Cavanal Hill Investment Management

Cavanal Hill Investment Management is a wholly owned subsidiary of BOK Financial Corporation, a $50 billion regional bank headquartered in Tulsa, Oklahoma. The firm was created from the bank's trust department in 1992 and continues to serve as the primary asset management engine for the bank's wealth and fiduciary clients. Its mutual funds are distributed through BOK Financial's brokerage and trust channels.

Michael A. Mathews serves as Chief Investment Officer and leads the firm's investment strategy across equity and fixed-income portfolios. He joined the firm in 2004 and has been the primary architect of its concentrated, quality-focused equity process. The equity research team runs a fundamentally driven, bottom-up selection approach with a portfolio typically holding 25 to 40 U.S. large-cap names.

The firm runs a concentrated, benchmark-agnostic U.S. large-cap equity strategy focused on companies with durable competitive advantages and strong balance sheets. The team looks for businesses with predictable cash flows and management teams that allocate capital rationally. Public filings have shown core holdings in names like Microsoft, Apple, and Berkshire Hathaway.

Yes, the firm manages short-duration and intermediate fixed-income portfolios alongside its equity strategies. Its fixed-income approach emphasizes U.S. Treasuries, government agencies, and investment-grade corporate bonds. Capital preservation and liquidity are prioritized over absolute yield, consistent with the firm's fiduciary heritage within a bank trust department.

Cavanal Hill does not publicly disclose a standalone AUM figure. The firm operates within BOK Financial's broader wealth management division, which reported $104 billion in total assets under management and custody as of year-end 2024. Altss estimates Cavanal Hill's dedicated AUM likely falls in the $1 billion to $5 billion range based on fund asset disclosures and its footprint within BOK Financial.