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THB Asset Management
Christopher Cuesta · Asset Manager · Value
THB Asset Management is a boutique investment firm founded in 1982, originally known as Thomson, Horstmann & Bryant. Based in Norwalk, Connecticut, the firm became an autonomous investment franchise of Victory Capital Management in 2021. THB specializes in capacity-constrained equity asset classes, including U.S., international, and global micro-cap, small-cap, and mid-cap strategies. The firm is recognized for its long history of integrating environmental, social, and governance (ESG) factors into its investment process and for its decades of experience in managing socially responsible investment portfolios.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | +25.4% |
| YTD return | +15.6% |
| Sharpe ratio | 4.63 |
| Win rate | 53% |
| AUM | $0.5B |
| Inception | Oct 1, 2025 |
| Updated | Sep 18, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $0.5B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | https://www.vcm.com/investment-franchises/thb-asset-management |
Current Holdings
Updated on Sep 18, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| AAPL | Apple Inc | 12.9% | +28.2% |
| MSFT | Microsoft Corporation | 10.9% | +0.7% |
| GOOGL | Alphabet Inc Class A | 10.5% | +36.2% |
| TSM | Taiwan Semiconductor Manufacturing | 9.4% | +39.7% |
| AMZN | Amazon.com Inc | 7.1% | +12.1% |
| XOM | Exxon Mobil Corp | 5.0% | +32.9% |
| ASML | ASML Holding NV ADR | 4.8% | +14.8% |
| MU | Micron Technology Inc | 4.1% | +24.6% |
| JPM | JPMorgan Chase & Co | 3.8% | +12.4% |
| LLY | Eli Lilly and Company | 3.7% | +26.9% |
| META | Meta Platforms Inc. | 3.6% | -3.8% |
| JNJ | Johnson & Johnson | 3.3% | +37.7% |
| CAT | Caterpillar Inc | 3.3% | +47.2% |
| BBVA | Banco Bilbao Viscaya Argentaria SA ADR | 3.0% | +24.0% |
| AVGO | Broadcom Inc | 3.0% | -0.1% |
| UNM | Unum Group | 2.6% | +2.2% |
| HSBC | HSBC Holdings PLC ADR | 2.2% | +7.1% |
| PEP | PepsiCo Inc | 2.2% | -9.2% |
| CL | Colgate-Palmolive Company | 2.2% | +2.7% |
| MCD | McDonald’s Corporation | 2.1% | -2.1% |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| Sep 14, 2026 | SELL | UNM | 2.7% → 2.6% |
| Sep 14, 2026 | BUY | AMZN | 7.2% → 7.1% |
| Sep 14, 2026 | BUY | ASML | 4.8% → 4.8% |
| Sep 14, 2026 | BUY | JPM | 3.9% → 3.8% |
| Sep 14, 2026 | BUY | MCD | 0.0% → 2.1% |
Investment Style Analysis
THB Asset Management is widely recognized for employing a Value strategy. As of Sep 18, 2026, the firm oversees approximately $0.5B in assets under management (AUM). The portfolio demonstrates a clear preference for the Semiconductors and Internet Content & Information sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending Sep 14, THB Asset Management made a significant move by reducing the position in UNM. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
THB Asset Management employs an active investment approach that combines qualitative and quantitative disciplines to identify high-quality companies with self-funded growth characteristics. Their philosophy centers on finding companies with valuation metrics similar to or lower than the broader market while possessing superior long-term operating metrics. Risk management is a core component, utilizing proprietary assessments of quality, risk grades, and ESG ratings to protect against downside risk and ensure diversification. The firm believes that the micro and small-cap segments are highly inefficient, offering opportunities for outsized returns through focused research and a commitment to ESG integration across all phases of the investment process.
Disclaimer
The content provided on this page, including the simulated portfolio performance, holdings analysis, and AI-generated insights, is for informational and educational purposes only. It does not constitute financial advice, investment recommendations, or an offer to buy or sell any securities. All data is derived from historical SEC 13F filings and other public disclosures, which have a reporting lag. The "Simulated Performance" is a hypothetical reconstruction based on past disclosures and does not represent the actual returns of the institution. Past performance is not indicative of future results. Tritonix.ai is not affiliated with THB Asset Management.
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Frequently asked questions
How is the simulated portfolio for THB Asset Management constructed?
This simulation is powered by Tritonix AI using official SEC filings. We focus on the "Best Ideas" by filtering for only the Top 20 largest holdings and rebalancing them to 100%. The simulation tracks performance starting from Oct 1, 2025. Our AI monitors for updates every Monday to capture major shifts. This concentrated approach highlights the manager's true stock-picking skill and mirrors their actual investment returns.
What is THB Asset Management's largest holding?
As of the latest filing, THB Asset Management's top position is Apple Inc (AAPL), representing 12.9% of the portfolio. This reflects a high-conviction bet by the institution.
What is THB Asset Management's historical performance and risk profile?
Our simulation indicates a total return of +25.4% with a win rate of 53%. Notably, the portfolio maintains a Sharpe Ratio of 4.63, suggesting an exceptional level of risk-adjusted returns compared to the broader market.
What sectors does THB Asset Management primarily invest in?
THB Asset Management has a strong preference for the Semiconductors sector, which makes up 16.5% of their disclosed assets. The portfolio also has exposure to Internet Content & Information, indicating a specific thematic focus.
Is THB Asset Management's portfolio concentrated or diversified?
THB Asset Management runs a moderately concentrated portfolio with 20 disclosed positions. The top 3 holdings alone account for 34.3% of the total portfolio weight, suggesting a strategy that favors broader market exposure.
How has THB Asset Management performed in 2026?
Our AI-simulated model portfolio for THB Asset Management tracks a Year-to-Date (YTD) return of +15.6%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does Christopher Cuesta manage THB Asset Management directly?
Yes, Christopher Cuesta serves as the key portfolio manager for THB Asset Management, overseeing the investment strategy and final capital allocation decisions.