Equal-WT
WhaleScore 2.0
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Castellan Group is based out of Louisville. Castellan Group is a hedge fund with 20 clients and discretionary assets under management (AUM) of $353,473,345 (Form ADV from 2024-03-29). Their last reported 13F filing for Q2 2024 included $210,060,860 in managed 13F securities
and a top 10 holdings concentration of 32.94%. Castellan Group's largest holding is Microsoft Corp. with shares held of 20,102. Whalewisdom has at least 16 13F filings
Business Description
CASTELLAN is a limited liability company formed in 2018 and registered as an investment advisor with the Securities and Exchange Commission. It is principally owned by two Grantor Trusts, CASTELLAN WHY Trust and CASTELLAN Endeavor Trust, with 100% of income in trusts distributing to charitable organizations. CASTELLAN specializes in providing services for ultra-high net worth families with multi-generational wealth, partnering with them to provide accountable stewardship of all their resources with the goal of simplifying their lives and improving their returns.
CASTELLAN uses a rigorous, disciplined, and transparent process to construct an investment strategy tailored to each individual and family's investment objectives, risk, and financial situation. Portfolios are managed using alternative investments, in addition to their investment strategies, which are discussed in further detail in Item Eight. CASTELLAN collaborates with client's advisory teams, coordinating information flow among attorneys, accountants, insurance advisers, and others. They believe this alliance facilitates the development of customized solutions for their clients' challenges and opportunities. Clients can place reasonable restrictions on the types of investments held in their portfolio, and portfolios are managed on a discretionary basis, meaning CASTELLAN buys and sells securities in client accounts without prior approval.
Investment Strategy
CASTELLAN offers two main investment strategies: VolPar™ and Targeted Equity. VolPar™ is a passive asset allocation strategy inspired by risk parity. It aims to achieve robustness by diversifying across equities, fixed income, and commodities, rebalanced quarterly. This strategy seeks to avoid fluctuations from macroeconomic changes and deliver higher geometric returns.
Targeted Equity is a value momentum strategy that focuses on equities exhibiting positive earnings revisions. These equities are chosen based on momentum, quality, and value factors. The strategy undergoes a qualitative review and monitors buy and sell signals daily.
Owners
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Known Email Addresses
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2024-06-30
Top Buys (13F)
| Name | % Change |
|---|---|
| THC Tenet Healthcare Cor | 2.84% |
| HALO Halozyme Therapeutic | 2.72% |
| GAP Gap, Inc. | 2.51% |
| KBH KB Home Inc. | 2.51% |
| VST Vistra Energy Corp | 2.47% |
2024-06-30
Top Sells (13F)
| Name | % Change |
|---|---|
| DFH Dream Finders Homes | 3.18% |
| BLDR Builders FirstSource | 2.98% |
| LECO Lincoln Electric Hol | 2.78% |
| MUSA Murphy USA Inc | 2.71% |
| ATKR Atkore Inc | 2.63% |
2024-06-30
13F Holdings Summary
| Name | $ Change |
|---|---|
| MSFT Microsoft Corp. | 4.28% |
| FTAI FTAI Aviation Ltd | 4.2% |
| MOD Modine Manufacturing | 3.5% |
| MEDP Medpace Holdings Inc | 3.3% |
| KLAC KLA Corp | 3.16% |
2024-06-30
13F Activity
| Market Value | $210m, Prior: $195m |
| Inflows (Outflows) as % of Total MV | +0.6751% |
| New Purchases | 10 stocks |
| Added To | 33 stocks |
| Sold out of | 10 stocks |
| Reduced holdings in | 13 stocks |
| Top 10 Holdings % | 32.94% |
| Turnover %[1] | 28.99% |
| Turnover Alt %[2] | 25.03% |
| Time Held Top 20 | 3.2 quarters |
| Time Held Top 10 | 2.2 quarters |
| Time Held All | 6.41 quarters |
[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.
[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.
2024-06-30
13F Sector Allocation Over Time
limited to past 4 quarters. Subscribe to see all available data
2024-06-30
Analysis
Top 20 equal-weighted holdings. Performance numbers calculated through 2024-06-30