Charter Oak Advisors LP

Key Holdings

The portfolio is dominated by two massive positions:

1. Talen Energy Corp (TLN): This is the largest holding, valued at $100.64 million, representing 43.11% of the portfolio. The fund holds 237,000 shares. The sheer size of this position indicates it is the primary driver of the fund's performance variance.
2. SPDR S&P 500 ETF (SPY): The second-largest position is the S&P 500 ETF, valued at $99.93 million, or 42.81% of the portfolio. With 150,000 shares, this holding provides broad market exposure and liquidity.

Outside of these two anchors, the remaining positions are significantly smaller, ranging from roughly 0.2% to 4.6% of the portfolio. Golar LNG Ltd is the third-largest holding at $10.62 million (4.55%), followed by Pentair PLC at $5.35 million (2.29%). The remaining five positions—Intercontinental Exchange (ICE), KBR Inc, Valvoline Inc (VVV), Atmus Filtration Technologies (ATMU), and EOS Energy Enterprises Inc—collectively account for less than 7.3% of the total assets.