Crabtree Asset Mgmt Profile Picture Investment Adviser

Crabtree Asset Mgmt

Crabtree Asset Mgmt

  • EducationUniversity of Texas at Austin, McCombs School Of Business; U Mass Amherst
  • QualificationsMBA
  • Investment Experience20 years
  • Founded2009

Crabtree Technology


  • Additional attributes Small cap, sector
  • Strategy Stocks
Crabtree Technology is a science and technology, long-only investment strategy. It seeks to outperform the Merrill Lynch Technology 100 Index.  

The strategy seeks companies that consistently meet three criteria that Barry calls the Crabtree Attributes:

Potential investments must a) consistently generate cash, b) hold on to or increase their market share, and c) do so while executing on their operational and financial plans.
Barry’s investing style starts with a disciplined process that helps him find companies with the Crabtree Attributes. He personally believes that a portfolio of companies with the these attributes can generate positive, risk-adjusted returns.

He seeks to build a broad base of knowledge about all tech companies, instead of knowing “everything” about just a handful of companies.

The investment strategy will not invest in Exchange Traded Funds (“ETFs”), but will invest in American Depositary Receipts (“ADRs”). ADRs are receipts of shares of foreign companies that trade on the U.S. stock market.
Barry has used the same screens for more than 13 years to find his potential investments. His screening process measures cash flow, changes in market share and looks for signs of business model execution.

Stocks that he thinks possess the Crabtree Attributes are subject to additional fundamental analysis.

The portfolio is rebalanced once every quarter using an unbiased, disciplined process.
The Crabtree Technology portfolio seeks to own 50 positions at all times. The portfolio is rebalanced roughly every three months. New positions usually make up 2% of the portfolio. Existing positions that remain in the portfolio are increased or decreased based on price strength or weakness.
The main reason stocks are sold is because he believes they no longer possess the Crabtree Attributes. In that case, the company is sold as part of the rebalancing process, regardless of its stock price or price direction.
Barry reserves 10% of the strategy for companies he believes possess the Crabtree Attributes but were not spotted by his screening process. Companies not caught by the screen may have recently gone public, were recently spun off from another company, or carry a premium valuation because of a potentially superior business model.

Performance

0.7%

Month to date

MTD

8.9%

Quarter to date

QTD

13.4%

Year to date

YTD

Quarterly vs S&P500

Quarterly vs S&P500

Risk score

  • 28.8%

    Best quarter

  • -19.7%

    Worst quarter

    • 1% fee
    • $30,000 min
  • Required: Margin account

Performance detail

Pre-Covestor performance history
  • Manager (net of fees)
  • Russell 2000 Growth

Performance Portfolio inception Apr 01, 2009

as of Sep 26, 2016 Manager (net of fees ) Russell 2000 Growth S&P 500
Month-to-date 0.7% 0.9% -1.1%
Quarter-to-date 8.9% 8.5% 2.3%
Last 365 Days 20.4% 7.8% 11.1%
Since inception (Annualized) 20.6% 15.3% 13.7%
2016 (YTD) 13.4% 6.3% 5.0%
2015 -4.1% -2.0% -0.7%
2014 7.7% 4.9% 11.4%
2013 46.8% 42.4% 29.6%
2012 18.3% 13.7% 13.4%
2011 -0.1% -3.5% -0.0%
2010 26.4% 28.3% 12.8%

Risk metrics Last 365 days

as of Sep 26, 2016 Manager (net of fees ) Russell 2000 Growth S&P 500
Volatility 17.8% 20.8% 14.8%
Sharpe Ratio 1.13 0.36 0.74
Sortino Ratio 1.68 0.53 1.01
Maximum Drawdown -15.1% -23.4% -13.3%
Value-at-risk (95%, 1 week) -4.1% -4.8% -3.4%
Russell 2000 Growth vs. S&P 500
Information Ratio 1.65 1.09
Alpha 12.4% 7.8%
Beta 0.80 1.06
R-Squared 0.87 0.77

Exposure

27.6%
27.1%
25.9%
13.6%
1.9%
  • Industrial
  • Consumer, Non-cyclical
  • Technology
  • Communications
  • Consumer, Cyclical

