Taking Stock Findlay Park Partners

As the MegaCap-8 stocks continue to dominate the market in 2023, Sello and Anthony discuss some of key debates surrounding their outperformance.  
[00:40] Introduction
[02:26] Anthony explains why we think that the trends contributing to the MegaCap-8 performance are due to reverse
[08:27] How we are selective with the MegaCap-8 
[12:18] Do you need to own mega-caps to benefit from the AI trends?
[19:10] Closing remarks 

Simon and Anthony discuss the changing investment environment over the last 25 years and how our Investment Philosophy has been applied throughout.
[00:35]Introduction[01:33]Anthony reflects on what drew him to Findlay Park[05:55]The Investment Philosophy as the cornerstone to our investment approach[07:48]‘A game of two halves’[12:35]What we look for in company management[17:30]The American landscape – reshoring and reindustrialisation
[22:24]
Closing remarks

As the Fund enters its 25th year, Jon and Sello discuss a change in the market environment and how that’s driven a pivot towards midcap holdings.
[00:05] Introduction.
[05.16] Findlay Park’s definition of ‘midcap’.
[06:20] Factors driving the pivot towards midcaps.
[11:25] Analysing midcap companies through a responsible investment lens.
[13:05] Overlap between midcaps and re-industrialisation of America. 
[14:37] Closing remarks.
This is a marketing communication. For investment professionals only. Information presented, including any reference to specific investments, is for illustrative purposes only and should not be regarded as investment advice, research or as a recommendation to buy or sell any investments. Past performance is not a reliable indicator of future results. The value of investments may go down as well as up, and you may not get back the original amount invested. This information reflects opinions based on current market conditions at the date of recording. They are subject to change without notice and involve a number of assumptions which may not prove valid. This data is provided for information only and should not be reproduced, published or disseminated in any manner. The podcast is not directed at or intended for distribution to any person or entity who is a citizen, resident or located in any jurisdiction where the distribution of this podcast and/or the purchase or sale of shares in Findlay Park Funds plc (“Fund”) would be contrary to applicable law or regulation. Any investment in the Fund will be subject to the terms, including a list of risk factors referred to in the Fund’s prospectus. Findlay Park accepts no liability for any loss or damage arising from the use or misuse of, or reliance on, the information provided including, without limitation, any loss of profits or any other damage, whether direct or consequential. Findlay Park does not warrant the accuracy, adequacy or completeness of the information and data contained in this podcast. The podcast may include information derived from third parties. All rights for third parties and Findlay Park Partners LLP are reserved.
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Anthony and Jon discuss the factors that have forced a pivot toward de-globalisation, and why we think American companies are well positioned: energy independence, government incentives and a diversified economy.

Against the backdrop of challenging market sentiment, we discuss why the companies we invest in remain a good fit with our Investment Philosophy.

Our thoughts on Danaher and Sherwin-Williams and how they fit with our Investment Philosophy.