Investment Strategies ■ Large Cap Value
Cooke & Bieler’s Large Cap Value strategy has a performance record of over 30 years. For performance purposes, we view the Russell 1000 Value as the primary benchmark and the S&P 500 Index as a secondary benchmark which we believe is more appropriate for longer term periods.
We seek to outperform the benchmark by 150-200 basis points over the longer-term (five years or a market cycle). The expected pattern of results is to perform well in normal markets, exceptionally well in difficult or down markets, yet lag in exceedingly strong up markets.
The Cooke & Bieler Investment Team, utilizing a research intensive process, supports all of the firm’s strategies including Large Cap Value. Our bottom-up emphasis results in a “stock picker's” portfolio. As with all Cooke & Bieler strategies, we follow a “high quality, low risk” approach, resulting in a diversified, fairly concentrated (not to exceed 50 stocks), low turnover (20-30%) portfolio.