We are long-term business owners.
We believe the most reliable way to invest is to carefully evaluate the long-term prospects of the businesses behind stocks.
Our objective is to avoid the permanent loss of capital while maximizing the increase in long-term, after-tax purchasing power of our funds. Put another way, we aim to build an indestructible long-term compounding machine.
Our strategy is developed and implemented using the following principles as guidelines:
Think independently.
Invest with a margin of safety.
Make fewer, better, decisions.
Act like long-term business owners.
Fish where the fish are.
Profit from patience.
To learn more about Eagle Point Capital, visit our website: eaglepointcap.com
Eagle Point Capital is a registered investment advisor.
We offer separately-managed accounts at Interactive Brokers. We manage a single, concentrated, long-only value strategy that invests in U.S. and foreign markets.
We have low account minimums and can accept virtually any account type, including IRAs and 401(k) rollovers. We accept non-U.S. clients who can open an account with Interactive Brokers.
We offer two fee structures.
A fixed management fee paid quarterly in arrears.
An incentive-fee only structure inspired by the original Buffett Partnership. This fee structure has no fixed management fee. Our incentive fee structure is only available to Qualified Clients, as defined by the S.E.C.
All of EPC’s investment advisory clients receive complementary access to our Premium Substack.
If you would like to learn more about EPC’s investment advisory services, please email us at info@eaglepointcap.com.
Premium Substack
A paid subscription to EPC’s Substack provides access to all of EPC’s latest research and complete archive.
Each month, EPC publishes at least one deep dive on a company and its stock. Our analysis focuses on the company’s history, competitive advantages, prospective returns, and valuation. We write about stocks whose valuations we consider timely and attractive.
We have removed the paywall from three posts that provide examples of our research:
We also write about special situations, including odd-lot exchange offers, when we find them. These situations can sometimes return multiples of our annual subscription cost. We’re removed the paywall on two examples:
Premium subscribers will also receive EPC’s letters to clients 45-days after clients. EPC writes its clients twice per year (March and October) to explain what they own and why they own it. The letter includes portfolio allocations. EPC is not required to publish a 13-F, so these letters are the only way for non-clients to see what we buy and sell.
This is not a stock recommendation newsletter. It is research which readers can use, in part, to make their own investment decisions.
Readers who would like investment advice from EPC should consider becoming advisory clients, as explained above. Please email info@eaglepointcap.com for more information about our advisory services.
Free Substack
EPC regularly posts free content to its Substack that all subscribers can see. These include:
A monthly Reading Roundup with notes about the books we’re reading.
A periodic (monthly/quarterly) Transcript Notes which includes notable quotes from company conference calls and our notes on them.
Periodic commentary on markets, industries, and investing principles that are not stock specific.
All of EPC’s articles, including the free ones, go behind a paywall four weeks after publication.
