Team Hewins, LLC

Team Hewins, LLC is a wealth-management firm allocating client money, specialised in financials (64% of the long book), running a $336.5M US long book across 41 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: DIMENSIONAL INTERNATIONAL VA, DIMENSIONAL US TARGET VALUE, DIMENSIONAL US MARKETWIDE VA, AVANTIS US SMALL CAP VALUE, DIM US LARGE CAP VALUE ETF.

Over the last 9 quarters its long book ran on average 0.2pp 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.