began

The former Stolper Co is a financial management company that merged with another financial services business to form Wealth Oklahoma in 2025. It initiated a new position in Allison Transmission Holdings (ALSN -2.01%), acquiring 75,606 shares in the third quarter, an estimated $6.4 million trade based on the average price for Q3 2025, according to its October 10, 2025, SEC filing.

What happened

Wealth Oklahoma disclosed the purchase of 75,606 shares of Allison Transmission Holdings in its quarterly report filed with the U.S. Securities and Exchange Commission on October 10, 2025 (SEC filing). The new holding was valued at $6.4 million as of Q3 2025, with the transaction representing 1.9% of Stolper’s $330 million in reportable U.S. equity assets.

What else to know

This is a new position; the stake now accounts for 1.9% of Wealth Oklahoma’s 13F reportable assets as of September 30, 2025.

Top holdings after the filing are as follows:

• BRK-B: $18.96 million (5.75% of AUM) as of 2025-09-30
• JPM: $17.74 million (5.37% of AUM) as of 2025-09-30
• AAPL: $14.90 million (4.52% of AUM) as of 2025-09-30
• GOOGL: $11.92 million (3.6% of AUM) as of 2025-09-30
• COF: $10.73 million (3.25% of AUM as of Q3 2025)

As of October 9, 2025, Allison Transmission shares were priced at $81.02, down 18.4% over the prior year ending October 9, 2025 and underperforming the S&P 500 by 33.9 percentage points over the past year.

The company reported trailing 12-month revenue of $3.2 billion for the period ended June 30, 2025 and net income of $762 million for the period ended June 30, 2025.

Allison Transmission’s dividend yield stood at 1.3% as of October 10, 2025. Shares were 35% below their 52-week high as of October 9, 2025.

Company Overview

Company Snapshot

Allison Transmission designs and manufactures fully automatic transmissions and related parts for commercial, defense, and specialty vehicles. It also offers remanufactured transmissions and aftermarket support.

The company generates revenue primarily through product sales to original equipment manufacturers and aftermarket services, including replacement parts and extended coverage.

Allison Transmission serves a global customer base of OEMs, distributors, dealers, and government agencies, with a focus on commercial vehicle and defense markets.

Image source: Getty Images.

Allison Transmission is a leading provider of fully automatic transmissions for medium- and heavy-duty commercial and defense vehicles worldwide. The company leverages a broad distribution network and long-standing OEM relationships to maintain a strong position in the auto parts sector.

Foolish take

Founded in 1915, Allison Transmission is a veteran of propulsion systems technology. It’s the world’s largest manufacturer of medium and heavy-duty fully automatic transmissions, according to the company.

Allison Transmission’s sales are down slightly year over year. Through the first half of 2025, revenue stood at $1.58 billion compared to $1.61 billion in 2024.

This lack of sales growth is a contributor to the company’s share price decline, adding to its dismal 2025 outlook, which it slashed due to softness in demand in some of its end markets, such as for medium-duty trucks. Allison Transmission now expects 2025 revenue to come in between $3.1 billion to $3.2 billion, down from $3.2 billion to $3.3 billion.

With Allison Transmission shares hovering around a 52-week low, Wealth Oklahoma took advantage to initiate a position in the stock. This speaks to Wealth Oklahoma’s belief that Allison Transmission can bounce back. This might be the case, given Allison’s recent acquisition of Dana Incorporated, which provides drivetrain and propulsion systems in over 25 countries.

With a price-to-earnings ratio of 9, Allison Transmission’s valuation looks attractive, which also explains Wealth Oklahoma’s purchase. The stock certainly looks like it’s in buy territory.

Glossary

13F reportable assets: U.S. equity holdings that institutional investment managers must disclose quarterly to the SEC on Form 13F.
AUM (Assets Under Management): The total market value of investments managed on behalf of clients by a financial institution or fund manager.
Dividend yield: Annual dividend payments divided by the share price, expressed as a percentage, showing income return on investment.
Trailing twelve months (TTM): The 12-month period ending with the most recent quarterly report.
Original equipment manufacturer (OEM): A company that produces parts or equipment that may be marketed by another manufacturer.
Aftermarket services: Products and support provided after the original sale, such as replacement parts, maintenance, or extended warranties.
Stake: The amount or percentage of ownership an investor or institution holds in a company.
Quarterly report: A financial statement filed every three months, detailing a company’s performance and financial position.
Distribution network: The system of intermediaries, such as dealers and distributors, through which a company sells its products.
Defense market: The sector focused on supplying products and services to military and government defense agencies.

LITTLE ROCK, Ark. — Arkansas Gov. Bill Clinton and Jesse Jackson continued firing verbal shots at each other Friday, escalating a week-old battle that risks extending into next month’s Democratic National Convention.

