Chiarezza Capital Management, LLC

Chiarezza Capital Management provides customized investment management on a separate-account basis to individuals as well as to pension and profit-sharing plans, foundations, endowments, businesses, and trusts. The firm primarily invests in U.S.-listed equities and may also allocate to exchange-traded funds, foreign-listed equities, options contracts, and U.S. government securities as part of client portfolios.

The firm conducts fundamental analysis—both qualitative assessments of management and business models and quantitative financial-statement and valuation work—to construct concentrated equity portfolios typically holding 15 to 30 stocks across market capitalizations and sectors. Most positions are initiated with a 1–5 year investment horizon, and the firm may employ put options on broad equity indexes to hedge downside risk in client accounts.

Compared with many peers, Chiarezza combines a small, separately managed account platform with services for institutional clients such as plans and endowments, and it discloses the use of derivatives (index put options) within those managed accounts. The firm also provides quarterly client reporting and client letters, does not vote proxies on clients’ behalf, and follows a formal code of ethics consistent with CFA Institute standards.