Riverbridge Smid Cap Growth

Performance

(as of 12/31/2022)

As of 12/31/2022 QTDYTD1 Year3 Year5 Year10 YearInceptionFact SheetCommentary
Riverbridge Smid Cap GrowthGross0.54%-31.56%-31.56%2.66%7.66%10.89%10.51%
Net0.34%-32.09%-32.09%1.90%6.86%10.05%9.70%
Russell 2500™ Growth4.72%-26.21%-26.21%2.88%5.97%10.62%8.47%
Periods greater than one year are annualized. Inception Date: 12/31/2006. The above information is supplemental to the GIPS® Report. Please refer to the GIPS Report and Riverbridge Disclosures.

Overview

The Riverbridge Smid Cap Growth Portfolio was established in 2006. It is a diversified growth stock portfolio invested in 40-55 companies of small to mid market capitalization sizes. Due to our long-term investment approach, turnover for the portfolio is low – averaging less than 20% annually. The portfolio is managed by the Riverbridge Investment Team utilizing our time-tested investment philosophy and disciplines.

Investment Philosophy

Riverbridge believes earnings power determines the value of a business, therefore we invest in high quality growth companies that possess the ability to build their earnings power at above-average rates for long periods of time. We define earnings power as companies achieving high returns on invested capital while possessing an enduring strategic advantage in their marketplace. We build portfolios by identifying and buying well-managed companies we believe can maintain consistent unit growth and strong free cash flow, allowing them to finance their growth using internally generated sources of capital.

Sector Weightings

Portfolio Facts

(as of 12/31/2022)

Inception Year2006
Number of Holdings49
Wgt. Avg. Market Cap$11.5 billion
5-Year Turnover16.20%
Investment VehiclesSeparate Account, CIT
Top 10 Holdings

(as of 12/31/2022)

Five Below, Inc.4.73%
HEICO Corporation4.38%
CoStar Group, Inc.4.21%
Fastenal Company3.84%
Globant SA3.75%
Bio-Techne Corporation3.55%
Tyler Technologies, Inc.3.45%
ANSYS, Inc.3.45%
Ritchie Bros. Auctioneers Incorporated3.43%
Paylocity Holding Corp.3.29%
TOTAL38.09%

Questions?

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Our Investment Team

Our investment team is in this to steward your growth.

David Choe's headshot

David Choe, CFA

Portfolio Manager, Equity Investments
Julian Dehn's headshot

Julian Dehn, CFA

Portfolio Manager, Equity Investments
Ross Johnson's headshot

Ross Johnson, CFA

Management, Chief Investment Officer, Equity Investments
Adam McGrane's headshot

Adam McGrane, CFA

Portfolio Manager, Equity Investments
Emily Soltvedt's headshot

Emily Soltvedt

Management, Portfolio Manager, Equity Investments
Meet our Team