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Woodworth Contrarian Fund - A Long/Short Equity Strategy

When the market counts a company down and out, we take a second look. Contrarian value-based investing for the long run.

In addition to our meticulous strategy and proven performance, our approach to managing your investment is built on a close, personal, and transparent partnership with you.

At The Oregon-Based Woodworth Contrarian Fund, we meet the long-term needs of investors seeking aggressive returns by allocating a portion of your overall investments. We manage our portfolio directly - trained as true stock pickers with a contrarian focus - which is a rarity in a world filled with market averages, ETFs, and derivatives. We meet with companies and their management, attend earnings calls, and perform deep-dives into company financials on a regular basis. We stay nimble & diversified, with an ability to pivot as the market changes.

Because of our non-correlated, non-industry-specific, direct investment into good companies that are out of favor, we tend to outperform our peers in the long term.

DEEP ROOTS. STUBBORN GROWTH. OREGON BASED.

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Investment Universe

All US-listed public equities; Russell 2000


Strategy Type

Long/Short (Long Bias) Contrarian, Value-Based, Direct Investment


Managed By

Woodworth Contrarian Fund

Strategy Highlights

Low Minimum Investment $20,000

Value-based contrarian, out-of-favor

When the market counts it down and out, we take a second look.

Low Minimum Investment $20,000

Direct investment

We invest directly into good companies, without derivatives, ETFs, or mechanisms for which we have no advantage - keeping you closer to the investment.

Low Minimum Investment $20,000

Long term investment, but with liquidity

Our time horizon is generally 3-5 years, in which we won’t necessarily match the markets, but for which we generally outperform over time - that being said, we allow quarterly liquidity through monthly, independently-audited pricing.

This is Why Woodworth Contrarian Fund is the Right Strategy for you

When the market counts a company down and out, we take a second look. Contrarian value-based investing for the long run.

In addition to our meticulous strategy and proven performance, our approach to managing your investment is built on a close, personal, and transparent partnership with you.

“There are two times in a man's life when he should not speculate: when he can't afford it and when he can.”

Mark Twain

Understanding the difference between investment and speculation is the first step in achieving investment success.

At The Oregon-Based Woodworth Contrarian Fund, we meet the long-term needs of investors seeking aggressive returns by allocating a portion of your overall investments. We manage our portfolio directly - trained as true stock pickers with a contrarian focus - which is a rarity in a world filled with market averages, ETFs, and derivatives. We meet with companies and their management, attend earnings calls, and perform deep-dives into company financials on a regular basis. We stay nimble & diversified, with an ability to pivot as the market changes.

A contrarian believes that crowd behaviors among investors lead to exploitable mispricings in securities markets. Widespread pessimism about a stock can drive a price so low that it overstates the company's risks (we look for stretched rubber-bands), and understates its prospects for returning to profitability. Identifying and purchasing such distressed stocks, and selling them after the company recovers, can lead to above-average gains. Conversely, widespread optimism can result in unjustifiably high valuations that will eventually lead to a drop if and when those high expectations don't pan out.

The stock market becomes increasingly saturated by institutional investors every day. The majority of the market is occupied by a handful of banks, bots, asset managers, and private equity firms who primarily invest in large companies with perceived future growth. However, value is determined intrinsically by current measures of assets and profitability relative to market sentiment, not future potential. A contrarian knows that this crowd behavior among institutional investors leads to exploitable mispricings among existing value. We apply a rigorous, analytics based, contrarian investment strategy to discover upside missed by the institutional investors and exploit their assumptions. Our portfolio consists of value-based, out-of-favor, high yielding, low-debt companies. It is balanced to achieve aggressive capital appreciation while minimizing long-term downside risk.

Buying out-of-favor-companies when they’re cheap can seem like obvious financial wisdom but, most financial institutions take a different approach. Banks, analysts, and large asset managers are often cautious to do anything unusual because they don’t want to be held responsible for a mistake. This leads them to invest in large, stable companies that are popular in the market. Apple, Microsoft, and Amazon are great companies and everyone knows it. This makes them obvious buys and has caused their price to become expensive relative to their value. Instead, we look for companies that are unpopular with the market and overly punished. This allows us to take advantage of the pressures placed on typical mainstream investors.

Diversification is key to any successful long-term investing strategy. It protects an investor from major losses and allows them to capitalize on market swings. Due to the expanding financialization of all asset classes and the centralization of wealth, almost all indexes, mutual funds, and hedge funds are now correlated to the general market growth. Unlike most hedge funds, our investment team works tirelessly to ensure our growth is not correlated to the ebbs and flows of the larger market. Our uncorrelated returns provide investors with a valuable weapon in their portfolio.

DEEP ROOTS. STUBBORN GROWTH. OREGON BASED.

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Hedge Fund Mangers

The Millegan Brothers - The Managers Behind Woodworth Contrarian

Quinn Millegan is a graduate of Oregon State University in Corvallis, and Drew Millegan was a Series 7 licensed stock broker. Quinn and Drew Millegan are brothers, lifelong Oregonians, and longtime portfolio managers who were trained in Contrarian investing at their father’s stock brokerage firm from a young age. In 2016, Drew and Quinn started the hedge fund with a core cadre of partners to invest for the long term, most of which are still with the fund to this day.

“When the market counts a company down and out, we take a second look.”

The Millegan Brothers - Hedge Fund Managers @ Woodworth Contrarian Fund

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3 Easy Steps to Invest in Our Woodworth Contrarian Strategy

Investing in our Woodworth Contrarian hedge fund strategy is pretty simple: just create an account, add the strategy to your portfolio and on the next funding cycle you're in.

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Analyze Investments

Search for offerings that fit your risk and return criteria, create model portfolios, and use the CARL tools to help you identify the best investments for you.

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What Investors Say About CARL

"I didn’t know investments like this existed before finding CARL, and I guess they didn’t for regular investors until now. It provides so many more options, I can now manage my own hedge fund portfolio, diversify my investments and I have the potential to earn a return regardless of market direction."

Chris
CFO, Michigan

OUR STRATEGIES

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Woodworth Contrarian Fund

When the market counts a company down and out, we take a second look. Contrarian value-based investing for the long run.

Strategy details

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If you have any further questions about hedge fund investing opportunities, our Woodworth Contrarian strategy or about CARL in general, please do not hesitate to contact us.

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