NorthCoast Asset Management LLC

NorthCoast Asset Management LLC is an investment management firm based out of Greenwich, Connecticut. The company was originally established in 1988 and has grown from its inception to now operate with 30 employees of which 20 are investment professionals. NorthCoast Asset Management conducts its research internally, utilizing a quantitative methodology to make its investment decisions. The company focuses on the value and growth stocks of companies, allocating its assets across a variety of sectors in the public equity and fixed income markets within the United States. NorthCoast Asset Management invests most heavily in the consumer discretionary, finance, and information technology sectors, each of which make up approximately a sixth of the firm’s total asset allocations, and also invests in the consumer staples, health care, utilities and telecommunications, materials, energy, and industrials sectors, among other sectors to a lesser degree, in order of decreasing allocation. The company holds its allocations for only 1.5 quarters on average and holds its top 10 allocations, which makes up over a third of the firm’s total allocations, for 1.9 quarters on average. In the most recent quarter, NorthCoast Asset Management had a turnover rate of 104.4%. NorthCoast Asset Management oversees over $2.7 billion in total assets under management spread across over 9,400 accounts, all of which are discretionary accounts except for 1 which makes up $100 million of its managed assets. Both of the company’s total number of accounts and total assets under management have been increasing in recent years with NorthCoast Asset Management’s total assets under management growing significantly despite some volatility from $300 million back in 2010 to well over 8 times that amount today. The company mainly caters to individuals and high net worth individuals, each of which makes up over a third of the firm’s client base. NorthCoast Asset Management offers a variety of strategies including United, Vista, Legends Value, Balanced, Growth & Income, and ETF Retirement portfolios, among others.