Westwood AllCap Value
The Westwood AllCap Value portfolio invests in approximately 60-80 high-quality companies. AllCap Value follows the same disciplined approach as our LargeCap, SMidCap and SmallCap Value strategies with wider market capitalization parameters.
Buy discipline
The AllCap portfolio limits the selection universe to companies with market capitalizations above $100 million. Analysts focus on ideas that have limited downside risk and the opportunity to generate earnings/cash flows that are higher than what the current stock price implies. Companies are closely monitored and factors considered in analyzing securities include:
- Improving ROE (return on equity)
- A declining debt/equity ratio
- Positive cash flow
- Positive earnings surprise without a corresponding increase in Wall Street earnings estimates
Sell discipline
Companies are reviewed for sale when:
- Stock achieves final price objective
- Fundamental change in company or industry that negatively impacts original investment thesis
- Stock declines 20% over last 30 days
Performance
(As of 3/31/2012)
| Inception date | 1Q12 | YTD | 1 yr trailing | 3 yr trailing | 5 yr trailing | Since Inception | |
| AllCap Value | 7/1/2002 | 11.4% | 11.4% | 2.6% | 21.6% | 2.1% | 8.3% |
| Net of Fees | 11.3% | 11.3% | 2.1% | 21.0% | 1.6% | 7.8% | |
| Russell 3000 Value | 11.2% | 11.2% | 4.3% | 23.0% | -0.8% | 5.8% |
Click to download composite performance details.
“Past performance is not a guarantee of future returns. Returns are preliminary and are subject to change. Click here for the performance disclosure. The disclosures provided are considered an integral part of this presentation.”
More information
Contact us to learn more about this and other Westwood portfolios.
Portfolio team
Christopher J. MacDonald, CFA
Senior Vice President,
Portfolio Manager
Lisa Dong, CFA
Senior Vice President,
Research Analyst,
Portfolio Manager
Matthew R. Lockridge
Vice President,
Research Analyst,
Portfolio Manager
Grant L. Taber, CFA
Vice President,
Research Analyst,
Portfolio Manager
Graham Wong, CFA
Vice President,
Research Analyst,
Portfolio Manager