Long Market
Strategy
A diversified long portfolio anchored in high-conviction equities, thematic ETFs, infrastructure assets, and selective digital asset exposure — guided by the proprietary PSIF fundamental research framework.
60%
Portfolio Weight
4
Asset Classes
PSIF
Research Method
Fundamental
Approach
Conviction-Driven Long Exposure
The Long Market Strategy represents 60% of Elevate Capital's total portfolio allocation. It is designed to capture long-term secular growth across a carefully selected universe of equities, ETFs, infrastructure assets, and digital assets.
Unlike passive index strategies, Elevate's long book is actively managed through the PSIF framework — a proprietary systematic investment process that combines quantitative screening with deep fundamental analysis and qualitative judgment.
The strategy draws inspiration from the concentrated, high-conviction approach of firms like Pershing Square and Sequoia, while incorporating the systematic rigor of BlackRock's Systematic Active Equity team. The result is a portfolio built for durability, not just performance.
"We seek businesses with durable competitive advantages, strong management teams, and the capacity to compound capital over long periods — then we hold them with conviction."
The long market portfolio is rebalanced quarterly, with position sizing driven by signal strength, conviction level, and portfolio-level risk constraints. No single position exceeds 10% of the long book without explicit risk committee approval.
Equity & ETF
The equity component of the Long Market Strategy focuses on publicly traded companies with durable competitive advantages, strong free cash flow generation, and capable management teams. The portfolio is sector-diversified but not sector-agnostic — we have high conviction in specific secular themes and allocate accordingly.
ETF exposure provides efficient access to broad market themes, sector rotations, and geographic diversification. Rather than using ETFs as passive instruments, Elevate employs them tactically — rotating between sector ETFs based on macroeconomic signals and relative value analysis generated by the Alcazar 5 algorithm.
Our equity selection process is informed by the PSIF framework and benchmarked against a universe of high-quality compounders. We look for businesses that can sustain above-average returns on invested capital for extended periods — a criterion that naturally filters for quality over quantity.
Selection Criteria
Durable competitive moat (brand, network effects, switching costs, or cost advantage)
Free cash flow yield above sector median
Management track record of capital allocation discipline
Identifiable secular tailwind supporting 5–10 year growth
Valuation within acceptable range relative to intrinsic value estimate
Positive PSIF framework score across all four dimensions
Infrastructure Assets
Infrastructure represents a growing allocation within the Long Market Strategy, reflecting the firm's conviction that the global energy transition, digital infrastructure buildout, and supply chain reshoring will drive sustained capital investment for decades.
Elevate's infrastructure exposure spans data centers, renewable energy platforms, logistics networks, and critical utilities — assets characterized by long-duration contracts, inflation-linked revenues, and high barriers to entry.
This allocation is inspired by the infrastructure investment philosophies of Brookfield Asset Management and Blackstone Infrastructure Partners, adapted for a liquid, publicly traded portfolio context.
Data Centers & AI Infrastructure
Renewable Energy Platforms
Logistics & Supply Chain
Critical Utilities
Digital Assets
Elevate Capital maintains a selective, risk-managed allocation to digital assets, reflecting the firm's view that blockchain-based assets represent a structurally important and growing asset class for institutional portfolios.
Our digital asset exposure is concentrated in assets with established institutional adoption, regulatory clarity, and clear utility — primarily Bitcoin as a store of value and Ethereum as a programmable settlement layer. We also maintain selective exposure to high-quality digital asset infrastructure companies through public equities.
Position sizing is disciplined: digital assets represent a capped percentage of the long book, with strict drawdown limits and regular rebalancing to prevent concentration risk.
Digital Asset Framework
The PSIF Framework
Every investment in the Long Market Strategy is evaluated through the Proprietary Systematic Investment Framework — a four-stage process that combines quantitative rigor with fundamental judgment.
Proprietary Screening
Multi-factor quantitative screens identify the universe of investable opportunities based on quality, value, and momentum signals. Our screens are calibrated against decades of market data and refined continuously.
Systematic Analysis
Structured fundamental analysis of each candidate, including detailed financial modeling, competitive positioning assessment, and management quality evaluation using a standardized scorecard.
Integrated Judgment
Qualitative overlay by experienced investment professionals to assess factors that quantitative models cannot fully capture — including regulatory environment, management character, and industry dynamics.
Framework Validation
Peer review and risk committee approval ensures that every investment meets Elevate's standards before capital is committed. No position is initiated without full committee sign-off.
Explore Our Quantitative Strategies
Learn how the Alcazar 5 and Risk Parity algorithms complement the Long Market Strategy.