Long Cast uses fundamental analysis and a tax-efficient buy-and-hold strategy to assemble concentrated portfolios of individual equities with market capitalizations below $2B. Our proven approach unlocks returns in overlooked small caps inaccessible through traditional vehicles.

Our research-intensive process draws on 20+ years of experience in investing, reporting, and private investigations. We apply the Lone Pine model of intensive management due diligence to the smaller end of the market spectrum. Our patient framework for business underwriting and management evaluation has led to early allocation to compounders before institutional discovery.

Rigorous research is foundational to our work, precisely because the right time to buy is when the market insists we are wrong. Where we can develop a variant perspective built on fundamental research, market analysis, and reasonable forecasts, we make concentrated investments. Combined with patience, our strategy exploits two major market inefficiencies; "indexation indifference" and "short-termism".

We believe in alignment between clients, managers, and operating companies. The majority of our liquid net worth is invested pari passu. With turnover below 10%, we maximize after-tax returns through an SMA structure that minimizes costs.