The TCM Partners Strategy is a more concentrated implementation of our flagship Multi-Cap Growth Strategy. Built from the same disciplined investment process and long-term philosophy, it emphasizes our highest-conviction investment ideas through a more focused portfolio.
The strategy typically consists of 20–25 holdings, representing a concentrated subset of the companies held in the Multi-Cap Growth Strategy. While the portfolios typically share many of the same investments, the Partners Strategy allocates more capital to the businesses where our conviction is greatest.
Designed for investors seeking a more focused implementation of our investment philosophy, the Partners Strategy provides concentrated exposure to exceptional businesses with durable competitive advantages, outstanding management teams, and attractive long-term growth potential.
(1) Past performance is not indicative of future results. The actual return and value of an account will fluctuate and at any point in time could be worth more or less than the amount initially invested. Performance is provided as supplemental information and is based on the Multi-Cap Growth Equity Strategy Composite. Performance results reflect all income, gains and losses and the reinvestment of interest and other income. All rates of return are reported “NET” of fees. Additional information regarding the policies for calculating and reporting returns is available upon request.
(2) The S&P 500® is an unmanaged stock market index and is not available for direct investment. The S&P 500® Index represents the stocks of 500 leading U.S. publicly-traded companies from a broad range of industries. The performance of an unmanaged index reflects no deductions for fees, expenses or taxes which would affect performance of actively managed assets. The volatility of the S&P 500® Index may be greater or less than the volatility of the portfolios in the composite. PSN All Cap Core Universe is provided by Informa Investment Solutions, Inc.(PSN) and is not available for direct investment. The holdings presented represent the model portfolio and are classified using Global Industry Classification Standards (GICS).
12-20 all-cap companies, our highest conviction ideas
The portfolio is consistently ~85% different from the market
Well managed companies that can compound growth of our clients’ investment capital over time
Looking beyond the market consensus view toward true contributors to long term shareholder value creation
Managing for attractive after-tax returns
Seeking to ensure agility thus improving opportunity for superior risk-adjusted return
Managed for risk-adjusted returns without regard to tracking error. Mindful of sector and country weightings but focused on best ideas
Continuous portfolio and company monitoring with proprietary “moat trajectory” analysis
The Partners Strategy portfolio is constructed from the bottom up, based on discovery and analysis conducted with a long-term, fundamentals-based perspective.
Current and future portfolio holdings are subject to change and risk. References to these companies are not a solicitation or a recommendation to buy, hold or sell any securities. The holdings presented are classified using Global Industry Classification Standards (GICS).
