··:··:·· EST
SPX5,842.12+0.42%NDX20,812.4+0.86%DJI42,138.1−0.14%RTY2,312.4+1.24%VIX14.82−3.12%DXY104.82−0.21%US10Y4.32%−0.86%US2Y4.32%−0.34%BUND102.38%−0.42%EURUSD1.0824+0.14%USDJPY154.8200−0.24%BTC96,420−1.62%GOLD2,682.4+0.48%WTI72.18+1.24%SPX5,842.12+0.42%NDX20,812.4+0.86%DJI42,138.1−0.14%RTY2,312.4+1.24%VIX14.82−3.12%DXY104.82−0.21%US10Y4.32%−0.86%US2Y4.32%−0.34%BUND102.38%−0.42%EURUSD1.0824+0.14%USDJPY154.8200−0.24%BTC96,420−1.62%GOLD2,682.4+0.48%WTI72.18+1.24%
Portfolio

Composition Analysis

Allocation, exposures, drift, and concentration

By Asset Class
NAV
$490.1M
  • Equity47.7%
  • Fixed Income29.8%
  • Alternatives12.2%
  • Cash6.1%
  • Commodities4.3%
Equity by Sector
Equity
$233.9M
  • Technology45.2%
  • Communications15.8%
  • Financials14.4%
  • Consumer12.3%
  • Healthcare11.3%
  • Materials1.0%
By Region
NAV
$490.1M
  • US75.7%
  • Global11.5%
  • Europe10.2%
  • Asia2.7%
Allocation DriftCurrent vs strategic target
±2pp tolerance
Asset ClassTargetCurrentDriftΔ to targetTrade
Equity
55.00%47.72%
−7.28%BUY $35.7M
Fixed Income
25.00%29.79%
+4.79%SELL $23.5M
Alternatives
10.00%12.16%
+2.16%SELL $10.6M
Commodities
5.00%4.25%
−0.75%
Cash
5.00%6.07%
+1.07%
Factor Tiltsvs. ACWI · σ units
  • Quality
    +62.00%
  • Momentum
    +41.00%
  • Growth
    +18.00%
  • Value
    −22.00%
  • Size
    −34.00%
  • Volatility
    −48.00%
  • Yield
    +12.00%
ConcentrationTop 8 single-name positions
SymbolSectorWeightMV
UST 4.25 11/34
US Treasury 4.250% 11/15/34
Fixed Income9.64%$47,241,600
UST 3.875 04/29
US Treasury 3.875% 04/30/29
Fixed Income7.28%$35,676,000
AAPL
Apple Inc.
Technology6.50%$31,880,420
MSFT
Microsoft Corp.
Technology6.00%$29,388,240
MUNI CA 5.0 31
California GO 5.000% 06/01/31
Fixed Income5.63%$27,612,000
NVDA
NVIDIA Corp.
Technology4.75%$23,288,160
BTC
Bitcoin
Alternatives4.72%$23,140,800
USD
US Dollar Cash
Cash4.57%$22,400,000
Equity HeatPosition weight × daily change
AAPL+0.42%TechnologyMSFT−0.11%TechnologyNVDA+2.12%BRK.B+0.16%GOOGL+0.61%META−0.58%AMZN+0.34%LLY+1.42%