Pillar 1: Screen Global Equity Universe ($market cap >$100mm)
- Rank by multifactor valuation model
- Above-average shareholder yield preference
Pillar 2: Apply Quantitative Filters
- Earnings revision
- Fundamental change
- Price momentum
Pillar 3: Conduct Fundamental Research
- Comprehensive earnings/free cash flow analysis
- Deep dive on the balance sheet
- Understanding of implied market expectations
- Develop variant perception
Pillar 4: Construct Portfolio
- Conservative judgment
- Benchmark agnostic
- 45 to 60 stock portfolio