INVESTMENT PHILOSOPHY


We seek competitive risk-adjusted returns over a full market cycle through a concentrated portfolio of companies that we believe offer durable fundamental strengths, sustainable competitive advantages and compelling valuations. 
 


 


 


  • Absolute growth rates  

    We seek business models that we believe can support high absolute growth rates.

  • Strong Sustainable Business Advantages (SBA)

    We focus on sustainable advantages to uncover persistent drivers of shareholder value across the economy.

    We define strong SBAs in a company as the potential to create tangible enterprise value through sustainable drivers that lead to revenue growth, cost improvement, or enhanced franchise value.

  • Sustainability 

    We use a sustainable investment research framework developed over 10+ years that seeks to identify risks and opportunities that help add value to our due diligence.

  • Valuation 

    We use financial modeling to assess upside and downside price targets to guide risk/return expectations over a multi-year forward horizon.

 

AUDIO UPDATES

The Portfolio Manager discusses the portfolio’s performance and positioning for the fourth quarter 2024, as well as his outlook for the strategy.


Disclosures can be found here

Previous Quarters   

2024 - Quarter 3

2024 - Quarter 2

2024 - Quarter 1