01 Objective
Long-term capital appreciation by targeting innovative and disruptive secular themes with large total addressable markets — diversifying across themes, sectors, geographies, and market caps.
Growth satellite
Thematic Innovation
Diversified secular-growth themes, selected with discipline — top-down themes, bottom-up names, screened on fundamentals before they earn a position.
High-conviction, not crowded.
We believe the highest-quality growth exposure comes from owning the companies whose business models tie directly to a long-cycle driver — not the ticker that markets the theme. Thematic Innovation starts with secular themes that have durable demand and a long runway, then screens the names within them on profitability, capital efficiency, margins, and valuation before any position is sized.
Themes are identified top-down; names are selected bottom-up. The two disciplines compound: a strong theme without strong fundamentals is a story; strong fundamentals without a structural tailwind is a trade. We want both.
The portfolio is diversified across multiple secular themes rather than concentrated in one. Across the active book today: AI infrastructure, the power and grid buildout, cybersecurity, robotics and automation, precision healthcare, enabling defense, and critical minerals — themes that rarely line up at the same time in a cap-weighted index. That diversification is the point. No single theme drives the strategy. No single name drives a theme.
The fundamental screen is what keeps the portfolio from chasing whatever theme is in favor. A name has to clear the bar on profitability, capital efficiency, and valuation to earn a position, no matter how loudly its theme is being marketed, and themes that have over-earned their cycle rotate out before crowding compounds the risk.
Spec sheet
At a glance.
02 Approach
Top-down themes, bottom-up names. Long-cycle research identifies the themes; a disciplined fundamental screen selects the companies within them on profitability, capital efficiency, margins, and valuation.
03 Implementation
A high-conviction basket of equities per theme, drawn from a defined global, U.S.-listed universe. Tax-aware by design; complementary to broad growth indices like the Nasdaq-100.
Process
How the Thematic works.
Start with long-cycle drivers. Build pure-play theme baskets from companies with direct business exposure and supportive fundamentals.
01
Identify the theme
Find structural shifts with large addressable markets, durable adoption, and a long runway.
02
Define pure-play exposure
Build a universe where revenue, capital spending, or product leadership ties directly to the theme.
03
Screen on fundamentals
Review profitability, revisions, capital efficiency, margin growth, and valuation before sizing exposure.
04
Build the basket
Own a selected basket by theme, then review as catalysts, valuations, and leadership rotate.
Secular
Tailwinds
Tailwinds
Large
TAM
TAM
Durable
Adoption
Adoption
Theme Basket
Fundamentals
Valuation
Quality
The result is a pure-play innovation sleeve — themes with durable demand, names with company-level discipline.
Where it fits in a portfolio.
A satellite inside the growth bucket of an aggressive allocation — alongside, not instead of, a large-cap growth core.
Sample aggressive portfolio allocation
Illustrative aggressive portfolio — not a recommendation.
Talk with us about Thematic Innovation.
Walk through the current themes, the screening discipline, or how the sleeve would sit alongside a growth core. The conversation is the partnership.