 |
|
|
|
|
|
|
|
 |
|
 |
|
|
|
|
 |
Growth Equity Portfolio Manager:
Rupert E. Grimm, CFA view Rudi Grimm's profile
Please contact the sales representative serving your area to receive a complete Growth Equity Product kit.
Top 10 Holdings
Weekly Portfolio Update
Investment Review & Market Outlook
Quarterly Letter (Adobe Acrobat required)
Distinguishing Features
- An established management team together for over 25 years
- A focus on large and midcap companies which we believe can sustain
superior earnings growth over an extended period
- Managing the portfolios with quantitative disciplines in support of
our investment research with an emphasis on valuation, earnings momentum
and price momentum
- An annualized return over the last 10 years exceeding that of the S&P 500 Index
(Past performance is not a guarantee of future results. Returns are
before management fees 7/1/90-6/30/00.)
Philosophy
Berkeley Capital Management’s Growth Equities investment philosophy is
based on the belief that competitively strong companies which are
capable of sustaining superior earnings growth should, over time,
produce above average investment results. Berkeley also believes that
performance can be enhanced by selecting growth stocks which are most
attractive on a combination of valuation and momentum factors.
Investment Process
- Focus List
From a universe of companies with analysts’
expectations of above average earnings growth and a market
capitalization of a least $2 billion, we develop a Focus List
of companies that we believe can sustain superior earnings
growth over a 5 to 6 year period. The Focus List is a dynamic
list, yet does not change significantly over shorter periods of
time. Typically, these companies are competitively strong with a
significant and growing market share. Also, they are typically
more innovative; and they are realizing superior profitability,
above average sales growth, better than average earnings
stability* and superior free cash flow.
*Not all of the portfolio
has positive earnings
- Purchasing Securities
We use proprietary quantitative
tools to support our extensive internal and external investment
research to purchase and sell securities. We select companies
from the focus list, which are most attractive based on a
combination of:
- Valuation – low price vs. the discounted value
of a stream of expected earnings
- Earnings Momentum – strong gains and rising expectations
- Sell Discipline
We sell stocks when events occur which
affect expectations of long term earnings growth, or if there is
a loss of earnings momentum not recoverable within six months.
We also sell when significantly more attractive situations are
available. It is important to note, however, that our orientation
in the investment process is to take a longer-term view, and as
much as possible minimize the need to sell and create turnover.
- Portfolio Structure
- Large and medium capitalization companies.
- Portfolios are typically fully invested.
- Portfolios are diversified to minimize risk:
- 35 to 45 names
- individual security purchases not to exceed
5% of the portfolio, but allowed to appreciate
to a maximum of 10% of the portfolio
- broad industry diversification with limits on
industry sector concentration
back to top ^
About Us | Products | Personnel | Resources | Contact
Copyright 2001 Berkeley Capital Management.® All rights reserved.
Berkeley Capital Management is registered with the SEC under
the Investment Advisors Act of 1940. All information provided herein
is general in nature. Nothing on this page constitutes an offer to
sell securities, provide investment services of any description, nor
constitutes investment or legal advice.
|
|
|
 |
|
 |
 |
|
 |
 |
|
|
 |
|
 |
 |
|
|
 |
|
|
 |
|
|
 |
|
 |
|
 |
|
| |