PVG’s investment process involves extensive internal and external research to identify opportunities from among thousands of alternatives. We employ a thematic approach to sectors and corporate selection without capitalization or geographic distinction. Technical screening and buy/sell triggers are important.
Typical holdings have sustainable revenue growth with the possibility of improving returns on capital and are self-financing. We construct portfolios of 30-50 securities with reasonable valuations, and attractive risk/reward relationships based on technical characteristics. Holdings typically have price targets.
Our sell discipline is important. Holdings have price targets and are sold when the value of company exceeds our estimate of value, because of corporate fundamental and or technical deterioration, and because market conditions dictate greater loss aversion.