International Large Cap
Quality compounders across the large-cap universe.
The International Large Cap strategy pairs fundamental inflections with forward-quality companies, tilted toward quality-compounding businesses in the large-cap universe.
Portfolios hold 35–50 positions across at least five countries, diversified across global themes, regions, sectors, and company life cycles, with position weights determined bottom-up by risk/reward, quality, impact, and growth characteristics.
We seek businesses where the market is underestimating not only the growth trajectory, but the compounding of business quality.
International Large Cap Equity
Strategy Guidelines
Positions
30 – 45
Market capitalization
Minimum $10B
Universe
At least five countries
Foreign-issuer securities
Max 15% at purchase
Sector allocation
Max 35% at purchase
Position size
Max 5% · typically 2.5 – 3.5%
Turnover
10 – 30% targeted
Strategy capacity
$50 – 75B targeted