Clinton, the presumptive Democratic presidential nominee, suggested that Jackson is using “for his own purposes” the controversy that followed Clinton’s condemnation of a black rapper during a Rainbow Coalition speech last Saturday.

Responding to questions during a televised appearance before a convention of radio talk-show hosts in Washington, Clinton said Jackson’s continuing anger over the incident is “a mystery to me,” especially considering the fact that Jackson seems more angry now than he did a week ago.

“Each day the temperature has been turned up,” Clinton said.

In an interview published Friday in the New York Times, Jackson was quoted as saying Clinton used the speech before his organization to “stage a well-planned sneak attack, without the courage to confront but with a calculation to embarrass.”

Jackson also said Clinton was using the rapper’s comments to advance his presidential campaign with white voters by “containing Jackson and isolating Jackson.” Such a racial appeal, he said, “again exposed a character flaw” in Clinton, a reference to questions about Clinton’s morality that the candidate has worked hard to erase in the minds of voters.

The interview was the latest in a series of efforts by Jackson to exclaim how offended and embarrassed he was by Clinton’s behavior.

In a telephone interview with the Los Angeles Times earlier this week, Jackson said Clinton failed to address his proposal for a $500-billion program to aid urban areas at the Rainbow meeting, but chose to engage in “a divisive political maneuver” aimed at him.

“Clinton has a ploy and I have a plan,” he said.

In his speech before Jackson’s organization, Clinton complained that rapper Sister Souljah urged blacks to kill whites instead of killing each other. He also chastised the coalition for recognizing Souljah at a convention which was honoring a white man who filmed the Rodney G. King beating and several blacks who risked their lives to rescue white riot victims.

“After I gave that speech, Jesse Jackson invited me to come back that night and play the saxophone,” Clinton told reporters here Friday. “He went back and had a very cordial meeting with me. So all these discoveries of things after the speech are for his own purposes.”

Clinton said he would “not back down” in his criticism of Souljah. “If Jesse Jackson wants to ally himself with that now and claim that’s the way he felt then, that’s his business,” Clinton said. He added: “Something has happened since the speech. This is not about the speech.”

If Jackson continues drawing attention to his dispute with Clinton, it risks becoming an issue at the July nominating convention, a prospect that Clinton forces had not anticipated.

Many key Democratic Party officials are former Jackson associates, including chairman Ronald H. Brown, but they were hoping for a harmonious meeting that could showcase Clinton. The dispute dominated discussions during convention planning sessions in New York on Friday, where Washington, D.C., Mayor Sharon Pratt Kelly was reportedly selected as a keynote speaker.

Some officials feared that Jackson would use delegates pledged to former California Gov. Edmund G. (Jerry) Brown Jr. to seek the vice presidential nomination, but Jackson denied he was interested.

Jackson is publicly flirting with the independent candidacy of Texas businessman Ross Perot. But Clinton said he does not believe the controversy with Jackson will cost him black votes. “I’ve got to stand for what I believe and say what I believe and voters either respond one way or the other,” Clinton said.

Times staff writer Geraldine Baum from New York contributed to this story.

Sept. 9 (UPI) — A Miami area condo was showing visible signs of structural strains weeks before it collapsed and killed 98 people, federal investigators revealed Tuesday.

The update from the National Institute of Standards and Technology (NIST) comes four years after the catastrophic collapse of the Champlain Towers building in Surfside, Fla. The incident drew national headlines, leaving questions about what caused the 12-story building to suddenly fall apart.

NIST investigators determined that the collapse likely started in the building’s pool deck instead of the structure of the tower, aligning with preliminary findings into the cause of the incident. Co-lead investigator Glenn Bell said that “it is more likely that the failure started in a pool deck slab-column connection,” according to a news release.

Investigators used computer simulations, large-scale structural testing and signs that the building was in distress weeks before the collapse, according to the release. Those signs included a sliding glass door that had come off its frame, a horizontal crack in a planter wall and a vertical gate shifting so much that it became jammed and could not be opened.

The signs of distress were concentrated in a small area of the pool deck and the street-level parking lot, both of which began to give way at least seven minutes before the rest of the tower collapsed, the release stated. Additionally, a leak in part of the garage ceiling that was cracked had undergone many repairs and became significantly worse a day before the collapse, investigators found.

Investigators are fine-tuning their analysis of the role steel reinforcement corrosion, concrete shrinkage and shoddy construction joints in the pool deck slab had in the collapse. They intend to complete their technical work by the end of the year and draft reports on their findings. A significant update on the investigation is expected by spring 2026.

Previously, Surfside Mayor Charles W. Burkett suggested a sinkhole caused the collapse. Lawyers for victims also argued that construction on a neighboring luxury building destabilized the condos.

The collapse destroyed 55 condominium units and left the remaining 136 units to be demolished. In 202, a Miami Judge approved a $1 billion settlement to surviving family members, condo owners and people injured.