Genesis Private

Market Value

We focus on high-quality, durable business models at discounts to their private market value. Our disciplined process drives consistent results.

Genesis Private Market Value

We focus on high-quality, durable business models at discounts to their private market value. Our disciplined process drives consistent results.

Quality businesses. Margin of Safety. Performance for the long term.

 

A disciplined, repeatable process sets a manager up for success. We look for sustainable competitive advantages one stock at a time. The anchor in Reinhart Partners’ Genesis strategy is its unique valuation framework – Private Market Value (PMV).

Genesis PMV at a glance


Category

Small Cap Equity

Benchmark

Russel 2500 Index

Inception

September 30, 2008

Market Cap Range

$750 million to $10 billion

Number of Holdings

35-45

Turnover

25% – 45%

Active Share

97%+

 

Private Market Value is the anchor in our strategy. ​PMV keys in on the price an acquirer would be willing to pay per share for the entire company, and is derived by first observing actual takeover valuation multiples. We use industry-specific metrics to capture appropriate value drivers.

 

Stock prices are more volatile than the underlying value of the franchise, creating a unique investment opportunity. Private market value becomes the anchor that frames all decisions within an emotional market. We apply the “margin of safety” principle to provide a measure of protection against unforeseen changes in estimates.

Benefits to our PMV approach

 

Objective: Measures what buyers will pay for companies

 

Disciplined: An anchor in the midst of emotional markets

 

Opportunistic: Takes advantage of market volatility

 

Custom: Applies a unique value methodology to each sector

 

Dynamic: Captures changing industry fundamentals and outlook

 

Strategic: Helps to identify key value drivers for every stock

Our Philosophy

 

Emphasis on Quality First:

Finding sustainable competitive advantages one stock at a time.

 

Private Market Value:

Reinhart Partners’ proprietary methodology for determining a company’s intrinsic value.

 

Positive Risk/Reward:

Protecting capital in tough markets while capturing most of the upside return when stocks advance.

Portfolio Managers


Matthew Martinek, CFA

Lead Portfolio Manager

Brent Jesko

Co-Portfolio Manager

Additional Information


 

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Genesis PMV Fact Sheet

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Genesis PMV Commentary

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