Deep Value Orientation:
We capitalize on pricing anomalies created by investors' irrational response to near-term events.
Our portfolio generally contains 40 - 60 investments. We typically weight individual securities equally at the time of their inclusion into the portfolio with position sizes averaging between 2% and 3%. In no instance will an individual security comprise more that 5% of the portfolio at purchase.
Capitalization Range: $200 million - $2 billion
Buy Discipline:
- Understandable business model
- Realistic route to improvement
- Compelling valuation
Portfolio Turnover: 25% - 30% per year
As of 6/30/2010
Source: BNY Mellon Analytical Solutions and Evercore Asset Management, LLC
| Market Capitalization(mm) | |
| Weighted Average: | $2,149 |
| Median: | $1,187 |
| Number of Holdings: | 42 |
| P/E(ex.negative earnings): | 14.0x |
| P/B: | 1.0x |
| Dividend Yield: | 1.2% |