Beacon Capital Management, LLC

Key Holdings

The portfolio is highly concentrated in its top ten positions, which account for approximately 71% of the total assets. The dominance of passive investment vehicles is the most striking feature:

• SPY (SPDR S&P 500 ETF TR) is the largest holding at $133.96 million (19.04%), serving as the primary core equity exposure.
• INVESCO QQQ TR was established as a major new position, immediately becoming the second-largest holding at $74.67 million (10.61%), signaling a significant tilt toward large-cap growth and technology.
• Vanguard ETFs (MGK, VTI, VUG) collectively represent over 23% of the portfolio, reinforcing a preference for low-cost, broad market and growth index exposure.
• PIMCO ETF TR holds a substantial weight of 9.21% ($64.81M), acting as the portfolio’s primary fixed income or income allocation.

Individual equities play a secondary but notable role. NVIDIA (NVDA), Apple (AAPL), and Amazon (AMZN) are the top individual stock picks, with NVDA comprising 2.00% of the portfolio. The presence of Strategy (MSTR) at 0.24% indicates a specific, albeit smaller, exposure to cryptocurrency volatility via a proxy equity.