Business Context and Reporting Period
Company: Alti Global, Inc.
Filing Type: Form 13F Information Table (Quarterly Report of Holdings)
Reporting Period: The filing lists holdings as of the period ending December 31, 2023 (based on the "2023" label in the ETF Series Trust entry and standard 13F filing cycles), despite the metadata request indicating "2025 Dec 31". The document does not contain a specific filing date header, but the data reflects a snapshot of equity holdings.
Business Context: Alti Global, Inc. is a registered investment adviser reporting its holdings in equity securities. The portfolio is heavily diversified across large-cap U.S. equities, Exchange-Traded Funds (ETFs), and international securities. The firm holds significant positions in technology, healthcare, financials, and energy sectors.
Key Financial Metrics and Portfolio Composition
Revenue, Profit, Cash Flow, Margins, Debt, Liquidity: This filing is a Form 13F, which discloses long-only equity holdings. It does not provide financial performance metrics such as revenue, profit, cash flow, margins, debt, or liquidity for Alti Global, Inc. itself. It only lists the market value and share counts of the securities held.
Top Holdings by Value (Selected)
| Issuer | Class | Shares Held | Value (USD) | Voting Authority |
|---|---|---|---|---|
| Alti Global Inc | CL A | 773,174 | $3,586,412 | Sole: 549,871 / Shared: 148,871 / None: 37,216 |
| Exxon Mobil Corp | COM | 964,894 | $116,115,430 | Sole: 895,212 / None: 43,405 |
| Apple Inc | COM | 289,981 | $78,834,599 | Sole: 102,126 / None: 141,382 / Shared: 46,473 |
| Alphabet Inc (Class A) | CAP STK CL A | 250,320 | $78,349,920 | Sole: 42,188 / None: 37,306 / Shared: 170,826 |
| Alphabet Inc (Class C) | CAP STK CL C | 84,096 | $26,388,797 | Sole: 30,787 / None: 14,856 / Shared: 38,453 |
| Amazon.com Inc | COM | 89,931 | $20,758,071 | Sole: 43,499 / None: 34,600 / Shared: 11,832 |
| Microsoft Corp | COM | 81,118 | $39,230,522 | Sole: 44,886 / None: 29,239 / Shared: 6,993 |
| Nvidia Corp | COM | 103,624 | $19,325,989 | Sole: 22,555 / None: 65,264 / Shared: 15,805 |
| First Tr Exchange-Traded Fd Energy Income | Partnership | 4,423,773 | $116,964,666 | Sole: 3,438,949 / None: 699,765 / Shared: 285,059 |
| First Tr Exchange-Traded Fd No Amer Energy | Partnership | 3,154,755 | $116,212,425 | Sole: 2,273,698 / None: 595,998 / Shared: 285,059 |
Material Changes and Portfolio Strategy
Material Changes: As this is a static snapshot of holdings, specific period-over-period changes (e.g., "bought X shares since last quarter") cannot be calculated without the prior filing. However, the presence of significant "Shared" and "None" voting authority indicates the firm manages assets for clients where it does not have sole discretion over all shares.
Portfolio Strategy:
- Concentration: Significant exposure to large-cap technology (Apple, Microsoft, Alphabet, Nvidia, Amazon) and energy (Exxon Mobil, Chevron, Energy Income ETFs).
- ETF Usage: Heavy utilization of ETFs for broad market exposure (S&P 500, Total Stock Market, International) and sector-specific bets (Energy, Semiconductors, Gold, Bitcoin).
- Self-Holding: The firm holds a substantial position in its own stock (Alti Global Inc), totaling over $3.5 million in value.
Guidance, Outlook, and Risks
Guidance and Outlook: Form 13F filings do not contain management commentary, forward-looking guidance, or strategic outlooks. The document is purely a regulatory disclosure of holdings.
Risks and Contingencies:
- Market Risk: The portfolio is heavily weighted toward equities, exposing it to general market volatility.
- Concentration Risk: Top holdings (Exxon, Apple, Alphabet, Amazon, Microsoft) represent a significant portion of the reported value.
- Regulatory Risk: The filing includes a standard disclaimer that the SEC has not reviewed the information for accuracy or completeness.
Important Facts for Investor Verification
- Reporting Date Discrepancy: Verify the actual filing date. The metadata suggests "2025 Dec 31," but the data content (e.g., "2023 ETF Series Trust") and standard 13F cycles suggest this may be a 2023 or 2024 filing. Investors should confirm the specific quarter reported.
- Voting Authority Split: Note the distinction between "Sole," "Shared," and "None" voting authority. Alti Global does not have sole control over all reported shares, indicating a mix of proprietary and client-managed assets.
- Self-Ownership: The firm holds a significant stake in its own common stock (Alti Global Inc), which may align management interests with shareholders but also represents a concentration risk.
- Energy Exposure: The portfolio has massive exposure to energy via direct holdings (Exxon, Chevron) and specialized ETFs (First Trust Energy Income Partners, First Trust No American Energy). This sector concentration is a key risk factor.
- Cryptocurrency Exposure: The firm holds positions in Bitcoin-related ETFs (Fidelity Wise Origin Bitcoin, Ishares Bitcoin Trust), indicating exposure to digital asset volatility.