We believe some of the strongest return potential exists in companies that can successfully transition from being “under the radar” or “under followed” to getting an allocation by large institutional managers. This strategy traditionally has an average market cap in the $1-3 billion range, and we will own companies at various stages of their business plan. We concentrate on ~15 companies so that we can spend the time to understand all aspects of their growth strategy, management team and milestones. While our focus is in Canada, we also hold US positions with similar characteristics. Several companies we have owned have graduated from the all cap strategy to the larger cap Canadian Equity Strategy such as FirstService (FSV-TO), CCL Industries (CCL/B-TO) and Premium Brands (PBH-TO). This strategy is offered by our pooled fund as well as in our segregated account.