Alleghany Corp

Don’t ignore the middle.

Large-cap strategies disappoint on the back of stock market volatility in late 2019.

Six of the top 10 conviction purchases are undervalued.

Large-cap value strategies shine after equity market shock in late 2018.

We see opportunity within the consumer cyclical sector.

Aggressive strategies strike back.

The financial services and technology sectors each contributed three names to the high-conviction purchases list, and industrials contributed four to the new-money purchases list.

Large-cap growth and large-cap value strategies maintain gains above index, market is undervalued.

Stock-pickers find value in times of volatility and continue to purchase and hold high-quality names.

Large cap growth strategies make a comeback in 2017; three new names caught our eye this quarter.

Activity levels have picked up amidst rising valuations and interest rates in the new year.

Passive inflows continue to make for a difficult stock-picking environment.

While healthcare names continue to present opportunities, our lists revealed names from other sectors that may be compelling.

Conservatism remained the name of the game in the most recent period because, to our managers, valuations still look stretched.

While Healthcare names continue to present opportunities, our lists revealed names from other sectors that may be compelling.

While our top managers were once again net sellers during the period, they still made some bullish consumer cyclical bets.

Our early read on the buying and selling activity of our top managers uncovered a few ideas worth considering.

Relatively weak performance from the healthcare sector has created opportunities for long-term investors to consider.

The volatility brought on by concerns over global economic growth in the first quarter presented our top managers with both buying and selling opportunities.

These firms are both trading at a significant discount to their fair value estimates and offer a solid dividend yield.