Urban Financial Advisory Corp

Urban Financial Advisory Corp is a wealth-management firm allocating client money, running a $282.9M US long book across 57 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: SS SPDR S&P 500 ETF TRUST-US, ISHARES CORE S&P SMALL-CAP E, ISHARES CORE S&P MIDCAP ETF, SCHWAB FNDMNTL US LRG CO ETF, AKRE FOCUS ETF.

Over the last 9 quarters its long book ran on average 1pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.