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CNBC Family Office Portfolio Tracker with Addepar: How wealthy families invest

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CNBC Family Office Portfolio Tracker with Addepar: How wealthy families invest
The true value of family offices: Here's what to know

A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.

Public stocks are the largest and fastest-growing asset class for family offices, while their real estate assets are shrinking, according to the new CNBC Family Office Portfolio Tracker.

Family offices now manage over $5.5 trillion in wealth globally, rivaling hedge funds in total assets. Yet because family offices – the private investment arms of ultra-wealthy families – aren’t required to disclose their investments, their portfolios are largely secret.

CNBC has teamed up with Addepar, a foundational data and AI platform used by financial professionals globally, to provide a regular snapshot of family office portfolios. Addepar’s data includes the portfolios of hundreds of family offices, ranging in size from $200 million in assets to over $10 billion, representing a total of $1.4 trillion in assets.

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The tracker will be released every quarter, showing how family offices are shifting their investments in stocks, bonds, private equity and other asset classes. It will include comparisons with the previous quarter, the previous year and previous five years, showing both the short-term and long-term trends.

The tracker is useful to family offices and ultra-high-net-worth investors looking for comparisons and benchmarks. It will also be valuable to the fast-growing industry of wealth management firms, advisors and funds vying for family office business.

Family office wealth is expected to top $9 trillion by 2030, according to Deloitte, making the group increasingly powerful players in financial markets and the broader industry.

“Many firms across the wealth and investment ecosystem look to family offices as an important indicator of how sophisticated investors are approaching their strategic and tactical asset allocation,” said Eric Poirier, CEO of Addepar.

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Poirier said family offices can shed light on ways to balance risk, liquidity, performance and diversification all while navigating changing market environments. 

“By bringing together an anonymized and aggregated view of cross-platform holdings, Addepar can help clients understand broader allocation trends and evaluate their own strategies over time,” he said. 

In first quarter, the Family Office Portfolio Tracker showed the continued importance of public stocks.

Equities were one of the only asset classes that grew as a share of family office portfolios over the past year. Stocks accounted for 34% of portfolios for the family offices covered by the tracker, up from 32% a year ago. There is a strong home bias for U.S. family offices, with 80% of their equity holdings invested in domestic stocks, the review found. 

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The only other category to show annual growth “other alts,” a broad segment that includes mixed allocation of funds, other collective vehicles, commodities and collectibles.

Private equity holdings dipped slightly to 6% while private credit also fell marginally to under 1%. Family office real estate holdings slid by nearly 2 percentage points, now accounting for 7.5% of their portfolios.

Also down slightly over the last year were hedge funds, at 6%, and venture capital at roughly 2%. Their investments in private companies remained sizable but flat, at 16%, as many family offices either own private companies or are investing directly in private businesses.

The broad collection of “alts,” defined as every category outside of publicly traded stocks and bonds, accounted for 48% of family office portfolios, while public markets accounted for 52%.

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Their holdings of cash and cash equivalents remained at nearly 10%, suggesting family offices want to retain dry powder in the event of a possible crisis or decline in asset prices that could pose a buying opportunity. 

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Family offices are the ultimate long-term investors, investing for generations rather than individual retirement. They rarely make major changes to their portfolios or react to short-term events. Yet tracking the evolving family office portfolios over time will give some clues into how they view current markets and macro trends.

“Many of these portfolios are intentionally diversified across public and private markets and built around longer investment horizons, particularly across alternatives, so positioning often evolves more gradually over time,” Poirier said. “More broadly, the data reflects how family offices are evolving — operating more globally, more institutionally and focusing on diversification, liquidity planning and long-term strategic decision-making across changing market environments.”

The tracker will also become more robust over time as Addepar adds more family offices to its platform. More than 1,400 firms — including family offices, RIAs and wealth managers, private banks and institutions across 60 countries — use Addepar to manage and advise on $9 trillion in assets.

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Family offices use Addepar primarily to show their vast array of private and public investments in one platform. A large family office can have dozens or even hundreds of private investments, each with unique reporting formats. Addepar’s software brings it all together in one place. 

