Investment strategy
Gradient Core Select
The Gradient Core Select is an actively managed, diversified US stock portfolio. The portfolio is designed for long term capital appreciation by selecting strong businesses trading at reasonable prices.
The Gradient Core Select invests in mid-to-large capitalization US stocks. The portfolio is intended to be a core US equity market allocation and will provide return primarily through stock price appreciation. Companies are selected using a rigorous investment process designed to identify business trading at a discount to their long term value. The Core Select will invest using a bottom up stock analysis approach paired with a risk-managed approach to industry sector allocation. This approach is designed to ensure the active risk is commensurate with our highest conviction opportunities.
The Core Select invests in 50-80 US stocks. Individual positions are managed to reduce single stock exposure risk. Position sizes will be actively managed in accordance with fundamental opportunity combined with our risk-managed sector selection approach. Sector allocations will remain within reasonable proximity of the Global Industry Classification Sector (GICS) weightings of the S&P 500. Decisions to exit holdings will be based on a company no longer meeting our investment criteria or valuation framework.