LEDGEWOOD MANAGEMENT

Thesis

Edgewood Management LLC is a large-cap growth equity firm that focuses on publicly traded companies, typically holding around twenty-two stocks. Their investment strategy is research-driven, employing fundamental analysis with both qualitative and quantitative inputs. They practice a 'buy and hold' approach, with securities usually held for three to five years. Edgewood seeks companies with above-average earnings growth relative to their industry or the market and integrates sustainability risk factors into their analysis. They also utilize exclusionary screening, avoiding investments in companies involved in tobacco, pornography, gambling, cluster munitions, landmines, or those with significant revenue from coal production. While their primary focus is large-cap, they can also invest in small or medium-capitalized companies and foreign companies via American Depository Receipts (ADRs). Their strategy involves taking significant positions in their best ideas, with limits of 8% in any one security and 25% in any one sector. As of March 27, 2026, their Assets Under Management (AUM) were $21,516,592,879. Founded in 1974, their legal name is Edgewood Management LLC, and their headquarters are in Greenwich, CT.