American Capital Management is dedicated to helping our clients achieve their goals through investing in a disciplined growth strategy.
Learn MoreAmerican Capital Management, Inc. (ACM) is a boutique investment management firm, founded in 1980, with over $3.0 billion in assets under management as of March 31, 2023. We believe our firm and investment approach are unique relative to most investment management organizations. We invest for growth, focusing on active management of innovative quality small and medium-sized companies — the most rapidly growing sector of the economy. The firm is a registered investment advisor with the SEC.
Subject Matter Experts in growth investing.
We invest in businesses with an understanding that market fluctuations are a normal part of asset management.
Management can influence revenues whereas market cap is a product of market opinion. This aligns with ACM’s long-term perspective.
Dedicating time and attention where it is most valuable.
An investment process that yields results.
Carefully researched, strong businesses are their own best tools to manage risk within a portfolio.
We consider ourselves owners of businesses and make decisions with a long-term investment horizon.
Focusing on innovative small and medium-sized growth companies enables us to hold our positions for an extended period of time. This has resulted in higher returns, lower turnover, and greater tax efficiency for taxable investors.
The strategy emphasizes revenue instead of market capitalization to evaluate size.
All members of the investment team are generalists, as we believe this produces the best framework for informed opinions and productive dialogue.
Investor enthusiasm improved in the first quarter with the S&P 500 (SPX) return above 10%. This has happened only 12 times since 1957. The other 11 instances generated a median return of 8.2% over the subsequent nine months, with only one negative return. History suggests the current momentum will continue. Interestingly, this marks just the third time since 1957 that the index produced a fourth quarter double-digit return followed by another 10% plus return in the subsequent quarter. On a fundamental basis, the improving economy and favorable earnings outlook are supporting equities. However, the Iran/Israel military conflict, sticky inflation, and rising long-term yields are causing near-term market turbulence. Patience is necessary considering the strong upward thrust in stock prices over the last six months. A summary of year-to-date index returns for the period ending March 31, 2024 is as follows:
Dow Jones Industrials | 6.1% | Russell 2500 | 6.9% |
MSCI EAFE | 5.9% | S&P 500 | 10.6% |
NASDAQ Composite | 9.3% | Wilshire 5000 | 10.0% |
American Capital Management, Inc.
575 Lexington Avenue
30th Floor
New York, NY 10022
TEL: 212-344-3300
FAX: 212-658-9693
info@amcapmgt.com