FPCM’s Focus strategy is a highly concentrated, opportunistic equity strategy that is managed for long-term capital appreciation. The Focus strategy is managed on a separate-account basis, and is geared toward institutional investors and ultra high net worth investors seeking long-term capital appreciation through an actively managed, concentrated strategy with high active share.
The Focus strategy owns a select number of equities, no less than 15 and no more than 25 companies, with the largest position size limited to 15% of the portfolio. Due to the opportunistic nature of this strategy, the Focus portfolio is both sector and style agnostic. The Focus investment philosophy is rooted in owning durable businesses that can grow, generate attractive returns on invested capital and free cash flow, and benefit from secular trends. Due to the long-term investment horizon of the investment process, the strategy historically has had low turnover.