Managed Stocks
About Titan Offshore
Titan Offshore is our international all-cap strategy. It seeks to invest in equities of market-leading non-U.S.-based companies. The objective is to outperform the MSCI ACWI ex USA Index over a 3-5 year horizon.
The Offshore investment process involves deep fundamental research into a company’s operating and financial prospects. The strategy aims to identify companies with durable competitive advantages, strong growth prospects, excellent leadership teams, and attractive valuations. The resulting portfolio consists of ~15-25 long positions, plus a personalized hedge based on each client’s individual risk tolerance, which aims to reduce market exposure during downturns.
The Offshore portfolio is monitored daily and updated by the Portfolio Manager and Investment Team based on the prospective risk/reward of each holding compared to alternatives in the strategy’s investable universe.
Offshore Explained
Key Facts
Minimum Investment
$500
Asset Class
Stocks
Liquidity
Daily
Stocks
~15 - 25
Mandate
Intl. Only
Average Market Cap
$130B
Inception Date
4/6/2021
Titan Advisory Fee
$500 - $24,999 Net Deposits
0.90% AUM Per Year
$25,000 - $99,999 Net Deposits
0.80% AUM Per Year
$100,000+ Net Deposits
0.70% AUM Per Year
Current Holdings
Invest in Offshore to view holdings
“With 75%+ of nominal global GDP generated outside of the US, our objective is to provide the average investor access to value created in foreign markets. With a bottom-up fundamentals-first approach combined with an understanding of the macroeconomic landscape, Offshore looks for secular winners with structural advantages in fast growing economies globally.”
Christopher Seifel
Analyst, Titan
Process
Idea Generation
Offshore’s investable universe includes all non-U.S.-based stocks listed on U.S. exchanges as equities or ADRs. 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 portfolio candidate is identified, the Research team conducts bottoms-up fundamental research to determine if the business has durable competitive advantages, strong growth prospects and unit economics, and solid management. This process consists of reading the last few years’ company filings, earnings transcripts, management presentations, and sellside research to understand how the company and industry operate. Often it involves calls or meetings with management teams, company shareholders, and industry professionals to try to validate the company’s candidacy in the Offshore portfolio. Detailed analysis is also conducted on company’s historical financial statements to understand operating trends.
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 targets a +15% minimum annualized return over a 3-year period for each Offshore holding, assuming little/no multiple expansion.
Portfolio Management
Once a company makes it into the Offshore portfolio, the Portfolio Manager and Research team monitor the position daily alongside the other holdings, watching for signposts that their thesis is playing out (or not). The Offshore positions are held in conviction 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 investment thesis has played out, has deteriorated, or has been eclipsed by a much more attractive risk/reward opportunity in another stock.
Track Record
View Risks & DisclosuresTitan | MSCI ACWI ex USA | |
|---|---|---|
Cumulative Return (since April 2021) | -27.7% | -6.6% |
Annualized Return | -14.5% | -3.3% |
Sharpe Ratio | -0.75 | -0.26 |
Beta | 0.79 | 1.00 |
Alpha | -12.2% | 0.0% |
Best Month | 9.1% | 11.8% |
Worst Month | -9.9% | -10.0% |
Positive Periods | 9 | 13 |
Negative Periods | 16 | 12 |
About Titan
Modern investment management, fit for you
Titan is a managed investment platform. We work with top-tier investment firms to offer curated strategies and funds across asset classes, while also selectively developing our own proprietary products to help meet our clients’ needs. We founded Titan to set the new standard in wealth management: curated, comprehensive, simple-to-use—and fit for you.
Team
John Bottcher
Senior Investment Analyst
John has spent several years investing in global equities at multi-billion dollar firms, now focused on Opportunities and Offshore strategies.
Christopher Seifel
Investment Analyst
With a background in PE, Christopher focuses on the technology sector, specializing in software and semiconductors.
Emily Cherkassky
Multi-Asset Investment Lead
Formerly at a quant hedge fund, Emily oversees portfolio analytics and research across strategies.
Clayton Gardner
Chief Investment Officer
As Co-Founder, Co-CEO and CIO, Clayton oversees portfolio management for Titan’s proprietary strategies.
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