How We Invest
How We Evaluate Quality
Key attributes often include:
Superior Product or Service
Durable Business Model
Exceptional Management
Network Effects
Financial Attributes of Portfolio Holdings
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Durable sales growth
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Strong free cashflow
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Stable or improving margins
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Future high return profile
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Sustainable earnings growth
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Strong balance sheet
Our Investment Process
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Idea Generation
Focused and purposeful
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Company-Specific Research
250-300 companies
350-400 management meetings annually -
Watch List
Stock scoring model
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Portfolio Integration
30-55 holdings
Quarterly portfolio reviews
Risk Management
Proprietary Risk Management Tools - Discipline and process can help mitigate human bias
Portfolio dashboard that measures whether behavior in context of a market environment aligns with expectations
Weekly tool that evaluates 25 fundamental, valuation and technical factors and helps to identify candidates for additional examination
Quarterly forensic accounting review by Manager of Risk Analysis. Companies with low grades discussed by team at portfolio reviews
ESG Integration
We believe companies who carefully evaluate ESG risks and opportunities in their businesses are equipped to create shareholder value with less risk over time. Our approach is non-concessionary, meaning we will not sacrifice performance in favor of any ESG factor.
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Sustainability Assessment
Proprietary Sustainability Assessment for every portfolio holding.
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Focus on Materiality
Guided by SASB standards on materiality we look for financially material and decision-useful information in our research.