Empire Life Investments Inc.

Empire Life Investments Inc. manages a $1.65B, 110-name 13F whose defining characteristic is concentrated single-stock selection across a quality-and-growth filter. The portfolio's largest positions — Vanguard S&P 500 (VOO, 5.8%), Alphabet (GOOG, 5.0%), Amazon (AMZN, 4.4%), Microsoft (MSFT, 4.3%), and Apple (AAPL, 3.8%) — together represent 23.3% of the book in a tech-forward core, with the bifurcated Alphabet Class C position (GOOG at 5.0%, with GOOGL also held separately) guiding readers to aggregate the total Google exposure across CUSIPs. Outside the ETF anchor, the single-stock sleeve tilts toward large-cap technology and communication names held at 2-6% weights — a concentration level that is deliberate and conviction-driven. The Q1 rotation is one of the most active in this batch: six new initiations spanning energy infrastructure (Valero, EQT), professional services (Accenture), healthcare IT (Veeva), cybersecurity (CrowdStrike), and consumer-defensive tobacco (Altria), alongside 25 position increases and 16 decreases across 53 total changes. The increases — NEM (Newmont gold mining), EOG (energy), TXN (Texas Instruments), KO (Coca-Cola) — confirm the manager was adding to existing quality positions, not simply recycling proceeds. With whaleScore of 58 across 110 names averaging $15M per position, this is a concentrated quality allocator that warrants smart-money attention.