Revere Asset Management, Inc

Revere Asset Management, Inc is a wealth-management firm allocating client money, specialised in technology (87% of the long book), running a $195.2M US long book across 27 positions.

The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: STE STR SPDR PT S&P 500 ETF, PROSHARES ULTRASHORT S&P500, PROSHARES ULTRAPRO S&P 500, ISHARES 0-3 MONTH TREASURY B, PROSH ULTRAPRO SHORT S&P 500.

Over the last 9 quarters its long book ran on average 1.7pp per quarter behind the S&P 500, beating the index in 2 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.