A growing number of banks and wealth managers are also using the platform, to better sync with their family office clients.

The platform recently launched “Addison,” the company’s native AI tool. 

“Addepar’s view is that AI will augment — not replace — investment professionals,” Poirier said. “Increasingly, AI is helping surface actionable insights faster and reduce manual operational work, allowing teams to spend more time focused on long-term planning, strategic advice and deeper relationships with family members.”

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Kyrie Draws Trade Interest from Pistons, Wolves, Rockets and Lakers

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Kyrie Irving #11 of the Brooklyn Nets poses for a photograph during Media Day at HSS Training Center on September 27, 2019 in the Brooklyn borough of New York City.

NEW YORK — Kyrie Irving, the veteran Dallas Mavericks guard and nine-time All-Star, is generating significant trade interest as the NBA offseason intensifies, with four teams emerging as realistic suitors according to multiple reports. The 34-year-old, recovering from a season-ending ACL tear, could be on the move as the Mavericks continue reshaping their roster following major front-office and coaching changes.

Veteran NBA reporter Brandon “Scoop B” Robinson identified the Detroit Pistons, Minnesota Timberwolves, Houston Rockets and Los Angeles Lakers as teams showing credible interest in acquiring Irving. His current contract includes $39.5 million for the upcoming season and a $42.4 million player option for 2027-28, making any deal complex but feasible under the league’s salary cap rules.

Irving missed the entire 2025-26 season while rehabilitating the knee injury, marking an extended absence from competitive play. Despite the lengthy layoff, recent updates from the guard himself have been encouraging, signaling readiness to return at a high level. The Mavericks, meanwhile, have undergone substantial upheaval, including the firing of general manager Nico Harrison, a major trade sending Anthony Davis elsewhere, and the departure of head coach Jason Kidd.

Potential Destinations and Fit

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The Los Angeles Lakers represent a high-profile landing spot, pairing Irving with Luka Doncic in what would be a star-studded backcourt. However, the team would need to navigate existing point guard depth while addressing roster construction around their core. The move could provide immediate offensive firepower but carries injury and chemistry questions.

Detroit Pistons, led by young star Cade Cunningham, could view Irving as a mentor and scoring complement. The Pistons have been building aggressively around their young core, and adding a proven playoff performer like Irving might accelerate their contention timeline in the Eastern Conference.

Houston Rockets, featuring a returning Fred VanVleet, would similarly face backcourt crowding but possess the young talent and assets to make a deal work. The Rockets’ upward trajectory under their current management makes them an intriguing destination for a veteran seeking a fresh start on a rising team.

Many analysts point to the Minnesota Timberwolves as perhaps the most logical fit. The Timberwolves have been linked to Irving, with reports suggesting endorsement from a key figure within the organization. Their need at the point guard position aligns well with Irving’s skill set, potentially creating a dynamic offensive duo alongside Anthony Edwards while bolstering playoff experience.

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Mavericks’ Rebuild Context

Dallas finds itself at a crossroads after several high-profile moves. The departures of key personnel and players signal a strategic reset, with Irving now viewed by some as the final piece of the previous regime. Trading the veteran guard could free up salary flexibility and draft assets as the Mavericks look toward the future while remaining competitive in a tough Western Conference.

Irving’s injury history and age introduce risk for any acquiring team. The guard has dealt with various health and availability issues in recent years, though his talent when healthy remains elite. His ability to create off the dribble, finish at the rim and knock down threes at a high clip continues to make him a sought-after talent despite the concerns.

Injury Recovery and Outlook

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Irving’s recent positive updates regarding his rehabilitation have helped ease some doubts. The lengthy recovery period from an ACL tear typically spans 9-12 months for athletes at his level, and reports indicate he is progressing well. Teams will conduct thorough medical evaluations before finalizing any deal, focusing on long-term durability.

A move could provide Irving with a new environment and fresh motivation as he enters the later stages of his career. Known for his elite ball-handling and clutch performances, he has a proven track record in high-stakes situations, including deep playoff runs with previous teams.

