ST. DENIS J. VILLERE & CO.

The firm manages a concentrated, low-turnover portfolio of US equities, typically holding 25 to 35 names. It emphasizes durable business franchises, strong balance sheets, and management quality. The portfolio historically carries overweight positions in Financial Services, Energy, and Healthcare, reflecting the firm's Louisiana roots and comfort with regionally understood industries.

Yes. The Villere Balanced Fund (ticker VILBX) launched in 1999 and combines equities with fixed-income holdings. Morningstar has recognized the fund multiple times for its long-term risk-adjusted performance relative to peers. The fund held approximately $130 million in assets as of early 2024 (per SEC filings, 2024).

George V. Young serves as President and Portfolio Manager, and Royal S. Marks III serves as Vice President and Portfolio Manager. They lead a small, centralized team from the firm's single office in New Orleans. The firm is no longer directly managed by the Villere family but continues the founder's investment counsel tradition.

Villere sources through bottom-up, fundamental analysis rather than broker-dealer networks or investment-banking pipelines. The firm's long tenure in the South gives it familiarity with regional banks, energy infrastructure companies, and local industrials that larger coastal managers often overlook. Idea generation is grounded in publicly available filings, management meetings, and a multi-decade institutional memory.

The majority of client assets sit in separately managed accounts, consistent with the firm's origins as a private investment counsel for families and trusts. The pooled Villere Balanced Fund was added later as a vehicle for smaller accounts but represents a minority of total firm assets. This reflects a preference for direct client relationships over fund distribution.