Parallel Tangent Capital. (“PTC”, or the “Company”) is a private investment holding fund principally engaged in acquiring and holding significant (but generally not controlling) positions in a concentrated number of large capitalization companies.

 

PTC’s primary objective is to maximize its long-term compound annual rate of growth in intrinsic value.

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PTC was formed and commenced trading on   1, July 2020. In 2024 the company’s founders agreed to make its financial results available to the public.

 

The purpose of doing so is to assist, primarily retail traders, in managing their investments in conjunction with the other services it offers through the Parallel Tangent Philanthropic Investing Club (“PTPIC”). For a small fee paid by subscribers, PTPIC can use any capital raised to assist charities through donations.

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PTC was founded by Paul Thomas Connolly and Pedro Fernandez, with Mr Connolly acting as Investment Manager. The Investment Manager is responsible, subject to the overall supervision of the other founders and significant investors, for investing PTC’s assets and liabilities in accordance with its investment policy.

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The majority of the Company’s portfolio is typically allocated to 10 to 14 core holdings usually comprising liquid, listed large capitalization North American companies. The Investment Manager generally focuses on high-quality businesses, that he believes have limited downside and that generate predictable, recurring cash flow. A smaller proportion of the portfolio is allocated to both higher dividend-paying stocks and positions that have a smaller market capitalisation and have the potential to make outsized gains. 

 

Through this portfolio structure, the Investment Manager aims to limit downside risk and ensure dividends are substantial and consistent to allow for reinvestment and well positioned to benefit from any emerging growth companies in a measured but risk-averse structure. The Investment Manager may also engage in hedging strategies to mitigate market-related downside risk or to take advantage of asymmetric profit opportunities.

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PTC is benchmarked against the SP500, however, its long-term primary target is a higher CAGR than the Index and secondary targets are less volatility, while paying a higher dividend.