Campbell Deegan Wealth Management, LLC

Key Holdings

The portfolio is heavily concentrated in its top positions, with the top three holdings accounting for approximately 53% of the total assets.

• Fidelity Covington Trust and SPGP (Invesco S&P 500 Equal Weight ETF): Both positions are valued at $22.05M (17.80% allocation each). The concentration in SPGP suggests a preference for equal-weight strategies over market-cap-weighted indices, potentially aiming to reduce concentration risk associated with mega-cap technology stocks.
• VTV (Vanguard Value ETF): This is the third-largest holding at $20.65M (16.67% allocation). This indicates a strong tilt toward value factors, balancing the equal-weight approach of SPGP.
• J.P. Morgan Exchange Traded Fund: The fourth position, valued at $16.86M (13.61%), likely represents a core fixed income or diversified income strategy, complementing the equity-heavy top three.
• VUG (Vanguard Growth ETF): Valued at $8.07M (6.51%), this holding provides exposure to growth companies, creating a "Barbell" strategy when combined with the significant value allocation in VTV.