Titan Flagship
Flagship is an actively managed portfolio of US Large Cap stocks
Longest-standing actively managed equity strategy
Aiming to outperform the S&P 500
US Large Cap Stocks
What is Flagship?
Flagship is our longest-standing actively managed equity strategy, built to drive long-term growth. It centers on large U.S. companies that play a vital role in everyday life—think Amazon, Microsoft, Google, Mastercard, and others.
Backed by rigorous fundamental research, our team seeks to construct a focused portfolio of market-leading businesses, with the goal of outperforming the S&P 500 over the next 3 to 5 years. The philosophy behind Flagship is straightforward: invest in fundamentally strong companies at compelling valuations—and hold them with conviction.
Key Facts
The Process
Behind the scenes on our process
Idea Generation
Flagship’s investable universe includes all U.S.-based stocks with greater than $10B market capitalization. To identify
potential portfolio candidates, the Investment Team’s Analysts employ quantitative and qualitative research across companies in the investable universe. This research includes filtering by financial metrics we believe are leading indicators of business quality, reading through company filings and transcripts, networking with industry participants, and much more.
Fundamental Research
Once a potential candidate is identified, the Investment Team conducts bottom-up research to assess whether the business has durable competitive advantages, attractive growth characteristics, sound unit economics, and experienced leadership. This review typically includes financial statements, management commentary, and third-party research, and may also involve discussions with company stakeholders and industry professionals to better understand operating trends and long-term viability.
Valuation
Once the Investment Team has validated the company’s competitive advantages, growth prospects, and management quality, they
analyze the stock’s absolute and relative valuation vs. their estimate of its long-run intrinsic value. The team typically seeks investments where the projected return over a multi-year period meets or exceeds an internally defined threshold, assuming base-case operating outcomes and limited or no multiple expansion.
Portfolio Management
Once a company makes it into the Flagship portfolio, the Portfolio Manager and Analysts monitor the position daily
alongside the other holdings, watching for signposts that their thesis is playing out (or not). Typically the 15-25 Flagship positions are held in roughly equal weights with fairly low annual turnover and occasional rebalancing when the weights deviate widely. Otherwise, positions are held for the long term and only exited/changed when the team believes the investment thesis has played out, has deteriorated, or has been eclipsed by a much more attractive risk/reward opportunity in another stock.