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Kennondale Capital Management LLC claims compliance with the Global Investment Performance Standards (GIPS®). To receive a GIPS report, please contact info@kennondale.com. GIPS is a registered trademark of CFA Institute. CFA Institute does not endorse or promote this organization, nor does it warrant the accuracy or quality of the content contained herein.
Investment Team
Andrew Slay, CFA
Andrew Slay, Kennondale’s portfolio manager, has eleven years of investment experience, including managing outside capital in a private fund. He is on the board of the Sheltering Arms Foundation and serves on the foundation’s investment committee. Slay graduated from the University of Virginia with an undergraduate degree in Economics and is a CFA® charterholder.
Matt Nicholson-Lewis, CFA, CPA
Matt Nicholson-Lewis, Kennondale’s analyst, has a background in accounting and finance, graduating with a Master of Accounting from North Carolina State University. He has 9 years of experience in the financial sector, having worked at Ernst & Young in their New York and London offices, and Brink’s in their corporate headquarters in Richmond. Mr. Nicholson-Lewis is a licensed CPA and a CFA® charterholder.
About Kennondale
Kennondale Capital Management (Kennondale) is located in Richmond, Virginia. As of October 31, 2024, the firm has approximately $97 million in assets under management in two long-only equity strategies. Kennondale’s Form ADV can be found HERE.
Investment Process
Kennondale has a focused approach and manages exclusively value equity portfolios. The portfolios exhibit low turnover, high concentration, and high active share.
We apply a unique, repeatable, long-term investment process in selecting and owning businesses. Central to our process is a valuation discipline that seeks to identify companies where we see a compelling and realistic path to success over the next five years and beyond. This comprises our investment thesis, which impacts our valuation. From this, we hold portfolios where our estimates of the intrinsic values of our holdings differ materially from the market capitalizations of those businesses. We rely on our intrinsic value calculations being better, on a dollar-weighted basis, than the market’s perception of the value of those businesses.
Past performance does not guarantee future returns. An investor’s principal, when redeemed, may be worth more or less than the original investment. This website should not be construed as an offer or solicitation of an offer to buy or sell securities.
