Atlas Asset Management · ZISIF §15

Patient capital,
concentrated in conviction.

Atlas Asset Management is a registered §15 ZISIF entity managing two long-only equity vehicles for qualified investors — the Atlas AM ZISIF15 vehicle and the KI AM portfolio. We compound capital through a small number of carefully chosen positions, held for years.

Long-only equity Qualified investors only 3–7 year horizon 15–25 positions
Vehicles under management
Vehicle I · ZISIF §15
Atlas AM ZISIF15
primary vehicle
The flagship investment vehicle administered by Atlas Asset Management as a §15 ZISIF registered person. Concentrated long-only equity portfolio combining SMID compounders, emerging-markets exposure and selective equity stories. Open exclusively to qualified investors under Czech ZISIF law.
Mandatelong-only equity
Annual return target20%+
BenchmarkMSCI EM SMID (EEMS)
Investor basequalified investors
Vehicle II · Managed portfolio
KI AM
managed for klub investorů
Portfolio managed by Atlas Asset Management on behalf of Klub Investorů (KI). Same investment philosophy and rules of engagement as the ZISIF15 vehicle — concentrated, long-only, fundamentals-led. Sized and rebalanced according to the client mandate.
Mandatelong-only equity
Styleconcentrated · long horizon
Methodologyshared with ZISIF15
ClientKlub Investorů
Mandate at a glance
20%+
annual return target
3–7yr
holding horizon per position
15–25
target number of positions
10%
hard cost-basis cap per position
Investment universe — three pillars
60–70%
SMID Caps
Pillar I · Core compounders
Market cap ceiling€25B
Revenue CAGR floor15%+
Founder-led / mentalitypreferred
Horizon2–5+ years
tech infra fintech automation
20–30%
Emerging Markets
Pillar II · Geographic edge
Focus regionsCEE / LATAM / Asia
Listing preferencedual-listed EUR/USD
Edgelanguage & coverage gap
Horizon3–5 years
CEE LATAM Asia
10–15%
Equity Stories
Pillar III · Catalyst
Profileevent-driven · binary
Position size2–5% sized small
Catalystspecific & near-term
Horizon< 2 years typically
spin-offs turnarounds special situations
Explore further
Document I
Investment
Strategy
Mandate, three-pillar universe, quality filters and the full investment process — from radar to position.
Read · 8 sections →
Document II
Portfolio
Management
Position sizing, conviction tiers, lifecycle from radar to exit, cash discipline and rebalancing rules.
Read · interactive →
Track record
Performance
& Reporting
Vehicle returns, benchmark comparison and reporting cadence for both Atlas AM ZISIF15 and the KI AM portfolio.
Quarterly →
Hard constraints
No leverage — ever HARD
No short selling HARD
No stop-loss orders — fundamentals govern exits HARD
Max 10% per position at cost basis CAP
Trim above 20% market-value share CAP
Permanent 10% cash floor — opportunity reserve FLOOR
House principles

"Concentration with conviction. Years, not quarters. Cash is a position, not a residue."

— Atlas AM · investment philosophy
Time horizonyears, not quarters
Decision countfew, sized correctly
Rebalancingfundamental, never calendar
Reporting cadencequarterly to investors
Mandate reviewsemi-annual

"If an undervalued name falls while the fundamentals are unchanged, that is an opportunity to buy more on sale."

— Atlas AM · drawdown discipline