Select Equity manages both long-only and long/short equity portfolios that differ in terms of market cap focus, geographic exposure and concentration but share our core investment philosophy of owning only the highest-quality companies that exhibit sustainable competitive advantages.

We have been investing on behalf of our clients in long-only equity portfolios since 1991, long/short equity portfolios since 1998, dedicated international equity portfolios since 2011 and global equity portfolios since 2013. All strategies draw from our centralized research effort, which includes both fundamental analysis and extensive field research.

We are long-term investors, often owning core positions for years while shifting weightings to reflect changes in a holding’s risk/reward profile. All of our portfolios have the flexibility to raise cash significantly in the absence of compelling investment opportunities.

In 2015, we launched Astor Place Holdings (APH), the private investment arm of Select Equity. APH seeks to deploy patient capital in value chains we have researched and invested in over two decades. For more information on APH, please visit .