Constellation Investments, Inc.
Long book
$3.01B
Q1 2026
Positions
19
Top-10 weight
94%
concentration
Last quarter
+10.7%
SPY +14.8%
Turnover
10%
of book per quarter
Strategy in plain words
auto-generated from filingsConstellation Investments, Inc. is a wealth-management firm allocating client money, running a $3.01B US long book across 19 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, ISHARES CORE U.S. AGGREGATE, VANGUARD S&P 500 ETF, VANGUARD TOTAL STOCK MKT ETF, ISHARES CORE S&P TOTAL U.S..
Over the last 6 quarters its long book ran on average 0.8pp 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.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q4 2024
-1.5%
Q1 2025
+7.8%
Q2 2025
+6.2%
Q3 2025
+2.2%
Q4 2025
-2.6%
Q1 2026
+10.7%
Sector allocation
No sector data
Long book by quarter
What does Constellation Investments, 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 | Apr 22, 2026 | 19 | $3.01B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 21, 2026 | 19 | $3.24B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 21, 2025 | 19 | $2.14B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 23, 2025 | 19 | $2.16B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 22, 2025 | 20 | $2.11B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 29, 2025 | 17 | $2.20B | canonical | SEC ↗ |