ASSET PLANNING SERVICES INC /LA/ /ADV

The portfolio now comprises 35 holdings, up from a much smaller number in the previous quarter (implied by the high count of "New Positions"). The manager has moved from a concentrated strategy to a highly diversified one. The portfolio is characterized by a blend of individual blue-chip equities and passive ETF exposure. The holdings list suggests a "Core and Satellite" approach, where large-cap positions form the foundation, supplemented by sector-specific and small-cap ETFs. Despite the growth, the portfolio remains in the small-cap institutional range, consistent with a boutique advisory or wealth management service.

2. Key Holdings