Core Equity
LKCM’s Equity investment strategy is based upon a "core" investment philosophy reflecting the belief that competitively advantaged companies, which typically generate high and/or improving returns on shareholders’ equity, have strong balance sheets, and generate free cash flow, can provide superior rates of return to shareholders over longer periods of time. Taking a long-term investor’s approach, the overall objective of LKCM’s Equity investment strategy is to generate superior returns relative to the firm’s benchmark while incurring a lower level of risk or volatility. Providing a significant competitive advantage, LKCM’s experienced internal research staff performs rigorous, primary research that seeks to identify small, mid and large cap companies that have a true competitive advantage in their industry. This proprietary fundamental research process provides the basis for stock selection and culminates in a portfolio of approximately forty-five stocks diversified among a number of industry groups.