The Harbor Capital Appreciation fund has consistently invested in tech giants like Microsoft and Nvidia, along with a continuous investment in Apple since 2004, indicating their faith in the long-term profitability of these companies. Along with these, Google’s Alphabet also forms a part of their portfolio since 2007. The fund also diversifies by investing in a broad range of consumer discretionary brands.
Established in 1987 and advised by Jennison Associates, the Harbor fund invests in companies with immense growth potential. The team uses their in-depth industry knowledge and rigorous due diligence to select such companies. They are particularly attracted to companies that show resilience in uncertain economic conditions and are committed to making financially rewarding choices for the long term.
The fund’s strategy revolves around businesses demonstrating robust growth narratives and superior growth rates concerning revenue, operating profits, and net gains. Harbor Fund’s approach evaluates management teams and comparatively analyzes the performance of companies within the same industry to provide superior returns for investors while keeping a diverse portfolio.
The Harbor fund’s institutional share class, HACAX, has a three-star rating from Morningstar and has outperformed its category and benchmark over the past decade. According to Morningstar, it was one of the top 10% large growth funds for the fourth time in a decade in 2023. This success is due to both strong stock selection and effective geographical allocation.
Despite significant shifts in leadership, the fund’s strategy has remained steadfast. Blair Boyer’s lengthy tenure with Jennison equips him with a deep understanding of the fund’s investment philosophy, a testament to the continuity and consistency promised by Harbor Capital. Their carefully thought out strategy has been contributed significantly to the fund’s continuous growth and progress.
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