PACIFIC FINANCIAL GROUP INC

PACIFIC FINANCIAL GROUP INC is a wealth-management firm allocating client money, specialised in financials (100% of the long book), running a $185.6M US long book across 87 positions.

The portfolio is moderately concentrated (top 10 ≈ 48% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: ISHARES CORE S&P 500 ETF, INVESCO QQQ TRUST SERIES 1, ISHARES S&P 500 GROWTH ETF, SS SPDR S&P 500 ETF TRUST-US, ISHARES CORE S&P SMALL-CAP E.

Over the last 9 quarters its long book ran on average 0.5pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.