Centric's Strategic Diversification
Centric Wealth Management expands holdings, diversifying across five US companies
Key Points
DICK’S Sporting Goods opened at $202.24 per share, with a 12-month range of $186.67–$244.38 and a market cap around $18.1 billion; the stock also shows a debt-to-equity ratio of 0.34 and a price/earnings ratio of 19.22.
Meritage Homes has an extremely high level of institutional ownership (about 98.44%), with major moves by RBC, AQR, Goldman Sachs, Empowered Funds, and UBS driving stakes higher in the prior quarter.
Universal Insurance Holdings shows heavy institutional interest (66.61% owned by institutions), with Millennium Management, BNP Paribas Financial Markets, Geode Capital, and Vanguard among large holders increasing or maintaining stakes; Zacks Research cut UVE to a hold rating.
Xcel Energy has about 78.38% of its stock owned by institutional investors; Evolution Wealth Management notably boosted its stake by 365.3% in the first quarter, illustrating a broad institutional focus on the utility name.
Revolution Medicines demonstrates heavy institutional support, with Vanguard owning about 16.72 million shares (~$1.33 billion), Janus Henderson around 12.30 million shares, and other funds like Nextech Invest, Paradigm Biocapital, and Bellevue Group also amassing sizable stakes; overall institutional ownership stands at about 94.34%.
Centric Wealth Management added five new stock positions in the second quarter, spreading roughly $5.7 million across construction, retail, insurance, energy, and biotech, according to Ticker Report and Watchlist News. The moves, revealed through SEC Form 13F filings, show the firm building small minority stakes across very different industries rather than betting big on any single sector.
Centric Bets $3.4 Million on DICK'S Sporting Goods
The largest single purchase was 15,838 shares of DICK'S Sporting Goods, worth about $3.44 million, according to Watchlist News. The stock opened at $202.24 per share and carries a market cap near $18.1 billion. Its 12-month trading range runs from $186.67 to $244.38. The price-to-earnings ratio sits at 19.22, and the debt-to-equity ratio is a low 0.34.
DICK'S is one of the most widely held retail stocks among institutional investors. Centric's new stake adds to an already busy ownership picture in the sporting goods chain. The position is a minority one, but it signals confidence in the retailer's near-term outlook.
Meritage Homes Draw Near-Total Institutional Ownership
Centric picked up 9,202 shares of Meritage Homes, valued at around $580,000, according to Watchlist News. What stands out most about Meritage is its ownership structure. Institutions own about 98.44% of the homebuilder's stock — one of the highest rates in the construction sector.
Big names like RBC, AQR, Goldman Sachs, Empowered Funds, and UBS all moved to raise their Meritage stakes in the prior quarter. Centric's purchase follows that same trend. With housing demand staying firm, the construction sector has attracted heavy institutional attention in recent months.
Biotech and Insurance Round Out Centric's New Purchases
Centric also bought 3,416 shares of Revolution Medicines, worth roughly $505,000, according to Ticker Report. The biotech firm is heavily backed by big institutions. Vanguard alone holds about 16.72 million shares worth around $1.33 billion. Janus Henderson holds another 12.30 million shares. Overall, institutions own about 94.34% of Revolution Medicines.
On the insurance side, Centric added 15,912 shares of Universal Insurance Holdings, valued at about $663,000, per Ticker Report. Institutions own 66.61% of Universal Insurance. Major holders include Millennium Management, BNP Paribas, Geode Capital, and Vanguard. However, Zacks Research recently cut Universal Insurance to a hold rating, a note of caution for new buyers.
Xcel Energy Stake Joins a Crowded Institutional Field
Centric's fifth new position was 6,763 shares of Xcel Energy, worth about $537,000, according to Ticker Report. The utility stock is already 78.38% owned by institutions. Earlier this year, Evolution Wealth Management boosted its own Xcel stake by 365.3% in a single quarter — a sign of how aggressively some funds are moving into the name.
Taken together, Centric's five new positions total roughly $5.7 million spread across five sectors. No single bet dominates. That pattern fits a strategy built on broad diversification rather than concentrated risk. The 13F filings show a firm methodically adding small stakes while larger institutions do the heavy lifting around them.
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