Keeley-Teton Advisors

Investment decisions are led by John Keeley III and John Keeley Jr., who serve as principals and portfolio managers. They continue the value-investing approach established by John Keeley Sr. The firm’s small team allows centralized decision-making (public record).

Keeley-Teton employs a deep-value, bottom-up investment strategy focused on small-cap and micro-cap equities. The firm seeks companies trading at significant discounts to intrinsic value, with a portfolio typically holding 25–35 positions and low turnover (per SEC filings).

Keeley-Teton Advisors is structured as an SEC-registered investment adviser (RIA), acting as an asset manager for institutional clients and separate accounts. It is not a family office, though it has multi-generational family involvement in management (public record).

Publicly available information does not list explicit sector avoidance, but the firm’s value discipline leads it to avoid high-multiple growth stocks, speculative biotech, and highly leveraged companies that do not meet its valuation criteria (per SEC filings).

Deal sourcing relies on traditional fundamental research, including screening for low price-to-book and low price-to-earnings metrics, plus direct company analysis. The firm does not disclose proprietary sourcing mechanisms beyond standard value-investing methods (public record).

Keeley-Teton Advisors operates with a lean team of fewer than 10 investment professionals. Its headquarters is in Chicago, but the firm does not disclose the exact number of employees. The family’s multi-generational involvement provides continuity (public record).

No philanthropic vehicles are publicly associated with Keeley-Teton Advisors as an entity. The firm does not disclose any foundations or charitable arms (public record).