ALPHA CAPITAL ADVISORS INC /ADV

ALPHA CAPITAL ADVISORS INC /ADV is a wealth-management firm allocating client money, specialised in technology (62% of the long book), running a $105.1M US long book across 32 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: SS SPDR P S&P 500 GROWTH ETF, SS SPDR P S&P 500 VALUE ETF, ISHARES MSCI USA MIN VOL FAC, ISHARES MSCI EAFE MIN VOL FA, CAP GROUP CORE PLUS INCOME.

Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.