Beacon Pointe Advisors, LLC

The portfolio structure is characterized by a "core-satellite" architecture, heavily reliant on institutional-grade ETFs for broad market exposure, supplemented by selective active positions in individual equities. The high number of holdings suggests a strategy focused on risk mitigation through broad diversification rather than concentrated stock picking. The turnover analysis indicates an active management stance, with 61 positions seeing changes (16 increases, 23 reductions, 11 new, and 11 exits), though the aggregate allocation shifts suggest a tactical rebalancing rather than a strategic overhaul.

2. Key Holdings