TCW Concentrated Core Strategy

Managed Account Division

A highly-focused approach primarily targeting top mid- to large-cap companies with strong and enduring business models. An active strategy utilizing proprietary fundamental research focused on identifying companies with improving operating prospects.

At-A-Glance

AUM or Committed to Management

$5.4 Billion (as of 03/31/18)
 

Style

Investment Team

  • Craig C. Blum, CFA

Investment Objective

The portfolios in TCW Concentrated Core Equities seek to maximize total return, with an emphasis on capital appreciation. Performance should be measured over a full market cycle.

 There is, of course, no assurance that this goal will be realized.

Investment Philosophy

Superior long-term performance can be achieved by participating in the long-term success of selected extraordinary businesses purchased at attractive valuations.

Top Ten Holdings (%)

  Portfolio
Amazon.com, Inc. 6.28
Alphabet, Inc. 5.85
Visa Inc. 5.77
Adobe Systems Incorporated 5.14
Facebook, Inc. 5.14
salesforce.com, inc. 4.73
American Tower Corp. 4.51
ServiceNow, Inc. 4.17
PayPal Holdings, Inc. 3.50
Booking Holdings Inc. 2.96
as of 3/31/2018 (updated quarterly)

Sector Weight (%)

as of 3/31/2018 (updated quarterly)

Legal Disclosures


The source for all charts and tables above is TCW
About Performance
Performance for any period not ending on a calendar quarter end is subject to adjustment at quarter end for accounts that are not present for the entire quarter. Past performance is no guarantee of future results.
About Portfolio Values and Holdings

Portfolio characteristics and holdings are subject to change at any time. It should not be assumed that an investment in the securities listed was, or will be, profitable.


*Source: BNY Mellon Performance and Risk Analytics, based on a managed account Concentrated Core (Large Cap Growth) model portfolio. Portfolio characteristics and holdings are subject to change at any time. It should not be assumed that an investment in the securities listed was, or will be, profitable.


**Source: BNY Mellon Performance and Risk Analytics, based on a managed account Concentrated Core (Large Cap Growth) model portfolio. Portfolio characteristics and holdings are subject to change at any time. The investment strategy does not target any specific numbers or ranges for these characteristics. Accordingly, these characteristics can vary greatly. The estimates are forward-looking statements based on assumptions. This would include forward earnings estimates and growth rates, among other things, and all associated calculations, including projected price/earnings ratios. Actual results may vary materially from the estimates due to the numerous economic, financial and market conditions. There is no assurance that forecast estimates will be realized.

Russell Trademark

Russell Investment Group is the source and owner of the trademarks, service marks and copyrights related to the Russell Indexes.  Russell® is a trademark of Russell Investment Group.

Investment Team

  • Photo: Craig C. Blum, CFA
    Craig C. Blum, CFA
    Group Managing Director

    Mr. Blum is the Portfolio Manager of the TCW Concentrated Core strategy and the TCW Select Equities Fund. He joined TCW in 1999 as a Research Analyst in the Equity Research group covering data networking, communications equipment, and enterprise technology companies. In 2002, Mr. Blum became a member of the Concentrated Core/Select Equities group and was subsequently named Portfolio Manager in 2004. Prior to TCW, Mr. Blum held various positions with FMAC Capital Markets, PaineWebber and Merrill Lynch. He received his BS in Applied Mathematics and Computer Science from the University of California, Los Angeles (UCLA), and his MBA from the UCLA Anderson School of Management. Mr. Blum is a CFA charterholder.

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