Friess Associates, LLC

Investment Discipline

The Friess Associates, LLC ("Friess Associates") strategy follows the firm's guiding motto: "Never invest in the stock market, invest in individual businesses." The firm employs a time-tested growth strategy based on the premise that individual company fundamentals determine stock prices over the long term.

Friess Associates capitalizes on the relationship between earnings performance and stock prices by isolating companies that are experiencing rapid year-over-year earnings growth and that sell at reasonable multiples of earnings estimates. Investment decisions are based on insights gathered by more than 30 investment professionals who perform over 1,000 interviews per week with target company managements, competitors, customers and suppliers. The Friess Associates team uses the insights they gather to determine which companies meet the criteria that is most likely to exceed consensus earnings estimates.In addition to rapid earnings growth and reasonable valuations, Friess Associates typically requires potential holdings to possess at least three years of earnings history and $3 million in after-tax income, thus preventing the firm from owning unproven concept stocks.

The Firm

Founded in 1974, Friess Associates manages the three Brandywine Funds, as well as individual portfolios for a diverse client group consisting of individual investors and large institutions.

Morningstar described the Friess Associates team as "one of the deepest management staffs in the business."The senior management of the firm have a significant amount of their personal stock market investments invested in the Brandywine Funds. In addition, the assets of the Friess Associates employee pension plan are invested in the Brandywine Funds.

Contact Information

3711 Kennett Pike
Suite 100
Greenville, DE 19807-2156
(302) 656-3017
www.brandywinefunds.com