Apella Capital, LLC

Portfolio Overview

Apella Capital reported a market value of $5.06 billion as of 2025-12-31, up 92.2% from $2.63 billion on 2025-09-30. The filing lists 531 holdings, indicating a highly diversified portfolio by position count. However, the top 50 holdings comprise roughly 72.6% of disclosed portfolio value, so economic exposure is meaningfully concentrated among the largest ETFs and funds.

A dominant structural feature is heavy use of exchange-traded funds: ETFs total $3.29 billion (about 65...