KLINGENSTEIN FIELDS & CO LP

Klingenstein Fields & Co LLC is an investment management firm based out of New York City, New York. The company was originally established in 1989 by Kenneth D. Pollinger and Kenneth H. Fields, both of whom are still with the company today acting as its CEO and Chairman, respectively. Klingenstein Fields & Co conducts its research internally, utilizing a top down and bottom up investment approach. The company uses a fundamental methodology to make its investment decisions, allocating its assets in the value stocks of large cap companies within the public equity markets of the United States. Klingenstein Fields & Co invests most heavily in the consumer discretionary sector, which alone makes up over a sixth of its total asset allocations, and also invests in the finance, health care, industrials, information technology, and energy sectors, among other sectors to a lesser degree, in order of decreasing allocation. The company holds its allocations for over 32 quarters on average and holds its top 10 allocations for 26.3 quarters on average. In the most recent quarter, Klingenstein Fields & Co has had a turnover rate of 14.35%. The company now operates with 30 employees of which 12 are investment professionals. Klingenstein Fields & Co manages about $3 billion in total assets under management spread across over 1,100 total accounts, all of which are discretionary accoutns except for 5 that make up $5.1 million of its assets under management. Both of the firm’s total number of accounts and total assets under management have been decreasing in recent years with its total number of accounts having been once as high as over 1700 back in 2013 and its total assets under management having been over $4 billion three years ago. Klingenstein Fields & Co currently offers its Core Equity Strategy which focuses “primarily in mid and large capitalization stocks of high-quality companies.”