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Cove Street Capital offers concentrated, value-based investment strategies that capitalize on inefficiencies in public markets.

100% Employee-owned | $1B AUM — 89% Institutional as of 09/30/17


To paraphrase Buffett paraphrasing Graham:
We will neither be right nor wrong because the crowd disagrees with us.
We will be right when our data and reasoning are right.

Classic
fundamental,
research-driven value
Blend of rigorous modeling with practical wisdom to identify competitive advantage, intrinsic value, and margin of safety
Concentrate on
best ideas
Leverage intensive internal research

Index agnostic—must be different to
deliver superior results
Think...and act
...long-term
The market will be inefficient—wait for it

The mathematics of compounding

Less is more

ABOUT THE PORTFOLIO MANAGER

Mr. Bronchick is the Portfolio Manager and co-founder of Cove Street Capital (CSC). He has over 30 years’ experience running research-driven, concentrated, value-based strategies across all market capitalizations. Prior to the founding of CSC, Mr. Bronchick was the Chief Investment Officer and a lead principal of Reed Conner & Birdwell, LLC, a Los Angeles based investment manager. He also previously held positions in research and trading at Neuberger Berman, Bankers Trust, and First Boston. Mr. Bronchick attended the London School of Economics and graduated from the University of Pennsylvania with a BA in Economics.

WHY COVE STREET CAPITAL?

We do not employ group decision-making—investment people contribute—PM makes final call.

We do not attempt to mimic indices or the portfolios or holdings of other well regarded money managers.

We do not adhere to an over-diversification policy that inevitably inhibits performance.

We will limit assets under management.

We record our decision process and build an honest intellectual history of our decision-making.