LongView Asset Management LLC

The portfolio is heavily skewed toward fund-based investments rather than individual equities. Approximately 50.2% of the portfolio's value is classified under "ETF" or "Unknown" (largely comprising trust and ETF structures), suggesting a core-satellite approach where the manager relies on specialized funds for beta and factor exposure while using individual stocks for tactical opportunities. The high turnover rate this quarter—characterized by 22 exits and 7 new positions—signals an active management style focused on optimizing exposure and cutting underperforming legacy positions.

Key Holdings

The portfolio is dominated by Dimensional ETF Trust and Morgan Stanley ETF Trust products, which occupy the top seven positions. This indicates a strong reliance on factor-based investing (such as value, size, or profitability factors) rather than traditional market-cap weighting.