Shufro Rose & Co. LLC

Background

Shufro Rose & Co. LLC is a New York-based registered investment adviser with roots stretching back decades in wealth and portfolio management. The firm is not a household name in the ETF-investor community, which is precisely what makes its 13F disclosures worth examining. Per The Filing Post's curator note, Shufro Rose runs a concentrated small-cap value orientation with a track record of generating outsized alpha — a characterization backed by the numbers: a one-year return of +50.0% and an alpha versus the S&P 500 of +32.3% over the same period. Those figures place the firm squarely in the performance bucket and well clear of the index-hugging majority. With 1,288 reported holdings, the breadth of the book is wide, but the weight distribution tells a very different story.

Current Portfolio Signal

The top of the Shufro Rose portfolio is anchored by two ETF positions that dominate allocation in a way that immediately separates it from a standard equity book. SMTH (ALPS ETF TR) commands 8.9% of the portfolio — the single largest position — followed by IBDU (iShares TR) at 6.3% and DCRE (DoubleLine ETF Trust) at 5.4%. Together, these three ETF-wrapper positions account for roughly 20% of…