A disciplined, research-driven value strategy managed by a student investment team. Our structure is designed to challenge consensus thinking and surface overlooked opportunities through independent fundamental analysis.
The structure is the differentiation. Here is why it works.
Students iterate on theses, models, and decisions in the same week — a pace rarely available in professional seats. High repetition builds pattern recognition faster than any other environment.
10% of management fees go directly to scholarship. This is not a footnote — it is how the structure aligns incentives and funds the next cohort. Every investor in the Fund is investing in the next generation of analysts.
Maximize return by buying improving companies at reasonable valuations.
Prefer underappreciated quality where the market may not fully reflect the improvement path — the mispricing is in the trajectory, not the absolute quality tier.
Favor conservative balance sheets and resilient cash-generation profiles that preserve optionality through the cycle.
Manage risk actively through position sizing, portfolio construction discipline, and ongoing thesis validation.
A systematic approach designed to identify opportunities, conduct thorough analysis, and maintain portfolio discipline.
Quantitative and qualitative filters identify potential candidates. Initial screens focus on valuation metrics, business quality indicators, and structural characteristics aligned with our philosophy.
Fundamental diligence includes financial modeling, competitive analysis, management assessment, and scenario planning. Analysts develop investment theses with clear catalysts and risk factors.
Investment committee reviews research and makes allocation decisions. Ongoing monitoring includes thesis validation, position management, and disciplined sell criteria to maintain portfolio quality.
Structured decision-making and ongoing oversight designed to maintain portfolio discipline and risk awareness.
Investment decisions are made by committee to encourage debate and reduce individual bias. Multiple perspectives are required before capital allocation.
All investment theses are documented with clear rationale, assumptions, catalysts, and risk factors to support accountability and learning.
Regular portfolio reviews assess thesis validation, position performance, and evolving risks. Updates trigger reassessment when key assumptions change.
Risk management includes diversification guidelines, position size limits, and liquidity considerations to balance conviction with prudent portfolio construction.
Explore additional information about the Wisconsin Value Fund.
Detailed exploration of our approach to value investing and research.
Meet the student analysts behind the fund.
