TRIESTE

Trieste Partners

Research-Driven Quantitative Growth & Global Equity

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Trieste Partners is an investment adviser in formation. This website is for informational purposes only and does not constitute investment, legal, or tax advice.

The Name & Our Philosophy

Why “Trieste”?

Named after the bathyscaphe Trieste, the first manned vehicle to reach the Challenger Deep, the deepest known point in Earth's oceans, 10,916 meters down in the Mariana Trench, in 1960.

My foundation stems from using statistics to understand large amounts of data at the deepest depths of the ocean, to understand where the animals we can't see live and why they live there. This work included being the first to apply a revolutionary statistical model in the field at these depths, giving ecological meaning to what we can't see.

The same approach now powers Trieste Partners: deep research paired with quantitative models to read what's not yet seen in financial markets. Just as we mapped invisible deep-sea ecosystems, the firm uncovers the transformational companies and market patterns that others miss.

Our investment philosophy is fundamentally driven by one principle: balance-sheet growth and health matter above all else. We pair rigorous equity research with a proprietary risk-management engine to compound capital while protecting the downside.

Mission

“To unlock the companies that will shape the future through shared prosperity, deep research, and relentless focus.”

Intellect FirstEvidence over EgoCalculated BoldnessRelentless LearnerPurpose Driven

The Bathyscaphe Trieste

On January 23, 1960, Jacques Piccard and Don Walsh descended to the deepest known point in Earth's oceans, the Challenger Deep in the Mariana Trench at roughly 10,916 meters. This historic dive remains one of humanity's greatest achievements in ocean exploration.

↓ Scroll down to explore the 3D model ↓

The Bathyscaphe Trieste

Challenger Deep

10,916m
Mariana Trench
(Challenger Deep)

Just as the Trieste explored the deepest point on Earth, Trieste Partners dives deep into market data to uncover opportunities others miss.

The Market Opportunity

Exploiting Structural Inefficiencies

Markets misprice transformational growth. We focus our research where structural inefficiencies create a persistent gap between a company's stock price and the accelerating value of the underlying business.

Ahead of Coverage

We quantitatively analyze entire sectors and their supply chains, understanding every component and company within them. That lets us model company growth, build price targets, and form a complete investment thesis in businesses reshaping their industries before sell-side analysts get to them. Identifying revenue ramps before the rest of the market, through deep due diligence, is what creates the asymmetric return.

The Valuation Gap

Competitors with slowing growth are often valued higher than emerging leaders because of backward-looking metrics. We target the valuation gap where the market has not yet priced in transformative potential or market-share displacement.

The S-Curve Inflection

We target highly executing innovators at the precise inflection between product development and mass adoption, isolating the steepest portion of the revenue ramp before the broader market fully adjusts to the new growth trajectory.

Our Approach

Investment Strategy

Our flagship Quantitative Growth strategy is a research-driven long/short approach built to compound capital across market cycles, concentrating in high-conviction growth leaders while a proprietary risk engine dynamically manages exposure across market cycles.

Fundamental Research

Deep-dive analysis of every corner of a business, balance-sheet stress-testing to ensure resilience in volatile regimes, true TAM analysis beyond the hype, and market-share tracking to identify the leaders capturing structural growth.

Quantitative Analysis

Thematic mapping across high-impact verticals, Healthcare, Aerospace & Defense Tech, Energy, AI Infrastructure, and Fintech, tracking structural shifts and macro-trends before they become consensus, and identifying the earliest signs of growth in a sector.

Risk Management

Our proprietary engine uses a Hidden Markov Model to classify the prevailing market regime and flag transitions before their effects are widely seen. Exposure is dynamic: fully invested in bull regimes, defensively positioned in bear regimes to protect capital.

Alpha Generation

We run a concentrated portfolio of our highest-conviction ideas, typically 8-15 core positions, sized by conviction score and volatility analysis, forcing discipline so capital is only deployed when the risk/reward is asymmetric.

Portfolio Structure, Four Pillars

High Conviction

Core Holdings

Multi-year investments in visionary companies reshaping industries, priced for asymmetric upside over a 2-3 year horizon.

Tactical Weighting

Non-Core Holdings

Positions weighted by conviction and risk parameters, relying on near-term value-unlocking catalysts such as earnings or product launches.

Opportunistic

Swing Trades

Trades designed to capitalize on short-term price disconnects driven by market inefficiencies and sentiment.

Defensive

Hedges

Defensive short positions and derivatives (indexes, puts, laggards) deployed to dampen volatility and isolate alpha from broad market beta.

Bull Regime Exposure
Up to 100%
Bear Regime Exposure
~0% Net
Core Positions
8-15
Focus Verticals
5 Sectors
Our Differentiator

The Edge

Translating deep-ecosystem statistics into asymmetric financial returns. Our foundation is statistical modeling of complex ecosystems in the hadal trenches, and we apply that same rigor to large volumes of market data, identifying the leaders and adaptive players that thrive as their environments change.

A risk-management shield, built on a Hidden Markov Model

At the core of the strategy is a proprietary risk-filtering engine. Rather than looking only at price direction, it analyzes market volatility clusters to identify the “hidden” state of the market, classifying every trading day into distinct statistical states and mapping the probability of the market “flipping” from stability to chaos.

