Envestnet Asset Management Inc

Envestnet Asset Management employs an active growth style with a very low turnover discipline, reflecting a long-term, conviction-driven approach. The portfolio is highly diversified across over 4,700 positions and $373.6 billion in AUM, yet the top 15 holdings account for only 24.9% of assets, with the largest being iShares ETFs—IVV alone at 5.8%. A striking 69.9% of sector allocation is unclassified, indicating heavy use of broad-based index ETFs, while explicit technology exposure is just 7.7% and individual stock positions like Microsoft (1.2%) and Nvidia (1.1%) remain modest. This composition reveals a strategy that blends passive core positioning with selective active tilts, prioritizing broad market exposure over concentrated bets, and maintaining significant flexibility to adjust sector and factor exposures through the large unclassified segment.