Mesirow Financial Investment Management, Inc.

Key Holdings

The portfolio is top-heavy regarding individual stock selection, with Berkshire Hathaway (BRK/B) standing as the single largest equity holding at $484.58 million, representing 8.67% of the total portfolio. This significant allocation underscores a strong conviction in value-oriented financial management and stability. Following Berkshire, the top individual stock positions are dominated by the technology sector's "Magnificent Seven," with Apple Inc. (AAPL) at $268.21 million (4.80%) and Microsoft Corp (MSFT) at $171.22 million (3.06%).

Beyond individual equities, the portfolio relies heavily on ETFs to achieve scale and liquidity. Notably, the VanEck Vectors Morningstar Wide Moat ETF (MOAT) is the third-largest position at $260.39 million (4.66%), signaling a preference for companies with sustainable competitive advantages. Additionally, the iShares Core S&P Small-Cap ETF (IJR) holds a substantial weight of $175.65 million (3.14%), indicating a tactical tilt toward small-cap equities, likely seeking growth potential or valuation upside often found in smaller companies compared to large-cap peers.