When the engine detects a bullish regime, the strategy stays fully invested to capture upside. When it flags a bearish regime, exposure is reduced toward zero to protect capital, so we move from aggressive growth to a defensive stance before the broader market reprices.

“Markets don't move in a straight line, they move in regimes. We mathematically identify the current regime to switch from aggressive growth to defensive positioning before the crowd realizes the mood has shifted.”
FIG. 01, Reading the Regime (illustrative)
Bull regime · fully invested Bear regime · exposure cut Flagship strategy
A conceptual look at how the engine reads the market. The price line climbs through bull regimes (blue), where the strategy stays fully invested; as the market rolls over into a bear regime (red), exposure is cut toward zero to protect capital, then re-engages as conditions turn back to blue. Illustrative only and not a representation of any actual track record.
Insights & Analysis

Research & White Papers

Access our proprietary research, market analysis, and white papers exploring the intersection of quantitative modeling, deep research methodologies, and financial markets.

Coming Soon Methodology

From Ocean Depths to Market Depths

How pioneering statistical models built to map invisible deep-sea ecosystems translate directly to uncovering hidden patterns and alpha-generating opportunities in equity markets.

Market Outlook

The Long Horizon: Emerging Growth Sectors & Forward Conviction

Our thematic outlook on the sectors positioned to capture outsized growth over the coming cycle, spanning AI infrastructure, energy transition, biotech innovation, and next-generation defense, and why conviction in secular tailwinds drives our long book construction.

Quantitative Research

Inside the Quantitative Engine

A detailed examination of our proprietary Hidden Markov Model regime-detection engine, its statistical foundations, signal-generation process, and demonstrated strengths in identifying bullish and bearish market transitions before they become consensus.

Coming Soon White Paper

The Long/Short Advantage: Anatomy of a Hedged Equity Strategy

An accessible breakdown of the long/short equity approach, how pairing long and short positions creates asymmetric return profiles, and the structural strengths that allow disciplined managers to generate returns through all market environments.

Research papers and white papers are available to qualified prospective and existing clients. To receive our latest research and investment insights, please submit your information through the Investor Inquiry form or contact us directly.

Leadership

Investment Leadership

Landon H. Schumaker

Landon H. Schumaker

Managing Partner & Chief Investment Officer

Deep-Sea Research Background

Landon began as a deep-sea researcher, developing first-of-its-kind statistical models to predict where life is found at the deepest ocean depths, mapping where animals we can't see live and understanding why. By age 20 he had produced two peer-reviewed scientific publications with three more in progress, an output comparable to post-PhD-level scientists. He also developed a statistical framework to guide effective sampling of the deepest parts of the ocean, protecting research capital against the logistical constraints of deep-sea exploration.

Translating Ocean Science to Financial Markets

Now he specializes in translating complex, data-driven analysis into actionable insight on market trends, with a focus on identifying transformational companies. Just as statistical modeling revealed hidden patterns in the ocean's deepest trenches, his proprietary models uncover market inefficiencies and opportunities invisible to traditional analysis.

His investment philosophy is fundamentally driven by one belief: balance-sheet growth and health matter above all else.

Investment Approach

The Trieste Partners flagship Quantitative Growth strategy combines:

  • A proprietary regime-detection engine paired with systematic equity research
  • Balance-sheet stress-testing and statistical evaluation of revenue growth and durability
  • Concentrated, conviction-weighted portfolio construction aimed at generating alpha
  • Data-driven decisions with rigorous backtesting and validation

Performance-Driven Discipline

The focus is on applying real research and statistics to perform at a superior level. The proprietary risk-management engine works in tandem with deep research and disciplined portfolio building, delivering results through systematic process rather than subjective market timing or intuition.

Resources

Strategy Documents

Investor Slide Deck

Comprehensive overview of our strategy, team, and investment approach

Performance Returns

Historical performance data and portfolio track-record information

All documents are confidential and available only to prospective and existing clients who have completed appropriate onboarding. Past performance is not indicative of future results.

Get Started

Investor Inquiry

How We Work With Clients

Trieste Partners offers its flagship Quantitative Growth strategy and will also manage custom equity portfolios upon request. Advisory services are offered only to clients who have executed an Investment Advisory Agreement and received our Form ADV Part 2A (Firm Brochure), Part 2B (Brochure Supplement), and Form CRS (Client Relationship Summary).

  • Flagship Quantitative Growth strategy, our research-driven long/short growth approach
  • Custom general equity portfolios managed on request, separate from the flagship strategy
  • Client assets held at an independent, qualified custodian, you retain direct ownership of your assets
  • $50,000 minimum to begin onboarding

Onboarding Process

1

Initial Inquiry

Submit the form to express interest and schedule an introductory call

2

Introductory Call

Discuss your objectives and review our Form ADV and disclosure documents

3

Advisory Agreement

Execute the Investment Advisory Agreement and complete identity verification

4

Fund Your Account

Open your account at the qualified custodian and fund it to begin management

Express Interest

Complete this form to begin the onboarding process. Our team will contact you within 24 hours.

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