Public Equity

Building durable portfolios where we seek to deliver excellent returns

About BBH Public Equity

Our mission is to be the best at preserving and growing our clients’ capital over long periods of time. We seek to invest in durable, high-quality, businesses that we believe have strong secular growth opportunities with both an operating and valuation margin of safety for equityClose
Margin of Safety

With respect to equity investments, a margin of safety exists when we believe there is a significant discount to intrinsic value at the time of purchase.

See More Definitions. Our objective is to generate attractive risk-adjusted results for our clients over full economic cycles.
 
Our approach is grounded in three key insights:
  • Market prices can materially diverge from underlying business value, providing us with significant opportunities.
  • Owning exceptionally high quality, durable, and growing businesses before economic challenges arise allows for disciplined decision making throughout economic cycles.
  • We view equity investing as business ownership, reflecting the compounding of underlying business value over long periods of time.

  • $16.2 Billion

    Equity AUM
    (as of 06/30/2024)

  • >30 Years

    Average experience of our

    portfolio management team 

    (as of 06/30/2024)

  • 14 Years

    Average tenure of client relationship
    (as of 06/30/2024)

We are guided by a set of core principles that are applied across all equity strategies: 


  • Active Management: Bottom-up, fundamentally-driven, value-oriented approach to equity selection.

  • Durability: Focus on cash-generative businesses that are leading providers of essential products and services, can prosper in varying economic conditions and are positioned to grow shareholder value over time. 

  • High Conviction: Achieve reasonable diversification while still ensuring meaningful concentration in our highest-conviction ideas.

  • Long-term Perspective: We believe in the benefits of compounding, by investing in businesses that we expect to be materially stronger and more valuable 5 and 10 years from now.

  • Discipline and Patience: Adhere to strict investment criteria awaiting attractive valuation opportunities.

1. Identify the Opportunity Set: Narrow the broad universe to the most qualified companies that meet our demanding set of qualitative and quantitative investment criteria.

 

2. Conduct Deep Fundamental Research: Analyze the competitive advantages, industry structure, management excellence, ESG risks/opportunities, and financial profile of targeted businesses.

 

3. Invest with Patience and Discipline: Wait for purchase opportunities at attractive discounts to our intrinsic value estimates.

  • Our bottom-up investment process is not predicated on making macroeconomic projections.

  • Extensive industry and company due diligence form the foundation of our investment process.

  • We foster independent thinking among our team of analysts and portfolio managers to promote diversity of ideas and perspectives.

  • We promote a culture of humility, collaboration, constant learning, and peer review.

Our Equity Portfolio Attributes include: durable and resilient businesses, concentrated portfolios, long-term ownership perspective, benchmark "agnostic" portfolio construction, and absolute return focus.

Equity Portfolio Attributes

Through our bottom-up approach, we build concentrated portfolios of high-quality businesses that are positioned to generate attractive absolute returns over full economic cycles.

Public Equity Strategies

  • U.S. Large Cap Equity | Brown Brothers Harriman | BBH

  • Mid Cap Equity | Brown Brothers Harriman | BBH

  • Concentrated Small and Midcap Equity | Brown Brothers Harriman | BBH

How to Invest

Our investment strategies can be accessed through separately managed accounts (SMAs), mutual funds, UCITS funds, and private funds. To learn more please contact a member of our institutional relationship management team. 

Visit the BBH Funds website and the BBH Luxembourg Funds website for more information about our public fund offerings.

Niamh Bonus

Principal
New York City, NY | USA

Niamh Bonus is the Head of Client Portfolio Management & Strategy in the Investment Research Group (IRG) within the Capital Partners line of business. In this role, she works closely with…  Learn More

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This communication is for informational purposes only and does not constitute an offer or a solicitation to buy or sell any particular security or to adopt any specific investment strategy. The information herein has not been based on a consideration of any individual investor’s circumstances and is not investment advice, nor should it be construed in any way as tax, accounting, legal or regulatory advice. Any views and opinions are subject to change at any time.

This material does not constitute an offer or solicitation in any jurisdiction where or to any person to whom it would be unauthorized or unlawful to do so.

The Public Equity strategies may assume large positions in a small number of issuers which can increase the potential for greater price fluctuation.

There is no assurance the strategies will achieve their investment objective or that the strategies will work under all market conditions. Each investor should evaluate their ability to invest for the long-term, especially during periods of downturn in the market.

The value of the portfolios can be affected by changes in interest rates, general market conditions and other political, social and economic developments.


NOT FDIC INSURED ● NO BANK GUARANTEE ● MAY LOSE VALUE

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You are required to read the following important information, which, in conjunction with the Terms and Conditions, governs your use of this website. Your use of this website and its contents constitute your acceptance of this information and those Terms and Conditions. If you do not agree with this information and the Terms and Conditions, you should immediately cease use of this website. The contents of this website have not been prepared for the benefit of investors outside of the United States. This website is not intended as a solicitation of the purchase or sale of any security or other financial instrument or any investment management services for any investor who resides in a jurisdiction other than the United States1. As a general matter, Brown Brothers Harriman & Co. and its subsidiaries (“BBH”) is not licensed or registered to solicit prospective investors and offer investment advisory services in jurisdictions outside of the United States. The information on this website is not intended to be distributed to, directed at or used by any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Persons in respect of whom such prohibitions apply must not access the website.  Under certain circumstances, BBH may provide services to investors located outside of the United States in accordance with applicable law. The conditions under which such services may be provided will be analyzed on a case-by-case basis by BBH. BBH will only accept investors from such jurisdictions or countries where it has made a determination that such an arrangement or relationship is permissible under the laws of that jurisdiction or country. The existence of this website is not intended to be a substitute for the type of analysis described above and is not intended as a solicitation of or recommendation to any prospective investor, including those located outside of the United States. Certain BBH products or services may not be available in certain jurisdictions. By choosing to access this website from any location other than the United States, you accept full responsibility for compliance with all local laws. The website contains content that has been obtained from sources that BBH believes to be reliable as of the date presented; however, BBH cannot guarantee the accuracy of such content, assure its completeness, or warrant that such information will not be changed. The content contained herein is current as of the date of issuance and is subject to change without notice. The website’s content does not constitute investment advice and should not be used as the basis for any investment decision. There is no guarantee that any investment objectives, expectations, targets described in this website or the  performance or profitability of any investment will be achieved. You understand that investing in securities and other financial instruments involves risks that may affect the value of the securities and may result in losses, including the potential loss of the principal invested, and you assume and are able to bear all such risks.  In no event shall BBH or any other affiliated party be liable for any direct, incidental, special, consequential, indirect, lost profits, loss of business or data, or punitive damages arising out of your use of this website. By clicking accept, you confirm that you accept  to the above Important Information along with Terms and Conditions.

 
1BBH sponsors UCITS Funds registered in Luxembourg, in certain jurisdictions. For information on those funds, please see bbhluxembourgfunds.com



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