Concentrated U.S. Value
Our concentrated value strategy seeks long-term capital appreciation. Initially offered in 1994, our concentrated value strategy takes larger portfolio positions in individual companies to accommodate investors who are comfortable with a higher potential level of single security driven volatility. Our concentrated value strategy portfolios typically hold 20 – 30 positions. Appreciating positions will often grow to 7% – 15% of portfolio assets.
Our concentrated value strategy employs the same exacting research process as our diversified strategy. We focus on identifying businesses trading below their true worth, which we determine through both fundamental and qualitative research analysis. Our concentrated value strategy focuses predominantly U.S. equities with a bias toward small and mid-sized companies where our proprietary research can identify opportunities other investors have either ignored or failed to see. Each portfolio investment is individually researched and selected for its long-term upside potential. Our time horizon for investments is 3-years or greater, which reduces costs related to portfolio turnover, including capital gains for taxable investors.