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Large-Cap Equity Portfolios
"Participate and Protect"™
We have followed a long-term goal of seeking superior
returns, while exposing our managed accounts to only moderate risks. To
achieve our goals, we emphasize high-quality growth companies that exhibit
reliable above-average earnings growth. We then perform multiple screens
to develop a portfolio concentrated in companies that show attractive
growth characteristics, purchased only when valuations are reasonable.
Stock Selection
We perform bottom-up,
in-depth fundamental research
We seek to purchase
growth companies selling at reasonable valuations with the following
characteristics:
Sustainable
competitive advantages
Predictable
and dependable cash flow
High-quality
management teams
We look for companies
with solid balance sheets
We focus on limiting
downside risk while participating in rising markets
We will sell
a stock when valuation appears full, if there is a breakdown in fundamentals
or if we uncover a more attractive alternative
Our Universe
We subject our universe of prospective stock holdings
to rigorous fundamental analysis. Given our stringent requirements, our
analysis has tended to focus primarily on five broad market sectors: Financial,
Consumer, Health Care, Technology and Industrials.
Portfolio Description
- A "best ideas" concentrated approach
- At least 75% of
our holdings will be "Large-Cap" (>$10 billion) with up
to 25% in "Mid-Cap" (>$500 million)
Portfolio Management
Managed by Madison's equity team, Jay Sekelsky serves
as lead portfolio manager. Sekelsky is Managing Director and Principal
of the firm. He holds a BBA and MBA from the University of Wisconsin and
has earned both the CPA and CFA designations.
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