Sign in

    Dan David

    Research Analyst at Wolfpack Research

    Dan David is the Founder and Principal at Wolfpack Research, specializing in investigative, activist short-selling with a focus on exposing corporate fraud and wrongdoing across U.S.-listed equities. He has covered high-profile targets including companies such as Icahn Enterprises and numerous China-based firms listed in the U.S., generating industry recognition for his firm’s role in uncovering significant market misstatements and driving notable stock declines following Wolfpack’s reports. David began his career in retail management before co-founding GeoInvesting in 2006 and later establishing Wolfpack Research in 2019 with backing from Carson Block’s Muddy Waters Capital. He is regarded as a leading figure in forensic financial analysis, although specific securities licenses and FINRA registration details are not publicly listed.

    Dan David's questions to DEUTSCHE BANK AKTIENGESELLSCHAFT (DB) leadership

    Dan David's questions to DEUTSCHE BANK AKTIENGESELLSCHAFT (DB) leadership • Q2 2025

    Question

    Inquired about the U.S. Commercial Real Estate (CRE) portfolio, specifically the current modified loan amount, cumulative provisions, and drivers of the book's reduction. Also asked about the strategy for an upcoming AT1 instrument call.

    Answer

    The upcoming AT1 is likely to be called based on market conditions, with a decision on its replacement still pending. On CRE, the portfolio is being actively managed down through modifications and potential sales; the cumulative credit loss allowance is €700 million, but full price visibility is not yet established.

    Ask Fintool Equity Research AI

    Dan David's questions to MERCURY GENERAL (MCY) leadership

    Dan David's questions to MERCURY GENERAL (MCY) leadership • Q4 2024

    Question

    Dan David of Wolfpack Research challenged management on why Mercury's average loss appears to be significantly lower than peers and accused the company of underestimating its total losses, suggesting they may be improperly netting out potential subrogation recoveries from their gross estimates.

    Answer

    CEO Gabriel Tirador and another executive responded defensively to the confrontational questions. They questioned the premise of the peer comparison and denied underestimating losses or improperly accounting for subrogation, stating they had already explained their process. The call was abruptly concluded by the operator before the discussion could be resolved.

    Ask Fintool Equity Research AI