3EDGE Asset Management, LP

The portfolio remains highly diversified in terms of the number of issuers (67 holdings) but is heavily concentrated in Exchange Traded Funds (ETFs). The "Unknown" sector classification, which comprises roughly 33.4% of the portfolio, likely represents fixed income or aggregate bond ETFs where specific sector categorization is broad. The firm’s strategy appears to be "macro-tactical," utilizing ETFs to express views on interest rates, inflation, and international equities rather than selecting individual securities. The high turnover—17 new positions and 17 complete exits—indicates a dynamic management style responsive to shifting macroeconomic indicators.

2. Key Holdings