What We Do

Long-Only Value Investing

TSF employs a bottoms-up approach to sourcing investments. We aim to identify mispricings and invest in high-conviction long-only positions within various sectors of the U.S. public equity markets. Employing thorough research and fundamental analysis, we carefully choose investments with the aims of achieving favorable risk-adjusted returns and generating alpha.

Our sector teams of research analysts, led by a portfolio manager and associate portfolio manager, leverage their expertise to:

Evaluate short- and medium-term company and industry trends.
Assess the long-term dynamics and business models of industries.
Determine the valuations of targeted companies to quantify investment catalysts.

Our investment process targets maximum capital appreciation in line with reasonable risk.

Our Teams

We distribute responsibility for identifying and determining investments broadly within each of our 8 sector teams. Our Fund is built upon a culture of accountability, mentorship, and collaboration.

The Portfolio Manager selects the companies to build pitches for, from the investment ideas that they or their analysts generate. They are responsible for leading, developing, and mentoring their teams.

The Associate Portfolio Manager conducts investment research and is responsible for delegating tasks to the Analysts. This is typically a transitory role on one’s ascent toward becoming a Portfolio Manager.

Analysts conduct broad industry- and company-centric research to support the investment thesis. Successful and dedicated analysts have an opportunity to become portfolio managers.