Jordan Fogarty

Granite State Capital Management, LLC

Granite State Capital Management, LLC (GSCM) is a value-oriented registered investment advisor founded by Eric Schleien. GSCM maintains a focus but is not limited to, identifying opportunities among ignored and obscure securities that tend to be either undiscovered or misunderstood by the wider market. We focus on this area due to the high barriers to entry and low competition market environment leading to more inefficiently priced securities. Large hedge funds and institutions will often not be willing or able to look in these areas leading to higher inefficiencies. GSCM employs a long-only, value-oriented approach specializing in unconventional securities due to the higher nature of inefficiencies. While not confined to this approach and will seek value wherever we can find it, as long as capital continues to flows to index funds where the largest securities get a disproportionate amount of capital — we expect to continue to find the most value in mostly non-indexed securities.