DENVER INVESTMENT ADVISORS LLC

Denver Investment Advisors LLC is an investment management firm based out of Denver, Colorado. The company was originally established in 1958 and has grown from its inception to now operate with 89 employees, of which 47 are investment professionals. Denver Investment Advisors currently manages over $9.3 billion in total assets spread across over 1000 total accounts of which all but 24 accounts are discretionary with the latter making up a minor $60 million of its held assets. Although the company’s total number of accounts has been decreasing in recent years, having once been as high as over 1,600 five years ago, its total assets under management has, despite some volatility, been increasing, growing significantly from just over $7 billion back in 2010 to experience well over $2 billion in growth. Denver Investment Advisors conducts its research internally, utilizing a fundamental methodology with a bottom up investment approach. The company invests in the fixed income and public equity markets on a global scale, focusing on the growth and value stocks of companies. Denver Investment Advisors invests most heavily in the finance sector, which alone makes up over a fifth of its total asset allocations, and also invests in the information technology, consumer discretionary, industrials, health care, utilities and telecommunications, and consumer staples sectors, among other sectors to a lesser degree, in order of decreasing asset allocation. The company’s top ten holdings together make up approximately 12.9% of its total holdings and the company has a turnover rate, as of the most recent quarter, of approximately 23%. Denver Investment Advisors mainly caters to high net worth individuals, which alone makes up over half of its entire client base, and also provides services to individuals, investment advisors, state or municipal government entities, corporations and other businesses, pooled investment vehicles, charities, pension and profit sharing plans, and insurance companies, among others, in order of decreasing clientele.