About Our Firm
Saga Partners, LLC is an investment advisory firm located in Cleveland, Ohio. It was founded by Joe Frankenfield and Michael Nowacki in 2016 and manages a single investment strategy (“The Saga Portfolio”) for clients through separately managed accounts.
About The Portfolio
The Saga Portfolio is a fundamental, long-only, public equity investment strategy. Its goal is to provide returns above the general market over the long-term by investing in a small number of great businesses run by great managers.
Companies are selected based on three main criteria:
Is the company growing a durable competitive advantage?
Is management high caliber that thinks and acts like owners?
Does the current price provide an attractive return if the company is owned for 10+ years?
Opportunities are difficult to find, so if a company meets our criteria, the Portfolio will take fairly concentrated positions in its highest conviction ideas, typically holding ~10 companies. The best way to learn more about the Saga Portfolio investment strategy is to read past investor letters.
About The Team
Joe Frankenfield, CFA
Joe graduated from Miami University with a B.S. in Finance and is a CFA charterholder. Prior to founding Saga Partners he worked in equity research at KeyBanc Capital Markets and corporate banking at PNC Bank.
Michael graduated from Ohio State University with a B.A. in Economics and from Ohio University with an M.S. in Finance. Prior to founding Saga Partners, he ran Nowacki Asset Management, an investment advisory firm managing customized accounts.