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Sam Rahman & John McNamara - Hedgeye Asset Managment
Manage episode 498082859 series 3467672
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Sam Rahman and John McNamara joined Brad to discuss the launch and philosophy behind the HGRO ETF. Hedgeye, originally built on delivering institutional-quality macroeconomic research to a broader audience, has now extended into the asset management space with active ETF offerings.
Sam, who previously managed public equity investments for the Fidelity family office, explained how HGRO fills a gap in the ETF landscape: it offers a concentrated, actively managed large-cap growth portfolio that emphasizes risk-adjusted returns. He emphasized that most large-cap growth ETFs are either over-diversified and benchmark-hugging or overly concentrated and thematic, leaving little in between. HGRO aims to provide thoughtful portfolio construction and institutional-quality research to everyday investors.
The strategy focuses on three core themes: deep moat compounders, innovators and disruptors, and special situations. Sam described the selection process as conviction-driven but bounded by disciplined portfolio risk constraints, with max 3% active weights on both stock and sector levels. Sell decisions are typically driven by fundamental deterioration or technical breakdowns.
John shared that HGRO is intended to be a core large-cap equity position in diversified portfolios and is gaining early traction among large RIAs. He also confirmed that Hedgeye has more ETF launches in the pipeline and plans to build on its highly engaged research community and media platform to drive continued growth.
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