Lountzis Asset Management

Paul Lountzis serves as president and is the primary portfolio manager and investment decision-maker. The firm operates as a concentrated, founder-led investment boutique. All portfolio activity flows through Lountzis's bottom-up research process.

The firm employs a concentrated, long-only public equities strategy rooted in fundamental value analysis. It seeks high-quality, undervalued businesses with durable competitive advantages and strong management teams. The portfolio holds a narrow number of names and turns over infrequently, consistent with long-term value principles.

Paul Lountzis organizes an annual not-for-profit conference held after the Berkshire Hathaway shareholder meeting. The conference gathers value-oriented investors to discuss the annual meeting's key themes, investment philosophy, and specific businesses. It functions as a discussion forum rather than a commercial event and has featured other value-investing practitioners.

Lountzis has indicated a willingness to invest globally when businesses meet the firm's quality and valuation criteria. The primary geographic focus is North American listed equities. The firm does not operate dedicated emerging-market or international strategies as separate vehicles.

The firm runs a deliberately concentrated portfolio, holding significantly fewer names than a typical diversified equity manager. This reflects the founder's conviction that deep, narrow research produces better long-term outcomes than broad diversification. The exact number of holdings is not publicly fixed and varies with the opportunity set.

Lountzis Asset Management has no formal business relationship with Berkshire Hathaway. The connection is philosophical: Paul Lountzis has publicly modeled his investment approach on Warren Buffett and Charlie Munger's teachings and has historically held Berkshire Hathaway as a portfolio position. His post-meeting conference is an independent educational event.

The firm communicates through detailed shareholder letters that explain the investment rationale behind portfolio holdings, consistent with the Buffett partnership-letter tradition. Paul Lountzis has also used public conference appearances and interviews to articulate the firm's investment philosophy directly.