NCG Large Cap Growth Strategy

Strategy Overview

We seek to generate long-term capital appreciation by investing in the fastest-growing and highest-quality companies in the US large cap growth universe

Key attributes in our investments

  • Superior Revenue Growth
  • Large Market Opportunity
  • Leadership/Disruptive Position in the Market
  • Strong Management Team
  • Strong Future Cash Flow Generation

Quick Facts

Portfolio Managers: NCG Team

Benchmark: Russell 1000 Growth Index

Number of Securities: Approximately   25-40

Inception Date: January 1, 1999

Strategy Assets: $158M (As of 03/31/2025)

Documents

Fact Sheet (PDF) Letter (PDF)

We believe the market inefficiently values high-quality companies with long-term growth opportunities. If our portfolio companies execute as we expect, we believe they can compound stock value faster than the overall market.

Annualized Performance

(As of 03/31/2025)

*Past performance is not an indicator of future performance, and the value of your account may increase or decrease over time. For a GIPS Report click here.

Growth of $10,000

(As of 03/31/2025)

*Past performance is not an indicator of future performance, and the value of your account may increase or decrease over time.

Portfolio Construction

Portfolio Construction

  • Diversified portfolio of approximately 25-40 holdings
  • Emphasis on the fastest growing sectors
  • Small initial positions for new holdings
  • Individual positions generally limited to 12% of portfolio
  • Sector limits of the greater of 2.5x index or 10%

Risk Management

  • Research identifies risk at a company level
  • Portfolio diversification
  • Strong sell discipline
  • Position limits
  • Limit exposure to excessive valuations

Portfolio Characteristics

(As of 03/31/2025)

Sector Weights

(As of 03/31/2025)

*As of 03/31/2025 performance reported in USD. Performance figures for less than one year are not annualized. Information for Large Cap Growth based on composite returns calculated net of actual fees. Past performance is not an indicator of future performance, and the value of your account may increase or decrease over time. The Next Century Growth Investors Focused Large Capitalization Equity Composite contains all fee portfolios investing primarily in equity securities of U.S. companies that the portfolio manager believes have substantial potential for high long-term growth. The portfolio manager seeks to identify the fastest growing and highest quality companies for investment. The strategy invests in both large and medium companies with an emphasis on large capitalization. Investment results are measured versus the Russell 1000® Growth Index. Next Century Growth Investors claims compliance with the Global Investment Performance Standards (GIPS®). GIPS® is a registered trademark of CFA Institute. CFA Institute does not endorse or promote this organization, nor does it warrant the accuracy or quality of the content contained herein. Please click for additional graph disclosures. For a GIPS Report click: Focused Large Cap Growth GIPS Report.