Pinyon Pine Capital (PPC) is a registered investment advisory firm and a separately managed accounts business. We are all capitalization value investors and employ a concentrated investment approach. The firm has three investment strategies: long-only, highly concentrated long-only (HCLO), and hedged. Our long-only and hedged strategies seek to be highly tax efficient.
PPC is a fundamental research organization whose method to selecting stocks on the long side involves looking for companies that have:
PPC’s research approach is a funneling process that utilizes proprietary screens to isolate companies with specific characteristics that work for the portfolio. Financial statement analysis further refines the universe of companies. Finally, a more exhaustive process is undertaken that involves reading 10K’s and 10Q’s, speaking to and/or meeting with management and, in certain cases, doing independent channel-based research on the company and their products.