Large Cap Value
December 31, 2013
Who We Are
Large Cap Value Strategy Summary
Wood Asset Management is an SEC registered investment advisory firm
with over $350 million of assets under management. For over 20 years, we
have successfully managed a broad range of equity and balanced
strategies for institutions and individuals alike. With a singular focus on the
management of money and a dedication to the satisfaction of our clients’
expectations, we offer the unique benefits of a boutique firm but with the
resources usually attributable to much larger investment management
companies.
Strategy Inception:
Strategy AUM:
Strategy Accounts:
Total Firm AUM:
Target Holdings:
Benchmark:
1/1/2002
$258.3 Million
54
$350 Million
35 – 70
Russell 1000 Value
Strategy
Composite*
Portfolio Composition
Objective
The Large Cap Value strategy seeks to generate consistent, competitive
long-term results relative to the Russell 1000 Value Index, but with lower
levels of volatility.
Philosophy and Process
Our top-down macro and sector analysis identifies investment opportunities
on the basis of relevant macro cycles and trends, after which we determine
appropriate sector weightings.
Current P/E (Fiscal Year 1)
Forward P/E (Fiscal Year 2)
P/B (Weighted Average)
Dividend Yield (Weighted Avg.)
Median Market Cap (Billions)
Weighted Avg. Mkt Cap (Billions)
5 Year Portfolio Beta
Annual Turnover
Number of Positions
Strategy Sector Allocation
Using bottom-up stock selection, we employ fundamental and quantitative
criteria to identify undervalued companies. These are typically high-quality,
temporarily out-of-favor stocks with strong balance sheets, good revenue
and earnings growth prospects, attractive and growing cash dividends, and
strong management teams.
Cons Staples
Sell price targets are established and maintained for each individual
security for constant evaluation of upside potential versus downside risk.
Health Care
Why Invest With Wood Asset Management?
•
Time-tested strategies over 20 years of market cycles
•
As a fee-only advisor, our interests are aligned with the interests of our
clients
•
Commitment of integrity, professionalism and full customization through
separate account administration
•
Full transparency of separate accounts, including portfolio trading and
advisor fees
•
Frequent client communication through meetings, conference calls and
market commentary
16.5
14.5
2.6
2.0%
$61.6
$118.1
1.03
32.6%
52
Cons Discr
10.0%
6.3%
Energy
11.4%
Financials
27.9%
14.3%
Industrials
10.4%
Info Tech
10.7%
Materials
1.8%
Telecom
2.1%
Utilities
0.0%
2.7%
5.0%
10.0% 15.0% 20.0% 25.0% 30.0%
Top 10 Holdings
General Electric
Exxon Mobil
J P Morgan Chase
Johnson & Johnson
Intuit
3.4%
3.3%
3.1%
2.8%
2.7%
Citigroup
BlackRock
Thermo Fisher Corp
AmerisourceBergen
American Express
2.7%
2.6%
2.5%
2.5%
2.4%
* Based on the model portfolio. The information provided in this report should not be considered a
recommendation to purchase or sell any particular security. There is no assurance that any securities
identified herein will be part of the portfolio at the time you receive this report.
Wood Asset Management, LLC
1605 Main Street . Suite 904
Sarasota . FL 34236
TEL
941.361.2195
FAX
941.906.9494
WEB
www.woodasset.com