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TARPON GT

Tarpon’s Public Equities
investment strategy.

We have relaunched the successful investment strategy that was employed when Tarpon was founded, in 2002, and that carries the DNA of what we have been developing since then: the combination of attractive valuation, business quality and potential inflection points in the selection of investment opportunities, when screening for the best investment opportunities.

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The Tarpon GT fund has
generated an net annualized return
of 37% versus 21% of the Ibovespa¹ index since its relaunch
under Tarpon’s management,
in November 2016.

1. Returns calculated as of 30/11/2019.

OUR INVESTMENT PHILOSOPHY
Tarpon’s approach has shown consistency throughout its 17 years of experience investing across different economic cycles. If on the one hand, we seek stocks with a significant margin of safety and intrinsic value (companies that we consider to be undervalued); on the other hand, we evaluate in detail the fundamental aspects of the business’ quality.



THE PILLARS OF OUR PHILOSOPHY
Intrinsic Value
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High Quality Businesses
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Long-term Perspective
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Concentrated Approach
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Contrarian View
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OUR STRATEGY
When researching for the best investments opportunities, we seek the combination of attractive valuations and business quality.

VALUATION
Intrinsic Value
Market prices reflecting a substantial discount to intrinsic value

Trading Multiples
Attractive multiples, perception of relative value

Market Indicators
Monitor indicators and price action in order to search for the best timing to build and exit our positions

Contrarian View |
Long-Term Perspective

Opportunities that are not evident and that are generally overlooked by the market
BUSINESS QUALITY
Shareholder Return
Companies that consistently create intrinsic value

Predictability
Business with good operating visibility and lower volatility

Growth
Companies with above average historic and expected growth rates

Capital Structure
Adequate capital structure. Avoid excessive leverage

What our main holdings have in common



Companies with
less coverage
("below the radar")




Ideas generated
from internal
research




Market leaders
with dominant
competitive position




Companies Tarpon
has been investing or
analyzing for many years

EXPERIENCED MANAGEMENT TEAM

Zeca
Magalhães
link
Rafael
Maisonnave
link
Caio
Lewkowicz
link
Martim
Andrada
link
Guilherme
Ávila
link

KEY FACTS – BRAZILIAN LOCAL FUND

LIQUIDITY:
D+30

PERFORMANCE FEE
20% of what exceeds
the benchmark, collected annually.


STATUS
Open for subscriptions





MANAGEMENT FEE
2.0% Annually

BENCHMARK
Ibovespa Index





CONTACT

+55 11 3074.5800
contato@tarponinvest.com.br
Av. Brigadeiro Faria Lima, 3355 - 23° andar - Itaim Bibi
São Paulo - SP - CEP 04538-133