Opportunities’ investable universe includes U.S.-listed companies with a market capitalization of up to $10 billion (with some exceptions). To identify potential candidates, the Investment Team’s Analysts apply both quantitative and qualitative research methods across this universe. This may include filtering for financial metrics that signal business quality, analyzing company filings and earnings transcripts, and engaging with industry participants to gather additional insight.
Opportunities
Opportunities is an actively managed portfolio of U.S. small- and mid-cap growth stocks that we believe have strong growth potential.
What is Opportunities?
Opportunities is an equities portfolio focused on smaller, under-the-radar U.S. companies, aiming to outperform the Russell 2000 over a 3–5 year investment horizon.
Our team employs deep fundamental research to uncover high-potential businesses across sectors such as defense, commodities, and emerging technology—where we believe there may be asymmetric upside potential. Unlike Flagship, which targets large, global conglomerates, Opportunities takes a more tactical, event-driven approach, concentrating on smaller enterprises and key catalysts to pursue competitive returns across dynamic market conditions.
The Process
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.
After reviewing a company’s business fundamentals, the team may evaluate its valuation profile. This involves analyzing the company’s long-term prospects, potential risks, and intrinsic value relative to its current market price. 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.
When a company is added to the Opportunities portfolio, the Investment Team monitors the position alongside other holdings. This includes ongoing evaluation of the investment thesis, company performance, and risk/reward dynamics. Positions are generally conviction-weighted, reviewed periodically, and may be rebalanced when appropriate. Holdings are typically maintained for the long term, unless the original thesis deteriorates or a more attractive opportunity is identified.
Key Facts
- Asset Class: Stocks
- Advisory Fees: 0.20%
- Withdrawals: Daily
- Inception Date: August 17, 2020
- Minimum Investment: $100
- Withdrawal Interval: Daily
- Tax Reporting: 1099-DIV
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2. This strategy has an advisory fee of 0.20% on assets under management, which is in addition to the $25 monthly client fee.