Crabtree Technology

Managed by Crabtree Asset Mgmt

5.2% Last 30 days 2.1% Last 90 days -3.1% Last 365 days -0.24 Sharpe Ratio -29.3% Max Drawdown

Crabtree Technology

Managed by Crabtree Asset Mgmt

5.2% Last 30 days 2.1% Last 90 days -3.1% Last 365 days -0.24 Sharpe Ratio -29.30 Max Drawdown
Risk score
Strategy Stocks
AUM fee 1.00%
Requirements
• Investment minimum: $30,000
or Sign up to invest
Crabtree Technology is a science and technology, long-only investment strategy. It seeks to outperform the NYSE Arca Technology 100 Index. The strategy seeks companies that consistently meet three criteria that Barry calls the Crabtree Attributes: Potential investments must
a) consistently generate cash,
b) hold on to or increase their market share, and
c) do so while executing on their operational and financial plans.

Research

Barry has used the same screens for over 17 years to find his potential investments. His screening process measures cash flow, changes in market share and looks for signs of business model execution. Stocks that he thinks possess the Crabtree Attributes are subject to additional fundamental analysis. The Crabtree Technology portfolio is rebalanced once every quarter using this unbiased, disciplined process

Approach

Barry’s investing style starts with a disciplined process that helps him find companies with the Crabtree Attributes. He personally believes that a portfolio of companies with the these attributes can generate positive, risk-adjusted returns. He seeks to build a broad base of knowledge about all tech companies, instead of knowing “everything” about just a handful of companies. The investment strategy will not invest in Exchange Traded Funds (“ETFs”), but will invest in American Depositary Receipts (“ADRs”). ADRs are receipts of shares of foreign companies that trade on the U.S. stock market.

Allocation discipline

The Crabtree Technology portfolio seeks to own 50 positions at all times. The portfolio is rebalanced roughly every three months. New positions usually make up 2% of the portfolio. Existing positions that remain in the portfolio are increased or decreased based on price strength or weakness.

Sell discipline

The main reason stocks are sold is because he believes they no longer possess the Crabtree Attributes. In that case, the company is sold as part of the rebalancing process, regardless of its stock price or price direction.

Exceptions

Barry reserves 10% of the strategy for companies he believes possess the Crabtree Attributes but were not spotted by his screening process. Companies not caught by the screen may have recently gone public, were recently spun off from another company, or carry a premium valuation because of a potentially superior business model.
  • All performance information on this page is based on the performance of the Portfolio Manager’s account. Client performance may differ. This information was calculated on July 16, 2019.

    Daily returns
    Performance
    Russell 2000 Growth ETF
    S&P 500 ETF
    Manager (net of fees)
    Last 30 days 5.2% 4.1% 3.3%
    Last 90 days 2.1% 4.1% 1.9%
    Last 365 Days -3.1% 9.4% -3.3%
    Since inception (Annualized) 19.5% 15.6% 14.8%
    2019 (YTD) 19.8% 21.0% 20.4%
    2018 -8.5% -4.6% -9.4%
    2017 32.8% 21.7% 22.2%
    2016 19.9% 12.0% 11.7%
    2015 -4.1% 1.2% -1.3%
    2014 7.7% 13.5% 5.9%
    2013 46.8% 32.2% 43.3%
    2012 18.3% 16.1% 14.8%
    2011 -0.1% 1.9% -3.0%
    2010 26.4% 15.1% 29.4%
    Risk metrics (last 365 days)
    Russell 2000 Growth ETF
    S&P 500 ETF
    Manager (net of fees)
    Volatility 22.1% 15.3% 21.0%
    Sharpe Ratio -0.24 0.47 -0.26
    Sortino Ratio -0.31 0.60 -0.36
    Maximum Drawdown -29.3% -19.4% -28.8%
    Value-at-risk (95%, 1 week) -5.1% -3.5% -4.9%
    Additional metrics (last 365 days)
    vs. Russell 2000 Growth ETF
    vs. S&P 500 ETF
    Information Ratio -1.1% 0.0%
    Alpha -13.79 0.49
    Beta 1.28 0.99
    R-Squared 0.8% 0.9%
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About Crabtree Asset Mgmt

Crabtree Asset Management invests in growing technology companies. Barry Randall is the firm's founder and chief investment officer. He has more than 20 years of professional investing experience.

