|
Spiros Segalas | HCAIX
Mutual Fund | |
| Harbor Capital Appreciation Fund | |
| Last update 2022-09-29 | 48 Stocks (1 new) |
| Value $24.45 Bil | Turnover 4 % |
| Portfolio Report | |
Spiros Segalas Profile
Segalas is one of the founders of Jennison. In addition to managing institutional portfolios, he has managed the Harbor Capital Appreciation Fund since May 1990. He is also co-manager of the Prudential Jennison Blend Fund, Prudential Jennison Growth Fund, Prudential Jennison 20/20 Focus Fund, and the Prudential Jennison Select Growth Fund.
Segalas began his investment career as a research analyst with Bankers Trust Company in 1960 and was responsible for technology, aerospace, and conglomerate securities. In 1963, he was appointed group head of the technology group; in 1967, he was asked to manage a newly introduced commingled emerging growth fund, The Supplemental Equity Fund, for the bank’s institutional clients. He was also appointed to the bank’s investment policy group.
Segalas received a BA from Princeton University, after which he served as an officer in the U.S. Navy. He also spent some time in the shipping and construction industries before joining Bankers Trust.
Segalas began his investment career as a research analyst with Bankers Trust Company in 1960 and was responsible for technology, aerospace, and conglomerate securities. In 1963, he was appointed group head of the technology group; in 1967, he was asked to manage a newly introduced commingled emerging growth fund, The Supplemental Equity Fund, for the bank’s institutional clients. He was also appointed to the bank’s investment policy group.
Segalas received a BA from Princeton University, after which he served as an officer in the U.S. Navy. He also spent some time in the shipping and construction industries before joining Bankers Trust.
Spiros Segalas Investing Philosophy
The Jennison team looks for catalysts that are expected to drive long-term growth rates well above that of the market such as disruptive technologies or services, new product cycles, and expanding addressable markets. It seeks to invest in companies with unique business models that build sustainable competitive advantages, through proprietary technologies or patent protections, strong brands, economies of scale and network effects, or speed to market and supply chain advantages.
The Fund favors holdings that have superior financial characteristics like strong revenue growth, strengthening market position, and healthy balance sheets with financial flexibility. Last but not least, stocks in the Fund have what the team considers appropriate valuations.
The Fund favors holdings that have superior financial characteristics like strong revenue growth, strengthening market position, and healthy balance sheets with financial flexibility. Last but not least, stocks in the Fund have what the team considers appropriate valuations.
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