Northlake Capital Management, LLC is a registered investment advisor offering investment advisory services to high net worth individuals and their affiliated entities. Northlake specializes in the management of equity portfolios using a "Core and Explore" strategy. "Core and Explore" combines a small portfolio of exchange traded index funds (ETFs) with a select basket of individual stocks.
Most of the ETFs are selected using a monthly model that rotates funds among small, mid, and large capitalization stocks and growth and value stocks. Back tests of these models show superior returns since 1980. Successful investments for real clients have been achieved since early 2004. Northlake recently an International theme to its ETF rotation strategy via investment in ETFs which track stock markets in five different regions of the world. more...
What We Do
I've spent my entire 24 year investment management career in a long-only environment serving mostly high-net-worth individual investors and their related retirement and charitable accounts. During the 1980s and the first half of the 1990s, I had a lot of success as measured by my ability to produce a return in excess of the S&P 500 on an annual basis. This is still my goal, whether in up or down markets. Until the second half of the 1990s, I felt I had an edge because of good analysis and my ability to get to sources of information that weren't widely available to individual investors. This was true of all professional investors and, as a group, we had a good thing going.
The late 1990s' bull market coincided with the rise of the Internet and other advances in communications technology. More information was available and it flowed faster. Stock prices responded more quickly. The decline in trading costs accelerated and ultimately trading costs collapsed. All this led to increased competition. It became easy to set up new money management firms. Individual investors had inexpensive access to tools formally exclusive to the pros. The bull market fueled demand. What happened was obvious: Long-only money managers faced a new environment where traditional methods of beating the market no longer worked; their edge was gone. more...
"Most stock market analysis is open to subjective, selective manipulations. Therefore, we use only objective indicators and go with the weight of the objective indicator evidence."
-- Ned Davis, Ned Davis Research, Institutional Hotline,
Cycles and Barometers Everywhere, 2/14/05.
NDR provides research support for Northlake Capital Management, LLC
Latest Posts from Media Talk
October 24, 2014
ClubCorp Holdings: On The Tee For GainsClubCorp Holdings (MYCC) is the largest owner-operator of private country clubs and business clubs in the United States. MYCC recently completed the acquisition of Sequoia Golf, the third largest owner-operator of country clubs, and now owns or operates over 200 clubs in more than 26 states. Clubs are somewhat clustered in warmer clients with Texas and Georgia providing a strong regional presence. MYCC has been around since 1957 and prior to its IPO was controlled...
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October 21, 2014
Google and Apple: A Tale of MomentumGoogle (GOOG) and Apple (AAPL) reported in the past week, kicking off another round of quarterly earnings reports for stocks held in Northlake client accounts. GOOG and AAPL compete directly on operating systems (iOS vs. Android) and the desire to control the largest ecosystem of online consumers. Northlake will continue to hold both stocks in client portfolios, although as explained below there is currently a divergence in the near-term outlook for the two stocks. GOOG’s...
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Posted by Steve Birenberg at 12:16 PM in
October 01, 2014
Large Caps and Value Remain Favored ThemesThere are no changes to the recommendations from Northlake’s Market Cap and Style models for October. The Market Cap model is recommending large caps for the second consecutive month. The Style model is sticking with value, which was first recommended in April. With no changes to the favored themes for October, client portfolios using the models will continue to hold the S&P 500 (SPY) and the Russell 1000 Value (IWD). The Market Cap signal looks...
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September 02, 2014
Large Cap and Value Favored for SeptemberThere are no changes to the recommendations from Northlake’s models for September. The Market Cap model favors large cap for the second consecutive month. The Style model is recommending value as it has since February. As a result of the latest model readings, there will be no changes to Northlake client holdings that follow the models. The large cap S&P 500 (SPY) and the Russell 1000 Value (IWD) will be held for at least another...
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August 10, 2014
June Quarter Media Earnings RecapEvery quarter most of the major companies and most of Northlake’s individual stock positions all report during the same week. This occurred during the week just ending. It is a crazy time of conference calls, research reports, volatile stocks, more conference calls, and even more conference calls! There is a benefit to all this as we get to hear from all the leading companies at the same time so we can compare and contrast and...
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