Alaethes Wealth, LLC

Alaethes Wealth LLC's $350M, 124-name 13F for Q1 2026 is structurally an institutional fixed-income mandate with equity sleeve overlay: the top layer is dominated by VGIT (intermediate-term Treasury ETF at 10.2%) and VCRB (corporate bond ETF at 9.1%), two fixed-income vehicles that together command 19.3% of portfolio and establish a bond-first investment framework. With AAPL (3.8%) and NVDA (3.5%) as the leading single-name equity positions, the equity sleeve is real but is secondary to the bond-ETF core, while whaleScore of 55.25 reflects concentration through vehicle selection in a mandate where the manager's primary alpha expression is interest-rate and credit-sleeve construction rather than company-level equity research. Two ETFs among the top eight keeps this filer technically at the ETF-moderate boundary rather than the extreme, but the construction pattern — fixed-income vehicles as the architectural anchor — is nevertheless consistent with a multi-sleeve wrapper product rather than a single-stock research engine.