Objective

To consistently outperform the Russell 1000® Growth Index over a full market cycle (typically 3-5 years) with less than commensurate risk

Granite’s investment philosophy is a fundamental and research driven approach to investing in a concentrated portfolio of high quality companies that offer distinct and sustainable competitive advantages over their peers. Granite is devoted to finding companies with strong management teams and superior business models that can also benefit from catalysts expected to drive gains in discretionary free cash flow, revenue, earnings and returns on invested capital.

Portfolio Structure

  • Process: Follow a fundamental, research-driven process to identify unique companies that demonstrate: superior company management performance, sustainable business models, and accelerating free cash flow
  • Concentrated: Portfolio typically holds 25-50 stocks
  • Market Capitalization: Minimum market cap at purchase $2 billion; no maximum market cap
  • Diversified: Broad diversification across industries and sectors; Mid-cap exposure may increase excess returns
  • Low Turnover: Annual turnover between 20-40%
  • Fully Invested: Not greater than 5% cash position generally

3Q 2016 Granite Large Cap

Past performance is not indicative of future results. Information presented here should not be considered a recommendation to buy or sell a particular security. Granite Investment Partners, LLC is an independent, registered investment adviser. More information about the adviser including its investment strategies and objectives is available upon request. The material presented here is not financial advice. It should not be assumed that any of the strategies discussed were or will prove to be profitable, or that the investment recommendations or decisions we make in the future will be profitable. Certain tax-managed strategies should not be construed as tax advice; clients or prospective clients should seek tax advice from their tax professional. The information on this website is for informational purposes only.