Greg Alexander - Conifer Management Investment Strategy & Portfolio Analysis

As of Mar 31, 2026, Greg Alexander's Conifer Management portfolio reflects a highly concentrated, high-conviction, thematic approach across 6 reported 13F positions. Portfolio returns are primarily driven by a small set of high-conviction positions such as Group 1 Automotive,, Equitable Holdings,, and Lithia Motors,, with the top five holdings accounting for approximately 96% of total exposure and Group 1 Automotive, alone contributing ~48%. Economic outcomes are highly concentrated in a narrow set of consumer cyclical companies and financials names. Exposure to high-growth and technology-oriented segments remains limited relative to peers, with performance instead anchored in durable, cash-generating businesses across consumer discretionary, financials, and unknown. The portfolio exhibits low turnover, consistent with a buy-and-hold posture held through multiple reporting cycles. Distinctive traits include Long-Term Holder, Highly Concentrated, Economically Concentrated.