SOFI WEALTH, LLC

SOFI WEALTH, LLC is a wealth-management firm allocating client money, specialised in financials (100% of the long book), running a $2.08B US long book across 52 positions.

The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: ISHARES S&P 500 GROWTH ETF, SOFI SELECT 500 ETF, ISHARES CORE S&P 500 ETF, ISHRS US E F R A ETF-USD INC, ISHARES S&P 500 VALUE ETF.

Over the last 9 quarters its long book ran on average 1pp 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.