Broader NBA Trade Landscape

The rumors emerge amid a busy offseason across the league. Teams are evaluating rosters following the conclusion of the 2025-26 season, with salary cap space, draft picks and young talent serving as key currency in negotiations. Irving’s availability adds another high-profile name to the market, potentially triggering a domino effect of additional deals.

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The Mavericks’ situation reflects broader trends of roster turnover as franchises seek contention windows or rebuilds. For suitors, acquiring Irving represents a calculated gamble: high upside in the short term balanced against injury and contract considerations. Negotiations are expected to intensify as the draft and free agency periods approach.

What It Means for Contenders

Landing Irving could immediately elevate a team’s playoff prospects. His experience as a former champion and clutch performer offers intangible benefits, particularly for younger squads like the Pistons, Rockets or Timberwolves. For the Lakers, it would represent another attempt to build a championship-caliber supporting cast.

Defensive fit and chemistry with existing stars will be critical factors. Irving’s ball-dominant style requires complementary pieces capable of spacing the floor and defending at a high level. Teams will also weigh his leadership qualities and past off-court narratives when assessing long-term value.

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Financial and Contractual Details

Irving’s contract structure provides flexibility but also commitment. The player option for 2027-28 gives him control over his future, a factor that could influence trade discussions. Acquiring teams must factor in luxury tax implications and roster balancing under the collective bargaining agreement.

Dallas holds the right to engage in sign-and-trade scenarios or outright deals, depending on return packages. Potential compensation could include young players, future picks and salary-matching contracts, typical in exchanges involving star veterans.

Fan and League Reactions

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News of Irving’s availability has sparked widespread discussion among NBA fans and analysts. Social media platforms buzz with speculation about potential destinations and on-court fit. League insiders expect more clarity in the coming weeks as teams finalize summer plans.

Irving’s career has been marked by brilliance interspersed with challenges, from individual accolades to team success. A fresh start could rejuvenate his performance as he aims for another deep postseason run. For the Mavericks, moving on might allow focus on younger talent and long-term sustainability.

As the NBA offseason heats up, Irving’s situation remains one of the most closely watched storylines. Whether he stays in Dallas or finds a new home among the reported suitors, his next chapter will significantly impact multiple franchises and the broader league landscape.

The coming days and weeks are expected to bring further developments as teams assess their options and Irving’s camp evaluates the best path forward. For now, the four-team interest underscores the enduring appeal of one of the league’s most dynamic and polarizing talents.

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The Cloud Has Come Back Down To Earth

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The Cloud Has Come Back Down To Earth

The Cloud Has Come Back Down To Earth

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CMR Green shares make strong D-Street debut, list at 43% premium over IPO price

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CMR Green shares make strong D-Street debut, list at 43% premium over IPO price
In a solid stock market debut, shares of CMR Green Technologies listed at 43% premium over IPO price on Wednesday. The stock opened at Rs 275.40 on the BSE as compared to its issue price of Rs 192.

Meanwhile, the stock opened at Rs 268 on NSE, surging 40% from IPO price.

Robust IPO subscription

The IPO was subscribed 127.07 times overall, making it one of the most sought-after public issues of the year. Institutional investors drove the demand, with the qualified institutional buyer (QIB) portion subscribed 270.46 times. The non-institutional investor (NII) segment was booked 172.35 times, while the retail investor category attracted bids worth 27.08 times the shares reserved for it.

More than 33.7 lakh applications were received across categories, highlighting strong participation from both institutional and retail investors.

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Ahead of the IPO opening, the company had raised Rs 188.44 crore from anchor investors through the allocation of 98.14 lakh shares.

About the company

CMR Green Technologies, incorporated in 2006, is one of India’s leading non-ferrous metal recyclers and operates in the secondary aluminium market. The company manufactures recycled aluminium alloys, zinc alloy ingots, aluminium billets and other recycled metal products that are used across automotive and industrial applications.

