Biltmore Wealth Management, LLC

Key Holdings

The top ten holdings are exclusively ETFs, reinforcing the firm's reliance on sector-specific exposure rather than individual stock picking for the portfolio's foundation.

1. XLI (Industrials Select Sector SPDR): The largest position at $34.75M (13.12%). This represents a significant overweight to the industrial sector, likely betting on economic expansion, infrastructure spending, and manufacturing resilience.
2. XLK (Technology Select Sector SPDR): The second-largest holding at $31.44M (11.87%). This provides broad exposure to the technology sector, capturing growth in software, hardware, and semiconductors without single-stock idiosyncratic risk.
3. XLV (Healthcare Select Sector SPDR): Holding $27.33M (10.32%), this provides defensive stability and exposure to pharmaceuticals, biotech, and healthcare providers.
4. XLY (Consumer Discretionary Select Sector SPDR): At $23.74M (8.96%), this indicates confidence in consumer spending and economic strength.
5. SMMU (PIMCO Enhanced Short Maturity Active ETF): Comprising $20.38M (7.69%), this is a substantial cash-alternative position. It suggests the firm is maintaining a liquidity buffer or seeking yield with lower interest rate risk.