Themes
Proudly Serving Clients Since 1987
All themes start with a company and a catalyst that few investors, if any, are paying attention to. As bottom-up investors, our themes emerge, naturally, from the bottom up, and are not sector plays.
A theme is what happens when one technology shift forces adjacent industry growth, before opportunities become widely recognized. When we see the same type of catalyst driving growth across multiple holdings, that idea graduates from a single company insight into a broader theme.
Not all stocks are thematic; approximately 30-35% of the portfolio are in businesses where see great growth and revenue potential, but do not fit into a thematic category.
Current Themes
AI Infrastructure
This super theme emerged when one technology shift forces adjacent industries to grow, from the chips that run the models to the power plants that feed them and the hospitals that will use them.
Affordability
Disruptive businesses that can make housing, healthcare, and everyday goods more affordable is currently an important and durable theme for the portfolio.
Industrial Revival
The renewed focus on supply chain security is rebuilding the industrial base in the U.S., and strengthening manufacturing capacity, infrastructure, and the power systems that support them
Healthcare Innovation
Advances in healthcare therapies, drugs, diagnostics, and minimally invasive treatments have and can continue to drive value creation by improving outcomes and lowering costs.
Renewable Energy
Companies that produce cheaper, cleaner, and more reliable power and replace aging infrastructure can see sustained demand and expanding revenue opportunities over many years.