Mid Cap

Equity

The Glenmede Mid Cap Equity portfolio managers believe a diversified portfolio of stocks that are inexpensive and exhibit company-specific positive trends may outperform the market over a market cycle.

The Mid Cap Equity strategy’s investment philosophy is long term and risk aware, stemming from these basic concepts:

Blend of quantitative modeling and fundamental analysis
Quantitative screening integrated with fundamental sector and stock analysis

Unbiased point/counterpoint analysis
Based on research from multiple external sources

Seeking to identify investible themes through top-down macro, sector and industry analysis
Focusing on trends and valuations

Seeking company-specific catalysts; emphasizing high quality and valuation
Signaling improvement in a company’s fundamentals and positive changes in market sentiment

Continuity of senior Small/Mid Cap Equity team
Inception date of December 31, 2000

Summary Investment Guidelines

  • Universe: S&P MidCap 400 Index and Russell MidCap stocks with a minimum of 3 sell-side earnings estimates
  • Benchmark: S&P MidCap 400 Index
  • 45-65 holdings
  • Initial target weightings generally 1%–3%, based on relative attractiveness
  • All economic sectors represented
  • Sector weights: +/– 50% of benchmark (except sectors <7% of Index, which can range from nominal to 10%)
  • Maximum position size: 5% for any security
  • Maximum cash position: 3%

Portfolio Managers

  • Christopher J. Colarik

    Portfolio Manager, Small/Mid Cap Equity
  • Jordan L. Irving

    Portfolio Manager, Small/Mid Cap Equity
 
As of 3/31/2019 QTD YTD 1 YEAR 3 YEAR 5 YEAR 10 YEAR Since Inception Inception Date
Glenmede Mid Cap Equity (Gross) 14.5% 14.5% -0.7% 7.1% 5.3% 15.6% 8.8% 12/31/2000
Glenmede Mid Cap Equity (Net) 14.2% 14.2% -1.7% 6.0% 4.3% 14.5% 7.8%  
S&P Mid Cap 400 14.5% 14.5% 2.6% 11.2% 8.3% 16.3% 8.9%  

Calendar Year Returns

  Glenmede Gross Glenmede Net S&P Mid Cap 400 Gross +/-
2018 -15.0% -15.9% -11.1% -3.9%
2017 13.5% 12.4% 16.2% -2.7%
2016 10.4% 9.3% 20.7% -10.3%
2015 -3.4% -4.3% -2.2% -1.2%
2014 15.3% 14.1% 9.8% 5.5%
2013 42.0% 40.6% 33.5% 8.5%
2012 22.7% 21.5% 17.9% 4.8%
2011 -5.8% -6.7% -1.7% -4.0%
2010 25.5% 24.3% 26.6% -1.1%
2009 37.6% 36.2% 37.4% 0.2%
2008 -38.8% -39.5% -36.2% -2.6%
2007 9.3% 8.3% 8.0% 1.3%
2006 15.0% 14.0% 10.3% 4.7%
2005 6.4% 5.4% 12.6% -6.2%
2004 24.4% 23.3% 16.5% 7.9%
2003 33.0% 31.9% 35.6% -2.6%