AlTi Global
ALTI on Nasdaq. AlTi Global sells investment and wealth management advice to rich families, foundations and institutions. Market value $314m.
Price checks use the past 12 months to June 2026. Some use the latest annual report instead, as marked. Quality checks use five annual reports, the latest for the year to December 2025.
Should I look at this?
Look carefully before going further
Why it could be worth it
Read the warning sign in its own filings
This is not advice. Check the numbers below.
Yearly profit per dollar of owners' money: -20 cents. Above 10 is good.
What you pay for each dollar of net assets: $0.47.
Profit per $100 you pay: $-39.29.
Quality score: 23 of 100. Price score: 50 of 100. Our list needs 70 on quality and 60 on price.
$2.88 a share, 5% above its 1-year low
Over the past year the price has ranged from $2.75 to $5.45.
Pays no dividend
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $76m | $77m | $221m | $198m | $255m |
| Operating margin | |||||
| Operating margin | n/a | n/a | n/a | n/a | n/a |
| Debt to equity | |||||
| Debt to equity | n/a | n/a | n/a | n/a | n/a |
| Shares outstanding | |||||
| Shares outstanding | 0.00bn | 0.00bn | 0.12bn | 0.08bn | 0.10bn |
Health checks
- Free cash flow positiveDoesn't apply to banks and insurers
- Accounting checksDoesn't apply to banks and insurers
- DebtDoesn't apply to banks and insurers
- Revenue growth, five yearsStrong, 35.5% a year
- Buying back its own sharesNo, 1435613% more shares since 2021
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $58 million last quarter, up 11% on a year ago.
- A loss of $23 million, compared with a loss of $24 million a year ago.
- Spare cash over the past 12 months: $1 million. A year earlier it spent $62 million more than it brought in.
- 11% more shares than a year ago. Each share owns a bit less of the company.
| Quarter to | Amount |
|---|---|
| September 2024 | $52m |
| December 2024 | Not reported |
| March 2025 | $57m |
| June 2025 | $52m |
| September 2025 | $57m |
| December 2025 | $88m |
| March 2026 | $73m |
| June 2026 | $58m |
| Quarter to | Amount |
|---|---|
| September 2024 | -$73m |
| December 2024 | -$54m |
| March 2025 | $2m |
| June 2025 | -$24m |
| September 2025 | -$84m |
| December 2025 | -$13m |
| March 2026 | $8m |
| June 2026 | -$23m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 31 March 2026
- Next quarterly (estimated, 10-Q)
- 9 November 2026
Who owns it
1 long-term investor we follow owns it, unchanged from 1 last quarter. 77 funds in all.
- Oasis ManagementSeth Fischer
- Value
- $90,250
- Share of fund
- <0.1%
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Oasis ManagementSeth Fischer | $90,250 | <0.1% |
Largest holders overall
- Allianz SE$78m
- BlackRock$11mAdded
- Vanguard Capital Management$7mAdded
- Geode Capital Management$5mAdded
- State Street$3m
- BlueCrest Capital Management$3mAdded
- AlTi Global$3m
- Northern Trust$1mAdded
- Charles Schwab Investment Management$1mAdded
- Bokf, NA$1m
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
4 investors own more than 5%.
- 24.9%−1.2 ptsSince 2 April 2026
What they said
The Reporting Person acquired the securities reported herein for investment purposes, subject to the following: The information set forth in Items 3 and 6 of this Schedule 13D is incorporated by reference in its entirety into this Item 4. The Reporting Person from time to time…
Read the filing - Tiedemann MichaelInsider or founderat least 9.8%(filed with 3 related holders)Since 30 March 2026
What they said
On March 30, 2026, the Board of Directors of the Company and Mr. Tiedemann agreed that Mr. Tiedemann would step down as Chief Executive Officer of the Issuer, effective March 30, 2026. In connection with his departure as Chief Executive Officer, effective March 30, 2026, Mr.…
Read the filing - Islet Management, LPPassive investorat least 5.3%(filed with 1 related holder)Since 17 November 2025
- Peter YuPassive investorat least 4.9%(filed with 2 related holders)Since 22 April 2026
| Holder | Stake | Since | |
|---|---|---|---|
24.9%−1.2 pts | 2 April 2026 | What they saidThe Reporting Person acquired the securities reported herein for investment purposes, subject to the following: The information set forth in Items 3 and 6 of this Schedule 13D is incorporated by reference in its entirety into this Item 4. The Reporting Person from time to time… Read the filing | |
Tiedemann Michael Insider or founder | at least 9.8% (filed with 3 related holders) | 30 March 2026 | What they saidOn March 30, 2026, the Board of Directors of the Company and Mr. Tiedemann agreed that Mr. Tiedemann would step down as Chief Executive Officer of the Issuer, effective March 30, 2026. In connection with his departure as Chief Executive Officer, effective March 30, 2026, Mr.… Read the filing |
Islet Management, LP Passive investor | at least 5.3% (filed with 1 related holder) | 17 November 2025 | |
Peter Yu Passive investor | at least 4.9% (filed with 2 related holders) | 22 April 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought or sold on the open market in the last 12 months.
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
1 serious warning sign in AlTi Global’s filings.
We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.
We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 31 Mar 2026, plus the 10-Q filed 10 Aug 2026 and 5 later 8-Ks.
Weak checks on its own accounts
SeriousThe company said its checks on its own accounts did not work at the end of its latest quarter. Mistakes could slip into the numbers.
“If our remediation of these material weaknesses is not effective, or we experience additional material weaknesses in the future or otherwise fail to maintain an effective system of internal control over financial reporting in the future, the accuracy and timing of our financial reporting may be adversely affected, we may be unable to maintain compliance with securities law requirements regarding timely filing of periodic reports in addition to the Nasdaq listing requirements, investors may lose confidence in our financial reporting, and the price of our common stock may decline as a result.”
Show the full paragraph
Our management anticipates that our internal control over financial reporting will not be fully effective until the above material weaknesses are remediated. If our remediation of these material weaknesses is not effective, or we experience additional material weaknesses in the future or otherwise fail to maintain an effective system of internal control over financial reporting in the future, the accuracy and timing of our financial reporting may be adversely affected, we may be unable to maintain compliance with securities law requirements regarding timely filing of periodic reports in addition to the Nasdaq listing requirements, investors may lose confidence in our financial reporting, and the price of our common stock may decline as a result.
From the 10-Q filed 10 August 2026, Part I, Item 4. Controls and Procedures. Read it in the filing
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
What could go wrong
Cheap for a reason is the question the numbers cannot answer.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.