Charles Schwab Trust Co

The portfolio is highly diversified, holding 171 distinct positions. The composition is heavily skewed toward Exchange Traded Funds (ETFs), which account for approximately 81.5% of the total portfolio value ($1.24B). This indicates a "core-satellite" or purely passive investment strategy, likely employed to achieve broad market exposure at low costs. The sheer volume of new positions (37 new entries) combined with the massive inflow of capital points to a deployment phase where the manager is establishing a foundational asset allocation model.

2. Key Holdings