Avantax Planning Partners, Inc.

Avantax Planning Partners' 13F is one of the most architecturally explicit ETF-managed books in the SEC filings universe: 84 percent of gross assets sits inside a small number of Schwab Strategic Trust ETFs — SCHG (U.S. growth), SCHV (U.S. value), SCHF (international developed), SCHZ (U.S. aggregate bonds), SCHD (U.S. dividend equity) — layered with JPMorgan and SPDR fixed-income ETFs and a Dimensional small-cap sleeve. The single-name equity overlay on top of that structure — Apple, Microsoft, Nvidia, Exxon, Chevron and a handful of others — accounts for less than 4 percent of the book. The Q/Q change is legible at the ETF layer: the dividend-growth and international equity sleeves were reduced while the energy sector got its first single-name exposure in the form of new Exxon and Chevron positions.