A novel approach to investment stratification

One category
is never
the whole story.

Thematic investing has grown from a niche strategy to a core allocation for RIAs, but the tools haven’t kept up. SIC, NAICS, and GICS assign a single label to companies that earn revenue across many markets. When a holding spans AI infrastructure, defense, and energy in one ticker, one label isn’t exposure analysis. It’s a blind spot. StrataNova maps ~20,000 companies to themes using revenue segmentation and business fundamentals, not inherited classifications.

~20k
Tickers mapped to themes
40+
Proprietary theme categories
1,500+
ETF coverage
500+
Mutual fund coverage
The Problem

Business operations are more diverse than any single code allows.

Amazon reports revenue across six distinct business segments. GICS assigns it one label: Consumer Discretionary. Microsoft spans cloud infrastructure, productivity software, AI services, and gaming. GICS calls it Information Technology. Every legacy classification system forces a multidimensional enterprise into a single bucket — and that distortion compounds when it flows into your portfolio.

StrataNova solves this with revenue segmentation: each company's theme exposure is proportional to what it actually earns across its business lines. The result is a stratification that reflects operational reality, not historical taxonomy.

SIC / NAICS
One code
Est. 1937 / 1997
Single industry assignment
Based on primary activity
Government reporting focus
Static, infrequent updates
GICS
One sector
Est. 1999 (MSCI / S&P)
Still one label per company
Classification lag — slow to reflect shifts
Conglomerates forced into one bucket
Built for index construction, not exposure analysis
StrataNova
Multi-theme
Revenue-segmented
40+ theme dimensions
Proportional to actual revenue
Reflects operational reality
Dynamic — updated as companies evolve
Novel approach
What StrataNova sees vs. what GICS says
Amazon (AMZN)
GICS: Consumer Discretionary
Retail / E-Commerce
28%
Digital Economy
25%
Cloud / SaaS
14%
Media
11%
AI / Machine Learning
8%
Systems Software
7%
Logistics
7%
"Consumer Discretionary" misses 72% of Amazon's actual business exposure.
Microsoft (MSFT)
GICS: Information Technology
Cloud / SaaS
30%
AI / Machine Learning
24%
Systems Software
18%
Application Software
13%
Electronic
8%
Gaming & Media
7%
"Information Technology" tells you nothing about where Microsoft's growth actually comes from.
Products

Four ways to see
what others can't

Built on the same underlying stratification engine — each product surfaces a different dimension of thematic reality.

01
Portfolio Theme Benchmarking
Understand the true thematic composition of any portfolio — and how it diverges from a benchmark. Not by sector weight, but by proportional revenue exposure across 40+ themes. Built for RIAs managing multiple model portfolios.
Theme exposure Benchmark divergence Risk attribution Holdings overlap
02
ETF & Fund Thematic Analysis
Fund names describe a thesis. StrataNova describes what's actually inside. Look through 1,500+ ETFs and 500+ mutual funds to their true thematic exposure, weighted by the business fundamentals of every underlying holding.
ETF look-through Mutual fund coverage SEC NPORT data Theme-weighted holdings
03
Individual Company Analysis
Every company in StrataNova's universe comes with a full thematic breakdown — how much of its revenue maps to each of 40+ themes, sourced from SEC segment filings and earnings reports. Understand a company's operational reality at a glance.
~20,000 companies Revenue segmentation Thematic profile Peer comparison
04
Proprietary Theme Indexes
StrataNova constructs theme indexes from the bottom up, weighted by proportional business exposure, not fund labels. See how themes like AI & Machine Learning or Renewable Energy & Clean Tech have actually performed — based on the companies that earn revenue there, not the funds that claim to track them. Choose between revenue-weighted or market cap adjusted indexes depending on your analytical needs.
Bottom-up construction 40+ theme indexes Fundamentals-weighted
Methodology

How StrataNova maps
~20,000 companies to themes

Revenue segmentation — not labels, not machine-guessed categories — is the foundation of every analysis.

01
Ingest segment filings
SEC ASC 280 segment disclosures and earnings reports are parsed across ~20,000 public companies to extract business line revenue data.
02
Map to theme taxonomy
Each reported segment is mapped to one or more of StrataNova's 40+ proprietary themes using structured classification — not a single-assignment rule.
03
Weight by revenue share
Theme exposure is proportional to actual segment revenue — so a company that earns 60% from cloud and 40% from enterprise software is represented that way.
04
Roll up to any level
Company-level theme profiles aggregate into ETFs, portfolios, benchmarks, and indexes — giving every instrument a multi-dimensional thematic fingerprint.
Adaptive Themes

You define
the taxonomy.

Most classification systems hand you a fixed set of categories and tell you to work within them. StrataNova is different. If a theme matters to your practice — decarbonization, longevity, reshoring, defense tech — we map it. The 40+ themes in our core taxonomy are a starting point, not a constraint. Clients can propose new themes and we'll build the revenue-segmented methodology to support them.

Full Transparency

Every score
has a source.

StrataNova is not a black box. Every thematic exposure score is traceable to the underlying segment filing, earnings disclosure, or revenue data that produced it. If your portfolio shows 14.2% AI exposure, you can follow that number back to the exact companies, the exact business lines, and the exact filings that support it. Your clients can ask why — and you'll have an answer.

Portfolio
Holdings
Segments
SEC Filing
Every exposure score is auditable to its source document.
~20,000
companies mapped to themes based on revenue segmentation
"Most classification systems were designed for government reporting — not investment analysis."
SIC codes were introduced in 1937. NAICS in 1997. GICS in 1999. All of them assign one label per company. Business operations have grown more complex, more diversified, and more dynamic than any single bucket allows. StrataNova is built for how businesses actually operate today.
Early Access

See your portfolio
as it actually is.

StrataNova is accepting a limited number of founding members. Our team will configure the platform around your practice and lock in founding member pricing before public launch.

Request Access
No commitment required · Fewer than 20 founding member spots
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