https://acr-invest.com/commentary/seeing-through-the-ai-haze/
2Q 2026 Commentary
ACR All Cap Partners
ACR All Cap Partners
The ACR All Cap Partners strategy invests in high-quality U.S. and Canadian businesses supported by long-tenured management teams and aligned strategic shareholders. The strategy applies ACR’s established, bottom-up fundamental research framework within a concentrated portfolio of 15–25 holdings. Over a full market cycle, the strategy seeks to compound investors’ capital at rates above the firm’s cost of capital, supported by a long-term, low-turnover approach and the flexibility to hold cash when attractive opportunities are limited.
Features
15-25 stock target
Top 5 positions typically represent 30-40% of the portfolio
Invests exclusively in U.S. and Canadian equities across market caps
Industry exposure capped at 25% of holdings at purchase
Bottom-up fundamental value
Long-term, low-turnover approach to allow value compounding tax efficiency
Flexibility to hold cash and equivalents when opportunities are limited
High active share
Market benchmark: S&P 500