Dana Investment Advisors, Inc. — 13F Portfolio

Dana Investment Advisors, Inc. is an independent registered investment advisor headquartered in Brookfield, Wisconsin, with a history spanning over four decades of serving institutional and high-net-worth clients. The firm has distinguished itself as a pioneer in environmental, social, and governance (ESG) integrated investing, having incorporated responsible investment principles into its process long before such approaches gained mainstream adoption. Under the leadership of Chief Executive Officer Mark Mirsberger and Chief Investment Officer Duane Roberts, Dana has built a comprehensive investment platform spanning equity and fixed income strategies. The firm files 13F reports with the SEC under CIK #0001427514, providing quarterly transparency into its U.S. equity holdings. Operating from the Midwest rather than traditional coastal financial centers, Dana represents the independent RIA model—client-focused, employee-owned, and committed to long-term relationships over transactional asset gathering. The firm's institutional client base includes corporate pension plans, endowments, foundations, Taft-Hartley plans, and public funds seeking both competitive returns and values-aligned investment management. The platform's 13F Portfolio Composition tools enable users to examine how Dana's ESG-integrated approach manifests in actual security selection and portfolio construction over time.

Dana Investment Advisors employs a disciplined, research-driven investment approach that integrates fundamental analysis with environmental, social, and governance considerations. The firm's equity strategy reflects a blend orientation, seeking attractively valued companies with quality characteristics while incorporating ESG factors as both risk mitigation tools and sources of potential alpha. Dana's investment philosophy holds that companies with strong ESG profiles are better positioned for long-term value creation, as they typically exhibit superior risk management, stakeholder relationships, and operational sustainability. The research process combines quantitative screening with qualitative fundamental analysis, evaluating traditional financial metrics alongside ESG criteria to construct diversified portfolios. The firm maintains capabilities across multiple equity strategies including large-cap, small-cap, and international mandates, as well as a substantial fixed income practice under the direction of Greg Dahlman. Portfolio turnover tends to be low to moderate, reflecting Dana's long-term investment horizon and conviction in its research process. Senior Portfolio Manager David Holt and the investment team emphasize risk-adjusted returns over benchmark-relative performance, constructing portfolios that seek to participate in market upside while providing downside protection. Users can analyze the firm's Sector Allocation History to observe how Dana's ESG-integrated selection criteria influence sector weights relative to traditional benchmarks. The Top 10 Holdings Concentration metric provides insight into diversification characteristics and conviction levels.

Dana Investment Advisors represents a distinctive model within the institutional investment landscape—an independent, employee-owned Midwestern RIA with pioneering credentials in ESG integration and a multi-decade track record serving institutional clients. Under the leadership of CEO Mark Mirsberger and CIO Duane Roberts, the firm has maintained its commitment to responsible investing while adapting to evolving client needs and market conditions. The Brookfield, Wisconsin headquarters reflects Dana's independent character, operating outside traditional financial centers while serving a national institutional client base. The 13F filing history provides observable evidence of the firm's diversified, ESG-integrated equity approach, demonstrating how responsible investment criteria translate into actual portfolio construction. For allocators evaluating Dana's historical capital trajectory, the Sharpe Ratio offers a lens through which to assess risk-adjusted compounding behavior relative to traditional benchmarks. The firm's ESG orientation raises a compelling analytical question: During periods of energy sector outperformance or factor rotations favoring companies with weaker ESG profiles, how does Dana's values-integrated approach impact relative performance, and does the firm's long-term track record demonstrate that ESG integration enhances or detracts from risk-adjusted returns across full market cycles?

The risk profile of Dana Investment Advisors reflects its blend investment style, ESG integration methodology, and commitment to diversified portfolio construction. The firm's approach emphasizes risk-adjusted returns, seeking to deliver competitive performance while managing downside exposure through disciplined security selection and portfolio diversification. ESG integration serves as a risk management tool within Dana's framework, as companies with poor environmental practices, governance deficiencies, or social controversies may face regulatory, reputational, or operational risks that traditional financial analysis might undervalue. This forward-looking risk assessment complements conventional fundamental analysis. Dana's Midwestern institutional culture emphasizes prudent stewardship over aggressive return maximization, aligning with the firm's pension fund and endowment client base where capital preservation carries significant weight. The diversified sector allocation evident in 13F filings suggests a portfolio construction approach that avoids excessive concentration risk. Examining the firm's Max Drawdown Depth through historical 13F replication provides insight into how Dana's risk-conscious approach has performed during market stress periods. The Downside Capture Ratio offers perspective on the firm's stated objective of providing downside protection while participating in market advances. The firm's multi-decade operating history provides substantial data for evaluating risk management consistency across various market environments.