The TCM Partners strategy was born with the reorganization of our company in 2017. It is our most concentrated strategy, investing in a “best ideas” portfolio of high-quality companies that present improving fundamentals and reasonable valuations. Investment decisions reflect our long-term point of view, which enables us to focus on the true drivers of economic growth rather than short term distractions.
We view candidates for investment in much the same way a strategic investor considers an acquisition target, asking: Does this company have the potential to grow for a long time? Does company management have deep ownership and an independent mindset? Would we want to own the entire company and merge it into our enterprise?
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).