US Equity All Cap Undervalued
Managed by Greenwich Wealth Management LLC
4.0%
Last 30 days
-5.5%
Last 90 days
-0.3%
Last 365 days
-0.12
Sharpe Ratio
-26.6%
Max Drawdown
US Equity All Cap Undervalued
Managed by Greenwich Wealth Management LLC
4.0%
Last 30 days
-5.5%
Last 90 days
-0.3%
Last 365 days
-0.12
Sharpe Ratio
-26.60
Max Drawdown
Risk score
Strategy Stocks
AUM fee 1.00%
Requirements
• Investment minimum: $20,000
or Sign up to invest
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.
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.
Allocation discipline
The portfolio is concentrated, holding approximately 10-20 stocks at any time. Stocks are weighted approximately equally and the portfolio may be rebalanced periodically.
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.
