Financial Times
//
December 29, 2021

Tokyo sees busiest month ever for new listings but investors say companies look woefully unready.

Videos

Eduardo Costa Discusses Tech Stocks on CNBC TechCheck

CNBC TV
//
December 7, 2021

"This is an exciting time for investing in software," says Calixto founder Eduardo Costa, Calixto Global Investors founder. He joins “TechCheck” to discuss the state of investing in software and the broader market.

Industry News

Xi Jinping’s Capitalist Smackdown Sparks a $1 Trillion Reckoning

Bloomberg News
//
August 1, 2021

After 40 years of allowing the market to play an expanding role in driving prosperity, China’s leaders have remembered something important — they’re Communists.

It was mid-June, and the most powerful Chinese Communist Party leader since Mao Zedong was holding court at an after-school club for elementary students in the remote city of Xining. Acknowledging the growing pressure on students and their parents to spend time and money on private tutoring, Xi promised to ease their burden.

Calixto in the News

The founder of $300 million Tiger grand-cub Calixto Global Investors walks us through how meme stocks and retail traders have changed how he invests

Business Insider
//
July 7, 2021

Costa said he is hyper-focused on fundamentals as companies come out of the pandemic, especially in tech companies whose "fundamentals were accelerated." But the advent of retail traders' power has warped many of the long-standing rules investors like Costa have lived by.

At Coral Gables, Florida-based Calixto Global Investors, there is a strong appreciation for what the Reddit crowd can do. "The fact of the matter is we have to be aware of the most popular meme stocks now," said Eduardo Costa, who founded Calixto in 2014 with $25 million and has since grown the firm to more than $300 million.

Calixto in the News

Calixto's Eduardo Costa Featured in Hedge Fund Journal's 2021 Tomorrow's Titans

Hedge Fund Journal
//
May 18, 2021

Calixto’s non-US and small/mid cap emphasis naturally reduces the risk of being in overcrowded names, but both institutional and retail investor crowding are nonetheless watched: “Short book crowding is a greater worry as seen in the January 2021 short squeeze, which forced some funds to exit positions when they should have added. We were able to take advantage of the late January 2021 dislocation. When peers were covering shorts, we were adding to ours and buying losers on the long side. Playing offense really helped with the rebound."

Industry News

How AI Can Transform Contact Centers' Unstructured Content

Forbes
//
March 18, 2021

AI solutions can interface with your existing software to process unstructured content and integrate it into your workflow. You're then equipped to automate tasks and derive true value out of unstructured content.

Podcast

Eduardo Costa Discusses Japan Stocks on HedgeD Podcast

Morgan Creek Capital Management's HedgeD Podcast
//
March 17, 2021

Calixto Global Investors' Eduardo Costa discusses Japanese Digital Payments, E-Commerce and Cloud Services companies with Morgan Creek Capital Management HedgeD co-hosts Mark Yusko, Cory Lester and Andrew Schmeelk.

Calixto in the News

Hedge Funds Hunt Frothy Names to Short, Even After GameStop

Bloomberg News
//
February 3, 2021

Here’s where a few of last year’s big winners are putting their money this year, according to people familiar with the firms: Eduardo Costa - Calixto Global Investors. Focus: Global tech and consumer stocks, primarily small- and mid-caps.

Industry News

Japan’s digital leap forward — and about time too

Financial Times
//
January 19, 2021

New Prime Minister makes tech transformation a flagship policy in paperbound society.


Calixto in the News

Long/Short Equity, Hedge Specialists Set to Gain in '21 amid COVID-19 Uncertainty

FundFire.com
//
December 30, 2020

COVID-19 has created greater penetration in areas, including e-commerce, certain pockets of software enabling remote work and the connected fitness space, says Eduardo Costa, Founder and Portfolio Manager at Calixto Global Investors.  But at the same time, some of the current “winners” will not be able to sustain their momentum. “I think it’s going to be…a stock pickers market going forward.”

Calixto in the News

Wall St Week Ahead-Big tech stocks may face post-election headwinds, no matter who wins

Reuters.com
//
October 30, 2020

A shift to value stocks “is increasingly likely over the next 12 months,” said Eduardo Costa, who runs hedge fund Calixto Global Investors, LP.

Industry News

Why Japan is obsessed with paper

BBC.com
//
March 3, 2020

For a country often depicted as the pinnacle of high-tech living Japan has a surprising and enduring obsession with paper. That might finally be changing.

Videos

Today’s price action was to be expected, given the rally we’ve had, says Calixto Global’s Costa

CNBC TV
//
June 28, 2022

Eduardo Costa, Calixto Global Investors' founder and portfolio manager, joins ‘Closing Bell: Overtime’ to discuss market bottoms, risk rewards, multiples and generating alpha in his short book.

