Alternative Investment Advisors, LLC.

The current portfolio represents a shift away from a passive, fixed-income heavy allocation toward a more concentrated, high-conviction strategy with significant exposure to leveraged ETFs and specific technology equities. The massive outflow of capital suggests either a substantial client redemption, a strategic pivot by the firm, or a large distribution that was not offset by new inflows. The remaining portfolio is highly concentrated, with the top 10 positions accounting for approximately 88% of the total value.

2. Key Holdings

The portfolio is currently led by DYNF (BlackRock ETF Trust), which constitutes 23.08% ($7.87M) of the portfolio. This represents the largest single position, suggesting a core reliance on this specific fund for stability or income.