Baer Investment Advisory LLC

The portfolio composition shifted from a concentrated strategy to a more diversified one, increasing the number of holdings from a previous lower count (implied by the high turnover) to 36 current securities. The management style is active and high-conviction, evidenced by a dramatic turnover rate: the firm established 19 new positions and exited 3, while significantly reducing 4 existing stakes. This suggests a deliberate pivot in strategy rather than mere portfolio rebalancing.

2. Key Holdings

The portfolio is anchored by a "Who's Who" of the technology sector, with a clear preference for semiconductor and software giants.