Claire Brundage pitched to add Xylem (NYSE: XYL) on October 23, 2023. Xylem is a global market leader in the water industry dealing with water infrastructure and technology. Xylem is focused on solving various issues regarding access to clean water, transport of water and wastewater, treatment of wastewater, and the return of water to the environment. The company has operations in over 50 countries and provides solutions to sudden critical water scarcity issues globally. Claire’s investment thesis focused on Xylem’s unique and broad portfolio of products and solutions that are heavily focused on innovation and the globally increasing demand for clean water access. Due to recent developments including an SEC investigation into Evoqua, an acquisition that closed May 2023, a sudden rotation of the management board, and an overall lack of confidence about the near future of the company’s financial position, the class discussed and voted to not add Xylem to the portfolio.