Large Cap Value Strategy
The Byrne Asset Management Large Cap Value strategy is managed by Head of Institutional Equities Brian Arena, former head of U.S. equities for the State of New Jersey, Division of Investment. The strategy is designed to deliver attractive long-term capital appreciation through disciplined security selection and active portfolio management.
Strategy Overview
Performance focus
The strategy is focused on generating attractive long-term capital appreciation through disciplined security selection and portfolio management, seeking to identify undervalued large cap companies with strong fundamentals.
Portfolio construction
The portfolio provides diversified exposure to high-quality large cap value equities across sectors and industries, with position sizing informed by conviction level, risk assessment, and portfolio balance.
Long-term horizon
The strategy maintains a long-term investment perspective with disciplined rebalancing to capitalize on market opportunities while actively managing risk at the position and portfolio levels.
Byrne Asset Management is an SEC-registered, GIPS-compliant, employee-owned investment advisor headquartered in Kingston, New Jersey, with approximately $1.8 billion in total firm assets under management and assets under advisement.
Past performance is not a guarantee of future results.
Investment Process
The BAM Large Cap Value strategy holds U.S.-listed large cap value stocks and combines rigorous fundamental research with a disciplined approach to identifying well-established companies trading below their intrinsic value. The investment process blends qualitative and quantitative analysis to uncover opportunities where strong business fundamentals, capable management teams, and attractive valuations align to create compelling risk-adjusted return potential.
Qualitative analysis
- Evaluating the strength of the management team and its strategic direction.
- Understanding the sustainability and growth potential of the business model.
- Assessing industry trends and the company’s competitive position.
Quantitative analysis
- Reviewing the company’s financial metrics and balance sheet quality.
- Conducting valuation analyses to assess intrinsic value and margin of safety.
- Evaluating technical and market conditions to inform position sizing and risk management.
Strategy Focus
The Large Cap Value strategy focuses on identifying undervalued companies with strong fundamentals and solid long-term growth potential. The strategy implements a disciplined approach to selecting well-established companies trading below their intrinsic value, seeking opportunities where quality businesses face temporary headwinds or market misperceptions that create attractive entry points for patient, fundamental investors.
For complete performance details, including risk metrics, attribution analysis, benchmark comparisons, and portfolio characteristics, please download our institutional tear sheet or contact our investment team directly.
Large Cap Value Investment Team
The Large Cap Value strategy is managed by a five-person investment team led by Senior Portfolio Manager Brian Arena. The team’s focus is on fundamental research and disciplined portfolio construction, with incentives designed to align closely with long-term client outcomes.
Brian Arena
Senior Portfolio Manager, Large Cap Value
Previously managed the $30 billion U.S. Equity Portfolio at the State of New Jersey, Division of Investment. Brian leads the Large Cap Value investment team with a focus on fundamental research and disciplined valuation.
Tom Byrne
Chief Executive Officer
Founder and chief executive officer of Byrne Asset Management, responsible for overall firm leadership, governance, and client stewardship.
Jason Rapp
Portfolio Manager
Portfolio manager on the Large Cap Value strategy, bringing experience across investment banking, hedge funds, and private equity to fundamental company research.
Mike Chen
Analyst
Analyst focused on quantitative research, portfolio analytics, and risk management, supporting idea generation and ongoing monitoring.
Brendan Byrne
Analyst
Analyst responsible for fundamental company research, competitive analysis, and supporting client and consultant communications for the Large Cap Value strategy.
