Groundlayer Capital believes that security markets are not fully efficient and that superior investment returns can be achieved through a rigorous fundamental research process. We are diligent at reading security filings and are accomplished and thorough analysts. We believe this provides us with an advantage in investing.
We manage a concentrated portfolio of securities. The top 10 names typically account for more than fifty percent of the portfolio. The Funds have a long bias, and shorts tend to be opportunistic. We take a “private market value” approach to securities valuation.
It takes time for good investment ideas to reach their full potential. We believe that focusing on the short term invariably increases the volatility of returns, portfolio management costs and the incidence of investor tax liability. Accordingly, we tend to take a longer-term view when investing.
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