In its 12th year, the L2 Large Cap Value strategy has put up solid results vs the benchmark. Since inception, the strategy is up 209.6%1 vs. the Russell 1000 Value ETF which has risen 152.4%.2 We believe overwhelming investor preference for large growth stocks has made large value an unusually compelling asset class. Our firm has published extensive evidence that even within value, the price dispersion around quality is at levels last seen in late 1999
While the methodologies we use in our quantamental process are sophisticated in research and design, they can be boiled down to a very simple concept today. The L2 Large Cap Value strategy has systematically assembled a portfolio of stocks that have much higher quality features than the benchmark at equal to lower valuations. Periods like today have typically been the “launch pad” for large abnormal future returns for evidence-based strategies like ours.
L2 Large Cap Value Trade Commentary – May Q1 2025
Table of contents
When
May 21, 2025
Who
Matthew Malgari
Dr. Sanjeev Bhojraj
Nathan Przybylo
ASSET CLASS COMMENTS:
In its 12th year, the L2 Large Cap Value strategy has put up solid results vs the benchmark. Since inception, the strategy is up 209.6%1 vs. the Russell 1000 Value ETF which has risen 152.4%.2 We believe overwhelming investor preference for large growth stocks has made large value an unusually compelling asset class. Our firm has published extensive evidence that even within value, the price dispersion around quality is at levels last seen in late 1999
While the methodologies we use in our quantamental process are sophisticated in research and design, they can be boiled down to a very simple concept today. The L2 Large Cap Value strategy has systematically assembled a portfolio of stocks that have much higher quality features than the benchmark at equal to lower valuations. Periods like today have typically been the “launch pad” for large abnormal future returns for evidence-based strategies like ours.