Best Ideas Basket

We are unconstrained and nimble in our approach and will traverse across market caps and sectors to find investment opportunities where we can garner high conviction. Predictability and reliability are key parameters that guide our conviction. Accordingly, all publicly traded companies in India comprise our universe.

As students of the likes of Warren Buffett, Charlie Munger and Seth Klarman, we think of investing as taking part ownership in businesses with a long-term horizon and appropriate margin of safety. As such, our first principles guiding our investment approach are: 1) Buy the Business, Not the Stock; 2) Margin of Safety is Key (Value &gt; Price). Accordingly, our research process involves spending considerable amount of time in doing deep-dive fundamental work to assess a given business and its valuation.

Our investment recommendations are guided by three key pillars: 1) Quality, 2) Business Potential/Earnings Power and 3) Valuation. For more details, please refer to the Strategy section of our website at: https://yellowstoneequity.com/strategy.

We provide Conviction Level (%) per idea to indicate our confidence level in a given idea. The Conviction Level also indicates relative attractiveness of a given idea vis-a-vis our other ideas. Higher the conviction level percentage, higher the confidence level. Structuring our Top Ideas Basket by Conviction Level also enables measurability and trackability of the conviction-weighted performance of our recommendations in a consistent and quantifiable manner across time periods. Note that these Conviction Level percentages should not be construed as portfolio weightages or asset-allocation/capital-allocation advice. Our clients/end-users are free to invest in none or one or many or all of our recommended ideas, in any proportion/weight/allocation as per their choice and as they deem appropriate. Our Conviction Level per idea is a function of: a) Age of a Business in its Lifecycle (based on evidence of business and potential runway for growth) and b) Risk/Reward Asymmetry.

This smallcase will be rebalanced on an as-needed basis

Top Ideas Basket Fundamental

High conviction ideas across market-cap/sectors to help create wealth through alpha and compounding

Top Ideas Basket Fundamental

Overview

Stocks & Weights

At a Glance

Holdings Distribution