Top 10 Holdings
AS OF DEC 31, 2018
|ORCA EXPLORATION GRP-B SV|
|ALASKA AIR GROUP INC.|
|CBRE GROUP INC CL A|
|CVS HEALTH CORPORATION|
|CORRIDOR RES INC|
|ALIBABA GROUP HOLDING LTD S/ADR|
|SCHIBSTED ASA NOK 1.0|
|ALPHABET INC CLASS A|
The Generation All Cap Model is generally for clients whose principal objective is long-term capital appreciation.
The Generation All Cap Model combines our large cap strategy (i.e., Generation Global Insight) with our best North American small and medium cap ideas, often concentrated in individual positions and sectors. We employ a proprietary and systematic process to uncover large cap global equities which our analysis indicates are undervalued. The most undervalued securities in our global large cap universe form the focus group for our analytical team to concentrate its research efforts for large cap investment targets, typically with market caps over $5 billion at the time of purchase, but may include those in the $2-5 billion range. We seek out small and medium cap stock ideas using myriad sources, including filters and screens, outside research analysts, corporate regulatory filings, newspapers and periodicals, other like-minded investors and our diverse business contacts. Our proprietary TRACTM system is used in an effort to optimize buy and sell decisions for targets and portfolio holdings.
In addition to rigorous stock screening and research, we utilize a parallel process to monitor economic and market risk. Learn more about our Four Pillars here.
The All Cap Model has a notional guideline of a minimum weighting of approximately 60% or more in large cap stocks (allocation in actual client accounts depends on clients’ specific preferences and circumstances). The small/medium cap stocks typically have less liquidity and potentially higher volatility than large cap stocks. Investments will have a North American focus, however may include international securities depending on their relative attractiveness.
Although accounts will be invested primarily in equities, they may hold income securities when we believe the risk-return opportunity compares favourably to equities. Accounts will typically be fully invested, but may hold cash if our outlook dictates such allocation. Short-selling and option strategies may be implemented for clients who authorize them.