Oxbow Advisors, LLC
$1.2B in tracked AUM across 245 positions as of Q1 2026.
Oxbow Advisors’ $1.18B book underwent a significant sector rotation in Q1 2026: the manager reduced its big-tech trifecta, slashed precious-metals exposure, and redeployed into energy, domestic financials, and gold miners. Apple, Alphabet, and Microsoft were all trimmed—AAPL down 19% to $26.3M, GOOG down 32% to $25.3M, and MSFT down 21% to $22.8M—while the iShares SLV silver trust was nearly halved (-53.7%) and IAU gold reduced 15%. New money instead flowed into PROSPERITY BANCSHARES ($20.3M), MATADOR RESOURCES ($10.3M), PETROBRAS ($9.3M), and ALAMOS GOLD ($8.8M). Curiously, the largest position remains the Vanguard Institutional Broad Market Index Fund (VBIL) at 14.7%, which Oxbow actually increased by a third—suggesting the active equity sleeve sits on top of a meaningful index core. The portfolio’s sector tilt shifted toward financials and energy, while healthcare saw selective new names like ASTRAZENECA enter and Bristol-Myers exit entirely.
Quarter at a glance — Q1 2026
Position-change comparison pending.
Top 10 holdings
By portfolio weight as of Q1 2026.