Trane Technologies Q1: Strong Pricing Power Offsetting Tariff Impact

Core Insights - The investment strategy focuses on fundamental, bottom-up analysis with an emphasis on long-term quality growth [1] - The target annual return for the portfolio is set at 15% [1] - The portfolio typically consists of 15-20 stocks, emphasizing diversification, risk management, and disciplined trading [1] Investment Criteria - Companies targeted are those specializing in niche markets with strong growth potential [1] - A solid management team and sound capital allocation policy are essential for investment selection [1] - Reasonable valuation is a critical factor in determining investment opportunities [1] Portfolio Management - The investment approach does not prioritize short-term stock performance or quarterly results [1] - Macro-driven sector weights are considered in portfolio construction [1] - The focus is on maintaining a diversified portfolio to manage risk effectively [1]