Coho Partners, Ltd. is an independent, employee-owned investment firm founded in 1999 with 31 employees as of December 2022. The firm implemented a partial ESOP ownership structure in October 2021, selling 20% of outstanding shares to employees while maintaining Subchapter S Corporation status. Led by President Glenn Dever, the experienced management team includes Partners Brian Gibson and Wayne LeSage, supported by CFO Cindy Lewis. The firm has demonstrated consistent growth from $4.8 billion in assets in 2016 to $9.4 billion by 2022. In January 2024, the firm completed a technology modernization initiative transitioning to Ridgeline's front-to-back cloud investment management platform.

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The best way to create and sustain long-term wealth is to protect principal in down markets and generate competitive returns in all but the most speculative of up markets. The strategy invests in approximately 25 to 30 high-quality U.S. equity securities exhibiting stable and predictable growth from the Coho 250 investment universe. Portfolio construction balances demand-defensive companies (40-70%) with economically sensitive companies (30-60%) using thorough fundamental research and Dividend Discount Models targeting at least 600 basis points of annualized expected excess return. The approach emphasizes downside protection during difficult periods while maintaining meaningful upside participation, with historical metrics showing lower down-market capture (69%) and substantial up-market participation (88%).

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