Aziz Hamzaogullari’s strategy of patience

Aziz Hamzaogullari’s strategy of patience

Aziz Hamzaogullari has been the manager of the Loomis Sayles Growth Fund (LSGRX) since 2010 and claims that he has made it one of the most profitable mutual funds of the year by sticking to his long-term strategy. Hamzaogullari has stated that he only looks for stocks with sustainable growth over a long period that can be bought at a reduced price, which makes accumulating gain significantly easier.

LSGRX’s new holdings

The current stock market slump that has occurred as a result of the coronavirus pandemic has turned it into a market for buyers like LSGRX. According to Hamzaogullari, the first quarter of the year was the most active LSGRX has ever had. LSGRX has reduced holdings in a number of different companies so far in order to invest in five more to take advantage of the economic climate.

Hamzaogullari has not yet named the new holdings but plans to do so in his monthly report. Hamzaogullari claims that patience is key when it comes to a successful investment strategy and that LSGRX has been tracking the new names for approximately ten years. LSGRX implemented this same strategy during the financial crisis of 2008, in which they purchased eight names.

The value of patience

Hamzaogullari explained to Investor’s Business Daily why he values patience so highly regarding investment opportunities: “When market dislocations happen, because we’ve done our homework well in advance, we know the risks in each business. And the upside potential.”

The Loomis Sayles Growth Fund only purchases stocks when they trade at a significantly lower cost to their inherent value. As a rule, LSGRX only makes purchases when there is a minimum of twice the amount of potential in comparison to risk. So far, LSGRX’s strategy has proved to be a success, as the fund is currently worth over $9.2 billion.

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