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A Concentrated Fund With Surprising Downside Protection

RiverPark/Wedgewood's highly concentrated portfolio may sometimes be out of step with the market, but overall the fund has provided investors with a good risk/reward proposition.


Dan Culloton: The Fund Medalist of the Week is RiverPark/Wedgewood (RWGFX). It's a fund run by a group of subadvisors in St. Louis, Missouri. It's a concentrated growth fund.

The reason why we like this fund is because they don't try to out-trade anybody or out-asset-allocate anybody. What they try to do is stay within their circle of competence, which is knowing a few stocks very, very well and buying them when they are inefficiently priced and holding them for the long term.

Dan Culloton does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.