The Large-Cap Value Strategy seeks long-term risk-adjusted returns that exceed the broad market.
The strategy usually holds 35 – 50 broadly diversified, mid/large-cap equities, with an average position size of 2 – 4%.
Our approach relies on fundamental research to identify companies that we believe are sufficiently undervalued yet have acceptable risk profiles.
At least 75% of the portfolio contains basic companies that we believe will compound value over extended periods of time via strong internal growth rates. We will invest up to 25% in contrarian & deep cyclical companies if the risk/reward is extraordinary.
When considering companies, we actively screen for financial strength, sustained profitability, and competitive position in essential industries, with an emphasis on understandable businesses and risk-reflective capital appreciation potential.