Buttonwood Financial Group, LLC

The portfolio is overwhelmingly comprised of Exchange Traded Funds (ETFs), accounting for approximately 76% of the total value ($143.06M), with the remainder classified as Financial Services (specifically gold) and Unknown/Other classifications. The firm employs a "core-satellite" or model portfolio approach, utilizing ETFs to gain exposure to specific asset classes, factors, and themes rather than selecting individual stocks. The substantial increase in portfolio value—coupled with the high turnover in positions (17 new, 0 sold, 15 reduced)—indicates an active management style focused on tactical asset allocation and rebalancing rather than a passive buy-and-hold strategy.

2. Key Holdings

The portfolio is dominated by a few large positions that constitute a significant portion of the total assets. The top three holdings alone account for 54.06% of the entire portfolio: