Mar Vista’s Strategic Growth strategy seeks long-term capital appreciation by investing in a portfolio of 30-50 durable franchises that we believe 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.