Did You Know FAANG + Microsoft = Nearly 20% of the S&P 500 Index?

Many investors have followed the rise of the FAANG stocks (Facebook, Apple, Amazon, Netflix, and Google (Alphabet)) during this economic cycle, but many are unaware of just how large a piece of the S&P 500 Index these five companies have become. If you include Microsoft, which boasts a market...

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Free Cash Flow Yield Analysis: Mitigating Downside Risk

Over the past two weeks, we have discussed the underperformance of value stocks relative to growth stocks during the current market cycle. However, when it comes to assembling a portfolio of value stocks with the strongest risk/reward characteristics, there are myriad different approaches. While...

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Value Investing with a Private Market Value Approach, pt 2

Last week, we discussed how value stocks have significantly underperformed growth stocks, and how broad market benchmarks such as the S&P 500 and the Russell 1000 have tilted further towards growth equities as a consequence of their market cap weighting methodology.

But all value investors are...

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Value Investing with a Private Market Value Approach, pt 1

As can be seen in the chart below, value investing has underperformed growth investing significantly over the past thirteen years. This has resulted in broad market benchmarks such as the S&P 500 and the Russell 1000 tilting further and further towards growth investing as a consequence of their...

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Asset Allocation Considerations for Today’s Market

“I am a Tariff Man.” – President Donald J. Trump (December 4, 2018)

Current Market Environment

While the first quarter of 2019 ended with a sense of optimism that trade negotiations were going well with China, the second quarter was a roller coaster of renewed tensions with Beijing, plus new...

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How Can Bottom-Up Investors Use Quantitative Tools for Idea Generation?

At Prospector, we are bottom-up, fundamental investors, but we leverage quantitative tools in a couple of ways.

At the front end of our investment process, we screen financial databases with specific criteria to help us identify interesting ideas upon which we can do more work. Free cash flow...

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How Mentors like Jack Byrne Helped Shape Our Investment Process

Portfolio Managers John Gillespie, Kevin O’Brien and Jason Kish recently sat down and answered 11 questions regarding the team’s unique value-investing philosophy as well as lessons learned from past experiences. Here’s an important one regarding mentorship:

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Meet the Team | Jason Kish CPA, CFA

We believe the best partnerships are built upon strong relationships between people. In order for you to get to know us better, we’ve created a “Meet the Team” blog series.

Meet Jason Kish, Portfolio Manager and Analyst at Prospector Partners. Mr. Kish has been with the firm since 1997,...

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Top 3 Blog Posts

We are officially halfway through 2019. As we wind down a little and enjoy the long hot lazy days of summer, maybe even take a few days off, it’s not a bad time to reflect on the year so far. 

In 2019, we launched this new blogging site. Our market insights have been well received and we...

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risk management

How Do We Think About Risk? How Do We Attempt to Control Risk?

We frequently receive questions around how we think about risk, and how we attempt to control it. We view investment risk as the risk of a permanent loss. We view volatility as a symptom of risk, but not an actual risk.

Risk management is embedded directly into the Prospector’s investment...

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The views described herein do not constitute investment advice, are not a guarantee of future performance, and are not intended as an offer or solicitation with respect to the purchase or sale of any security. Investing involves risk, including loss of principal. Investors should consider the investment objective, risks, charges and expenses of a Fund carefully before investing. Please review the offering memorandum or prospectus of a Fund for a complete discussion of the Fund’s risks which include, but are not limited to: possible loss of principal amount invested; stock market risk; value risk; interest rate risk; income risk; credit risk; foreign securities risk; currency risk and derivatives risk.

Nothing contained herein constitutes investment, legal, tax, or other advice nor should be relied upon in making an investment or other decision. Any projections, outlooks or estimates contained herein are forward looking statements based upon specific assumptions and should not be construed as indicative of any actual events that have occurred or may occur. 

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