Barry spent five years as a technology stock analyst and 10 more years managing mutual funds that focused on small-cap and technology stocks. He has experience managing mutual funds and separately managed accounts as large as $650 million. Prior to earning his MBA in 1993, he spent six years as a professional computer programmer.

Barry earned a Wall Street Journal 'Category King' award for his co-management of a small cap mutual fund in 2006.

As of September 2017, Morningstar rated the Crabtree Multi-Cap Technology composite, of which the strategy offered at Covestor is a component, as having Four Stars for trailing 3-year, trailing 5-year and Overall

Barry has been quoted regularly in Forbes, US News & World Report, TheStreet.com and E-Commerce Times. He has appeared on CNBC, Bloomberg TV and Fox Business News.

Crabtree Asset Management LLC was founded in 2008 and is headquartered in Saint Paul, Minnesota.

Investment process

Barry regularly scans a universe of 1,400 potential holdings for possible investment ideas. He searches for companies that consistently generate cash, are increasing their market share and are executing their operational and financial plans.

Barry's stock purchases sometimes become takeover targets. Since he first offered the Crabtreee Technology portfolio in 2009, some of Crabtree's holdings have been acquired in M&A transactions.

Important Information

  1. Past performance is no guarantee of future results, and all investments, including those in this portfolio, involve the risk of loss, including loss of principal and a reduction in earnings.
  2. All performance information on this page is based on the performance of the Portfolio Manager’s account, using the manager’s own funds. Portfolio Manager’s pre-Interactive Advisors performance information may include performance of non-Interactive Advisors client accounts. Performance of the Portfolio Manager's account is calculated by Interactive Advisors on a daily time-weighted basis, including cash, dividends and earnings distributions and reflects the deduction of broker commissions. Manager returns include trades and positions that fail Interactive Advisors' trading rules, as a result, actual client returns will differ. Interactive Advisors advisory fees are simulated and applied retroactively to present the portfolio return "net-of-fees".
  3. None of the performance information displayed on this page is based on the actual performance of any Interactive Advisors client account investing in this portfolio. The performance in an Interactive Advisors client account invested in this portfolio may differ (i.e., be lower or higher) from the Portfolio Manager’s account performance based on any trading restrictions imposed by the client (resulting in different account holdings), time of initial investment, amount of investment, frequency and size of cash flows in and out of the client account, applicable brokerage commissions, and different corporate actions.Clients investing in this portfolio may view the actual performance of their investment in this portfolio by logging into their Interactive Advisors account and reviewing their customized dashboard.
  4. All graph data is as of the end of day for the referenced period, unless otherwise specified. The investment minimum is the minimum investment required to follow a particular portfolio. The minimum amount is determined by Interactive Advisors, based on the characteristics of the underlying portfolio. It should not be considered as specific investment advice for your investment situation.
  5. The performance charts are provided for informational purposes only, and should not be used as the basis for making an investment decision. We rely on mathematical formulas, computer programs, and pricing information from third-party vendors to provide these returns. Neither Interactive Advisors nor any of its data or content providers shall be liable for any errors in this information or any actions taken by you in reliance upon this information.
  6. Benchmark returns displayed have been calculated by Interactive Advisors using daily adjusted close prices and include dividend income. More information here. For certain portfolios Interactive Advisors uses an index as a benchmark, while for others it uses an investable exchange traded fund (ETF) as a benchmark. Index returns do not reflect the deduction of any management fees, transaction costs or expenses. Individuals cannot invest directly in an index. Investable ETF returns reflect the deduction of (i.e., are net of) management fees, transaction costs and expenses.
  7. All Portfolio Manager information including personal data, profiles, strategies, monthly investment reports, and historical results outside of Interactive Advisors has been provided by the Portfolio Manager. Interactive Advisors makes no representation or warranty of its accuracy, completeness or relevance and it does not represent the opinions of Interactive Advisors. Transaction history of Portfolio Managers is available upon request. Portfolio classifications are provided by Interactive Advisors, and are intended to serve as a general guide.
