Dakota started working with Edgewood Management in 2006 when their mutual fund launched with approximately $25 million in assets and the firm AUM was approximately $3 billion (as of 12.31.2006).
Edgewood has been a fantastic firm to work with — together we've helped scale their mutual fund to over $6B and firm AUM to over $15B (as of 3.31.2026).
Visit Edgewood's website for more information, or visit Edgewood on Dakota Pages to view current and historical documents.
Edgewood Management is a concentrated U.S. large cap growth manager based in Greenwich, Connecticut, with a second office in New York City. Founded in 1974 as a family office, Edgewood remains 100% employee-owned, managing $15.4 billion in assets, with the strategy available via SMA and a mutual fund.
The firm is singularly focused on the 22-stock large cap growth portfolio. The investment team consists of six Portfolio Managers, four Senior Analysts, and two-to-three Junior Analysts. Four of the six Portfolio Managers have managed the strategy together for over 20 years, with one addition in 2006 and one in 2025.
All decisions are made as a team with a clear focus on managing risk at every level of the process. Philosophically, the team seeks to own the 22 best businesses based on their deep fundamental research, buy them at the right price, then allow the companies to compound earnings to drive long-term performance.
*As of March 31, 2026
The Edgewood Large Cap Growth strategy is a fixed 22-stock portfolio, which means that for a new stock to be added, one must be sold. This discipline challenges the team's conviction level in every single name and forces difficult decisions when it comes time to decide what to sell. Edgewood focuses exclusively on businesses it deems high-quality, with strong financials, high margins, and barriers to entry, managed by world-class management teams.
The strategy is balanced across three distinct buckets of growth. The team limits sector exposure to 25% and caps individual position sizes at 8%. The portfolio is conviction-weighted between 2-8%, with the largest weightings representing those stocks that offer the highest margin of safety based on the team's discount-to-present-value assessment.
The end result is typically a high active-share, low-turnover, quality growth strategy that tends to do best in low-to-moderate GDP growth environments — typically associated with the middle to later stages of an economic cycle when there's a greater appreciation for a company's fundamentals like clean balance sheets, durable growth rates, and cash flow. The strategy is often used as an alpha-seeking satellite to a core index or passive ETF.
The investment team is experienced (each PM has over 30 years of experience), highly collaborative, and aligned with investors. They are accessible, transparent, and humble — driven to perform within a culture that Alan Breed and the Partners have created and refined over decades.
Deep, fundamental research of a limited number of stocks allows the team to know their companies inside and out. Edgewood is only willing to accept the business risk that they can analyze.
Managing risk is the key to Edgewood's long-term success. From the unanimous vote to buy a new stock, the reassignment process if a stock underperforms, equal weighting across growth buckets, individual stock and sector constraints — it all connects to control risk and limit emotion in the process.
Reach out to Dan DiDomenico to learn more about Edgewood and to set up a conversation with a member of the Edgewood team.
Dakota partners with a select group of boutique investment managers across long-only equity, private alternatives, and private placement.
