The Investment objective of the Shaker Investments Fundamental Growth Strategy is to consistently outperform the U.S. large cap index while maintaining an equivalent level of risk.
After identifying industries with accelerated growth, stocks are chosen based on criteria Shaker Investments has identified as key characteristics to sustainable growth.
We invest in stocks of all capitalizations that we identify as growth companies and we feel can succeed over a long period of time. Valuation is a key consideration in evaluating investments.
Portfolio Characteristics as of 9/30/19
|Weighted Avg. Market Cap||$75.521 Bilion|
|Median Market Cap||$14.134 Billion|
|Number of Holdings||44|
|Strategy Assets Under Management||$40 Million|
|Firm AUM||$160 Million|
|Top 10 Holdings|
|Axos Financial Inc.||5.6%|
|CoStar Group, Inc.||3.9%|
|Paycom Software Inc.||3.9%|
|The Trade Desk, Inc.||3.7%|
|PayPal Holding Corp.||3.4%|
|Paylocity Holding Corp.||3.2%|
|As of 9/30/2019||3Q 2019||YTD||1 Year||2 Years||3 Years||Since 01/01/07||Since Inception**|
|Shaker Fundamental Growth||0.97%||24.31%||-1.01%||11.55%||13.35%||8.32%||12.06%|
|US Large Cap Equity Index||1.16%||20.09%||2.92%||10.00%||12.83%||8.20%||9.83%|
*Returns are net of 1% annual management fee.
**Inception date for Shaker Fundamental Growth is 10/01/1991
Past performance is not indicative of future results. Investing involves certain risks including loss of principal. No guarantee that any specific investment will be suitable or profitable can be made.
Edward Hemmelgarn, President and Chief Investment Officer
Edward Hemmelgarn is the President and Chief Investment Officer at Shaker Investments. Edward’s primary focus is portfolio management for Shaker’s Fundamental Growth, Small Cap Growth, and alternative strategies. His research focus includes healthcare and financial services.
Prior to founding Shaker Investments in 1991, Edward was the Chief Financial Officer of Retail Banking at Ameritrust Corporation (now KeyBank). Prior to that, Edward worked at Ernst & Young focusing on mergers and acquisitions and strategic and financial management consulting.
He received a BA in Chemistry and a MBA from the Case Western Reserve University, where he also served as an instructor for numerous courses. Mr. Hemmelgarn is a former CPA.
Edward is currently a board member at the Cleveland Museum of Art. Edward is also on the Visiting Committee of Case Western Reserve University’s College of Arts and Sciences. He is a past recipient of the Outstanding Alumni Award from Case Western Reserve University’s Weatherhead School of Business. He was named Accounting Alumnus of the Year in 2003, and a recipient of Case Western Reserve University’s Department of Chemistry’s Distinguished Alumnus Award in 2016.
Edward and his wife, Jan, reside in Shaker Heights.
Chris Hemmelgarn, Portfolio Manager and Research Analayst
Chris is responsible for researching new and existing investments as well as portfolio management at Shaker Investments. He joined Shaker in 2017 and covers a range of companies and sectors with a focus on technology, consumer products, materials, and utilities.
Prior to joining Shaker Investments, Chris most recently worked in Sell-Side Research as a Vice President at Barclays covering Semiconductors from 2012-2017. He co-covered 5 companies there (shared with Barclays’ lead Semiconductor Analyst) and his primary responsibilities included company and market analysis and forecasting, publishing research, client marketing, and relationship management of company and industry contacts. Before joining Barclays, Chris earned his MBA (with Distinction) specializing in Finance and Corporate Finance at the NYU Stern School of Business from 2010-2012. He also worked as an Associate at Morgan Stanley developing and analyzing business management metrics from 2007-2010. Chris graduated from Georgetown University in 2004 with a BSFS in International Politics.
Chris is an avid golfer and cook, and is learning the joy of maintaining a 100 year old home after a decade plus in Manhattan apartments. He lives in Shaker Heights with his wife, Nicole, and son Graham.
Brandon Hemmelgarn, Portfolio Manager, and Research Analyst
Brandon is responsible for researching new and existing investments as well as portfolio management at Shaker Investments. He joined Shaker in 2012 and covers a range of companies and sectors including technology, consumer products and services, industrials, and materials.
Prior to joining Shaker, Brandon worked on the investment team at Audax Group, a Boston-based private equity firm focused on growing middle market companies.
Brandon currently is a member of the Washington Association of Money Managers and is a former board member of the Private Equity Association of Boston.
Brandon received his AB in Economics from Princeton University and is a Registered Investment Advisor Representative (FINRA Series 65).
He and his wife, Shelby, reside in Arlington, Virginia.