# Minneapolis Portfolio Management Group

Minneapolis Portfolio Management Group is a Bank / Wealth / Trust based in Wayzata, United States.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** Wayzata, United States
- **Region:** North America
- **Address:** Wayzata, MN, United States
- **Founded:** 1995
- **Assets under management:** Undisclosed
- **Website:** mpmgllc.com
- **LinkedIn:** https://www.linkedin.com/company/minneapolis-portfolio-management-group-llc

## Regulatory record

- **CRD number:** 129963
- **SEC file number:** 801-62669
- **Registration status:** APPROVED
- **Latest Form ADV filing:** 2026-03-10T05:00:00.000Z
- **Reports private funds:** No
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/129963

## About

Phillip Grodnick founded the All Cap Value Composite in 1995 while at Salomon Smith Barney. The track record later migrated to Wachovia Securities before the firm incorporated independently as Minneapolis Portfolio Management Group, LLC in 2003, commencing operations in 2004. Harrison Grodnick joined as a named portfolio manager in the Wachovia period, and Rob Britton was added as an additional portfolio manager in July 2011. The firm remains owner-operated and based in Wayzata, Minnesota. MPMG deploys a single, research-driven strategy: a concentrated, all-cap value equity portfolio built stock by stock across domestic and international markets. The firm does not sell mutual funds, index products, ETFs, insurance, or annuities. It does not act as a middleman or broker for other managers. Portfolios are managed as separately managed accounts for individuals, families, trusts, retirement funds, endowments, foundations, and institutions. The performance track record runs continuously from January 1995 through at least December 2025, benchmarked against the S&P 500, NYSE Composite, and Russell 3000 Value Index. MPMG declines to publish total AUM or personnel headcount. The sole footprint is its Wayzata headquarters. The firm hosts an annual Speaker Series event featuring a thought leader, portfolio and economic updates, and a client dinner. In 2025, MPMG published a market summary characterizing the first three quarters as a period marked by a post-election rally and a rapid correction following the April 2 tariff event, noting that the return of inflation and interest-rate normalization closes the speculative era of government intervention. MPMG's structural differentiator is its refusal to offer anything other than direct, active stock selection. The firm is not a product distributor — each client portfolio is a separate account, managed on a discretionary basis, and all portfolio managers are invested alongside clients. This architecture makes MPMG a pure investment office rather than a wealth-management platform.

## Sectors

- Value Equities

## People

- Phillip Grodnick — Founder
- Harrison Grodnick — Portfolio Manager
- Rob Britton — Portfolio Manager

## Questions

### Who runs investment decisions at Minneapolis Portfolio Management Group?

Phillip Grodnick founded the All Cap Value Composite in 1995 and remains the lead decision-maker. Portfolio managers Harrison Grodnick and Rob Britton have been named on the composite since 2000–2004 and July 2011, respectively. The firm is owner-operated and describes all three as invested in the same businesses as clients.

### Is MPMG structured as a wealth manager or a pure investment firm?

MPMG functions as a pure investment firm rather than a full-service wealth manager. It does not sell mutual funds, ETFs, insurance, annuities, or index products. Its sole service is discretionary management of concentrated, all-cap value equity portfolios through separately managed accounts.

### Does MPMG participate in fund commitments or only direct securities?

MPMG runs solely direct equity portfolios. The firm explicitly states it does not sell any funds, act as a broker for other managers, or package client capital into pooled vehicles. All clients are invested through individual separately managed accounts.

### What investment stages or market capitalizations does MPMG target?

The mandate spans all capitalizations — small-, mid-, and large-cap equities — both domestic and international. The strategy is labeled 'All Cap Value' and selects individual stocks based on a disciplined valuation methodology the firm attributes to Benjamin Graham's principles.

### How can an institutional allocator verify MPMG's track record?

MPMG publishes net-of-fee composite performance from January 1995 through at least December 2025 on its website, benchmarked to the S&P 500, NYSE Composite, and Russell 3000 Value Index. Detailed GIPS reports and a full list of composites are available upon request, per the firm's performance disclosure.

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- [Minmetals International Trust](https://altss.com/profile/minmetals-international-trust)
- [Minority Entrepreneurship Institute](https://altss.com/profile/minority-entrepreneurship-institute)

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Last updated: 2026-08-11T02:43:31.692Z

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