The Focused Equity strategy seeks to grow capital by investing in companies with exceptionally high returns on capital, stable profit margins, and a consistent history of earnings growth. Qualitative analysis is used to better understand each company’s business model and any competitive advantages it may have.
Investments deemed to be trading at a discount to intrinsic value are used to construct a non-diversified portfolio of typically fewer than 20 holdings. Investments will primarily be made in the common stock of companies of any capitalization range. The strategy may invest assets in securities of foreign companies or ETFs of foreign indices, including emerging markets.
Sorted alphabetically by company name. Holdings are subject to change after the date presented. Quotes are 15 minute delayed.