Ally Invest Advisors Inc.

Ally Invest Advisors Inc. is a wealth-management firm allocating client money, running a $1.49B US long book across 75 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: ISHARES CORE S&P 500 ETF, VANGUARD FTSE DEVELOPED ETF, VANGUARD TOTAL INTL BOND ETF, ISHARES 7-10 YEAR TREASURY B, ISHARES CORE S&P MIDCAP 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 4 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.