  8. These securities are currently held in the Portfolio Manager's brokerage account. Positions in the "Portfolio Holdings" table currently pass Interactive Advisors' trading rules, subject to individual client constraints. Eligibility for replication may change over time. Actual client investment holdings may vary.
  9. Not all transactions listed will appear in accounts due to Interactive Advisors' trading rules and individual client constraints. Eligibility of these securities is monitored periodically, and may change over time. Actual client investment holdings may vary.
  10. Real time transaction history for this portfolio is not available. Instead, the portfolio's positions are replicated daily. If you have any questions, please contact Client Services.
  11. Simulated performance of multi-manager portfolios is calculated as a weighted average daily performance of the underlying portfolios. It reflects the allocations through time of portfolios included in the multi-manager portfolio. The simulation does not include trading costs for changes to allocations, for example when the multi-manager portfolio is rebalanced. This means performance will be overstated, though not materially, relative to what a client might achieve. Fees are subtracted from the performance on a monthly basis to present the net return.
  12. This portfolio was launched on Interactive Advisors on September 30, 2011.
  13. The actual performance chart is provided for informational purposes only, and should not be used as the basis for making an investment decision. We rely on mathematical formulas, computer programs, and pricing information from third-party vendors (Thomson Reuters Worldscope database) to provide these returns. Neither Interactive Advisors nor any of its data or content providers shall be liable for any errors in this information or any actions taken by you in reliance upon this information.
  14. This portfolio was launched on Interactive Advisors on September 30, 2011. Returns information prior to the launch date consists of hypothetical back-tested data not based on actual trading of real client funds. These hypothetical results reflect the deduction of (i.e., are net of) Interactive Advisors' advisory fee, Interactive Brokers LLC brokerage or other commissions and other expenses that a client will have to pay if he invests in this portfolio after September 30, 2011. Hypothetical back-tested results are not an indicator of the future returns a client will realize by investing in this portfolio and no Interactive Advisors client actually attained these hypothetical results. For a more detailed discussion of an explanation of the hypothetical nature of this return information and a discussion of the calculation methodology used, review these disclosures.
  15. The actual performance of the manager account displayed on this page is based on the performance of an Interactive Advisors proprietary account invested using this strategy and is calculated by Interactive Advisors on a daily time-weighted basis, including cash, dividends and earnings distributions. The actual performance for this portfolio is presented “net of fees” and reflects the deduction of the Interactive Advisors advisory fee, Interactive Brokers LLC brokerage and other commissions and expenses that a client has to pay if he invests in this portfolio after the launch date.
  16. Transaction history is available upon request. Portfolio classifications are provided by Interactive Advisors, and are intended to serve as a general guide.
  17. The Portfolio Manager could use short selling to manage this portfolio. Short selling is more complex than simply owning securities, involves a high degree of risk, is highly speculative, and is not suitable for all investors. The risk of loss associated with short selling is virtually unlimited. Short selling may also involve additional expenses and risks, including hard-to-borrow stock charges and buy-in risk. You should only select a portfolio using short selling if you are comfortable with the level of risk involved in short selling.
  18. The Portfolio Manager could use borrowed funds or leverage to fund investments in this portfolio. Leverage indicates the level of margin utilized and is calculated by dividing gross exposure by portfolio net liquidation value. Leverage involves a high degree of risk, is highly speculative, and is not suitable for all investors. Leverage increases both the amount you may lose and the amount you may make in a portfolio, leading to higher returns in the case of favorable market movements but also larger losses under adverse market conditions. You may also incur additional expenses associated with borrowing funds. You should only select a portfolio using leverage if you are comfortable with the level of risk involved in using leverage.