Overview
EagleClaw Capital Management, LLC ("EagleClaw") is an SEC-registered, independent
investment advisory firm founded in 2005 and located in Boston, Massachusetts. Mr.
David W. Donahue, Jr. is the principal owner of EagleClaw.
EagleClaw concentrates its efforts on working with families and individuals, as well as
not-for-profits and endowments. Staying focused allows us to give each of our clients
the attention they require and to work with them to make the choices necessary to
create the future they desire. We build portfolios comprised of individual securities (both
stocks and bonds) and pride ourselves on the broad, enduring relationships we share
with our clients. We understand that money is not an end in itself but a means to an
end. We have a well-defined process we use with our clients to identify what their real
aspirations are and to determine the tradeoffs they are willing to make to get there. The
path toward the "ideal" life is carefully monitored and updated within the context of an
"acceptable" outcome.
Our investment philosophy incorporates fundamental analysis with a technical overlay,
and emphasizes a non-consensus contrarian style. We focus on:
1. Buying good businesses
Dominant market share
Recurring revenue streams
Well-managed
2. Invest with a two- to five-year time horizon
Act as a business owner, not a stock trader
Look for catalysts to increase the valuation
3. Powerful earnings growth
Strong balance sheet
Look in all market capitalizations
Take a contrarian view
4. Consider the impact of taxes
Capital gains taxes are one of several factors considered
Tax rates are an important component of any income stream
5. Portfolio diversification
Ample diversification, not over diversification
PORTFOLIO ADVISORY SERVICES (PAS)
In EagleClaw’s Portfolio Advisory Services (PAS), the firm manages client accounts on
a discretionary or nondiscretionary basis.
EagleClaw clients complete an Account Form for the purpose of determining the client's
investment needs, objectives, and risk tolerances. The client's personal financial
information forms the basis of the investment strategy recommended by EagleClaw. For
example, clients with a long-term investment view and who are interested in capital
appreciation will need a strategy that is different from an investor with a short-term
investment view and who is interested in generating income. Accordingly, EagleClaw
uses a wide variety of investments, including equity (large-cap, mid-cap, small-cap, and
all-market capitalization portfolios), debt securities of various kinds (including high yield
bonds), and investment company securities. Such investment company securities are
generally placed with no associated sales charge; however, investment company
securities that have been transferred into the program may have
been purchased with a
sales charge prior to the establishment of the client's respective portfolio. Such
securities should have been held at least 12 months prior to their inclusion in the client
PAS portfolio. Initial public offerings will not be offered in PAS accounts.
Our investment recommendations are not limited to any specific product or service
offered by a broker-dealer or insurance company and will generally include advice
regarding the following securities:
Exchange-listed securities
Securities traded over-the-counter
Foreign issues
Warrants
Corporate debt securities (other than commercial paper)
Commercial paper
Certificates of deposit
Municipal securities
Mutual fund shares
Exchange-Traded Funds
United States government securities
Option contracts on securities
Because some types of investments involve certain additional degrees of risk, they will
only be purchased when consistent with the client's stated investment objectives,
tolerance for risk, liquidity, and suitability.
Eagleclaw advisors may also use one or more third party so-called Wrap Fee programs
sponsored by un-affiliated third party broker dealers / investment advisers as listed
below to manage your assets. Programs available include the following (as of the date
of this Part 2A Brochure) and are available on a fee-only basis:
Wrap Fee Program Name Sponsor
Separately Managed Account Programs
offered through RBC Correspondent
Services are listed below:
RBC Advisor
RBC Unified Portfolios
RBC Consulting Services
RBC Capital Markets (“RBC CM”), a
securities broker dealer registered with the
SEC and FINRA.
Please see the Part 2A, Brochure Supplement that we provide to you for each of these
programs (the so-called Wrap Fee Disclosure Brochure). This Brochure identifies all
relevant fees, expenses and other charges (and how the program works) to you.
SUB-ADVISER ACCOUNTS
Eagleclaw’s Advisory Services can also be accessed through separately managed
account/sub-adviser programs. Under these programs, an adviser has a contract with
its client to perform services as an investment manager and possibly custodian
services. The adviser, in turn, establishes a contract with Eagleclaw to provide advisory
services to the adviser’s client. Eagleclaw establishes a contract with the adviser on the
client’s behalf. Eagleclaw may from time-to- time establish other such relationships.
The advisers that have contracted with Eagleclaw include:
CJ Gilbert Financial, LLC
Eagleclaw acts as sub-advisor on these accounts and transactions are executed by
Eagleclaw as authorized by the program provider at their chosen.
ASSETS UNDER MANAGEMENT
As of June 30, 2023, EagleClaw had $540,090,877 in customer assets under
management, all of which are managed on a discretionary basis.