We launched our Blue Chip Equity strategy in 2012 after noticing a trend in our MidCap strategy – many of our successful MidCap investments eventually “graduated” from our universe. We still thought highly of these companies – great businesses, talented management, trading at a discount to intrinsic value – but over time we would let them go as they grew further away from our MidCap mandate. 

Our Blue Chip Equity strategy applies the same fundamental approach that has driven the success of our MidCap Equity strategy to an expanded opportunity set, inclusive of large-cap companies. With Blue Chip, we no longer have to sell for market cap reasons – our market cap “lid” has effectively been taken off.

As always, our focus is on investing in companies that we believe possess sustainable competitive advantages and owner-operator management teams, while keeping a constant focus on valuation and risk reduction. 

Strategy Attributes

  • Active: our strategy is not highly benchmark aware. We invest in what we believe to be the best opportunities available that meet our criteria. Our strategy typically has only 40-50 holdings.
  • Risk Reduction: typically, our process lags slightly during fast-rising markets and holds up well during distressed and stable markets. 
  • Low Turnover: our long-term focus results in relatively low portfolio turnover, about 20-30% per year, on average.
  • Owner-operators: this emphasis is just as strong in our Blue Chip portfolios as it is for MidCap, a differentiator when comparing Blue Chip to other large-cap portfolios.


Investment guidelines are subject to change