Capasso Planning Partners LLC

2. Key Holdings

The portfolio is dominated by a small cluster of large-cap ETFs, which form the core of the firm's strategy. The top five positions account for approximately 73.34% of the total assets, indicating a high concentration risk.

• SPY (SPDR S&P 500 ETF TR): This is the largest holding at $38.46 million, representing 35.31% of the portfolio. Despite a reduction of 22.8% (selling $7.75 million worth of shares) during the quarter, SPY remains the anchor, providing broad exposure to U.S. large-cap equities.
• SPTM (SPDR Portfolio S&P 1500 ETF): The second-largest position at $14.68 million (13.47%). The firm increased this stake by 3.2%, suggesting a preference for this fund as a diversified "total market" complement to the S&P 500 exposure.
• SPTI (SPDR Portfolio Intermediate Term Treasury ETF): Comprising $10.19 million (9.36%), this position highlights a significant allocation to fixed income, specifically intermediate-term U.S. Treasuries, likely for income generation and capital preservation.
• FTSM (First Trust Low Duration ETF): Holding $8.59 million (9.36%), this ETF focuses on low-duration bonds. The firm reduced this position by 21.9%, potentially to raise cash or adjust interest rate sensitivity.
• SLYV (SPDR Portfolio S&P 600 Small Cap ETF): A notable allocation of $7.20 million (6.61%) to small-cap value equities. The firm increased this position by 5.0%, signaling a tilt toward domestic small-cap value.