Its customer base includes several leading automobile manufacturers and component makers such as Honda Cars India, Bajaj Auto, Hero MotoCorp, Royal Enfield, Endurance Technologies, Maruti Suzuki and Jindal Stainless.
The company is positioned to benefit from increasing demand for recycled metals as manufacturers globally focus on reducing carbon emissions and improving sustainability across supply chains. Aluminium recycling consumes significantly less energy than primary aluminium production, making recyclers increasingly important in the transition towards greener manufacturing.
Financially, the company has shown steady growth. For the nine months ended December 2025, CMR Green Technologies reported revenue of Rs 6,291 crore and profit after tax of Rs 162.39 crore. For FY25, it reported revenue of Rs 6,696.66 crore and net profit of Rs 155.04 crore.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

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Pattern Group: Defensible MOAT

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Pattern Group: Defensible MOAT

Pattern Group: Defensible MOAT

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Why is Geely Automobile stock rallying today?

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Why is Geely Automobile stock rallying today?

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At Close of Business podcast June 10 2026

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At Close of Business podcast June 10 2026

Mark Beyer speaks to Justin Fris about WA’s present rollout of renewable energy projects.

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Heidelberger Druckmaschinen Aktiengesellschaft 2026 Q4 – Results – Earnings Call Presentation (OTCMKTS:HBGRY) 2026-06-10

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

This article was written by

Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team

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Macron to chair video call involving G7 and China over trade imbalances

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Macron to chair video call involving G7 and China over trade imbalances


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FACT, Chambal Fertilisers shares up to 5% as government eyes doubling fertiliser subsidy allocation

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FACT, Chambal Fertilisers shares up to 5% as government eyes doubling fertiliser subsidy allocation
Fertiliser stocks witnessed strong buying interest on Wednesday, with shares of The Fertilisers and Chemicals Travancore (FACT) and Chambal Fertilisers & Chemicals surging up to 5% during the trading session. The rally followed reports that the Fertiliser Ministry has sought a significant increase in the subsidy budget for FY27.

According to government sources cited by PTI and The Times of India, the Ministry has approached the Finance Ministry to double the fertiliser subsidy allocation to Rs 1.71 lakh crore, reflecting mounting concerns over escalating global fertiliser prices and rising import costs.

The proposed hike comes amid disruptions linked to the ongoing West Asia conflict, which has pushed up international fertiliser prices and strained global supply chains. Officials have warned that if these challenges persist, India’s fertiliser subsidy bill could exceed Rs 3 lakh crore during the current fiscal year.

A prolonged disruption in shipping through the Strait of Hormuz, a critical trade route, could further inflate India’s fertiliser import bill and complicate procurement efforts. At the same time, a shrinking global supply pool continues to exert upward pressure on prices.

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However, officials noted that the final subsidy requirement may ease somewhat as domestic fertiliser production continues to improve, helping offset part of the import burden.


India currently provides substantial subsidies on key fertilisers to shield farmers from price volatility. Neem-coated urea is sold at Rs 242 per 45 kg bag, while di-ammonium phosphate (DAP) is priced at Rs 1,350 per 50 kg bag.
The prospect of higher subsidy support and sustained demand optimism has put fertiliser stocks firmly in investors’ focus, making the sector one of the standout performers in Wednesday’s trade.

Share price snapshot

Fertilisers and Chemicals Travancore (FACT): Shares of FACT surged 5% to Rs 920 during Wednesday’s trade. The company currently has a market capitalisation of Rs 56,686 crore, while the stock’s 52-week high stands at Rs 1,085.Chambal Fertilisers & Chemicals: The stock advanced 4% to Rs 473, drawing investor attention amid the sector-wide rally. The company commands a market capitalisation of Rs 18,220 crore, and its 52-week high stands at Rs 580.70.

Technical indicators

FACT: The stock’s 14-day Relative Strength Index (RSI) is at 50.1. An RSI reading below 30 is generally considered oversold, while a reading above 70 indicates overbought conditions.

Chambal Fertilisers & Chemicals: The stock’s 14-day RSI stands at 49.2, suggesting neutral momentum. Typically, RSI levels below 30 signal oversold territory, whereas readings above 70 point to overbought conditions.

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(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times.)

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Santander completes $701.6m tier 1 securities buyback

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Santander completes $701.6m tier 1 securities buyback

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