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| # | Fund | Strategy | Style | Geography | AUM | Latest Letter |
|---|---|---|---|---|---|---|
Templeton & Phillips capitalized on Q1 2026 market volatility driven by the U.S.-Israeli conflict with Iran and subsequent Strait of Hormuz closure affecting 20% of global oil supply. The managers view geopolitical disruptions as creating investment opportunities unavailable under calmer circumstances. They added to existing positions and initiated new holdings including Canadian National Railway, positioned to benefit from LNG supply shifts as Iran's attack on Qatar's facility destroyed 14% of Middle Eastern LNG capacity. The firm also purchased e.l.f. Beauty following a 34% selloff, attracted by its 6.2% free cash flow yield and positioning for trade-down consumer behavior in a K-shaped economy. Small-cap stocks present particular value with Russell 2000 and S&P 600 trading at 6.6x and 4.2x cash flow versus S&P 500 at 16.5x, representing one of the widest valuation gaps in 26 years. The managers maintain their disciplined approach of purchasing quality long-term fundamentals during periods of fear and volatility.
Market dislocations from geopolitical events create bargains for disciplined long-term investors focused on quality fundamentals at discounted valuations, particularly in overlooked small-cap stocks and companies positioned to benefit from structural supply chain shifts.
The managers expect continued market volatility driven by geopolitical factors but view this as creating opportunities for long-term investors. They anticipate persistent consumer cost pressures will favor budget-conscious spending habits and trade-down behavior. The LNG supply disruption is expected to provide multi-year tailwinds for North American producers, particularly those with strategic infrastructure positioning.
As of Apr 21, 2026
Lauren Templeton founded Templeton & Phillips Capital Management in 2001 with $30 million of seed capital from her great-uncle, legendary investor Sir John Templeton. As founder and president, she brings extensive investment management experience and serves on corporate boards including Canadian Solar Inc. (since 2021) and Fairfax India (since 2018). She is co-author of 'Investing the Templeton Way' (2007, McGraw Hill), translated into nine languages, and maintains an active media presence through 'The Maximum Pessimism Report' and speaking engagements with fees ranging $10,001-$20,000. Scott Phillips joined as Principal and Chief Investment Officer in 2014, bringing additional portfolio management expertise. Together, they manage a three-person team with two dedicated investment professionals. The leadership team has successfully grown the firm from its Atlanta origins to its current Lookout Mountain, Tennessee headquarters, building assets under management to $278.1 million as of May 2025. Lauren Templeton is also a member of the John M. Templeton Foundation and regularly speaks at major investment conferences including Value Investor Conferences in Omaha, Nebraska. The team maintains full SEC compliance with no disciplinary history.
Templeton & Phillips Capital Management follows the contrarian value investing principles established by Sir John Templeton, focusing on maximum pessimism opportunities. The firm believes 'the best buying opportunities occur at times of maximum pessimism and selling at maximum optimism.' They apply the principle that 'if you want to have better performance than the crowd, then you must do things differently from the crowd.' The investment approach emphasizes identifying pricing anomalies caused by errors in human judgment, influenced by market pessimism and behavioral biases. The firm maintains flexibility and open-mindedness, never permanently adopting any single asset type or selection method. Their passion for investing reflects Sir John Templeton's example of curiosity, contrarian thinking, and full alignment with client interests. The firm takes a global perspective on value investing with a long-term approach focused on generating returns that exceed MSCI benchmarks. Their investment discipline requires that new positions represent 50% more return potential than existing holdings. The approach combines traditional value investing principles with modern portfolio management techniques while maintaining the contrarian mindset that markets are most attractive during periods of maximum pessimism.
Lead Portfolio Manager
Moderate Conviction Bullish
Market Conviction
High-conviction positioning: Templeton & Phillips exploited Q1 geopolitical volatility to purchase quality companies at discounted valuations. Key additions include Canadian National Railway benefiting from LN...
Growth Outlook
Market outlook remains low conviction: Templeton & Phillips exploited Q1 geopolitical volatility to purchase quality companies at discounted valuations. Key additions include Canadian National Railway benefiting from LN...
Risk Appetite
Risk appetite posture is above average conviction: Templeton & Phillips exploited Q1 geopolitical volatility to purchase quality companies at discounted valuations. Key additions include Canadian National Railway benefiting from LN...
Capital Deployment
Manager actively deployed capital into high-conviction opportunities. Templeton & Phillips exploited Q1 geopolitical volatility to purchase quality companies at discounted valuations. Key additions include Canadian National Railway benefiting from LN...
Forward Guidance
Forward guidance signal: Templeton & Phillips exploited Q1 geopolitical volatility to purchase quality companies at discounted valuations. Key additions include Canadian National Railway benefiting from LN...
Language Signal
Tone analysis indicates low conviction language: Templeton & Phillips exploited Q1 geopolitical volatility to purchase quality companies at discounted valuations. Key additions include Canadian National Railway benefiting from LN...
Perceived Risk
Perceived risk level is evaluated as moderate conviction. Templeton & Phillips exploited Q1 geopolitical volatility to purchase quality companies at discounted valuations. Key additions include Canadian National Railway benefiting from LN...
Opportunity Density
Opportunity density index indicates moderate conviction actionable entry points. Templeton & Phillips exploited Q1 geopolitical volatility to purchase quality companies at discounted valuations. Key additions include Canadian National Railway benefiting from LN...
Time Horizon
Investment time horizon reflects a moderate conviction orientation. Templeton & Phillips exploited Q1 geopolitical volatility to purchase quality companies at discounted valuations. Key additions include Canadian National Railway benefiting from LN...
Top Conviction Themes
Key Catalysts
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