Porter White Investment Advisors, Inc.

Porter White Investment Advisors, Inc. is a wealth-management firm allocating client money, running a $249.7M US long book across 40 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: DIMENSIONAL US CORE EQUITY 2, DIMENSIONAL US MARKETWIDE VA, AVANTIS US SMALL CAP VALUE, DIMENSIONAL WORLD EX US CORE, AVANTIS INTL S/C VALUE 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.