Limestone Capital is a student-run investment club founded in 2011 at Queen’s University (Kingston, Canada). Limestone currently has ~30 members that manage three long-only equity portfolios focused on small to medium-cap U.S. and Canadian securities.
Limestone’s mission is to execute on our three pillars of Education, Exposure, and Inclusiveness. In doing so, Limestone aims to provide students across all Queen’s faculties with education on both theoretical and practical financial knowledge, exposure to the finance industry, and inclusiveness on a variety of external events. Limestone’s members pride themselves in executing on these pillars, and as a result were awarded the Queen’s Commerce Society’s ‘Club of the Year’ for the 2019-2020 school year. The club was also nominated for this award again for the 2018-2019 year, and also received it during the 2017-2018 year.
Our TeamThe investment team is spread across six sectors as shown below. Each sector is comprised of Senior Portfolio Managers, Portfolio Managers, and Analysts, along with three Junior Analysts who rotate across all six teams.
Each sector team is responsible for producing four stock pitches over the course of the year. Sector teams use fundamental analysis techniques widely used in the industry to identify undervalued securities. Pitches are presented at Limestone’s weekly meetings, after which an investment decision is made by the executive team in collaboration with the sector team. To augment these stock pitches, each sector team is also responsible for producing four industry reports, which contain in-depth coverage of a specific industry within its coverage universe. These reports, which were added in 2018-2019, have to-date covered niche sectors such as golf, cybersecurity, self-storage, and auto parts manufacturing.