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Equibles

MAI Capital Management

Registered adviser
Location
INDEPENDENCE, OH
Portfolio Value
Large $26,572,928,787
Diversification
Diversified
Reports for
EVOKE WEALTH, LLC
Files via
EVOKE WEALTH, LLC
Filing Date
Global Rank
#294 / 8,819 ▲ 46
Top Industry
Semiconductors 12.4%
Period ended 4 months ago
Filed Aug 14, 2026 · 3mo
26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type
Registered adviser
Form ADV roster, Oct 1, 2026
Form ADV adviser
CRD 109807
Roster of Oct 1, 2026
Regulatory AUM
$52,101,252,111
Main clients
Individuals and high net worth (66% of AUM)
Private funds
33 funds · Private equity funds
Focus by fund count, roster of Oct 1, 2026
$841,295,139 gross assets
Registered funds advised
1 series (0 index, 0 ETFs)
$222,700,051 net assets· N-CEN Aug 31, 2025
LEI
5493000NYSOXWHW8FS09
Private funds on Schedule D 7.B.(1)
As filed Sep 26, 2024; SEC's bulk Form ADV archive ends with 2024 filings.
$482,298,195 gross assets in 30 funds Real estate funds $338,981,213 (10) Private equity funds $138,545,472 (19) Hedge funds $4,771,510 (1)
Form ADV history
Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.
Rosters Regulatory AUM Main clients
Apr 2026 to Oct 2026 $52,101,252,111 Individuals and high net worth (66%)
Apr 2025 to Mar 2026 $29,630,499,856 Individuals and high net worth (91%)
Apr 2024 to Mar 2025 $19,711,015,200 Individuals and high net worth (90%)
May 2023 to Mar 2024 $15,773,426,777 Individuals and high net worth (90%)
Apr 2023 $15,773,426,777 Individuals and high net worth (90%)
Apr 2022 to Mar 2023 $14,386,109,187 Individuals and high net worth (90%)
4 earlier changes not shown.
Stated strategy
Fundamental active, Value, Growth, Income, Fixed income / rates, Multi-asset, Index / passive, Quantitative / systematic, Private markets, Wealth management / planning Form ADV Part 2A, Jul 1, 2026 · original
In the firm's words
  • Fundamental active: Equities - primarily utilizes fundamental analysis, principally with respect to management record, financial condition, profitability levels, growth prospects, and market price relative to historical valuation ranges, as well as total return (current yield plus anticipated capital appreciation).
  • Value: It is designed to deploy capital in these investments at discounted entry prices to reduce risk and increase long-term returns.
  • Growth: Investments are selected based on their S&P 500 subsector classification, earnings growth potential over the next three to five years, and current valuation.
  • Income: The goal of the strategy is capital preservation and predictable, tax-exempt income streams.
  • Fixed income / rates: Fixed Income - Tax Exempt - we focus on building a portfolio of investment-grade securities, such as municipal bonds, with a laddered maturity schedule.
  • Multi-asset: we offer these strategies to implement Equity, Growth, Total Return, Conservative, and Income asset allocations in liquid, diversified, cost- and tax-efficient portfolios.
  • Index / passive: an actively managed portfolio of large capitalization U.S. equities seeking low tracking error vs. the S&P 500.
  • Quantitative / systematic: MAI's management of an advisory account in its advisory capacity includes using various investment models.
  • Private markets: MAI is also an investment adviser to private funds.
  • Wealth management / planning: In addition to providing investment advice and advisory services, MAI provides wealth management services and certain non-advisory services to clients.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style
Diversified active
Top 10 weight 47.4%, 16.1 effective positions, active share 51.8% against every 13F filer's combined book; it meets none of the index-like, systematic-like or concentrated tests
Turnover
Low turnover
5.3% over the last four quarters (under 30%)
Horizon
Long horizon
Value-weighted holding period 20.9 quarters (12+), a floor since 63.8% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 51.8%; sector active share 48.9% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

1,884 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026
Top Position
22.4%
−0.4 pts
Top 5
36.6%
+0.7 pts
Top 10
47.6%
+1.8 pts
HHI
610
Sep 2023 → Jun 2026 · range 610 – 726
Diversified−6

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026
Sector % Portfolio Value
Unclassified 61.2% $16,250,010,255
Technology 13.5% $3,583,573,990
Financial Services 5.8% $1,553,847,728
Communication Services 3.9% $1,037,805,098
Industrials 3.6% $950,707,482
Healthcare 3.5% $931,559,567
Consumer Cyclical 3.2% $842,020,120
Consumer Defensive 2.1% $560,261,353
Energy 1.4% $374,870,915
Basic Materials 0.8% $218,959,709
Real Estate 0.5% $143,393,356
Utilities 0.5% $125,919,214

