Christian Investment Advisors, Inc.

Christian Investment Advisors, Inc. is a wealth-management firm allocating client money, specialised in energy (100% of the long book), running a $158.2M US long book across 12 positions.

The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: PIMCO ACTIVE BOND EXCHANGE-T, TIMOTHY PLN US LRG/MID CAP, INSPIRE 500 ETF, TIMOTHY PLAN HIGH DVD STCK, VANGUARD TOTAL INTL BOND ETF.

Over the last 6 quarters its long book ran on average 1.1pp per quarter behind the S&P 500, beating the index in 2 of 6 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.