Investment Policy Turner Concentrated Growth Equity invests primarily in a portfolio of 15-25 growth stocks in all capitalization ranges that represent what we believe are our best investment ideas.
Holdings are diversified to some degree by market sector as well as by capitalization range.
Those holdings, in our judgement, have strong earnings prospects and are already owned in at least one of our other stock portfolios. We buy companies with strong earnings prospects and sell those with deteriorating prospects. By focusing on a select number of stocks that we think offer the greatest return potential at the time, Concentrated Growth can generate strong results over time, in our estimation. Our intent is to avoid diluting performance by owning too many stocks, so that when we latch onto a winner, its positive contribution to the portfolio's overall return won't prove negligible. By emphasizing selectivity and quality, we believe Concentrated Growth's individual holdings will have the potential to exert a greater proportional impact on performance than those of other, more diversified portfolios.