Old Glory Small Cap Growth

 

Sub-Adviser:  Conestoga Capital Advisors

Firm Location:  Wayne, Pennsylvania

Assets under Management as of December 31, 2014:  $1.7 billion

Founded:  2001

Investment Professionals:  7

Ownership:  100% Employee Owned

Number of Stocks Held:  45 – 50

Benchmark:  Russell 2000 Growth Index

 

Investment Philosophy

 

Conestoga believes that investors can earn a premium return in small capitalization growth equities by identifying higher quality companies that are capable of growing through multiple business cycles.  They seek to take advantage of the inefficient discovery process for small companies and other investors' focus on near-term earnings.

 

The key tenets of the Conestoga investment style are:

 

1. Build client portfolios consisting of 45 to 50 higher-quality small capitalization growth companies diversified across economic sectors.

 

2. A long-term investment horizon which results in a low portfolio turnover rate of approximately 30%.

 

3. Seek to provide attractive risk and reward characteristics relative to the Russell 2000 Growth and Russell 2000 Indices.

 

Stocks are sold or rebalanced from the portfolio when they become overvalued; their weighting reaches two times the initial target; fundamentals deteriorate; there is an unfavorable change in corporate strategy or research uncovers a better opportunity.  As a risk control measure, stocks are trimmed by one-third when the market capitalization exceeds $2.5 million.  Companies are reevaluated when they underperform the benchmark by 25% on a three or twelve month basis.

 

 

 

Large Cap Core | Small Cap Growth | Large Cap Growth | Large Cap Value

Core Fixed Income | Enhanced Core Fixed Income | International Large Cap Value

 

 

 

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