Top 5 securities

2.5%
2.4%
2.3%
2.3%
2.2%
View all

Portfolio commentary

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Latest transactions Average trades per month 6.6

Executed Symbol Security Type Price
09/09/16 AJRD Aerojet Rocketdyne Holdings Inc Buy $17.79
09/09/16 VSH Vishay Intertechnology Inc Buy $13.73
09/09/16 TTEK Tetra Tech Inc Sell $35.05
09/09/16 LDOS Leidos Holdings Inc Buy $41.66
09/09/16 INWK InnerWorkings Inc Buy $8.24
09/09/16 MKSI MKS Instruments Inc Sell $46.60
09/09/16 VZ Verizon Communications Inc Sell $51.85
09/09/16 NANO Nanometrics Inc Sell $20.44
View all

Important Information

  1. Past performance is no guarantee of future results.
  2. Performance of the Portfolio Manager's account is calculated by Covestor on a daily time-weighted basis, including cash, dividends and earnings distributions and broker commissions. Manager returns include trades and positions that fail Covestor's trading rules, as a result, actual client returns will differ. Covestor advisory fees are simulated and applied retro-actively to present the portfolio return "net-of-fees".
  3. Average client returns are calculated by Covestor and are composed of the asset-weighted average returns of all active client investments (some of which may contain investment restrictions) to the underlying portfolio. These daily average returns are then linked together for the timeframe presented. These returns include cash, dividends, and earnings distributions, and reflect the deduction of Covestor advisory fees, brokerage and other commissions and expenses actually paid by clients.
  4. All graph data is as of the end of day for the referenced period, unless otherwise specified. The investment minimum is the minimum investment required to follow a particular portfolio. The minimum amount is determined by Covestor, based on the characteristics of the underlying portfolio. It should not be considered as specific investment advice for your investment situation.
  5. The performance charts are provided for informational purposes only, and should not be used as the basis for making an investment decision. Variables such as corporate actions or foreign exchange may affect daily performance displays. We rely on mathematical formulas, computer programs, and pricing information from third-party vendors to provide these returns. Neither Covestor nor any of its data or content providers shall be liable for any errors in this information or any actions taken by you in reliance upon this information.
  6. Benchmark returns have been calculated by Covestor using a time-weighted calculation of daily index valuations. More
  7. Leverage indicates the level of margin utilized and is calculated by dividing gross exposure by portfolio net liquidation value.
  8. All Portfolio Manager information including personal data, profiles, strategies, monthly investment reports, and historical results outside of Covestor has been provided by the Portfolio Manager. Covestor makes no representation or warranty of its accuracy, completeness or relevance and it does not represent the opinions of Covestor. Transaction history is available upon request. Portfolio classifications are provided by Covestor, and are intended to serve as a general guide.
  9. Not all transactions listed will appear in your account due to Covestor's trading rules and individual client constraints. Eligibility of these securities is monitored periodically, and may change over time. Actual client investment holdings may vary.
  10. Index returns do not reflect any management fees, transaction costs or expenses. Individuals cannot invest directly in an Index. For certain portfolios we use an investable ETF as a benchmark, in these cases returns include management fees, transaction costs and expenses.
  11. This portfolio was launched on Covestor on 2011-09-30. Returns history prior to launch is GIPS verified and provided by the manager. Covestor has not reviewed this performance data but has received manager certification that it adheres to the current strategy.
  12. This portfolio uses short selling. Short selling is more complex than simply owning securities, involves a high degree of risk, is highly speculative, and is not suitable for all investors. The risk of loss associated with short selling is virtually unlimited. Short selling may also involve additional expenses and risks, including hard-to-borrow stock charges and buy-in risk. You should only select a portfolio using short selling if you are comfortable with the level of risk involved in short selling.
  13. This portfolio uses borrowed funds or leverage to fund investments. Leverage involves a high degree of risk, is highly speculative, and is not suitable for all investors. Leverage increases both the amount you may lose and the amount you may make in a portfolio, leading to higher returns in the case of favorable market movements but also larger losses under adverse market conditions. You may also incur additional expenses associated with borrowing funds. You should only select a portfolio using leverage if you are comfortable with the level of risk involved in using leverage.