Capital CS Group, LLC

2. Key Holdings

The most striking feature of this filing is the extreme concentration in the top position, United Parcel Service (UPS). A new position constituting 219,000 shares, UPS is valued at $21.75 million, representing a massive 33.48% of the total portfolio. This is an exceptionally high allocation for a single stock in a diversified portfolio, signaling a strong high-conviction bet on the industrials sector.

Beyond UPS, the manager utilizes ETFs heavily for core exposure. The second through ninth largest positions are all ETFs, including SCHG (Schwab U.S. Large-Cap Growth) at 5.24%, VOO (Vanguard S&P 500) at 4.99%, and QQQ (Invesco QQQ Trust) at 4.59%. This creates a "barbell" strategy where the manager seeks alpha through a concentrated UPS bet while maintaining beta exposure through liquid, large-cap growth and index funds.