Apollon Wealth Management, LLC

2. Key Holdings

The portfolio's top ten holdings account for approximately 25.6% of the total assets, indicating a controlled concentration in the upper tier while maintaining a long tail of smaller positions.

• Dominance of Mega-Cap Tech: The largest individual equity positions are heavily weighted towards the "Magnificent Seven." NVIDIA (NVDA) is the top holding at $245.67 million (4.26%), followed closely by Apple (AAPL) at $228.97 million (3.97%) and Microsoft (MSFT) at $174.89 million (3.03%). This indicates a strong conviction in the technology sector's continued growth, specifically in AI and semiconductors.
• Core ETF Exposure: Interestingly, the third-largest holding is the iShares Core S&P 500 ETF (IVV) at $219.10 million (3.80%), followed by Vanguard S&P 500 ETF (VOO). This suggests that a significant portion of the portfolio's "beta" is derived from standard S&P 500 exposure, while the individual stock picks are used to generate excess returns.
• Strategic ETFs: Beyond broad market funds, the firm utilizes specific factor ETFs such as VONG (Vanguard Growth ETF) and AVLV (American Century Sustainable Equity ETF), pointing to a tactical tilt towards growth and sustainable investment factors within the core allocation.