Greenwich Wealth Management LLC

US Equity All Cap Undervalued

Managed by Greenwich Wealth Management LLC
ConcentratedMacroeconomic viewConservative

The Portfolio Manager believes that investors are more likely to outperform over the long run if they hold stocks that are undervalued. The investment strategy is to identify stocks that have an intrinsic value greater than the current market price. While the portfolio usually has a value tilt, growth stocks are included if they are determined to be undervalued. A wide range of market capitalizations are included; however, the Portfolio Manager tends to avoid stocks that have market caps of less than $800 million. This is a concentrated investment strategy with approximately 10 to 20 individual stocks at any one time. ETFs are sometimes used in order to add exposure to certain industries and sectors.

Portfolio risk score
Strategy Stocks
Management fee 1.00%
Min investment $20,000
Performance
Commentary

Performance

Last 30 days 11.0%
Last 90 days 5.2%
Last 365 days -7.2%
Since inception (annualized) 12.6%
2022 (YTD) -7.6%
2021 34.1%
2020 6.8%
2019 33.1%
2018 -11.8%

Risk metrics (last 365 days)

Volatility 26.0%
Sharpe ratio -0.38
Sortino ratio -0.57
Maximum drawdown -23.8%
Value-at-risk (95%, 1 week) -6.0%

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Portfolio information

Research

The Portfolio Manager uses various initial screens then applies a conservative discounted cash flow analysis on the remaining companies to find stocks that are undervalued. Further fundamental research is done by reviewing each company’s press releases and SEC filings. The valuation model is refined as new information comes out that might affect the stock’s intrinsic value.

Approach

The Portfolio Manager uses various filtering techniques that take into consideration a number of factors including his macroeconomic views. He then applies his conservative discounted cash flow model to identify stocks that are undervalued. He conducts further research on the remaining stocks by reading through press releases and documents filed with the SEC.

Sell discipline

The Portfolio Manager periodically revalues all positions using a conservative discounted cash flow model. He adjusts variables in the model based on new information regarding the company’s prospects. Stocks are sold when the Portfolio Manager determines they are no longer undervalued based on this model.

Exceptions

The Portfolio Manager recognizes that sometimes momentum can drive stock prices higher. As a result, he may choose to keep a stock in the portfolio even if his analysis determines that it is no longer undervalued.

Greenwich Wealth Management LLC

About Greenwich Wealth Management LLC

Greenwich Wealth Management, LLC, founded in 2006, is an SEC-registered investment adviser with more than $1.3 billion under management in separately managed accounts.

The portfolio manager, Vahan Janjigian, holds a PhD in Finance and the CFA designation. He serves as Chief Investment Officer at Greenwich Wealth Management. He was previously a finance professor at a number of universities and Chief Investment Strategist at Forbes Media. He continues to teach a course in equity analysis in New York City and Singapore through Baruch College. Vahan Janjigian joined Greenwich Wealth Management in 2010.

Disclosures

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.

This portfolio was launched on Interactive Advisors on May 18, 2017, when clients were able to start investing in it. All performance information on this page is actual performance of the Portfolio Manager’s account and presented “net of fees”. The actual performance chart is provided for informational purposes only, and should not be used as the basis for making an investment decision. Actual client returns will differ. All Portfolio Manager information including personal data, profiles, and strategies 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.

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