Large Capitalization Balanced Portfolio

The Large Capitalization Balanced Portfolio includes a blend of high-quality equity securities and fixed income instruments.


Investment Management of Virginia’s Large Capitalization Equity investment style emphasizes high quality. On a portfolio basis, prospective equity holdings should exhibit the following characteristics:

  • Sustainable operating margins
  • Consistent earnings growth
  • Favorable returns on equity
  • Long-term financial strength
  • Sound management
  • Industry leadership.

In selecting stocks for inclusion in clients’ portfolios, IMVA employs both macroeconomic analysis and bottom-up fundamental analysis of individual companies. Ultimately, the portfolio managers seek a diversified basket of high-quality companies in the industry sectors that appear poised for good long-term growth. Among stocks within a given industry, potential positions are screened for quality and valuation. The portfolio managers attempt to avoid altogether those companies and sectors whose prospects are less certain, or whose valuation metrics appear extended.  Exchange traded funds (ETFs) may also be used.

Investment Management of Virginia defines risk as permanent impairment or erosion of long-term fundamentals. Accordingly, the portfolio managers will consider selling a security based on the presence of one or more of the following conditions:

  • Material earnings shortfall and/or negative earnings revisions
  • Price target achieved in advance of supporting fundamentals
  • Change detected in management integrity/commitment
  • Good, alternative investment opportunity identified.

The equity component of Large Capitalization Balanced Portfolios typically accounts for 60%-75% of the overall portfolio’s market value and includes approximately 40 to 50 positions.

Fixed Income:

IMVA’s fixed income investment style emphasizes investment grade securities, especially U.S. Treasuries, with short to intermediate maturity and duration.  The fixed income allocation within Large Capitalization Balanced Portfolios generally ranges from 25%-40% of total value.


Download the full description of the Large Capitalization Balanced Portfolio in PDF format: 4Q2022 Large Capitalization Core Equity and Large Capitalization Balanced Portfolios Presentation

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Suite 204
Richmond, Virginia 23226

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This website is intended only for the use by residents of the United States and only in those states in which Investment Management of Virginia, LLC (IMVA) may lawfully transact business or in those states in which IMVA is licensed to distribute such information. The information presented on this website is for informational purposes only and should not be construed as financial or investment advice nor does it constitute an offer to sell, solicitation to buy or a recommendation for investing in any security or an offer to provide investment services.

In addition, IMVA disavows any liability for any action taken based on any information contained on this site. Information on this site may be subject to change without notice.
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