Ashford Advisors, LLC

Key Holdings

The portfolio is dominated by a few massive positions, with the top three holdings comprising approximately 77.34% of the total assets.

1. IVV (iShares Core S&P 500 ETF): This is the cornerstone position, valued at $250.55 million and accounting for 54.86% of the portfolio. With 366,000 shares, this heavy allocation indicates a strong conviction in U.S. large-cap growth, specifically tracking the S&P 500.
2. VTI (Vanguard Total Stock Market ETF): The second-largest holding at $52.75 million (11.55% allocation), providing exposure to the entire U.S. equity market, including mid and small-cap stocks. This complements the S&P 500 exposure offered by IVV.
3. FNDX (Schwab Fundamental U.S. Large Company Index ETF): Valued at $49.94 million (10.93% allocation), this is a strategic "smart beta" position. Unlike market-cap-weighted indices, FNDX weights stocks based on fundamental measures like sales and cash flow, offering a factor-tilt different from the top two holdings.