We are dedicated to the fundamental values on which our firm was founded, and our mission is to preserve and grow your capital to help you achieve your financial goals.” – Quoc Tran, Chairman and Chief Investment Officer
Lateef Investment Management Becomes TCM – Tran Capital Management
In 2017, Quoc Tran, Chairman & Chief Investment Officer, and Eric Winterhalter, President, executed a management buyout of Lateef Investment Management. In the four years since, we are proud of the turnaround in investment performance and fiscal health that our firm has experienced.
“Becoming TCM - Tran Capital Management is a recognition of the hard work and accomplishments of our entire team as well as the aspirations of our organization to deliver on behalf of our clients in the dynamic capital markets of today and tomorrow” - Quoc Tran, Chairman & Chief Investment Officer, Tran Capital Management
High Quality Concentrated Growth Investing
Tran Capital Management, L.P., seeks to provide long-term capital appreciation and principal preservation by managing a concentrated, high-quality, growth portfolio that is differentiated from the overall market. TCM has maintained the same investment philosophy for over 40 years. Our process is rooted in the belief that earnings growth ultimately drives stock valuations as compounding occurs over time.
High Active Share
Our portfolios are consistently 85% differentiated from the market. We believe that in order to achieve long-term outperformance, our portfolios have to be different than the market.
TCM portfolios are comprised of a diversified group of 15 to 25 companies. The quality of investments matters more than the quantity. Concentrated portfolios allow us to maximize the effectiveness of our active share.
Our rigorous bottom-up research process seeks quality growth equities trading at reasonable prices (growth-at-a-reasonable-price, or “GARP”) and isolates investment opportunities based on the fundamentals of each particular company.
We construct portfolios we believe can grow through all periods of the economic cycle and seek protection against permanent capital impairment. We believe shareholders are rewarded for investing for the long-term.
We seek to buy and hold high-quality companies over the long-term (3-5 years). We let time work in our favor. High quality compounders allow us to extend our holding periods.
Our investment criteria identify companies with sustainable competitive advantages, high barriers to entry, strong balance sheets, and owner-oriented management.