CastleArk Management LLC

CastleArk Management LLC is an investment management company based out of Chicago, Illinois. The company was established in 1999 and is currently headed by President and CIO Jerome A. Castellini and CEO Kevin N. Dolsen. CastleArk Management has grown from its inception to now have 28 employees of which half are investment professionals. The company conducts its research internally and utilizes a fundamental methodology with a bottom up investment approach. CastleArk Management invests in the hedging and public equity markets within the U.S., focusing on the growth stocks of small to mid-cap companies. The company invests most heavily in the information technology sector, which alone makes up over a fifth of its total asset allocations, and also invests in the consumer discretionary health care, finance, energy, and industrials sectors, among others to a lesser degree, in order of decreasing allocation. CastleArk Management’s top 10 holdings includes Facebook Inc., Apple Inc., Walt Disney Co., Home Depot, Inc., and Charles Schwab Corp. and makes up 17.6% of its total holdings and the company has a turnover rate of approximately 32.5%. The company currently holds over $4.4 billion in total assets under management spread across 64 accounts, all of which are discretionary accounts. Although its total number of accounts dropped drastically back in 2011 and has stayed at relatively the same level since then, its total assets under management has been increasing, growing significantly from $1.75 billion back in 2010 to well over twice that amount today. CastleArk Management mainly caters to pension and profit sharing plans and state or municipal government entities, which each make up approximately a third of its total client base, and also provides services to high net worth individuals, charities, investment companies, pooled investment vehicles, corporations, investment advisors, and insurance companies. The company currently offers its Small, Mid, Large, and SMID Cap Growth strategies.