Thompson Siegel & Walmsley LLC
Thompson, Siegel & Walmsley LLC (TSW) is an independent, Richmond, Virginia-based asset management firm founded in 1969. It specializes in disciplined, value-oriented investing across U.S. and international equities, income strategies, balanced portfolios, and alternatives. With a seasoned team averaging over 20 years of investment experience, TSW is dedicated to tailored client service and a client-first culture, serving institutions, family offices, foundations, endowments, and individual investors. The firm emphasizes transparency, compliance, and alignment with client interests, with many associates investing personal assets alongside clients. Employing over 38 professionals, TSW has grown to be recognized for its differentiated thinking and long-term performance focus.
Investment Strategy
TSW's investment strategy is grounded in value investing and capital preservation, focusing on mispriced securities that offer a margin of safety. The process blends quantitative screening with fundamental research to identify attractive opportunities overlooked by others. Portfolios are diversified across US and non-US equities, income and balanced strategies, and alternatives, with a disciplined buy and rigorous sell process. TSW frequently invests alongside clients and aims for long-term wealth building with independent thinking, integrity, and accountability. Their approach relies on identifying businesses at a discount to intrinsic value, building portfolios of differentiated ideas, and aligning incentives with client outcomes for superior long-term performance.
Top Holdings
Equity Positions (385)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
A AER | AERCAP HOLDINGS NV | 2.61% | $157.2M | 1,343,424 | $42.38 | $117.00 | +$7.4M |
D D | DOMINION ENERGY INC | 1.84% | $110.9M | 1,962,557 | $51.41 | $56.52 | -$494.0K |
C CHKP | CHECK POINT SOFTWARE TECH | 1.77% | $106.3M | 480,460 | $111.90 | $221.25 | -$9.9M |
H HII | HUNTINGTON INGALLS INDS I | 1.75% | $105.2M | 435,607 | $193.96 | $241.46 | +$5.6M |
K KHC | KRAFT HEINZ CO | 1.57% | $94.5M | 3,658,773 | $31.56 | $25.82 | -$4.3M |
Options Positions (8)
| Ticker | Security | Action | Type | Notional Value | Contracts | Underlying Price | Premium Paid | Change (Contracts) | Change (Value) |
|---|---|---|---|---|---|---|---|---|---|
S SPY | S&P 500 DEPOSITORY RECEIPT | Bought | Put | $58.7M | 950 | $617.85 | $607.46 | +750 | +$47.5M |
S SPY | S&P 500 DEPOSITORY RECEIPT | Sold | Call | $9.3M | 150 | $617.85 | $586.08 | -50 | -$7.5M |
I IWM | ISHARES RUSSELL 2000 | Bought | Put | $8.6M | 400 | $215.79 | $214.57 | +370.08 | -$6.4M |
I IQV | IQVIA HLDGS INC | New | Put | $3.2M | 200 | $157.59 | $157.59 | +200 | +$3.2M |
A AXON | AXON ENTERPRISE INC | New | Put | $1.7M | 20 | $827.94 | $827.94 | +20 | +$1.7M |