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| # | Fund | Strategy | Style | Geography | AUM | Latest Letter |
|---|---|---|---|---|---|---|
Greenfield Investment Management's letter reflects on over four years since its inception in September 2021. The firm's Equity Composite has registered an annualized return of 13.7% net of all fees, with a stellar 2025 calendar return of 24.5%. Major performance contributors include Heidelberg Materials, McKesson, and Power Corporation of Canada. Key detractors were Intel (fully liquidated in early 2023), Builders FirstSource, and Brenntag. High-conviction holdings also include Ryanair, Jardine Matheson, and Alphabet. While acknowledging that overall markets are richly valued and ripe for a pullback, the manager plans to remain close to fully invested, focusing on long-term value creation and business fundamentals.
Fundamental buy-and-hold investing focused on identifying high-quality businesses with strong balance sheets, structural competitive advantages, and reasonable valuations. The firm disregards short-term volatility, aiming to compound client wealth over long-term multi-year horizons.
The manager believes broad stock markets have overshot, meaning a near-to-medium-term pullback or correction is statistically likely given rich valuations. However, they continue to observe selective pockets of opportunity trading at reasonable valuations—specifically within their core equity holdings—and intend to stay almost fully invested.
As of Jan 5, 2026
Green Alpha Advisors is led by co-founders Garvin Jabusch (CIO) and Jeremy Deems (CFO/CCO), along with President Erika Karp, a recognized sustainable finance pioneer. Founded in July 2007, the firm has established itself as a specialist in ESG and sustainable investing with a focus on the 'Next Economy.' The team applies rigorous top-down and bottom-up investment processes, maintaining entirely fossil fuel-free portfolios that invest primarily in exchange-listed equity securities. The firm serves as sub-advisor to mutual funds including the Shelton Green Alpha Fund (NEXTX) and manages separate accounts for family offices, wealth advisors, and institutional clients.
Lead Portfolio Manager
High Conviction Bullish
Market Conviction
High-conviction positioning: Greenfield delivered a strong 24.5% return in 2025, taking annualized returns since inception to 13.7%. Despite expecting a broader market correction, the manager plans to remain f...
Growth Outlook
Market outlook remains moderate conviction: Greenfield delivered a strong 24.5% return in 2025, taking annualized returns since inception to 13.7%. Despite expecting a broader market correction, the manager plans to remain f...
Risk Appetite
Risk appetite posture is above average conviction: Greenfield delivered a strong 24.5% return in 2025, taking annualized returns since inception to 13.7%. Despite expecting a broader market correction, the manager plans to remain f...
Capital Deployment
Manager actively deployed capital into high-conviction opportunities. Greenfield delivered a strong 24.5% return in 2025, taking annualized returns since inception to 13.7%. Despite expecting a broader market correction, the manager plans to remain f...
Forward Guidance
Forward guidance signal: Greenfield delivered a strong 24.5% return in 2025, taking annualized returns since inception to 13.7%. Despite expecting a broader market correction, the manager plans to remain f...
Language Signal
Tone analysis indicates above average conviction language: Greenfield delivered a strong 24.5% return in 2025, taking annualized returns since inception to 13.7%. Despite expecting a broader market correction, the manager plans to remain f...
Perceived Risk
Perceived risk level is evaluated as above average conviction. Greenfield delivered a strong 24.5% return in 2025, taking annualized returns since inception to 13.7%. Despite expecting a broader market correction, the manager plans to remain f...
Opportunity Density
Opportunity density index indicates above average conviction actionable entry points. Greenfield delivered a strong 24.5% return in 2025, taking annualized returns since inception to 13.7%. Despite expecting a broader market correction, the manager plans to remain f...
Time Horizon
Investment time horizon reflects a high conviction orientation. Greenfield delivered a strong 24.5% return in 2025, taking annualized returns since inception to 13.7%. Despite expecting a broader market correction, the manager plans to remain f...
Top Conviction Themes
Key Catalysts
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