Stadion Money Management, LLC

Stadion Money Management, LLC is a wealth-management firm allocating client money, running a $994.4M US long book across 26 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: STE STR SPDR PT S&P 500 ETF, STE STR SPDR PT DW EU ETF, BNY MELLON US LRG CAP COR, STATE STREET SP PTF EM ETF, DIMENSIONAL INTERNATIONAL CO.

Over the last 9 quarters its long book ran on average 0.7pp 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.