STRATEGY

A core equity strategy for long-term investors seeking growth.

Our strategy

Our investment strategy seeks to outperform the S&P 500 Total Return Index by focusing on long-term capital appreciation through fundamental investing. We target companies trading below their fair value with catalysts for future growth, prioritizing innovative businesses with a clear value proposition and strong growth potential.

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Growth-Oriented, U.S. Equities

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Long Only, No Leverage

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High Conviction, “Best Ideas”

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Horizon of 3+ Years

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ETF Structure

Annualized Performance
24.47%​
Nightview’s Equity Growth Strategy - Net
14.12%
S&P 500 Total Return Index

As of May 31, 2024 | Since inception of July 1, 2012. Past performance is not indicative of future results. See below for additional disclosures.

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Past performance is not a guarantee or indicator of future results. The performance information shown for Long Only Equity Growth Fund is calculated net of fees and expenses. The performance figures are for investments made at the inception of the Fund and include the reinvestment of dividends, interest, and other earnings. An individual investor’s actual returns may differ from the results shown above for reasons such as the timing of subscriptions and redemptions. Past performance is not an indication of future performance and there can be no assurance that either Fund will meet its investment objectives or achieve results in line with those presented in these materials. The performance results are unaudited and subject to change. These materials are for informational use only and should not be considered investment advice or an offer to sell any product. The information discussed and shown here is not a recommendation to buy or sell a particular security or to invest in any particular sector. Forward-looking statements are not guaranteed. You should not assume that any of the securities transactions, sectors or holdings discussed in these reports are or will be profitable, or that recommendations Nightview make in the future will be profitable or equal the performance of the securities discussed. There is no assurance that any securities, sectors or industries discussed herein will be included or excluded from a client’s portfolio. Nightview reserves the right to modify its current investment strategies and techniques based on changing market dynamics or client needs. The discussions, outlooks and viewpoints featured are not intended to be investment advice and do not take into account specific client investment objectives. The S&P 500 TR is provided for illustrative purposes only, is unmanaged, reflects reinvestment of income and dividends and does not reflect the impact of advisory fees.  Investors cannot invest directly in an index.  Comparisons to indexes have limitations because indexes have volatility and other material characteristics that may differ from a particular hedge fund.  For example, a fund may typically hold substantially fewer securities than are contained in an index.  Indices also may contain securities or types of securities that are not comparable to those traded by a hedge fund.  Therefore, a hedge fund’s performance may differ substantially from the performance of an index.  Because of these differences, indices should not be relied upon as an accurate measure of comparison.  In addition, data used in the benchmarks are obtained from sources considered to be reliable, but Nightview makes no representations or guarantees with regard to the accuracy of such data.

Your questions, answered by our team

Arne Alsin

Chief Investment Officer & Founder
How would you describe Nightview Capital’s investment philosophy?
Our investment philosophy is built on a simple idea: we stay focused on our best ideas through the inevitable fluctuations of the market. Over the long-term, we believe this approach is the best path to compound returns and mitigate risk for our investors.
Describe your investment approach.
We’re always thinking about how the world is evolving, and which companies are the driving force behind that change. That’s where we believe we can find some of our best ideas: growing companies benefiting from secular trends. The key is to find the very best opportunities that can be held for many years—and let compounding do the work for us.
Who would be well-suited to invest in Nightview’s strategy?
We believe our strategy is well-suited for any long-term investor who believes in the power of concentration—and who is looking for an actively managed equity growth strategy. This can be an individual investor managing their own capital—or a professional allocator. If you’d like to speak with a member of our team to learn more, please get in touch.
Why did Nightview Capital convert its private fund strategy into an ETF structure in 2024?
Our investment philosophy is built on a simple idea: we stay focused on our best ideas through the inevitable fluctuations of the market. Over the long-term, we believe this approach is the best path to compound returns and mitigate risk for our investors.  

Eric Markowitz

Director of Research
Why is independent research so important to Nightview’s investment approach?

At a high level, we believe the clearest path to compounding is by taking a proactive and highly selective approach to stock selection. In a world that’s increasingly filled with noise, we’re focused on finding the signal. That means doing deep, intensive research to find what we believe are the best opportunities across the market.

Describe the philosophy behind your research process.
Our philosophy emphasizes continuous learning about new technologies, business models, and innovations across various sectors. We believe that by keeping an open mind and always improving, we have the best chance to succeed over the long-term.
What does the ideal investment look like for Nightview Capital?
In our experience, the best investments are typically in ambitious, growing businesses going after large markets. We’re especially drawn to stocks and situations where our fundamentally driven views diverge meaningfully from consensus. That’s where we can go deep on the research, gain conviction, build a financial model that supports our thesis, and take a position.
What do you see as Nightview’s advantage?
There’s two main areas. One, it’s our unique research process. We like to believe that where others go wide, we go deep. And two, it’s our freedom to pursue opportunities across the “value to growth” spectrum. Many legacy asset managers are constrained in one form another. Unlike them, we’re free to pursue our best ideas and do whatever we believe is right for our investors.

Dan Crowley, CFA

Portfolio Manager
How do you size positions?

When we see upside ahead, we’re not afraid to size up a position. Our view is that concentration is essential to outperform the indices over a multi-year period.

What is your sell discipline?
We generally sell under 3 scenarios. First, when the company is approaching, meeting, or exceeding our valuation target. Second, when we believe we’ve made a mistake in our evaluation and analysis. Third, when we view better uses for our capital.
Describe your portfolio structure.

We typically include 15 to 25 securities in our portfolios. Because of our long-term approach to investing, we expect low turnover.

If you’d like to understand how Nightview Capital’s strategy could fit into your portfolio, contact us.

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