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PROFUND ADVISORS LLC

13F
PROFUND ADVISORS LLC
Last update 2024-05-08 1150 Stocks (84 new)
Value $2.57 Bil Turnover 5 %
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PROFUND ADVISORS LLC Profile

Profund Advisors LLC is an investment management firm based out of Bethesda, Maryland. The company was originally established in 1997 by cofounders Michael Lynn Sapir and Louis Mark Mayberg, both of whom are still with the company today acting as its CEO and President, respectively. Profund Advisors has grown from its inception to now operate with 113 employees of which 40 are investment professionals. The company conducts its research internally and utilizes a fundamental and quantitative methodology to make its investment decisions, allocating its assets in the public equity and fixed income markets on a global scale. Profund Advisors invests most heavily in the health care sector, which alone makes up over a third of its total asset allocations, and also invests in the information technology, consumer discretionary, finance, and utilities and telecommunications sectors, among other sectors to a lesser degree, in order of decreasing allocation. The company holds its allocations an average of 19.2 quarters, although it only holds its top 10 holdings an average of 12 quarters, and has had, in the most recent quarter, a turnover rate of approximately 14.9%. Profund Advisors manages over $4.2 billion in total assets under management spread across 180 total accounts, all of which are discretionary accounts. The company’s total number of accounts has been increasing in recent years, but its total assets under management has experienced some volatility, having once been as high as $4.7 billion back in 2010 and as low as $3.4 billion back in 2012, although, overall, it has grown from five years ago. Profund Advisors currently caters exclusively to investment companies. The company offers a varied lineup of mutual funds which includes Class ProFunds, tracking daily performances of benchmarks, Ultra ProFunds, providing magnified exposure to benchmarks, Inverse ProFunds, providing inverse exposure to benchmarks, Sector ProFunds, which provide magnified or inverse exposure to a specific industry sector benchmark, and a variety of non-equity funds.
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