General Investing >> Money Manager Interviews >> January 4, 2021

Respecting the Disrespected: Embracing Out-of-Favor Stocks

Grodnick, Phil
Phil Grodnick founded Minneapolis Portfolio Management Group in 2004. Earlier, he was Senior Portfolio Strategist for Minneapolis Portfolio Management Group at Wachovia Securities and was a Senior Portfolio Management Director at Salomon Smith Barney. Previously, he managed equity and balanced portfolios at Dean Witter Reynolds, where he also was director of the institutional and retail municipal bond departments and assistant branch manager in Minneapolis, Minnesota. Mr. Grodnick oversaw portfolios at EF Hutton & Co., Bache Halsey Stuart and EI DuPont & Co. In 1966, Mr. Grodnick was admitted as an Allied Member of the New York Stock Exchange with Loewi & Co., of which he was a principal. He began his career at Piper Jaffray & Hopwood. Mr. Grodnick is a graduate of the University of Minnesota and the New York Institute of Finance. Profile
Grodnick, Harrison
Harrison Grodnick, CFA, founded Minneapolis Portfolio Management Group in 2004. Earlier, he was Senior Portfolio Manager for Minneapolis Portfolio Management Group at Wachovia Securities. Previously, Mr. Grodnick was an Assistant Account Manager in the institutional trust department of Firstar Bank of Minnesota. Mr. Grodnick has been on the board of directors for several organizations in the Twin Cities, including the Minneapolis Jewish Community Center (JCC) and The Center of the American Experiment, a free-market think tank, which focuses on improving education, strengthening the economy, and reducing poverty and crime in Minnesota. He is also a member of the CFA Society of Minnesota. Mr. Grodnick is a graduate of the University of Wisconsin – Madison with a degree in international relations/global economics and political science. Profile
Britton, Rob
Rob Britton joined Minneapolis Portfolio Management Group in 2011. Earlier, he was a vice president with GLP, an international merchant bank whose minority investors are Goldman Sachs and Oaktree Capital Management. He worked in both London and New York City during his tenure with GLP, where he analyzed and sourced distressed debt and special situation opportunities on behalf of some of the world’s premiere financial institutions. Before joining GLP, he was an investment banker at Citigroup and structured high-yield financings in support of leveraged buyouts. Mr. Britton received an MBA from Columbia Business School with a concentration in finance and economics. He also received a B.A. from the University of Wisconsin – Madison. He is a member of the CFA Society of Minnesota. Profile
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TWST: Could you provide an overview of the firm?

Mr. Harrison Grodnick: I'd be happy to. Minneapolis Portfolio Management Group is a