We seek long-term, consistent above-average returns, through investment in high quality large-cap stocks with above-average earnings growth while maintaining a low relative risk profile.
We believe in a disciplined approach to growth investing in which we target investment in companies with predictable above-average earnings growth potential at reasonable valuations.
- Understandable, predictable earnings growth
- Industry leadership with growing or dominant market share
- Strong financials — high returns and free cash flow generation
- Proven management track record
- Reasonable valuation levels
The team employs a fundamental, bottom-up, research-driven investment approach, resulting in a process that is both disciplined and repeatable. Starting with a universe of approximately 750 names, the team drills down, monitors and researches a focused list of companies on a regular basis, assessing several earnings and valuation metrics, with the objective of identifying those companies with both high quality and sustainable growth at a reasonable price. The final 50-65 names in the strategy are those that represent our strongest expectations for ongoing growth at a reasonable price. The team has a long-term investment horizon and tends to hold a stock until either its growth prospects diminish or it has become overvalued. Sector allocation is a fallout of the stock selection process, but is monitored as part of the portfolio risk control process.
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