Belleair Asset Management, LLC

The portfolio is balanced across asset classes, though with a distinct tilt toward fixed income and factor-based equity strategies. The largest single position accounts for roughly 8% of the total assets, indicating a lack of concentrated idiosyncratic risk at the individual security level. Instead, the firm appears to utilize a "core-satellite" approach, where the "core" is composed of diversified ETFs, and the "satellites" are individual blue-chip equities. The sheer number of holdings (79) relative to the asset size suggests a strategy focused on risk management through broad diversification rather than concentrated stock picking.

2. Key Holdings

The top ten positions are dominated by Vanguard and Dimensional Fund Advisors (DFA) ETFs, suggesting a preference for passive indexing and smart-beta strategies.