Castellan Group

Key Holdings

The portfolio is dominated by three massive positions in EA SERIES TRUST, which together account for approximately 74.03% of the total assets:

1. Position 1: $428.63M (53.90%)
2. Position 2: $149.03M (18.74%)
3. Position 4: $11.06M (1.39%)

Outside of these dominant trusts, the portfolio adopts a barbell strategy with a mix of mega-cap technology stocks and specific ETFs. Alphabet Inc. (GOOG) represents the largest single equity holding outside the trusts, valued at $11.64 million (1.46%). The remaining top positions are evenly distributed, typically ranging between 0.5% and 1.0% of the portfolio. Notable names include Microsoft (MSFT), Amazon (AMZN), and Apple (AAPL), alongside the SPDR S&P 500 ETF (SPY). This structure suggests that while the core of the portfolio is tied to the performance of the EA Series Trusts, the "satellite" positions provide diversified exposure to broad market growth and specific sectors.