Strategies

Portfolio Strategies

Strategic Growth - Mar Vista’s Strategic Growth strategy seeks long-term capital appreciation by investing in a portfolio of 30-50 durable franchises that can grow excess returns on capital well into the future yet trade at attractive margins of safety. Position sizes range from 1% to 5% at cost. We believe the diversification found in a portfolio of 30-50 stocks provides ample opportunity for differentiated outcomes, while dampening the volatility inherent in more concentrated products. To learn more about Mar Vista's Strategic Growth strategy, click here to view the latest quarterly profile.

Focus - Mar Vista’s Focus strategy seeks long-term capital appreciation by investing in a concentrated portfolio of 15-20 durable franchises. Following a bottom-up process, we look for companies exhibiting above-average intrinsic value growth, strong financial strength, dominant business models, pricing power, significant free cash flows, and the ability to prosper in a variety of market environments. Position sizes average 5%, though that weighting can vary depending on a stock’s risk/reward characteristics. For clients with a longer time horizon and greater tolerance for volatility, we believe Focus has the potential to provide superior risk-adjusted returns relative to more diversified strategies over a full market cycle. To learn more about Mar Vista's Focus strategy, click here to view the latest quarterly profile.

Global - Mar Vista’s Global strategy seeks long-term capital appreciation by investing in a portfolio of 15-30 businesses. Applying the same investment philosophy and process as our domestic strategies, we invest in global companies that possess attractive per share intrinsic value growth, durable competitive advantages, pricing power, copious amounts of free cash flow, opportunities to reinvest excess capital in high return on capital projects, and the ability to prosper in a variety of market environments. Position sizes range from 3% to 8% at cost and approximately 40% to 50% of the companies in the portfolio are domiciled outside of the United States. To learn more about Mar Vista's Global strategy, click here to view the latest quarterly profile.

Click here to view a recent interview in The Wall Street Transcript with the Mar Vista investment team.

Investor Letters:

March 31, 2017
December 31, 2016
June 30, 2016
March 31, 2016
December 31, 2015
June 30, 2015
March 31, 2015
December 31, 2014
September 30, 2014
June 30, 2014
March 31, 2014
December 31, 2013
September 30, 2013
June 30, 2013
March 31, 2013