A disciplined approach focused on predictable, recurring revenue streams.
Strategic oversight, idea generation, philosophy adherence
Portfolio management, healthcare and financials coverage
Portfolio management, technology coverage, thematic research
Consumer sector coverage
Industrials, materials, and energy coverage
Ideas emerge from any team member - portfolio manager's market insights and thematic research or an analyst's sector work and analysis.
Collaborative assessment and debate - team picks apart ideas regardless of source.
Senior team ensures ideas align with AMI philosophy and strategic fit.
Portfolio managers execute with ongoing risk monitoring and downside protection.
Ideas can originate from anyone on the team. The group collectively evaluates and challenges each opportunity, while senior PMs ensure strategic alignment with AMI's risk-conscious investment philosophy.
Our systematic investment process combines quantitative screening with qualitative analysis to identify compelling opportunities. We follow a multi-step approach that ends with a valuation-driven buy decision.
We begin with a broad universe of companies, narrowing it down through rigorous screening for recurring revenue (50%+) and sustainable business models.
We conduct in-depth analysis on competitive advantages, market leadership, and a company’s pricing power to ensure a wide economic moat.
Our team identifies companies with strong growth outlooks, solid financials, and valuations that trade at a significant discount to our intrinsic value calculations.
We believe a disciplined sell process is as crucial as the buy decision. We will exit positions when our investment thesis is compromised to protect against permanent capital loss.
Worsening industry conditions, new regulatory changes, or structural margin shifts compromise our thesis.
A weakening competitive position due to new entrants or disruptive technology (e.g., AI).
Signs of a weakening balance sheet that put the company's financial health at risk.
When a stock appreciates substantially, exceeding 10% of our fair value outlook.
If a position becomes too large or if a better opportunity emerges.
A review is triggered when a stock's price decreases by 25%. We do not use stop-loss orders.