Addis & Hill, Inc
Long book
$164.4M
Q1 2026
Positions
27
Top-10 weight
91%
concentration
Last quarter
+12.5%
SPY +14.8%
Turnover
0%
of book per quarter
Strategy in plain words
auto-generated from filingsAddis & Hill, Inc is a wealth-management firm allocating client money, specialised in utilities (83% of the long book), running a $164.4M US long book across 27 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: VANGUARD LARGE-CAP ETF, VANGUARD TOTAL STOCK MKT ETF, VANGUARD FTSE PACIFIC ETF, VANGUARD MID-CAP ETF, ISHARES CORE U.S. AGGREGATE.
Over the last 9 quarters its long book ran on average 0.5pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+1.0%
Q2 2024
+7.5%
Q3 2024
-0.5%
Q4 2024
-2.2%
Q1 2025
+9.2%
Q2 2025
+6.8%
Q3 2025
+2.5%
Q4 2025
-0.7%
Q1 2026
+12.5%
Sector allocation
Utilities 83%
Energy 7%
Other 4%
Healthcare 3%
Technology 3%
Long book by quarter
What does Addis & own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| ET ENERGY TRANSFER LP | Utilities | 75.7K | $1.5M | 0.9% | -3.4% |
| TRGP TARGA RESOURCES CORP | Utilities | 5.5K | $1.4M | 0.8% | -1.6% |
| CEG CONSTELLATION ENERGY | Utilities | 3.4K | $954K | 0.6% | Held |
| WMB WILLIAMS COS INC | Utilities | 12.0K | $872K | 0.5% | -1.8% |
| AROC ARCHROCK INC | Utilities | 23.2K | $806K | 0.5% | -7.7% |
| EPD ENTERPRISE PRODUCTS PARTNERS | Utilities | 20.7K | $783K | 0.5% | -5.1% |
| KMI KINDER MORGAN INC | Utilities | 22.6K | $758K | 0.5% | -3.2% |
| MPLX MPLX LP | Energy | 12.2K | $693K | 0.4% | -4.0% |
| OKE ONEOK INC | Utilities | 7.6K | $687K | 0.4% | -3.5% |
| EXC EXELON CORP | Utilities | 9.9K | $485K | 0.3% | Held |
| FBIN FORTUNE BRANDS INNOVATIONS I | Other | 8.9K | $345K | 0.2% | Held |
| NMRA NEUMORA THERAPEUTICS INC | Healthcare | 163.4K | $319K | 0.2% | Held |
| TXN TEXAS INSTRUMENTS INC | Technology | 1.5K | $298K | 0.2% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 16, 2026 | 27 | $164.4M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 6, 2026 | 27 | $165.1M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 17, 2025 | 27 | $164.0M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 11, 2025 | 27 | $153.1M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 10, 2025 | 28 | $143.2M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 31, 2025 | 23 | $135.3M | $K fixed canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 28, 2024 | 28 | $130.5M | $K fixed canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 18, 2024 | 23 | $120.0M | $K fixed canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 23, 2024 | 27 | $117.2M | $K fixed canonical | SEC ↗ |
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