THB Micro Cap

Portfolio Managers

Christopher N. Cuesta, CFA
CEO, Principal, Portfolio Manager
Keith E. Dickinson
Principal, Portfolio Manager

Portfolio Objective

THB Micro Cap seeks long term capital appreciation over full market cycles by using a disciplined, valuation based approach. We invest primarily in companies within the Russell Microcap Index that we believe are trading below their intrinsic value and have superior operating metrics. We utilize a proprietary Quality Assessment and Risk Ranking during the research and portfolio construction processes. The product will typically hold 100-130 securities and have a high active share.

Investment Philosophy

THB believes that stocks of Micro Cap companies are relatively inefficient, and that a focused portfolio of high quality names can offer superior risk-adjusted returns.

THB takes a very long term view of the investment horizon, and seeks to outperform over full market cycles by seeking out investment opportunities trading below their intrinsic value. We think like owners and look to invest alongside proven management teams with sound alignment to us as shareholders. We aim to construct a portfolio of high quality, self-funded, low risk companies with valuation metrics similar to or lower than the benchmark, yet with superior long term characteristics. We believe the best companies are able to grow their businesses organically and via acquisitions using internally generated cash flows. Debt should be kept to a minimum with a preference for companies who retire shares outstanding.

Approach

We have an active approach which utilizes quantitative and qualitative screening to help focus our fundamental analysis on companies that fit our desired profile. Our goal is to find stocks of companies that are trading below their intrinsic value and have superior operating metrics. We also utilize a proprietary Quality Assessment and Risk Ranking during the research and portfolio construction process which allows our investment team to more universally evaluate, compare, size, and manage risk.

Process

THB Mid Cap

Portfolio Managers

Christopher N. Cuesta, CFA
CEO, Principal, Portfolio Manager
Keith E. Dickinson
Principal, Portfolio Manager
Manish Maheshwari, CFA
Principal, Assistant Portfolio Manager

Portfolio Objective

THB Mid Cap seeks long term capital appreciation over full market cycles by investing in a concentrated group of companies within the Russell Midcap Index that THB believes are undervalued, display lower volatility, and have superior operating metrics. The product will hold 30 securities and have high active share.

Investment Philosophy

THB believes that stocks of Mid Cap companies are relatively inefficient, and that a focused portfolio of high quality names can offer superior risk-adjusted returns.

THB takes a very long term view of the investment horizon, and seeks to outperform over full market cycles by seeking out investment opportunities trading below their intrinsic value. We think like owners and look to invest alongside proven management teams with sound alignment to us as shareholders. We aim to construct a portfolio of high quality, self-funded, low risk companies with valuation metrics similar to or lower than the benchmark, yet with superior long term characteristics. We believe the best companies are able to grow their businesses organically and via acquisitions using internally generated cash flows. Debt should be kept to a minimum with a preference for companies who retire shares outstanding.

Approach

We have an active approach which utilizes quantitative and qualitative screening to help focus our fundamental analysis on companies that fit our desired profile. Our goal is to find stocks of companies that are trading below their intrinsic value and have superior operating metrics. We also utilize a proprietary Quality Assessment and Risk Ranking during the research and portfolio construction process which allows our investment team to more universally evaluate, compare, size, and manage risk.

Process

THB Small Cap Core

Portfolio Managers

William W. Bryant, Jr.
Principal, Portfolio Manager
William W. Bryant III, CFA
Principal, Portfolio Manager
Christopher N. Cuesta, CFA
CEO, Principal, Portfolio Manager
Keith E. Dickinson
Principal, Portfolio Manager

Portfolio Objective

THB Small Cap Core seeks long term capital appreciation over full market cycles by using a disciplined, bottom up approach. We invest primarily in companies within the Russell 2000 Index that we believe are trading below their intrinsic value and have superior operating metrics. We utilize a proprietary Quality Assessment and Risk Ranking during the research and portfolio construction processes. The product will typically hold 70-90 securities and have a high active share.

Investment Philosophy

THB believes that stocks of Small Cap companies are relatively inefficient, and that a focused portfolio of high quality names can offer superior risk-adjusted returns.

THB takes a very long term view of the investment horizon, and seeks to outperform over full market cycles by seeking out investment opportunities trading below their intrinsic value. We think like owners and look to invest alongside proven management teams with sound alignment to us as shareholders. We aim to construct a portfolio of high quality, self-funded, low risk companies with valuation metrics similar to or lower than the benchmark, yet with superior long term characteristics. We believe the best companies are able to grow their businesses organically and via acquisitions using internally generated cash flows. Debt should be kept to a minimum with a preference for companies who retire shares outstanding.

Approach

We have an active approach which utilizes quantitative and qualitative screening to help focus our fundamental analysis on companies that fit our desired profile. Our goal is to find stocks of companies that are trading below their intrinsic value and have superior operating metrics. We also utilize a proprietary Quality Assessment and Risk Ranking during the research and portfolio construction process which allows our investment team to more universally evaluate, compare, size, and manage risk.

Process

THB International Opportunities

Portfolio Managers

Christopher N. Cuesta, CFA
CEO, Principal, Portfolio Manager
Keith E. Dickinson
Principal, Portfolio Manager
Manish Maheshwari, CFA
Principal, Assistant Portfolio Manager

Portfolio Objective

THB International Opportunities seeks long term capital appreciation over full market cycles by investing primarily in companies within the MSCI World ex-US Microcap Index that THB believes are undervalued, exhibit lower risk characteristics, and have superior operating metrics. The product will hold 150 securities and have high active share.

Investment Philosophy

THB believes that stocks of International Opportunities companies are relatively inefficient, and that a focused portfolio of high quality names can offer superior risk-adjusted returns.

THB takes a very long term view of the investment horizon, and seeks to outperform over full market cycles by seeking out investment opportunities trading below their intrinsic value. We think like owners and look to invest alongside proven management teams with sound alignment to us as shareholders. We aim to construct a portfolio of high quality, self-funded, low risk companies with valuation metrics similar to or lower than the benchmark, yet with superior long term characteristics. We believe the best companies are able to grow their businesses organically and via acquisitions using internally generated cash flows. Debt should be kept to a minimum with a preference for companies who retire shares outstanding.

Approach

We have an active approach which utilizes quantitative and qualitative screening to help focus our fundamental analysis on companies that fit our desired profile. Our goal is to find stocks of companies that are trading below their intrinsic value and have superior operating metrics. We also utilize a proprietary Quality Assessment and Risk Ranking during the research and portfolio construction process which allows our investment team to more universally evaluate, compare, size, and manage risk.

Process