Core Approach:
We believe that by utilizing a fundamental, bottom-up investment approach, we can build portfolios where each company's upside return potential is at least twice that of its downside risk.
Our portfolio generally contains 35 - 45 investments. We typically weight individual securities equally at the time of their inclusion into the portfolio with position sizes averaging 3%. In no instance will an individual security comprise more that 4.5% of the portfolio at market.
Capitalization Range: $2 billion - $15 billion
Buy Discipline:
- Valuation – low end of historical range
- Catalyst – action or event has been identified
- Management – confidence in ability to execute
Portfolio Turnover: 75% - 100% per year
As of 6/30/2010
Source: Source: BNY Mellon Analytical Solutions and Evercore Asset Management, LLC.
| Market Capitalization(mm) | |
| Weighted Average: | $5,705 |
| Median: | $3,651 |
| Number of Holdings: | 34 |
| P/E(ex.negative earnings): | 13.5x |
| P/B: | 1.4x |
| Dividend Yield: | 1.3% |