Arlington Financial Advisors, LLC

The portfolio consists of 106 holdings, reflecting a moderate level of diversification. The firm employs a "Core-Satellite" or "Fund of Funds" approach, utilizing a heavy mix of ETFs to achieve broad exposure while supplementing with selective individual equities. The turnover for the quarter was notably high, with the firm executing 54 changes (27 new positions and 27 exits). This high churn rate relative to the total number of holdings suggests an active management strategy focused on tactical reallocation rather than passive buy-and-hold.

2. Key Holdings

The portfolio is heavily concentrated in its top ten positions, which account for approximately 49.6% of the total portfolio value. The top three holdings are remarkably balanced, each hovering around the 7% mark: