Building
Generational
Wealth
We deploy patient capital in a concentrated portfolio of equity and debt securities, seeking to build generational wealth through rigorous fundamental research, disciplined valuation, and active engagement.
About Our Firm
In a Sea of Sameness, We Swim Against the Current
In an investment marketplace increasingly shaped by passive flows, standardized products, and consensus thinking, GVIC offers a differentiated alternative. We conduct intensive, independent research to identify overlooked or misunderstood securities trading at meaningful discounts to appraised value. We then invest with conviction, patience, and a willingness to engage constructively when doing so can help close the gap between price and value.
Investing Alongside You
GVIC associates are encouraged to invest in the same securities held in client accounts. That shared exposure reinforces the discipline, patience, and accountability we bring to every investment decision.
100% Employee Owned
As a 100% employee-owned firm, GVIC’s long-term success is tied directly to the quality of our judgment, the stewardship of client capital, and the enduring relationships we build.
Direct Access Without Layers
Clients communicate directly with the people who research securities, formulate investment theses, and manage capital — without unnecessary layers between the analysis and the relationship.
“Superior investing…requires second-level thinking—a way of thinking that’s different from that of others, more complex and more insightful.”
HOWARD MARKS
Investment Strategies
Our Product Offerings
Our Team
The People Behind Your Investments
GVIC brings more than 90 years of collective experience across market cycles, global asset management, sell-side research, and independent value investing. We are a unified team of curious, contrarian thinkers who test ideas through rigorous internal debate and speak with a clear, fact-based voice. Clients have direct access to the people who research securities and manage capital, and many team members invest personally alongside them.
Jeffrey R. Geygan
Founder
& Executive Board Chair
JP Geygan
Chief Executive Officer
& President
Stacy Wilke
Chief Compliance Officer
& Chief Financial Officer
Kathleen Mackey-Geygan
Vice President,
Public Relations
Tom Molosky
Vice President,
Advisory
Mac MacLaren
Vice President,
Research
Satendar Singh
Vice President,
Research
Naveen Kumar
Senior Research
Analyst
Kristin Mastantuono
Director
of Marketing
Investment Philosophy
Where Others See Noise,
We See Opportunity
Markets frequently confuse popularity with value. GVIC seeks opportunity where short-term sentiment, incomplete analysis, or consensus thinking creates a meaningful dislocation between price and intrinsic value. Our philosophy is grounded in six principles that guide how we research, select, own, and engage with investments.
Short-Term Market Inefficiencies Create Opportunity
We believe market pricing experiences periods of inefficiency that create opportunities to enter and exit investment positions opportunistically when price and value diverge sharply. Short-term sentiment, forced selling, limited coverage, and misunderstood developments can contribute to these dislocations. We seek opportunities that offer an adequate margin of safety and a credible path toward value realization.
People Run Businesses
We recognize that businesses are run by people, shaped by culture, driven by incentives, and governed through decisions that cannot be fully understood from a spreadsheet. We evaluate leadership, strategy, governance, and operating behavior alongside the financial evidence.
A Long-Term Horizon Is Critical to Consistent Long-Term Performance
Closing the gap between price and value often takes years, not quarters. Patient capital allows sound strategies, operational improvements, and other value-creating initiatives time to develop while we continually test the thesis and remain alert to value traps.
Operational Engagement Can Catalyze Value Creation
Our experience indicates that ownership is not a passive exercise. We maintain a regular cadence of engagement with management and boards and may offer constructive input on strategy, capital allocation, governance, and operations. When circumstances require it, we will escalate our efforts to protect capital and help catalyze the realization of appraised value.
Rigorous Fundamental Analysis Based on Value-Oriented Investment Principles Underpins Our Process
Our process begins with disciplined analysis of financial statements, cash flows, balance sheets, capital structures, and valuation. We then go beyond the numbers through direct conversations and boots-on-the-ground research that help us understand how a business actually operates.
Capital Should Be Concentrated in a Limited Number of High-Conviction Investments
We are convinced that active engagement, deep research, and concentrated effort can create a meaningful information advantage. That advantage supports our decision to concentrate capital in a limited number of high-conviction investments, allowing us to devote the time and resources required to understand each position deeply, assess the determinants of long-term value realization, and act when opportunities or risks emerge.
Insights and Commentary
The Thinking Behind the Numbers
Our commentary explains the judgment behind our investment decisions — how we distinguish price from value, test conviction against evidence, assess risk as the potential for permanent capital impairment, and identify catalysts others may overlook. Explore the research and independent thinking that guide how we deploy patient capital.
OCTOber 7, 2026
Patience Pays
Our third quarter letter on how rising interest rates are lowering the cost of patience while bringing more companies closer to attractive prices. Plus portfolio updates and themes from recent conversations with management teams.
September 2, 2026
Choosing the Courage of Conviction Over the Comfort of Consensus
Financial markets have a long history of consensus drifting from fundamentals, from the dot-com bubble to today's AI-driven exuberance, as capital increasingly chases popularity over value. We believe conviction, not consensus, is what separates enduring investment success from borrowed comfort, and we walk through why value investing demands the courage to act on independent, well-researched judgment even when it runs counter to the crowd. Rigorous analysis, firsthand due diligence, and active engagement with management remain central to how we uncover value the market has overlooked.
June 16, 2026
A Question of When. Not If.
Consumer sentiment has fallen to historic lows even as broad equity valuations climb to levels rarely seen in over a century of data. We believe the question is not if markets correct, but when, and we walk through the three disciplines guiding our portfolios through today's unsustainably high valuations. Selectivity, a focus on company specific value drivers, and strict price discipline remain central to how we prepare for the next downturn.
Does Your Investment Approach Look Beyond the Comfort of Consensus?
GVIC offers a differentiated alternative to passive products and consensus portfolios: concentrated value investing grounded in independent research, firsthand due diligence, patient capital, and active engagement. If you are looking for a firm willing to do the work required to earn conviction and help close the gap between price and value, we welcome the conversation.