Research-driven.
Growth-focused.

An employee-owned investment firm specializing
in U.S. growth equities with a disciplined, team-based approach.

Our Approach

Disciplined process. Consistent execution.

We apply a consistent, research-driven investment process to growth portfolios, guided by a disciplined risk management framework.

Our Approach
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Who We Are

A team built on experience and insight.

For over 30 years, we have specialized in U.S. growth equities,
leveraging deep industry expertise and rigorous research to build
high-conviction, actively managed investment portfolios.

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$24.4B

Assets Under
Management

Employee-owned investment firm. Employees walking around office space.

62

Employees

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1989

Year Founded

Our Strategies

Time-tested strategies. Sharpened by experience.

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Insights & News

Unique insights for evolving markets.

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Artificial Intelligence Data Center
Webcast |

Year-in-Review & 2026 Outlook

After a volatile start to 2025, U.S. equity markets stabilized as macro conditions improved and earnings proved resilient. In this quarter’s Market Views call, CEO Will Muggia reviewed the key forces shaping market leadership, valuation, and earnings dynamics—and discussed what they may signal for investors in 2026. The conversation explored early signs of market broadening, evolving AI leadership, and why selectivity and fundamental discipline may matter more than broad beta in the year ahead.

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Insights |

Market Pressures Flagged in 3Q Are Emerging

Many of the vulnerabilities we flagged in Q3 are now emerging, with speculative areas unwinding and leadership broadening into higher-quality sectors like Health Care and Financials. We remain focused on companies with durable balance sheets and improving earnings as the market shifts toward a more selective, fundamentals-driven backdrop.

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3Q25 Review & Outlook Webcast. Will Muggia, CEO, in his office
Webcast |

Market Views 3Q25

Markets pushed to new highs in Q3, powered by Fed easing, resilient earnings, and record AI investment. But narrow leadership, surging retail speculation, and stretched sentiment paint a more fragile picture beneath the surface.

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Health Care’s Underperformance Sets the Stage. Wheel of test tubes under blue lighting.
Insights |

Health Care: From Sector Laggard to Long-Term Leader

We believe Health Care currently offers some of the most attractive secular growth opportunities in U.S. equities, particularly given low absolute and relative valuations.

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Broadening Market: Small Caps Poised to Lead. Sailboat hitting a headwind.
Insights |

Broadening Market: Small Caps Poised to Lead

After years of lagging, small caps may finally be positioned for a turn. Valuations are at generational lows, earnings have turned positive, and expected rate cuts could provide an outsized tailwind. With market concentration at extremes, even modest rotation could drive powerful catch-up for small caps, Healthcare, and Cyclicals. We believe the risk today is tilted more toward being too bearish than too bullish.

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Careers & Culture

Built on talent.
Driven by collaboration.

Our success is driven by our people. We foster a collaborative, performance-driven culture where insight, integrity, and innovation fuel excellence, empowering individuals to grow and contribute meaningfully.

Learn About Our Culture