Last Quarter's Activity

Export CSV
Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased
25 positions
Ticker Δ Shares Shares Value Open
SCHP +11,528,895 11,540,399 $305,820,573
GLDM +7,478,109 7,497,358 $595,440,171
GUNR +4,915,504 5,103,843 $251,517,382
DFAI +2,979,357 4,171,293 $172,065,836
DFAU +2,580,815 3,277,574 $169,417,799
VEA +2,419,183 7,043,460 $501,846,524
VTIP +2,335,038 2,338,765 $117,476,164
DFAE +2,191,392 2,587,135 $104,028,698
VWO +2,016,106 5,797,638 $346,061,011
ET +1,424,872 2,201,342 $42,089,677
IWF +1,210,162 1,603,274 $199,078,532
TIP +985,650 1,025,179 $112,185,337
VUG +983,661 1,114,224 $95,979,254
NVDA +921,335 2,595,858 $519,405,226
MBB +802,997 1,006,787 $95,161,506
ACWI +786,962 806,928 $126,663,487
IVV +741,391 2,471,229 $1,850,678,685
EMXC +684,017 891,372 $91,187,355
VTI +668,360 1,183,594 $437,977,122
XLU +629,048 954,172 $43,262,157
VTWO +619,508 627,845 $76,232,939
AGG +608,218 1,113,048 $110,169,490
VGT +571,924 646,089 $77,220,557
AAPL +509,563 2,971,008 $859,690,874
VT +503,628 540,619 $84,850,151

Trimmed

Positions the filer reduced
25 positions
Ticker Δ Shares Shares Value Open
OWL −538,170 205,767 $1,800,460
GSEP −252,721 43,030 $1,762,508
BSCQ −230,598 2,383,193 $46,531,843
IEF −171,552 455,680 $43,093,656
NDEC −100,788 24,969 $750,068
PFF −96,383 885,212 $26,990,113
— −84,771 295,182 $13,619,697
HON −84,623 91,763 $20,545,735
TTD −74,475 20,328 $367,529
JMSB −64,924 133,192 $2,903,585
EW −62,364 26,116 $2,362,452
NOCT −57,279 32,591 $2,037,752
NNOV −54,727 12,747 $400,854
PNOV −54,481 48,777 $2,163,259
ZTS −54,421 24,462 $1,757,838
COMP −50,550 86,728 $1,069,356
GAUG −50,418 29,110 $1,205,736
POCT −40,387 45,198 $2,097,639
PDEC −32,309 34,367 $1,577,101
DLN −30,996 227,252 $21,888,912
USFR −25,517 267,266 $13,456,843
PSEP −24,641 86,820 $3,998,061
FELV −22,009 31,609 $1,267,204
GJUL −18,278 4,963 $215,840
MCHP −17,468 15,536 $1,416,882

New Positions

Positions the filer opened this quarter
25 positions
Ticker Shares Value Open
— 9,891,779 $220,191,000
AVTM 624,484 $33,996,908
— 2,064,049 $33,408,697
LTPZ 532,294 $26,960,690
HONA 85,928 $18,996,961
NJUN 423,735 $13,923,932
TILT 35,684 $9,851,281
VTEC 95,428 $9,600,056
GPIX 150,834 $8,381,845
ADX 221,469 $5,658,532
FDXF 25,058 $3,783,758
GQGU 127,375 $3,235,325
BOXX 23,600 $2,763,324
GEQ 45,287 $2,316,430
SPCX 12,159 $2,077,485
CNEQ 42,008 $1,733,670
AIA 10,810 $1,531,344
MKAM 42,293 $1,346,482
DUSB 26,085 $1,324,596
IGLD 37,222 $783,895
UGL 17,396 $763,162
THM 318,750 $634,312
VCV 58,247 $628,485
FEMB 19,500 $569,790
TLTD 4,712 $462,152

Sold Out

Positions the filer fully exited
25 positions
Ticker Shares Value Open
DTI 133,342 $577,370
— 6,063 $458,303
— 10,391 $365,135
TDW 4,178 $349,071
CTSH 5,603 $343,744
PBR 16,510 $342,582
EXLS 9,993 $304,286
AXTA 9,765 $270,490
BTC 8,929 $267,780
WEX 1,716 $262,616
EPAM 1,893 $256,312
ROL 4,653 $248,516
PWB 1,929 $242,918
FDL 4,748 $241,198
RYTM 2,710 $235,688
BOH 3,092 $229,581
PECO 6,090 $227,887
— 7,659 $217,745
USCI 2,230 $212,563
SNN 6,678 $212,226
EMQQ 6,381 $211,083
GMED 2,421 $208,593
EVTR 4,093 $207,719
UHS 1,160 $207,605
DBA 7,350 $200,802

