The ETF That Invests in What Made Billionaires Rich — Not What They Buy Now | Andrew Skatoff, Bancreek Capital

Andrew Skatoff is back on Behind the Ticker for his second appearance. Since he last sat down with Brad, Bancreek Capital has grown to approximately $300 million across four ETFs, rung the opening bell at the NYSE, and launched CLUB — the Bancreek Billionaires Club ETF — in May of this year.

CLUB isn't what the name might suggest at first glance. It doesn't invest in the personal portfolios of billionaires. It invests in the 30 publicly traded businesses that created that wealth — the family-founded, still-family-owned companies that have already won their categories and continue to compound. Andrew walks through the intellectual origin of the fund in his family office years, the data science process Bancreek uses to identify and rank the top 30 wealth-creation businesses globally, and why the billion-dollar threshold matters less than the relative positioning of the business behind it. He explains why concentration is capped at 10% and the portfolio is equal-weighted at 30 positions, why the fund runs 40 to 60% international by design, and how the monthly rerun of the screen keeps the portfolio current without introducing noise.

The episode also revisits the broader Bancreek investment framework — the combination of Andrew's fundamental value training from Columbia and Chief Data Scientist Anton Yen's information theory background (Lawrence Livermore, MIT Lincoln Labs, DARPA) — with what may be the clearest articulation of the firm's edge to date: two assets that compound at 10% over five years, one delivering it ratably and one delivering it through wild volatility, are not the same business. Bancreek is looking for Asset A across every one of its funds.