The Stonerise Capital investment approach is characterized by:

  • Primary focus on North American small-to-mid cap equities;
  • Long-term investment time horizon, underwriting a 2-4 year holding period;
  • Concentrated portfolio, with typically 8-12 core long positions (>5% portfolio);
  • Focus on high quality businesses, while maintaining a rigorous valuation discipline;
  • Fundamental business analysis, with focus on sustainable growth and a strong cash flow orientation;
  • Engage in constructive activism, where appropriate, working collaboratively with management and seeking to improve underlying business performance;
  • Long biased;
  • Limited fund-level leverage (average gross exposure <100% since inception);
  • Tax-efficient capital gains (~70% of historical gains have been long-term in nature);
  • Founders have been partners together for 19 years executing the same strategy and have deep experience in both public and private investments.