Equities

William Blair Small-Mid Cap Core Strategy

The William Blair Small-Mid Cap Core strategy seeks to invest in a portfolio of quality companies that can achieve more durable returns on capital than the market expects and whose stocks are trading at attractive valuations.

Why William Blair Small-Mid Cap Core Strategy?

  • The strategy is designed to provide strong investment performance with lower levels of risk.
  • The strategy is offered by an independent, privately held firm that provides stability and the ability to attract and retain talent.
  • The experienced portfolio-management team is supported by a deep and talented team of research analysts.
  • The strategy uses a time‐tested, fundamental research approach to assess a company’s durability and critical success factors

Investment Philosophy

  • Quality companies embody long‐term corporate success given experienced and incentivized management teams, differentiated business models, and attractive financial characteristics.
  • We believe our ability to outperform is driven by exploiting three market inefficiencies among stocks of quality companies: the market underappreciating the long-term earnings power and durability of the business model; the market overreacting to short‐term factors despite an attractive long‐term opportunity; and the market lacking knowledge of the long‐term opportunity.
  • We use a research-intensive fundamental investment approach that typically includes company visits, focused discussions with management about issues critical to the investment thesis, conversations with independent sources, financial modeling, and valuation analysis.

Portfolio Design

  • Benchmark: Russell 2500 Index
  • Number of holdings: 65 to 95
Sep Account Mutual Fund SICAV CIT
Sep Account Mutual Fund SICAV CIT
  • Management          detail

    Crowe_Daniel_landDan Crowe, CFA, Partner

    Dan Crowe is a portfolio manager on William Blair's Mid Cap Growth, Small-Mid Cap Growth, and Small-Mid Cap Core strategies. Previously, he was an associate portfolio manager on the firm's Mid Cap Growth strategy, an associate portfolio manager on the firm’s Small Cap Growth strategy, and a research analyst, where he focused on all sectors across the U.S. small-cap space. Before joining William Blair as a generalist research analyst in May 2011, Dan was a midcap portfolio manager at Pyramis Global Advisors and a portfolio manager and analyst at The Boston Company/Founders Asset Management. He began his career as a generalist analyst at Marsico Capital Management. Dan is a member of the CFA Institute and the CFA Society of Chicago. He received a B.S. in mechanical engineering from the University of Illinois at Urbana-Champaign.

    Rob_LanphierRobert C. Lanphier, Partner

    Rob Lanphier is a portfolio manager on William Blair's Mid Cap Growth, Small-Mid Cap Growth, and Small-Mid Cap Core strategies. He co-founded the Mid Cap Growth strategy in 1997 and the Small-Mid Cap Growth strategy in 1998. Before that, he was with William Blair’s sell-side institutional sales group for eight years. He joined William Blair in 1987. Before joining the investment industry, Rob was with Emerson Electric Corporation for nearly six years. He received a B.S., with honors, from Purdue University and an M.B.A. from Northwestern University’s Kellogg Graduate School of Management.

    Sexton_Ward-landWard D. Sexton, CFA, Partner

    Ward Sexton is a portfolio manager on William Blair's Small Cap Growth and Small-Mid Cap Core strategies. Previously, he was an associate portfolio manager on William Blair’s Small Cap Growth strategy and a research analyst. He joined the team in 2001 and covered resource, financial, and consumer companies during his time as an analyst. He joined William Blair in 1999, initially working in the firm's corporate finance group for two years. Ward is a member of the CFA Institute and the CFA Society of Chicago. He received a B.S. in finance, with honors, from the University of Illinois Urbana-Champaign and an M.B.A., with high honors, from the University of Chicago's Booth School of Business.

Sep Account Mutual Fund SICAV CIT
  • Disclosure          detail

    This material is provided by William Blair for informational purposes only and is not intended as investment advice. Any investment or strategy mentioned herein may not be suitable for every investor. Information and opinions expressed are those of the author(s) and may not reflect the opinions of other investment teams within William Blair. Information is current as of the date appearing in this material only and subject to change without notice.

    Risk
    The strategy's returns will vary, and you could lose money by investing in the strategy. The strategy invests most of its assets in equity securities of small-cap and mid-cap domestic companies where the primary risk is that the value of the equity securities it holds might decrease in response to the activities of those companies or market and economic conditions. Individual securities may not perform as expected or a strategy used by the adviser may fail to produce its intended result. Investing in small- and medium-capitalization companies involves special risks, including higher volatility and lower liquidity. Small- and mid-cap stocks are also more sensitive to purchase/sale transactions and changes in the issuer's financial condition. Convertible securities may be called before intended, which may have an adverse effect on investment objectives. Diversification does not ensure against loss. The strategy is not intended to be a complete investment program. The strategy is designed for long-term investors.