Portfolio Characteristics
Inception
The Beaver Capital Portfolio was launched in January 2023 and began investing on January 30th.
Asset Allocation
Beaver Capital Portfolio is a concentrated long-only equity portfolio. We aim to maintain at least 20% of our capital in cash at all times for flexibility, and would look to hold 5-10 stocks at any given time.
Style
The Beaver Capital Portfolio follows a value-investing style, seeking out undervalued securities trading below their intrinsic value with the goal of generating long-term capital appreciation.
Benchmark
Beaver Capital Portfolio is an absolute return fund and hence we do not attempt to outperform any indexes. Reference here to a benchmark is simply to place our performance into context, for which we use the MSCI World Index given our global exposure.
Strategy
We are sector and geography agnostic, covering a wide range of markets to capitalise on any inefficiencies and mispricing. The investment team combines quantitative analysis with fundamental research to uncover undervalued opportunities.
Investment Philosophy
“Heads I win, tails I don’t lose much” - Monhish Pabrai
