ADVENTIST HEALTH SYSTEM SUNBELT HEALTHCARE CORP
Strategy in plain words
auto-generated from filingsADVENTIST HEALTH SYSTEM SUNBELT HEALTHCARE CORP is a wealth-management firm allocating client money, specialised in financials (100% of the long book), running a $2.86B US long book across 21 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: ISHARES JP MORGAN USD EMERGI, VANGUARD ULTRA SHORT BOND ET, BONDBLOXX-JPM USD EM MK 1-10, ISHARES CORE S&P 500 ETF, ISHARES CORE INTL STOCK ETF.
Over the last 9 quarters its long book ran on average 1.1pp per quarter behind the S&P 500, beating the index in 5 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/optionsSector allocation
Long book by quarter
What does ADVENTIST HEALTH own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 21 | $2.86B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 24 | $3.36B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 10, 2025 | 22 | $2.30B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 12, 2025 | 20 | $1.30B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 23 | $2.52B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 6, 2025 | 20 | $3.13B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 21 | $2.41B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 20 | $1.99B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 18 | $1.72B | canonical | SEC ↗ |