HICKS CAPITAL MANAGEMENT LLC

HICKS CAPITAL MANAGEMENT LLC is a wealth-management firm allocating client money, specialised in financials (100% of the long book), running a $100.0M US long book across 37 positions.

The portfolio is concentrated: the top 10 names carry 74% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: ISHARES CORE S&P 500 ETF, FIDELITY TOTAL BOND ETF, FIDELITY ENHANCED INTL ETF, ISHARES CORE S&P MIDCAP ETF, JPMORGAN CHASE & CO.

Over the last 5 quarters its long book ran on average 1pp per quarter behind the S&P 500, beating the index in 1 of 5 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.