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Saga Partners manages a fundamental, long-term, investment portfolio for clients. The Portfolio is a fundamental, long-only, public equity investment strategy. Its goal is to provide returns above the general market over the long-term. Saga takes a long-term horizon when investing, looking for a few high-quality companies selling below intrinsic value. Companies are selected based on three main criteria: 1. Is the company building a durable competitive advantage? 2. Is management high-caliber and think/act like owners? 3. Does the current price provide an attractive return if the company is owned for 10+ years? Good opportunities are difficult to find, so if a company meets all three criteria, the Portfolio will take fairly concentrated positions in its highest conviction ideas, typically holding around 10 companies.
Disclosure: I am/we are long TTD, LIMAF, FB, TRUP, UA. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.