SEC Filing Summary: Alti Global, Inc. (Form 13F)
Business Context and Reporting Period
Company: Alti Global, Inc.
Filing Type: Form 13F Information Table (Quarterly Holdings Report)
Reporting Period: As of December 31, 2024
Business Nature: The filing discloses equity securities held by the investment manager. The portfolio is heavily diversified, consisting of large-cap U.S. equities, international equities, and a significant allocation to Exchange-Traded Funds (ETFs) covering various sectors, asset classes, and factors.
Key Financial Metrics and Portfolio Composition
Note: Form 13F filings report holdings by share count and value but do not disclose the company's own revenue, profit, cash flow, or debt. The following metrics reflect the reported portfolio holdings.
- Top Equity Holdings (by Value):
- Alti Global Inc. (Own Stock): 742,995 shares (Sole Discretion) + 74,432 shares (Shared/Other). Total Value approx. $3.6M.
- Exxon Mobil Corp: 953,432 shares (Sole Discretion) + 72,081 shares (Shared). Total Value approx. $102.6M.
- Apple Inc: 155,167 shares (Sole Discretion) + 142,633 shares (Shared). Total Value approx. $71.7M.
- Alphabet Inc (Class A & C): Combined holdings exceed 300,000 shares with a total value exceeding $200M.
- Amazon.com Inc: 61,638 shares (Sole Discretion) + 33,929 shares (Shared). Total Value approx. $20.1M.
- Significant ETF Allocations:
- iShares Core S&P Mid-Cap ETF (IJH): 6,050,703 shares (Sole Discretion) valued at approx. $377M.
- iShares Core S&P Total Stock Market ETF (ITOT): 2,383,126 shares (Sole Discretion) valued at approx. $306M.
- SPDR Portfolio S&P 500 ETF (SPLG): 5,390,397 shares (Sole Discretion) valued at approx. $294M.
- iShares MSCI EAFE ETF (EFA): 7,322,232 shares (Sole Discretion) valued at approx. $553M.
- Notable Sector Exposure: Significant holdings in Energy (Exxon, Chevron, Diamondback), Technology (Apple, Microsoft, NVIDIA, Alphabet), and Financials (JPMorgan, Bank of America).
Material Changes and Voting Authority
The filing distinguishes between "Sole," "Shared," and "None" voting authority. A substantial portion of the portfolio is held with Sole Discretion, indicating direct management control over these assets. Other positions are held with Shared Discretion, likely representing client-directed accounts or co-managed funds. The filing does not provide a comparative table to the prior quarter (September 30, 2024), so specific net purchases or sales cannot be calculated from this text alone.
Guidance, Risks, and Contingencies
Management Commentary: None provided in this filing. Form 13F is a statutory disclosure of holdings and does not contain forward-looking guidance or management discussion.
Risks: The portfolio is exposed to broad market volatility given the heavy weighting in large-cap equities and broad market ETFs. Specific concentration risks exist in the Energy sector and the company's own stock (Alti Global Inc.).
Unusual Items: The filing includes holdings in cryptocurrency-related ETFs (e.g., Grayscale Ethereum Trust, Fidelity Wise Origin Bitcoin) and specialized thematic ETFs (e.g., Robotics, Copper, Video Gaming).
Investor Verification Checklist
- Verify Total AUM: Sum the values of all reported holdings to estimate the total assets under management for the period.
- Check Concentration: Confirm the percentage of the portfolio held in the top 10 positions (notably Exxon, Apple, and the major S&P 500/Mid-Cap ETFs).
- Review Own Stock Position: Verify the size of the position in Alti Global Inc. (Class A) relative to the total portfolio to assess insider confidence or liquidity needs.
- Compare to Prior Quarter: Cross-reference with the Q3 2024 13F filing to identify specific trades (buys/sells) made during Q4 2024.
- Assess ETF Overlap: Analyze the overlap between the individual stock holdings and the broad market ETFs to determine true active vs. passive exposure.