Videos

Costa Discusses Tech Equities on CNBC TV's Squawk on the Street

CNBC TV
//
May 23, 2022

Eduardo Costa, Calixto Global Investors Founder and Portfolio Manager, joins CNBC TV's Squawk on the Street to discuss companies facing difficult comps and decelerating growth, which tech sectors offer opportunties and more.

Videos

Eduardo Costa Discusses Bear Market Bounce on CNBC TV Closing Bell Overtime

CNBC TV
//
March 31, 2022

Eduardo Costa, founder and portfolio manager at Calixto Global Investors, joins ‘Closing Bell: Overtime’ to discuss how to invest during the current quickly changing market environment.

Videos

Eduardo Costa Discusses Tech Growth Stocks on CNBC TV's TechCheck

CNBC TV
//
February 1, 2022

Eduardo Costa, Calixto Global Investors founder and portfolio manager, joins CNBC TV's TechCheck to discuss which growth stocks Costa is bullish on and what metrics Costa uses to gauge quality stocks.

Videos

Eduardo Costa Discusses Tech Stocks on CNBC TechCheck

CNBC TV
//
December 7, 2021

"This is an exciting time for investing in software," says Calixto founder Eduardo Costa, Calixto Global Investors founder. He joins “TechCheck” to discuss the state of investing in software and the broader market.

Calixto in the News

The founder of $300 million Tiger grand-cub Calixto Global Investors walks us through how meme stocks and retail traders have changed how he invests

Business Insider
//
July 7, 2021

Costa said he is hyper-focused on fundamentals as companies come out of the pandemic, especially in tech companies whose "fundamentals were accelerated." But the advent of retail traders' power has warped many of the long-standing rules investors like Costa have lived by.

At Coral Gables, Florida-based Calixto Global Investors, there is a strong appreciation for what the Reddit crowd can do. "The fact of the matter is we have to be aware of the most popular meme stocks now," said Eduardo Costa, who founded Calixto in 2014 with $25 million and has since grown the firm to more than $300 million.

Calixto in the News

Calixto's Eduardo Costa Featured in Hedge Fund Journal's 2021 Tomorrow's Titans

Hedge Fund Journal
//
May 18, 2021

Calixto’s non-US and small/mid cap emphasis naturally reduces the risk of being in overcrowded names, but both institutional and retail investor crowding are nonetheless watched: “Short book crowding is a greater worry as seen in the January 2021 short squeeze, which forced some funds to exit positions when they should have added. We were able to take advantage of the late January 2021 dislocation. When peers were covering shorts, we were adding to ours and buying losers on the long side. Playing offense really helped with the rebound."

Calixto in the News

Hedge Funds Hunt Frothy Names to Short, Even After GameStop

Bloomberg News
//
February 3, 2021

Here’s where a few of last year’s big winners are putting their money this year, according to people familiar with the firms: Eduardo Costa - Calixto Global Investors. Focus: Global tech and consumer stocks, primarily small- and mid-caps.

Calixto in the News

Long/Short Equity, Hedge Specialists Set to Gain in '21 amid COVID-19 Uncertainty

FundFire.com
//
December 30, 2020

COVID-19 has created greater penetration in areas, including e-commerce, certain pockets of software enabling remote work and the connected fitness space, says Eduardo Costa, Founder and Portfolio Manager at Calixto Global Investors.  But at the same time, some of the current “winners” will not be able to sustain their momentum. “I think it’s going to be…a stock pickers market going forward.”

Calixto in the News

Wall St Week Ahead-Big tech stocks may face post-election headwinds, no matter who wins

Reuters.com
//
October 30, 2020

A shift to value stocks “is increasingly likely over the next 12 months,” said Eduardo Costa, who runs hedge fund Calixto Global Investors, LP.

Industry News

Surge in Japanese IPOs points to Lack of Venture Capital Culture

Financial Times
//
December 29, 2021

Tokyo sees busiest month ever for new listings but investors say companies look woefully unready.

Industry News

Xi Jinping’s Capitalist Smackdown Sparks a $1 Trillion Reckoning

Bloomberg News
//
August 1, 2021

After 40 years of allowing the market to play an expanding role in driving prosperity, China’s leaders have remembered something important — they’re Communists.

It was mid-June, and the most powerful Chinese Communist Party leader since Mao Zedong was holding court at an after-school club for elementary students in the remote city of Xining. Acknowledging the growing pressure on students and their parents to spend time and money on private tutoring, Xi promised to ease their burden.

Industry News

How AI Can Transform Contact Centers' Unstructured Content

Forbes
//
March 18, 2021

AI solutions can interface with your existing software to process unstructured content and integrate it into your workflow. You're then equipped to automate tasks and derive true value out of unstructured content.

Industry News

Japan’s digital leap forward — and about time too

Financial Times
//
January 19, 2021

New Prime Minister makes tech transformation a flagship policy in paperbound society.


Industry News

Why Japan is obsessed with paper

BBC.com
//
March 3, 2020

For a country often depicted as the pinnacle of high-tech living Japan has a surprising and enduring obsession with paper. That might finally be changing.