Standpoint Asset Management, LLC

Standpoint Asset Management, LLC is a wealth-management firm allocating client money, running a $412.3M US long book across 8 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 CORE S&P 500 ETF, VANGUARD S&P 500 ETF, SCHWAB US LARGE-CAP ETF, STE STR SPDR PT S&P 500 ETF, ISHARES CORE MSCI DEV MKTS.

Over the last 9 quarters its long book ran on average 0pp per quarter ahead of the S&P 500, beating the index in 5 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.