Investment Philosophy and Process:

  • Invest in companies with recurring revenue business models, defined as having products and services with <2 year life span
  • Utilize a fundamental, bottom-up approach to identify high quality growing companies with good growth prospects, strong cash flow and good balance sheets
  • Purchase securities at attractive valuations as determined by AMI’s proprietary models
  • Concentrated portfolio of 30-35 names with turnover of approximately 35-45%
  • Target in-line participation in up markets, with significant downside protection
  • Total Strategy Assets: $367 Million plus $212 Million in model based programs*

*As of June 30, 2017

 

Click on the images below to see larger versions.

 

 

 

 

 

 

 

 

 

TOP TEN HOLDINGS
1

Blackhawk Network

(HAWK)

4.46%
2

Teligent

(TLGT)

4.04%
3

Inc Research

(INCR)

3.70%
4

Stamps.com

(STMP)

3.67%
5

Albany Molecular Research

(AMRI)

3.61%
6

Ligand

(LGND)

3.61%
7

Innerworkings

(INWK)

3.45%
8

Dave & Buster's

(PLAY)

3.44%
9

Cardtronics

(CATM)

3.41%
10

Broadsoft

(BSFT)

3.40%

As of 3-31-17. Holdings are subject to change.  The securities identified and described above do not represent all of the securities purchased, sold or recommended for client accounts. The reader should not assume that an investment in the securities identified was or will be profitable.  A complete list of all buy and sell recommendations for this strategy within the last 12 months is available upon request.  AMI Asset and/or one or more of its employee may have a position in these securities and may purchase and sell such securities from time to time.

 

PORTFOLIO CHARACTERISTICS
  AMI Small Cap Growth Russell 2000 Growth
P/E 21.9x 34.3x
Price to book value 3.7x 4.5x
EPS LTG Estimate 16.1% 9.6%
Dividend Yield 0.3% 0.7%
Dollar Weighted Market Cap. (Bil) $2.0 $2.2
Median Market Cap. (Bil) $2.1 $0.9
Positions 34 1,171
As of 6-30-17.  Source – AMI, Russell, iShares, Standard and Poors. The above information is based on a representative account and clients accounts may vary.  The portfolio characteristics information is being presented as supplemental information to the AMI Domestic Small Cap Growth Composite. 

 

 

 

AMI 4th Quarter 2016 Small Cap Growth Factsheet