De Lisle Partners LLP

Investment Strategy

De Lisle Partners LLP focuses on investing in US small and mid-cap companies, favoring value and 'cheap growth' stocks. The firm employs a blend of top-down macro analysis and bottom-up stock selection, adhering to a valuation discipline that balances value (emphasizing price-to-sales and price-to-earnings ratios) with growth factors (such as price momentum and profitability). The investment philosophy is informed by academic research indicating small size and value factors provide superior long-term returns. ESG considerations, sustainability, and fundamental strength are included in the selection process, with a strong emphasis on liquidity and governance in US equity markets. The strategy is active and aims for long-term capital appreciation while maintaining robust risk and liquidity management.