- Go Anywhere: Looking for the best opportunities, regardless of market cap or sector
- Bottom-Up: Investment decisions based on rigorous fundamental theses
- Concentrated Portfolio: Building a portfolio consisting of 20-30 stocks allows us to invest in our best ideas while having proper diversification
We believe active, high-conviction, and opportunistic investing is essential for delivering potential over performance.
- CEA focuses on uniquely positioned companies
- Investments made with patience and precision
- Performance driven by gains and downside protection
- Deep company insights enable nimble actions
- Concentrated portfolio of high conviction ideas
Richard Ryskalczyk, CFA
Co-Managing Partner, Lead Portfolio Manager
Aaron VandeGuchte, CFA
Partner, Chief Equity Analyst
Mark Larry, CFA
Partner, Senior Equity Analyst
Tim Myers, CFA
Equity Analyst
Our primary goal is to produce a superior risk-adjusted return on our clients’ capital.
Total Returns
AS OF 6/30/2025 
*Inception of the Concentrated Equity Alpha (CEA) Wrap Composite is 3/1/2004. Past performance is not a guarantee of future results. Individual investor results may vary. Performance may be materially affected by market and economic conditions. Net-of-fee performance reflects the deduction of a 3.0% model wrap fee, applied monthly as 1/12 of the annualized rate. This represents the maximum anticipated fee for portfolios in which Sandhill acts as a sub-adviser. Actual fees may vary. Returns for periods less than one year are not annualized. Gross-of-fee returns do not reflect the deduction of any fees or transaction costs. The CEA Wrap Composite includes all discretionary wrap-fee paying accounts invested in an all-cap U.S. equity strategy, which may hold large-, mid-, and small-cap U.S. common stocks, American Depositary Receipts (A.D.R.s), domestic ETFs, sector ETFs, and cash. The benchmark shown is the Russell 3000 Total Return Index, which represents the performance of the 3,000 largest publicly traded U.S. companies. The index is unmanaged, includes reinvested dividends, and does not reflect the deduction of fees or expenses. It is not available for direct investment. Third-party data is believed to be reliable but is not guaranteed. Interest, dividends, and capital gains in the composite are not immediately reinvested.
Calendar Year Returns (%)
AS OF 6/30/2025
Sandhill Investment Management is a registered investment advisor with the Securities & Exchange Commission. Past performance is not indicative of future performance. Net-of-fee performance represents the deduction of a 3.0% model fee, which is the maximum anticipated wrap fee for portfolios in which we act as a sub-adviser. Sandhill strategies are offered as separate accounts. Sandhill Concentrated Equity Alpha WRAP is a composite of separately managed accounts. This graph is for informational purposes only.
*Portfolio characteristics, performance statistics, sector allocations, and holdings shown are representative of the current makeup of the composite as of the date indicated. They are not intended to represent how newly opened accounts will be invested. Actual client portfolios may differ due to account-specific factors such as timing, size, restrictions, or market conditions. Holdings are subject to change without notice.
