National Investment Services

NIS / Wood Asset Management Large Cap Value Equity


Wood Asset Management is an investment management frm that provides a range of equity investing strategies to a variety of individual and institutional clients.

Established in 1994, the firm manages money across the United States for institutions, Taft Hartley accounts, foundations, endowments, and high net worth clients.

Relative Value Strategy

The Relative Value Strategy maintains a true focus on large-cap value. This portfolio consists of large-cap stocks that provide meaningful exposures to all sectors. We seek competitive returns, reduced volatility and a measure of downside protection.

Investment Strategy

* We seek to generate consistent, competitive results relative to the Russell 1000 Value Index, but with lower levels of volatility.
* We perform a top-down macro and sector assessment to identify opportunities on the basis of relevant cycles and trends.
* We complete a comprehensive examination of balance sheets and a review of company fundamentals.
* We identify undervalued companies using fundamental and qualitative criteria that reveal high-quality stocks with strong balance sheets, good prospects for revenue and earnings growth, strong management teams and growing cash dividends.
* We constantly evaluate upside potential and downside risk.

Sell Discipline

* We establish and maintain sell-price targets for each individual security.
* We act when we observe loss of management focus or when the inability to execute a business plan is demonstrated.
* We trim over-weighted positions.
* We remain vigilant toward more attractive opportunities.

Large-Cap Relative Value Investment Team:

Harald Hvideberg, CFA | Managing Director and Chief Investment Officer

Tyler Pullen, CFA | Vice President, Analyst

Sean J. Keenan, CFA | Vice President, Analyst