UCITS Offerings
GRANAHAN US FOCUSED GROWTH FUND
The Granahan US Focused Growth Fund follows the same style as GIM’s Focused Growth strategy and is grounded in the belief that superior long-term returns are best achieved through a select portfolio of smaller companies poised to grow at 15% or more. Granahan Investment Management (GIM) believes that small dynamic companies provide excellent potential for superior long-term performance.
Distinguishing Factors
- By investing in businesses with sustainable growth, we reduce the risk of significant capital loss.
- We invest in exceptional businesses –those with solid balance sheets, high incremental margins and strong customer value propositions.
- Our expected return methodology is a mechanism for mispricing and has proven successful over the course of several investment cycles.
- We believe conviction leads to out-performance, 60%-80% portfolio held in top 15 holdings.
Within this philosophy we seek to own companies with large open-ended opportunities, a favorable competitive landscape, products or services providing a significant value proposition to the customer, and that have clean balance sheets.
This company analysis is combined with a rigorous valuation discipline centered on a stock's expected return and risk/reward. The net result is a portfolio of 40-50 attractively priced stocks of some of the most exciting and innovative companies in the economy, and a portfolio that has generated consistent, strong risk-adjusted returns over time.
GRANAHAN US SMID SELECT FUND
The Granahan US SMID Select Fund follows the same style as GIM's SMID Select strategy. Granahan Investment Management (GIM) believes that smaller dynamic companies provide excellent potential for superior long-term performance. GIM’s SMID Select strategy is grounded in the belief that a disciplined, fundamental, bottom-up research process can identify underappreciated growth potential in companies that may or may not have a history of strong growth. The resulting portfolio has the optimum combination of stocks with underlying thematic growth drivers, and stocks of well-positioned companies that are poised for positive earnings revisions or are benefiting from fundamental/technical momentum. We seek companies that can sustain growth through market disruption. The portfolio focuses on stock selection with an overlay of thematic ideas showing the best risk/reward.
As part of a disciplined portfolio construction process, at GIM, every company in the portfolio is placed into one of three investment categories: Core Growth, Pioneer and Special Situation. These LifeCycle categories each have different performance drivers so provide true diversification and help mitigate risk in the portfolio.
Distinguishing Factors
- Enterprise growth drives a company’s stock price over the long term, while changes in market sentiment can provide opportunity in the short term.
- We believe certain thematic growth drivers can provide sustainable foreseeable compound return potential.
- We believe one can locate growth not only in traditional sectors, but also in unexpected corners of the market where other growth managers rarely venture.
- Only a select number of companies fit our criteria. We believe in having conviction in our analysis and patience in our conviction.
GRANAHAN FUTURE PATHWAYS FUND
Notice of Fund Closure:
Granahan's Future Pathways UCITS Fund is permanently closed. For additional information, please reach out to info@granahan.com.
GRANAHAN US SMALL CAP DISCOVERIES FUND
Notice of Fund Closure:
Granahan's US Small Cap Discoveries Fund will be permanently closed on May 16, 2024, at which time all shares that have not been redeemed will be compulsorily redeemed. Shareholders can redeem shares normally prior to this date. For additional information, please reach out to info@granahan.com.