Jonathan Heaston Lewis

Eldred Rock Partners LLC provides investment advice. The private company is based in San Antonio, TX. The company was founded in 2021 by Jonathan Heaston Lewis and Stefan Friederich Gräter. Stefan Friederich Gräter has been the CEO of the company since 2021.

Avalon Advisors LLC, do-business-as Avalon Investment & Advisory (Avalon), is a wealth management firm and SEC-registered investment advisor headquartered in Houston, Texas. The firm was founded in 2001 by Henry Lartigue, Willie Langston and Kevin Lilly. They were acquired in 2023 by CI Financial Corp. (TSX: CIX) in Canada through its indirect subsidiaries. Avalon provides both discretionary and non-discretionary investment advice, asset allocation and related services to high net-worth separate account clients and institutional investors. The firm also acts as investment manager for several privately placed pooled investment funds.

The Employees Retirement System of Texas (ERS) is the state-owned pension fund entity headquartered in Austin, Texas. ERS was founded in 1947 and manages benefits for employees and retirees of State of Texas agencies and some higher education institutions.

Founded in 1981, Reams Asset Management Co. LLC is a registered investment advisor located in Columbus, Indiana. The firm is a division of Scout Investments LLC, which acquired the firm in 2010. They manage investments in U.S. fixed-income assets for institutional clients including Fortune 500 corporations, large public pension funds, Taft-Hartley plans, healthcare organizations, universities, foundations and endowments.

Founded in 2005 by Juan Landa and Stefan Grater, Matterhorn Capital Management LLC is a registered investment advisor located in San Antonio, Texas. The firm was acquired by Avalon Advisors LLC in 2016. Matterhorn manages equity and fixed-income portfolios for high net-worth individuals, family offices, regional advisory groups and institutional investors.