Fifth Third Securities, Inc.

Fifth Third Securities, Inc. is a wealth-management firm allocating client money, specialised in financials (100% of the long book), running a $1.55B US long book across 341 positions.

The portfolio is moderately concentrated (top 10 ≈ 28% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: INVESCO QQQ TRUST SERIES 1, VANGUARD S&P 500 ETF, ISHARES CORE S&P 500 ETF, SS SPDR S&P 500 ETF TRUST-US, VANGUARD TOTAL STOCK MKT ETF.

Over the last 9 quarters its long book ran on average 0.6pp 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.