- Concentrated
– 20-25 all-cap companies
– We only invest and allocate to our highest conviction ideas
– Portfolio level risk management is sharpened
– Enables rigorous and eclectic research - High Active Share
– The portfolio is consistently ~85% different from the market - Growth
– Focused on high-quality companies that can compound over time - Long-term
– Allows us to look beyond consensus towards long term signals instead of quarterly noise
– Time works for us, not against us with true compounders
– Our long term view allows us to take advantage of price dislocations caused by short term volatility
– Tax efficiency is a significant component of our value proposition - Capacity Constrained
– Expands investable universe creates more alpha potential
– Investments can be allocated with agility across market capitalization - Benchmark Agnostic
– Managed for risk-adjusted returns without regard to tracking error
– Mindful of sector and country weightings but focused on best ideas
Multi-Cap Growth Equity
We construct concentrated portfolios of high-quality growth companies with improving fundamentals purchased with a value discipline. We believe that by having a long-term point of view, we can focus on the true drivers of economic growth rather than short term distractions.– Quoc Tran, Chairman and Chief Investment Officer