Growth Equity Strategy


MCM’s Growth Equity investment process focuses on identifying high quality companies with earnings growth potential. Through our proprietary quantitative screening, fundamental research and traditional valuation techniques, we seek total returns primarily through capital appreciation and secondarily through dividend payments.


The strategy seeks long-term capital appreciation by owning equity securities and ETF’s of domestic companies. Our style is designed to meet a variety of investment objectives as we seek to provide consistent growth of principal.


The Growth Equity Strategy is our own unique blend of incorporating top-down macroeconomic analysis with bottom-up stock selection. Under the top-down viewpoint, we evaluate the current economic environment, monetary and fiscal policies, and secular trends to identify the sectors or industries that are most likely to outperform the market. We start with a universe of several thousand companies and exchange-traded funds, sorting this list down to a manageable number of investment alternatives through a rigorous series of proprietary quantitative screens that include earnings growth, cash flow and financial condition. We are open to all market capitalizations, but most candidates will be larger than $500 million. After this screening, companies undergo a thorough analysis focusing on qualitative factors such as growth potential, market position, proprietary advantages, management capabilities and insider ownership before investing.



Jonn Wullschleger, CFA – PM, Principal with Mitchell Capital since 2000, analyzing equities since 1991

Rob Day – Equity Analyst with Mitchell Capital since 2020

Miles Green – Equity Analyst with Mitchell Capital since 2021

Grant LacKamp – Equity Analyst with Mitchell Capital since 2021

What sets this strategy apart?

Long-term management team with ownership in the firm and investments in the strategy

Commitment to established and successful process

Flexibility allowing for responsiveness to changes in economic environment

Growth Equity Strategy: March 31, 2023

Strategy Characteristics

Dividend Yield0.8%
Free Cash Flow Yield2.6%
Debt / Equity78.0%
Forward Price / Earnings26.4x
Price / Earnings Growth2.8x

Top Ten Holdings

PositionAllocation %
Apple Inc.13.3
Alphabet Inc.8.2
Microsoft Corp.7.1 Inc.5.8
iShares S&P Growth5.8
Nvidia Corp.4.8
United Health Group4.3
Thermo Fisher Scientific3.5
Visa Inc.3.3
Costco Wholesale Corp.3.0

‏‏‎ ‎

The information above is intended solely to provide insight into how the manager analyzes securities, and are not a recommendation for any particular security or strategy. There is no assurance securities will remain in the portfolio or that they were or will be profitable. This is a list of top ten holdings based on a percent of the total and is not a full list of securities.

Sector Weightings

SectorPortfolio %
Consumer Discretionary14.8
Consumer Staples4.7
Health Care18.0
Informational Technology34.1
Real Estate0.0
Communication Services8.8

Capitalization Profile

Weighted average market cap$801B

About Mitchell Capital Management

Mitchell Capital Management (MCM) was founded in 1987 and is an SEC Registered Investment Advisor. The firm manages portfolios and provides investment solutions for an array of investors nationwide, including individuals, foundations, union pension plans, retirement plans, endowments and associations. MCM has always been employee owned and intends to stay that way. Our fiduciary culture means our clients are the first priority in each decision we make.


Receive a Complimentary Portfolio Review