Universe: Publicly listed companies, largely in North America, with growth characteristics, i.e., minimum target revenue growth of 10% or higher.
Competitive Moat: Portfolio companies continuously innovate to gain market share and displace established, market leading firms, products and alliances.
Sustainable Secular Growth: Moat-worthy companies on the right side of secular trends experience higher growth rates versus their peers and industries.
Valuation: Capital allocated to moat-worthy, disruptive growth companies at reasonable prices should appreciate with the growth of underlying business.
How We Differ: We are focused on long-term earnings trajectory versus measuring success from near-term cash flows. This leads to better success in companies with large addressable markets and competitive moats.