Sheridan Capital Management, LLC

Sheridan Capital Management, LLC is a wealth-management firm allocating client money, specialised in technology (64% of the long book), running a $189.7M US long book across 31 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: PIMCO MULTISECTOR BOND ACTV, ISHARES RUSSELL 1000 GROWTH, ISHARES CORE U.S. AGGREGATE, VANGUARD MEGA CAP VALUE ETF, PIMCO ACTIVE BOND EXCHANGE-T.

Over the last 9 quarters its long book ran on average 1.1pp 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.