Harbor Island Capital LLC

Harbor Island Capital LLC is an investment firm founded in January 1999 by Paul Fortin, managing approximately $165.7 million as of December 31, 2022, with a focus on personalized portfolio management for high-net-worth individuals and trusts. The firm employs a fundamental, value-based investment philosophy primarily in equities, constructing individual portfolios with 10-25 companies. Clients can impose reasonable restrictions on account management, and the firm aims for a fully invested posture, with the option to use modest leverage. Fees are charged as a percentage of assets under management, ranging from 1.25% to 1.00%, paid quarterly. The firm does not charge performance fees and primarily serves high-net-worth individuals and legal entities. Investment decisions are based on internal research and qualitative assessments, with a focus on long-term value creation. The firm reviews client accounts daily and provides quarterly reports. Clients' assets are held with unaffiliated custodians, and the firm typically manages accounts on a discretionary basis, with clients having the authority to direct brokerage. The firm votes proxies on behalf of clients in their best interest and does not file proof of claims in class action settlements. Paul Fortin, the owner, has no disciplinary history and supervises all advisory activities.