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INSTITUTIONAL | LARGE CAP VALUE EQUITY
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Reed, Conner & Birdwell, LLC
We offer a Large Cap Value product through a sub-advisory relationship with Reed, Conner & Birdwell of Los Angeles,
CA. RCB was founded in 1959 and has $3.8 billion in assets under management.
This value oriented style applies a fundamental, bottom-up stock selection process to a universe of approximately
1,200 issues identified as potential investments from the broad range of public companies. RCB screens for the
following criteria to reduce the universe of stocks to an active list of 100-200 issues:
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Dominant market position |
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Sustained high return on capital |
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Consistent growth of sales, cash flow and earnings |
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Free cash flow |
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Balance sheet integrity |
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Management committment to shareholders |
The subsequent list is then subjected to rigorous internal research. The resulting group of 40-50 companies is
monitored for valuation opportunities, with the final portfolio consisting of 25-30 issues.
| Investment Team |
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James R. Henderson - Portfolio Manager |
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Victor F. Hawley - Portfolio Manager |
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James P. Birdwell - Analyst |
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Jeffrey Bronchick - Analyst |
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Brett Cicinelli - Analyst |
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Donn B Conner - Analyst |
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William A. Cram - Analyst |
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Thomas D. Kerr - Analyst |
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James C. Reed - Analyst |
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Geoffrey Stewart - Analyst |
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