McFarlane Investment Advisory Services

David McFarlane, as President and Chief Investment Officer, is the sole final decision-maker for the partnership. The firm is not known to employ a formal investment committee structure, reflecting its concentrated portfolio management approach.

The firm sources ideas through intensive, bottoms-up fundamental research, often focusing on under-covered small- and micro-cap companies. McFarlane has historically contributed detailed public write-ups on special situations, indicating a network and analytical process that surfaces mispriced assets outside standard Wall Street coverage.

The partnership runs a concentrated portfolio, typically holding 10 to 15 positions at any time. Holding periods span multiple years, consistent with a long-only, value-oriented mandate that disregards short-term market volatility.

The firm manages capital for a small group of partners alongside David McFarlane's own assets. It does not publicly market to institutions or conduct open-end fundraising cycles, operating more like an investment partnership than a commercial asset manager.

Yes. David McFarlane has a public record of activist campaigns, notably at Alexander's, a real estate investment trust, where he successfully pushed for board representation and strategic changes beginning in 2014.

The firm is registered as an investment adviser in Washington State. This registration provides a formal fiduciary framework, though its private-partnership economic model means it does not maintain the large compliance and operational infrastructure typical of institutional managers.

The partnership primarily invests in public equities via a concentrated value strategy. It has also participated in direct private investments and special situations when compelling risk-reward dynamics arise, though public securities represent the majority of identifiable positions.