SEC Filing Summary: Alti Global, Inc. (Form 13F)
Business Context and Reporting Period
Company: Alti Global, Inc.
Filing Type: Form 13F Information Table (Quarterly Report of Holdings)
Reporting Period: Ended June 30, 2024
Business Nature: The filing discloses equity securities held by Alti Global, Inc. as a registered investment manager. The portfolio consists of a diversified mix of individual equities and Exchange Traded Funds (ETFs) across various sectors including Technology, Healthcare, Energy, and Financials.
Key Financial Metrics and Portfolio Composition
Note: Form 13F filings report the value of securities held, not the operating revenue or profit of the reporting company itself.
- Portfolio Structure: The holdings are split between direct equity positions and significant allocations to passive index funds and sector-specific ETFs.
- Top Individual Equity Holdings (by Value):
- Alphabet Inc. (Class A & C): Combined value approx. $361M (Class A) and $103M (Class C).
- Apple Inc.: Combined value approx. $310M.
- Amazon.com Inc.: Combined value approx. $91M.
- Microsoft Corp.: Combined value approx. $104M.
- Alti Global Inc. (Own Stock): Significant holding of Class A shares valued at approx. $772M.
- Top ETF Holdings (by Value):
- iShares Core S&P Mid-Cap ETF: Approx. $374M.
- iShares Core S&P Total Stock Market ETF: Approx. $283M.
- iShares MSCI EAFE ETF: Approx. $521M.
- SPDR Portfolio S&P 400 Mid Cap ETF: Approx. $298M.
- Vanguard Total Stock Market ETF: Approx. $142M.
- Voting Authority: The manager exercises Sole Discretion on the majority of holdings, with Shared or None authority on specific positions.
Material Changes and Observations
Comparison to prior periods is not possible as this text contains only the current period's snapshot.
- Concentration: There is a notable concentration in large-cap technology stocks (Alphabet, Apple, Microsoft, Amazon) and broad market index funds.
- Self-Holding: The manager holds a substantial position in its own stock (Alti Global Inc. Class A), valued at over $770 million, indicating significant skin in the game or a specific corporate treasury strategy.
- Derivatives: The filing lists "Put/Call" columns, but the provided text indicates "DFND" (Defined) or blank for most entries, suggesting a primary focus on long equity positions rather than complex derivative hedging strategies in this specific snapshot.
Guidance, Risks, and Contingencies
Guidance and Outlook: Form 13F filings do not contain management guidance, earnings outlooks, or forward-looking commentary. This document is a statutory disclosure of past holdings.
Risks and Contingencies:
- Market Risk: The portfolio is heavily exposed to U.S. and international equity market fluctuations.
- Concentration Risk: Significant exposure to the Technology sector and specific mega-cap issuers.
- Liquidity: While most holdings are highly liquid public equities, the sheer size of certain positions (e.g., Alti Global Inc. own stock) could impact liquidity in a rapid exit scenario.
Key Facts for Investor Verification
- Verify Own Stock Position: Confirm the strategic rationale for holding approx. $772M of Alti Global Inc. Class A shares within the managed portfolio.
- Check Turnover: Compare this list against the Q1 2024 13F filing to determine the turnover rate and recent trading activity.
- Assess ETF Overlap: Analyze the overlap between the direct equity holdings and the broad market ETFs (e.g., Vanguard Total Stock Market, iShares Core S&P 500) to understand the true active beta exposure.
- Confirm Voting Rights: Review the "Voting Authority" columns to understand the extent of the manager's influence on corporate governance for the top holdings.