Bank of New York Mellon Corp

Bank of New York Mellon’s active, growth-oriented strategy with very low turnover reflects a long-term, conviction-driven approach centered on high-conviction mega-cap technology stocks. The portfolio’s top 15 holdings, led by NVIDIA at 4.9% and Apple at 4.3%, account for over 28% of assets, with a pronounced overweight in Technology (25.3%) and a combined 11.9% exposure to Communication Services and Consumer Cyclical through names like Alphabet, Meta, Amazon, and Tesla. This concentrated positioning, alongside a broad AUM base of approximately $544 billion spread across over 33,700 positions, reveals a strategy that blends a core set of high-growth leaders with extensive diversification to manage risk while maintaining a clear tilt toward innovation and market leaders.