We HOLD stocks that meet expectations Key Variables: Continued strong fundamentals Superior growth prospects Retains market leadership Improving efficiency & effectivness		We TRIM holdings If stock exceeds 6% of portfolio If industry weighting exceeds the greater of 25% or 1.3x that of the Russell 1000 Growth
We SELL stocks not meeting expectactions Key Variables: Deteriorating fundamentals Inability to adapt to changing market conditions Contracting EPS growth Legal or regulatory problems Problematic qualitative changes