Part II - Free & paid equity research tools
The almost comprehensive list curated by Bedrock AI
The best tools for stock research…all in one place. Here is a list to help make good software more findable. This list will be updated biannually.
Part I of our list can be found here - Part I - Free & Paid Equity Research Tools
Do you know of an awesome tool that should be added to our list? Our Twitter DMs are open. Let us know!
Find the following resource categories below: Insider trading, Expert call aggregators, SEC filing search and analysis, Research aggregators & online communities, Financial APIs and Quant tools.
Insider trading & institutional ownership
These tools help you track when insiders trade and/or what stocks institutions are buying and selling.
Free or freemium
Open Insider - View insider transactions, including the insider’s name and title as well as price and quantity of the purchase/sale.
Whale Wisdom - WhaleWisdom facilitates analysis and tracking of the portfolios of investment funds using 13-F filings.
Dataroma - Screen for real-time insider transactions here. Dataroma also provides 13-F data and analysis for free, with ads.
EDGAR - EDGAR provides insider trading information on each company’s landing page under the “Classic Version” of EDGAR e.g. Tesla insider transactions and Elon Musk's transactions.
FINVIZ - Insider transactions - FINVIZ provides a feed of insider transactions.
Paid
InsiderScore (Verity) - InsiderScore provides high quality, human-reviewed data on insider transactions and more.
BamSEC - BamSEC provides basic insider trading data.
Expert call aggregators
Many investors rely on expert calls to better understand what’s really going on under-the-hood at public companies.
Tegus - The Tegus database is a smart-searchable platform of peer-led expert call transcripts by investors for investors. Tegus now comes bundled with BamSEC.
Stream (AlphaSense) - Stream is a library of transcripts and one-on-one calls with former executives, customers, competitors, and channel participants.
SEC filing search & analysis
The following tools facilitate research involving SEC filings.
Free/Freemium
SEC EDGAR Full Text Search - EDGAR offers free full text search of the full EDGAR database.
SEC Report - SEC Report is in many ways a copy of EDGAR. One cool thing about SEC Report, however, is that they report U.S. senator trading here.
Dudil - Dudil writes company-specific articles about red flags found in securities filings
Paid
Bedrock AI - Bedrock is an equity research platform that uses language models to extract qualitative red flags from securities filings and predict fraud.
AlphaSense - AlphaSense is a market intelligence platform focused on “smart search”. AlphaSense facilitates search of filings, transcripts, news and equity research.
Sentieo (AlphaSense) - Sentieo provides smart search for filings and other market information as well as table extraction and transcript analysis.
DisclosureNet (Certent) - DisclosureNet facilitates filings search for U.S. and Canadian filings. DisclosureNet is a lifesaver for anyone attempting to use SEDAR.
inFilings (Verity) - inFilings specialises in SEC filings, investment ideas generation, and data mining services.
280First - 280First analyzes unstructured financial data.
New Constructs - New Constructs uses a combined machine learned and human approach to identify items in footnotes etc. that are relevant to assessing earnings quality. New Constructs provides research, ratings and fundamentals datasets.
BamSEC - BamSEC is a search engine and data extraction tool that focuses on SEC filings and earnings transcripts. Watch out for the 7 day trial. If you forget to cancel before the 7 days is up, they will not give refunds on the ~$1K annual fee.
Draftable - Draftable provides blacklines/redlines for both PDFs and word documents and gets good reviews.
SEC correspondence
The SEC’s Corporate Finance Division frequently sends letters asking for clarification on or requiring changes to a company’s disclosure. This correspondence between the company and the SEC is eventually made public on EDGAR.
Free
EDGAR - SEC correspondence can be found via a company’s EDGAR page. Look for “UPLOAD” and “CORRESP” filing types.
Paid
Bedrock AI - Bedrock AI provides a unique service whereby SEC comment letter information is extracted from the PDF and presented in an easily readable format, allowing users to identify interesting commentary without downloading PDFs. Unlike EDGAR, Bedrock sorts SEC comment letters by the date the correspondence was made public, and not the original filing date.
SEC correspondence can also be accessed through a Bloomberg Terminal and other full service research tools.
Research/news aggregators and online communities
These tools help bring together equity research, analysis and news in one place.
Harkster - Harkster makes it easy to keep track of all the financial substacks and newsletters. You can view topic-specific newsletter feeds.
Commonstock - Commonstock is an online investing community that amplifies insights from top investors, backed by the performance and portfolio in their linked brokerage accounts.
Seeking Alpha - Seeking Alpha is a large online investing community. Professional and amateur investors and analysts share new investing ideas, discuss the latest news, debate the merits of stocks etc.
Value Investors Club - Value Investors Club is an invite-only online community for discussing stock ideas.
SumZero - SumZero is an online community of 16,000+ buy-side professionals. Members are pre-screened before being admitted.
StockTwits - StockTwits is a social media platform designed for sharing ideas between investors, traders, and entrepreneurs.
Financial news aggregators:
The Fly on the Wall - The Fly consolidates and distributes financial news.
Bedrock AI - Bedrock AI provides real-time, AI generated news sourced directly from SEC filings. See high-impact news before it hits the news.
Emerging Markets Skeptic - News aggregation for emerging markets.
Dudil - Dudil writes company-specific articles about red flags found in securities filings
Benzinga - Benzinga is a financial news aggregator and distributor. They are well known for their APIs.
Financial APIs
Do you prefer to take an algorithmic approach to trading or investing? The following APIs provide stock price, fundamentals and/or other financial data.
SEC API - SEC API allows you to query the SEC filings corpus in real-time, download filings, access historical metadata etc. EDGAR is no longer very “scrapable” so you can’t replicate the SEC API on your own. SEC API is not affiliated with the Securities Exchange Commission.
Nasdaq Data Link (formerly Quandl) - Quandl provides great APIs for a wide variety of data products, including traditional and alternative data sources.
Aspose - Aspose provides .NET, Java, C++ and Python APIs for XBRL processing/creation as well as PDF processing and table extraction.
Services that provide stock price and fundamentals data via API include:
Quant platforms
QuantRocket - QuantRocket is a Python-based platform for developing automated quantitative trading strategies. It provides data collection tools, a research environment, multiple backtesters, and live and paper trading through Interactive Brokers (IB).
We’re still working on this list….DM us your favourites!
Find Part 1 of this equity research tool list here.
Bedrock AI is a web-based equity research platform. Our software extracts red flags from SEC filings that are predictive of downside risk.
Explore real-time analysis of annual and quarterly statements, 8-Ks, prospectuses, SEC comment letters and more for over 7,000 tickers. Analysis is served without human intervention.
Request a trial here. Connect with us on Twitter. Learn about forensic investment research at www.bedrock-ai.com/learn