Equity

LT Large Cap Fundamental Equity Strategy

The strategy seeks long-term capital appreciation by investing in large-capitalization companies.

Competitive advantages

Long-term thesis

The long-term investment thesis developed for each company allows the team to look through short-term dislocations.

Unique approach to valuation

A proprietary valuation framework that seeks to exploit price inefficiencies of high-quality companies.

Disciplined and repeatable process

Extensive bottom-up fundamental research coupled with a disciplined valuation approach allows stock selection to drive results.

Investment approach

A streamlined, compelling philosophy drives the team’s investment decisions.

An emphasis on fundamentals

The team focuses on identifying companies that they believe are exposed to secular growth opportunities, have differentiated and durable competitive advantages, commanding market shares, and large barriers to entry.

Long-term focus

The team's focus on investing in quality companies allows it to look through short-term dislocations and own stocks for a long period of time.

Disciplined approach to valuation

The team has a consistent and repeatable process which generates 5-year expected returns for each stock in the portfolio.

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Composite performance

Average annual returns

Average annual returns

(as of 3/31/2025)
1/1/2011
1M
3M
YTD
1Y
3Y
5Y
10Y
Inception
Composite (Gross)
-5.86
-4.32
-4.32
4.63
9.16
19.06
12.35
13.16
Composite (Net)
-5.90
-4.44
-4.44
4.11
8.56
18.39
11.70
12.50
Benchmark
-5.63
-4.27
-4.27
8.25
9.06
18.59
12.50
13.19

Performance is historical and does not guarantee future results. For more information, please refer to the GIPS composite report found in the documents section.


Calendar year

Calendar year

2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
Composite (Gross)
18.26
30.24
-15.34
28.35
15.78
34.23
-6.03
26.75
12.64
-3.12
Composite (Net)
17.67
29.50
-15.86
27.60
15.10
33.44
-6.59
26.01
11.97
-3.70
Benchmark
25.02
26.29
-18.11
28.71
18.40
31.49
-4.38
21.83
11.96
1.38

Performance is historical and does not guarantee future results. For more information, please refer to the GIPS composite report found in the documents section.


Our team
Meet the investment team

The team focuses on identifying fundamentally superior companies and owning them over the long-term.

View Team
Neville

Neville Javeri

Head of Empiric LT Equity
Matt

Matt Wittmer

Portfolio Manager

Key risks

Market risk: Security markets are volatile and may decline significantly in response to adverse issuer, regulatory, political, or economic developments with different sectors of the market and different security types reacting differently to such developments.

Equity securities risk: Equity securities fluctuate in value and price in response to factors specific to the issuer of the security, such as management performance, financial condition, and market demand for the issuer's products or services, as well as factors unrelated to the fundamental condition of the issuer, including general market, economic, and political conditions.

Small-cap securities risk: If a strategy invests in the securities of smaller-capitalization companies, these securities tend to be more volatile and less liquid than those of larger companies.

Foreign securities risk: If a strategy invests in the securities of non-U.S. issuers, these investments may be subject to lower liquidity, greater price volatility, and risks related to adverse political, regulatory, market, or economic developments and may be affected by changes in foreign currency exchange rates.

Investors should know that this strategy deployed may be subject to additional investment risks. For important information about the investment manager, please refer to Form ADV Part 2.

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