SMA Inception Date: 7/1/1998
Objective: Seeks long-term capital appreciation through US-only equity exposure

Why Choose This SMA?

  • For US-only equity exposure.
  • As an actively managed, value-oriented US equity holding.

Investment Strategy

  • Strict, value-oriented approach that seeks out substantially underpriced companies with strong business fundamentals and proven shareholder-oriented management teams.
  • Bottom-up selection process leads to approximately 40 portfolio holdings with a market cap focus of $5 billion or more.
  • There are no restrictions on specific sector allocations; however, exposure to a single industry typically doesn’t exceed 25%.
  • Position sizes are generally restricted to 7% at the time of the initial purchase.

Portfolio Managers

Tony Coniaris, CFA®

Partner, Co-Chairman and Portfolio Manager