Senior Research Analyst / Portfolio Manager - Semiconductors / Hardware / Health Technology (m/f/d)

BIT Capital; Berlin; Vor Ort; EUR 85.000 - 130.000; Vollzeit

Zusammenfassung

BIT Capital seeks an Equity Research Analyst - Semiconductors (m/f/d) to own coverage of chipmakers, equipment, materials, and the hardware stack. You will develop original theses and contribute to a concentrated, high-conviction portfolio while expanding the reach into adjacent areas.

You will perform bottom-up fundamental research, build models, monitor data signals, and defend alpha ideas. Report to the Portfolio Manager and Director of Research, working autonomously from Day 1.

Qualifikationen

• Understanding the semiconductor industry both technically and commercially.
• Minimum 2+ years researching semiconductor investments in buy-side or research-heavy environments.
• Track record of differentiated investment writing and thesis defense.
• Comfort with alternative data and basic data tools (Python or SQL).

Aufgaben

• Coverage & research: Run bottom-up fundamental research on semiconductor companies worldwide: chipmakers, equipment, materials, memory, and the hardware stack around them.
• Idea generation: Surface and defend alpha opportunities before consensus.
• Financial modeling: Decompose business models and build tailored models.
• Data & tools: Integrate alternative data and quantitative capabilities into research.
• Portfolio contribution: Build relationships with sector experts and management teams and translate conviction into positions.

Kenntnisse

Semiconductors knowledge

Python/SQL

Investment writing

Ausbildung

Engineering/CS/Physics/Math degree

Tools

Python

SQL

Jobbeschreibung

Across our funds, we hold meaningful exposure to the hardware backbone of the AI buildout: the chips powering data centers and edge devices. As our Equity Research Analyst - Semiconductors (m/f/d), you own that coverage and contribute original theses to a concentrated, high-conviction portfolio, extending our reach in pure-play names before consensus catches up. The scope centers on semiconductors but grows with your insights into adjacent areas. You report to Ingo Lupatelli, our Portfolio Manager and Director of Research, and work autonomously from Day 1.

• Coverage & research. Run bottom-up fundamental research on semiconductor companies worldwide: chipmakers, equipment, materials, memory, and the hardware stack around them.


• Idea generation. Own news and data monitoring across your sectors, surfacing and defending alpha opportunities before consensus.


• Financial modeling. Decompose business models from first principles (Volume x Price x Mix x Margin) and build models tailored to each sub-sector's economics.


• Data & tools. Make our alternative data, AI, and quantitative capabilities integral to your research: know when a signal is real, when it is noise, and how it ties back to the P&L.


• Portfolio contribution. Cultivate relationships with sector experts and management teams, and convert conviction into sized positions in the book.

The experience you bring

• You understand the semiconductor industry at both a technical and a business level; adjacent coverage of batteries or consumer devices is a plus.


• You have 2+ years researching investments in the semiconductors sector, on the buy-side or in a research-heavy environment (equity research, private equity, or investment banking).


• You have a track record of differentiated investment writing: a contrarian view you sized and defended under pushback, ideally a thesis you can point to.


• You are comfortable with alternative datasets and basic data tools (Python or SQL); fluency with semiconductor cycles or Asian and Chinese names is a bonus.


• You hold a strong academic record in a technical field such as Engineering, Computer Science, Physics, or Mathematics.

2 reasons why you should not apply

• You prefer a steady, deliberate pace. We move fast: daily idea flow, weekly thesis check-ins, and deep dives when the data moves. You will form and revise views quickly.


• You like to wait for full consensus before acting. We size positions on conviction and meaningful insight, not crowd validation.


• You are passionate about technology, public-market investing, and the businesses behind the chips.


• You operate by first principles: you decompose a thesis into its drivers, rebuild it from observable inputs, and treat being proven wrong by data as learning, not defeat.


• You are an \"AI Native\" who makes AI and quantitative tools standard infrastructure in your research.


• You are self-driven and entrepreneurial, in it for the long term, where logical argument outweighs hierarchy.

What we offer

• Become part of a unique success story in European asset management, on one of the most consequential investment themes of the next decade.


• Work with terabytes of data, cutting-edge research tools, and proprietary alternative data you will not find at traditional asset managers.


• A motivated, highly international team (15 nationalities) with flat hierarchies and direct access to our management team and investors.


• Day 1 ownership of challenging, varied work, a steep learning curve, and a transparent, appreciative feedback culture.


• Competitive compensation with a meaningful variable component tied to fund performance, plus relocation and visa support if needed.

About us

BIT Capital combines the expertise of an industry leader in asset management with the agility of a young tech company. With its investment products, BIT Capital enables investors to participate in the future growth of the technology-driven world. The guiding principle is always to be “Ahead of the Curve\" - anticipating technology mega trends and identifying the major investment opportunities of the future before they emerge. The BIT Capital team expertly navigates a constantly evolving landscape of complex technology sectors, identifying tomorrow's technology leaders at an early stage on behalf of its investors. The experienced team currently consists of around 40 professionals, including an investment team of 20 financial market experts, sector specialists, data engineers and software developers. The flagship fund, BIT Global Technology Leaders, has received multiple performance awards and is one of the highest performing equity funds in Europe.

As part of our recruitment process, we use digital tools that incorporate AI-supported functionalities to structure and review application materials and to support the selection process. The results are used solely as support for the initial screening and are always reviewed by responsible personnel. Decisions regarding an offer of employment or a rejection are not made solely by automated means.