Investment Philosophy
Altanes Investments is a SEC registered investment advisory firm
specializing in the management of large cap growth equities. Our goal
is to both preserve and increase the wealth entrusted to us by our
clients. We work for a select group of clients, offering a high level of
portfolio customization and direct access to the portfolio managers.
The Altanes conservative growth philosophy is similar to an investment
philosophy that we have worked with since 1986. We established
Altanes Investments in 2003 and continue to believe that an actively
managed portfolio of reasonably valued high quality growth stocks is
likely to provide our clients with superior risk-adjusted and absolute
returns over a market cycle. To achieve that goal, we follow a
structured and transparent investment process. This disciplined
process allows our clients we work with to clearly understand the
reasons behind our stock selection and minimizes style drift.
The Altanes transparent, structured and repeatable investment process
results in portfolios with consistent high quality characteristics. The
companies included in our clients’ portfolios display high levels of
profitability, high level of sustainable growth rate and consistent
earnings growth. In addition, their moderate P/E ratios and high future
expected growth rates result in excellent PEG valuation.
The typical Altanes portfolio consists of 50 positions - this prudent
level of diversification is designed to meet the long-term financial goals
of our clients while avoiding undue risk by minimizing the risk of an
individual holding. Each portfolio holding is equally weighted at
approximately 2% of the total account value. We believe that each of
the portfolio holdings has the same probability of future price
appreciation.
Our portfolios are benchmark agnostic, with equally weighted 50 most
attractive stocks rather than particular benchmark-related individual
holding or sector weights. However, our investment style concentrates
on large capitalization growth equity stocks, and quantitative analysis
of our returns suggests Russell 1000 Growth as the most appropriate
benchmark.
