AUA CAPITAL MANAGEMENT, LLC

The portfolio now comprises 80 holdings, reflecting a diversified approach. The structure indicates a transition from a potentially more concentrated or specialized strategy to a broader, "core-satellite" architecture. The heavy reliance on ETFs (nearly 67% of the portfolio) suggests a focus on beta generation and broad market exposure, while the individual equity positions are concentrated in high-conviction mega-cap names. The massive quarterly turnover—evidenced by 32 new positions and 13 exits—signals a deliberate pivot in the firm’s investment mandate or risk management approach.

2. Key Holdings