Mr. Leonard is the founder of Pacifica Capital Investments. The firm is dedicated to implementing the same value-based investment philosophy in public equities that he has deployed so successfully in commercial real estate.
By concentrating holdings in the best managed companies, investing in only businesses it understands well, and buying stock only when priced at a discount to intrinsic value, Pacifica has generated an impressive track record that has attracted approximately 150 clients and families. Mr. Leonard is Pacifica’s biggest investor in a portfolio valued at over $260 million that also includes the investable assets of Pacifica’s other key executives.