Cove Street Capital offers concentrated, value-based investment strategies that capitalize on inefficiencies in public markets.
100% Employee-owned | $159mm AUM ā 79% Institutional as of 6/30/2024
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 researchIndex agnosticāmust be different to deliver superior results.
Think...and act ...long-term
The market will be inefficientāwait 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 35 yearsā 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-makingāinvestment people contributeāPM 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.