SHAPIRO CAPITAL MANAGEMENT LLC

SCM's investment management services consist of discretionary management of clients' securities accounts and advising clients on a non-discretionary basis regarding the purchase and sale of securities. As of January 31, 2025, the firm managed $2,947,786,867 in discretionary assets and advised $330,740,238 of assets for clients under advisement for model portfolio recommendations for which SCM does not effect the purchase and sale of the securities.

SCM employs a research-intensive, value approach that often requires a contrarian philosophy. They determine value with respect to the economic return available at the operational level of the company. To qualify as an investment candidate, a company must compete in a business that is easily understood and demonstrates good economic characteristics, such as producing a high return on invested assets, generating free cash flow, possessing true franchise characteristics, having significant barriers to competitive entry, providing products with minimal chance of obsolescence, and having management whose financial interest is aligned with shareholders and is accessible. Many of SCM’s investments are in companies experiencing corporate restructuring, spinoffs or other complicated situations where they believe their independent analysis can identify future value opportunities. All of SCM’s strategies invest primarily in equity securities, except for the Balanced strategy, which holds a mix of equities, exchange-traded funds and U.S. Treasuries. Each strategy is subject to the general risks of the underlying securities, including market risk, issuer risk, and interest rate risk. SCM takes a proactive research-based approach to its strategies, as they do not want to overly rely on external research that may omit certain considerations. This investment philosophy was the foundation for SCM and has been in place since the formation of the firm.

(Subscription Required)

(Subscription Required)