Portfolio Positions

Export CSV View 13F filing
1,884 tracked positions · $26,572,928,787 total · filing declares 3,448 positions · $26,599,956,695 · as of Jun 30, 2026
All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities
Showing 1–50 of 1,884 positions by value · page 1 of 38
Ticker Company Shares Value (USD) % of Portfolio History
IVV
iShares Core S&P 500 ETF PUT + SHARES
2,471,729 $1,851,053,130 6.97%
SPY
Spdr S&P 500 ETF Trust PUT CALL + SHARES
1,248,810 $932,573,843 3.51%
AAPL
Apple Inc. PUT CALL + SHARES
Technology 		3,073,008 $889,205,594 3.35%
NVDA
Nvidia Corp PUT CALL + SHARES
Technology 		3,040,058 $608,285,204 2.29%
GLDM
World Gold Trust
7,497,358 $595,440,171 2.24%
VEA
Vanguard FTSE Developed Markets ETF
7,043,460 $501,846,524 1.89%
MSFT
Microsoft Corp PUT CALL + SHARES
Technology 		1,293,530 $482,512,559 1.82%
VTI
VANGUARD TOTAL STOCK MARKET INDEX FUND
1,183,594 $437,977,122 1.65%
IJH
iShares Core S&P Mid-Cap ETF
5,616,598 $433,095,871 1.63%
GOOGL
Alphabet Inc. PUT CALL + SHARES
Communication Services 		1,094,127 $391,008,165 1.47%
AMZN
Amazon Com Inc PUT CALL + SHARES
Consumer Cyclical 		1,478,299 $352,337,783 1.33%
VWO
VANGUARD EMERGING MARKETS STOCK INDEX FUND
5,797,638 $346,061,011 1.30%
GOOG
Alphabet Inc. PUT + SHARES
Communication Services 		892,042 $315,185,199 1.19%
QQQ
Invesco Qqq Trust, Series 1 PUT CALL + SHARES
426,826 $314,314,666 1.18%
SCHP
Schwab U.S. TIPS ETF
11,540,399 $305,820,573 1.15%
IJR
iShares Core S&P Small-Cap ETF
2,048,983 $303,884,667 1.14%
VIG
Vanguard Specialized Funds
1,238,223 $292,988,326 1.10%
IVE
iShares S&P 500 Value ETF
1,225,815 $278,333,553 1.05%
AVGO
Broadcom Inc. PUT CALL + SHARES
Technology 		671,314 $253,588,862 0.95%
GUNR
FlexShares Morningstar Global Upstream Natural Resources Index Fund
5,103,843 $251,517,382 0.95%
VOO
VANGUARD 500 INDEX FUND
355,449 $244,125,927 0.92%
IEFA
iShares Core MSCI EAFE ETF
2,521,994 $243,574,180 0.92%
9,891,779 $220,191,000 0.83%
BRK-B
Berkshire Hathaway Inc CALL + SHARES
Financial Services 		410,215 $205,267,482 0.77%
IEMG
iShares Trust
2,449,784 $202,940,106 0.76%
IWF
iShares Russell 1000 Growth ETF
1,603,274 $199,078,532 0.75%
MDY
Spdr S&P Midcap 400 ETF Trust
271,019 $190,618,503 0.72%
RSP
Victory Portfolios II
870,981 $185,318,627 0.70%
JPM
Jpmorgan Chase & Co CALL + SHARES
Financial Services 		549,521 $179,874,708 0.68%
DFAI
Dimensional International Core Equity Market ETF
4,171,293 $172,065,836 0.65%
DFAU
Dimensional US Core Equity Market ETF
3,277,574 $169,417,799 0.64%
IWM
iShares Russell 2000 ETF CALL + SHARES
556,436 $167,181,195 0.63%
VTV
VANGUARD VALUE INDEX FUND
719,031 $156,698,424 0.59%
LLY
ELI LILLY & Co PUT CALL + SHARES
Healthcare 		129,520 $155,350,186 0.58%
ABBV
AbbVie Inc.
Healthcare 		616,940 $155,246,781 0.58%
IVW
iShares S&P 500 Growth ETF
1,124,765 $154,688,930 0.58%
SDY
State Street(R) SPDR(R) S&P(R) Dividend ETF
1,002,472 $152,556,188 0.57%
OEF
iShares S&P 100 ETF
411,508 $150,558,431 0.57%
SGOV
iShares 0-3 Month Treasury Bond ETF
1,408,479 $141,791,580 0.53%
META
Meta Platforms, Inc. PUT CALL + SHARES
Communication Services 		251,208 $141,502,953 0.53%
JNJ
Johnson & Johnson CALL + SHARES
Healthcare 		549,420 $139,536,197 0.53%
V
Visa Inc. CALL + SHARES
Financial Services 		404,486 $138,775,100 0.52%
CSCO
Cisco Systems, Inc. CALL + SHARES
Technology 		1,081,005 $126,974,846 0.48%
ACWI
iShares MSCI ACWI ETF
806,928 $126,663,487 0.48%
TSM
Taiwan Semiconductor Manufacturing Co Ltd CALL + SHARES
Technology 		254,113 $121,356,745 0.46%
VTIP
VANGUARD SHORT-TERM INFLATION-PROTECTED SECURITIES INDEX FUND
2,338,765 $117,476,164 0.44%
VGSH
VANGUARD SHORT-TERM TREASURY INDEX FUND
2,010,515 $117,011,972 0.44%
VCSH
VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND
1,441,743 $113,940,949 0.43%
TIP
iShares TIPS Bond ETF
1,025,179 $112,185,337 0.42%
AGG
iShares Core U.S. Aggregate Bond ETF
1,113,048 $110,169,490 0.41%

Showing the top 50 of 1,884 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.