BCS Wealth Management

Key Holdings

The portfolio is anchored by a massive allocation to broad market equity ETFs, with the Vanguard S&P 500 ETF (VOO) emerging as the dominant position, comprising 9.62% of the portfolio at $95.21M. This is a new position established during the quarter. Following VOO, the firm utilizes a tiered approach to market exposure:

• Large Cap U.S. Equity: The Schwab U.S. Large-Cap ETF (SCHX) holds the second spot at $36.19M (3.65%).
• International Equity: The Schwab International Large-Cap ETF (SCHF) is the third-largest holding at $31.54M (3.19%).
• Defensive Staples: The first individual stock in the top ten is Procter & Gamble (PG) at $27.60M (2.79%), signaling a tilt toward defensive non-cyclical revenue.
• Fixed Income: The iShares Core U.S. Aggregate Bond ETF (AGG) represents a significant fixed income allocation at $24.65M (2.49%).

Notably, the firm holds a concentration of Buffered ETFs (Invesco S&P 500 Buffered series, tickers starting with BSC), with BSCQ and BSCR holding significant weight. These structured products offer defined outcome strategies, indicating a focus on capital preservation or risk mitigation in a volatile market environment.