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Findlay Park

Findlay Park is an independent investment partnership based in London, 100% owned by its partners. We have one investment team, based in one location, managing one strategy, with the core purpose of generating compelling compound returns for our investors, measured over decades.

The Findlay Park American Fund is an all-cap active US equity fund which holds 40-60 stocks. Launched in 1998, we have 25 years’ experience investing in America with a clear Investment Philosophy that is aligned to our purpose and rigorously applied through all market conditions. We implement our philosophy by assessing each stock against a checklist of twenty-nine questions, which analyse key aspects of a business including its financial and competitive position, management, and valuation. Our philosophy guides us towards profitable companies that are typically self-funded, have lower leverage than the market average, and have pricing power – attributes that we think are distinctly important given the current market backdrop.

Why we are distinctive

We believe that ‘Keeping it Simple’ and taking less risk enables us to generate a higher compound rate of return for our investors. Ultimately, we want to invest in a diversified portfolio of quality businesses that have enduring competitive advantage so we can feel confident in the inevitability of the outcome. By focusing on one strategy, we can delve into detail, maximise our focus on investing and spend time engaging with both investors and management.

We believe that continual learning and a readiness to evolve are essential to success. As an independent partnership our interests are fully aligned with our investors.

FINDLAY PARK AMERICAN FUND

December 2023 Factsheet

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