One Team * One Philosophy * One Process * Six Mandates
Adhering firmly to a value-driven, research-intensive investment process, Legg Mason Capital Management (LMCM) assesses intrinsic business value at each company and strives to buy stocks that trade at a significant discount to that value. The firm assesses a company's intrinsic value by employing a multi-factor valuation methodology combined with rigorous business analysis, concentrating on a company's ability to generate excess cash flow, earn high returns on capital and allocate capital efficiently. We then take these ideas and construct a portfolio, assessing risk at the security level and managing it at the portfolio level. Through each stage of the investment process, we employ discipline to ensure that each portfolio has the best risk-adjusted return available relative to its mandate. By adhering to a consistent, value-driven process, LMCM strives to outperform its benchmarks over the long-term.
Value Equity is designed for investors seeking long-term capital appreciation through an investment in a concentrated portfolio of large cap securities trading at a significant discount to our assessment of their expected value. Value Equity adheres to a rigorous investment process that is focused on identifying expectations gaps, which are situations where the market’s normally efficient pricing mechanism has broken down due to behavioral influences or market uncertainty about a company’s prospects.
Learn MoreMid-Cap is designed for investors seeking long-term capital appreciation through an investment in securities in the mid-cap segment of U.S. markets that are trading at a significant discount to their expected value. The strategy focuses on stocks of companies facing special situations such as unusual or possibly one-time developments that the manager believes make them attractive for investment and on the company's ability to generate excess cash flow, earn high returns on capital, and allocate capital efficiently.
Learn MoreGrowth Equity is designed for investors seeking a secularly advantaged, concentrated, high-alpha approach to large cap growth. Growth Equity typically invests in U.S. equity securities with market capitalizations generally greater than $5 billion at the time of purchase, targeting those companies that exhibit secular growth characteristics, sustainable competitive advantages, good management, and low valuation based on our analysis of expected value.
Learn MoreAll Cap is designed for investors seeking an U.S. equity strategy that is not constrained by investment style or market capitalization. All Cap’s flexible, valuation-driven mandate allows it to invest where opportunities are perceived to be available. The strategy adheres to a research-intensive investment process, that focuses on assessing the expected value of companies and buying stocks at significant discounts to our assessment of their worth.
Learn MoreOpportunity Equity is designed for investors seeking long-term growth of capital, who are comfortable with the risks inherent to aggressively managed portfolios. Opportunity has a flexible investment strategy and is not restrained by investment style, type of security, industry sector, location, size or market cap; it invests primarily in U.S. common stocks. Investors should be aware of the possibility for high portfolio turnover with few restrictions on the type of investments contained in the Opportunity Equity.
Learn MoreAmerican Leading Companies Equity is designed for investors seeking long-term capital appreciation and current income consistent with prudent investment management. It invests primarily in companies that have a major market share in one or more products or services.
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