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 Institutional Investment Managers)
Reporting Period: As of March 31, 2025
Context: This filing discloses the equity securities held by Alti Global, Inc. at the end of the first quarter of 2025. The data reflects holdings across various asset classes, including individual equities, exchange-traded funds (ETFs), and derivatives.
Key Financial Metrics and Portfolio Composition
Note: Form 13F filings report share counts and approximate market values of holdings, not the company's own revenue, profit, or cash flow.
- Top Equity Holdings (by Share Count):
- Alti Global Inc. (Own Stock): 773,167 shares (Combined Sole/Shared Discretion).
- Exxon Mobil Corp: 962,818 shares.
- Apple Inc: 283,400 shares.
- Alphabet Inc (Class A & C): 333,641 shares (Class A) and 84,362 shares (Class C).
- Microsoft Corp: 79,396 shares.
- Significant ETF Exposure:
- iShares Core S&P Total Stock Market ETF (ITOT): 2,542,030 shares.
- iShares Core S&P 500 ETF (IVV): 279,435 shares.
- iShares MSCI EAFE ETF (EFA): 5,797,378 shares.
- SPDR Portfolio S&P 500 ETF (SPLG): 5,348,873 shares.
- Notable Sector Concentrations:
- Energy: Significant positions in Exxon Mobil, Chevron, and energy-focused ETFs (e.g., First Trust Energy Income Fund).
- Technology: Heavy weighting in mega-cap tech (Apple, Microsoft, Alphabet, NVIDIA, Meta).
- Financials: Holdings in JPMorgan Chase, Bank of America, and BlackRock.
Material Changes and Voting Authority
The filing details voting authority for each position, categorized as Sole, Shared, or None.
- Discretionary Authority: The majority of positions are held with "Sole" or "Shared" discretion, indicating active management or co-management of these assets.
- Derivatives: The filing includes positions in call options (e.g., Alphabet, Amazon, Chevron) and put options, though specific strike prices and expiration dates are not detailed in the summary table.
- Self-Holding: Alti Global maintains a substantial position in its own Class A common stock (773,167 shares total), with 549,864 shares under sole discretion and 37,216 shares under shared discretion.
The filing text does not provide comparative data for the prior quarter (December 31, 2024) to calculate specific material changes in holdings.
Guidance, Outlook, and Risks
Management Commentary: Form 13F filings are statutory disclosures and do not contain management commentary, forward-looking guidance, or strategic outlooks.
Risks and Contingencies: No specific risks or contingencies are disclosed in this document. The filing serves solely to report holdings as required by the Securities Exchange Act of 1934.
Key Facts for Investor Verification
- Self-Ownership: Verify the extent of Alti Global's ownership in its own stock (approx. 773k shares) to assess insider confidence or potential liquidity constraints.
- Concentration Risk: Assess the portfolio's heavy reliance on large-cap technology and energy sectors, which may increase volatility exposure.
- ETF vs. Stock Strategy: Note the significant allocation to broad market ETFs (e.g., iShares, SPDR) versus individual stock picking, suggesting a passive or hybrid investment strategy.
- Derivative Usage: Investigate the specific terms of the call and put options held (e.g., Alphabet, Amazon) to understand hedging strategies or leveraged bets.
- Valuation Accuracy: The "Value" column in the filing is an approximation; verify current market prices for accurate portfolio valuation.