Change
Growing companies that manage change advantageously and are poised to exceed expectations.
Sustainability
Long-term revenue and earnings potential, financial strength and quality of management.
Timeliness
Relative price strength of the stock and industry, liquidity, institutional sponsorship and market sentiment.
Lisa Wheatley, Portfolio Manager for Healthcare Opportunties
On June 28th Lisa will be on the “Wall Street Insights” panel at the NASDAQ/NIRI San Diego IR Summit
our approach

investing in the dynamic, innovative companies of today and tomorrow

We believe that change creates opportunity.

Dynamic change often creates a disconnect between a company’s future earnings power and its current stock price. Growth catalysts are often misunderstood creating mispricing opportunities. Yet investors tend to be anchored in their expectations and, therefore, raise them gradually to reflect new information.

We seek to exploit this inefficiency by investing in dynamic companies with accelerating revenue and/or earnings growth in which our research confirms the company’s growth is sustainable and the company’s stock is a timely investment.

We specialize in small- and mid-cap companies, which are some of the most inefficient and rewarding segments of the global markets. The disconnect between current valuations and future growth is often exacerbated by less research coverage, limited liquidity, short financial history, or no credit rating.

Importantly, we believe selling is as important as buying. We strive to be disciplined in selling positions when the investment opportunity has been fully realized and before the acceleration of growth slows, typically over the next 12 to 18 months.
capturing dynamic growth
successful investments

benefit from change that is real, lasting and not yet priced in

Our portfolios are comprised of securities that meet the following three criteria:

Change: Sources of positive change may include new products and services, competitive advantage, industry dynamics, regulatory change, a new business model or management change

Sustainability: Accelerating growth must also be sustainable and supported by the company’s long-term revenue and earnings potential, financial strength and quality of management

Timeliness: A great company that also makes for a great investment should be supported by positive relative price strength of the stock and industry, liquidity, institutional sponsorship, and other market sentiment factors.
Companies meeting our investment philosophy are generally distinguished by revenue and/or earnings acceleration, upward earnings revisions, a well-executed business plan, favorable competitive positioning, increasing market share and a skilled management team.
committed to staying

A FOCUSED BOUTIQUE

> 100% employee and majority women-owned investment boutique

> Focused on investing in dynamic, less efficient markets

> Offering actively-managed investment solutions to help our clients achieve their long-term goals

> Built on decades of experience over multiple market cycles

> Aligned with clients’ interest
"We have built our success on a forward-looking investment approach that focuses on change, where companies are going, not where they have been. We seek out dynamic, innovative and growing companies who are differentiated leaders in their industries and that offer products and services with distinct competitive advantages."

– Catherine Nicholas, Managing Partner & Chief Investment Officer
about us
Nicholas Investment Partners, L.P. is an independent, employee-owned and majority women-owned investment boutique focused on investing in dynamic, less efficient markets such as US small- and mid-cap equities and convertible bonds. We believe that change creates opportunity. We invest in dynamic companies with accelerating revenue and/or earnings growth in which our research confirms the company’s growth is sustainable and the company’s stock is a timely investment. Our edge comes from combining fundamental equity and credit research with the objectivity and efficiency of quantitative analytics. We have a results-driven and client-centric culture centered on building lasting and value-added relationships with a select group of institutional and private wealth clients and consultants.