CHILTON CAPITAL MANAGEMENT LLC

Key Holdings

The portfolio is heavily anchored by the "Magnificent Seven" and other large-cap technology leaders, which dominate the top tier of holdings.

• Top Concentration: Microsoft (MSFT) and NVIDIA (NVDA) are the top two positions, accounting for 6.67% and 6.60% of the portfolio, respectively. Combined with Apple (AAPL) at 4.59%, these three technology giants alone represent roughly 18% of the total assets.
• Mega-Cap Dominance: The top five positions—rounded out by Amazon (AMZN) and Alphabet (GOOG)—are all mega-cap corporations, indicating a strong tilt toward liquidity and established market leaders.
• Financial Weight: JPMorgan (JPM) and Visa (V) appear in the top 15, but the financial sector's influence is more pronounced when looking beyond the very top positions, with firms like Morgan Stanley (MS) and Ares Management (ARES) holding significant weight.
• Notable Specific Bet: Quanta Services (PWR) appears as the 8th largest holding (2.32%), a significant position in the industrial infrastructure space, standing out amidst the tech and consumer giants.

Sector Allocation

The portfolio displays a clear pro-cyclical and growth-oriented sector allocation.

• Technology Leadership: The Technology sector is the primary overweight, commanding $754.67 million (approximately 25% of the portfolio). This is driven by positions in semiconductors (NVDA, AVGO), software (MSFT, ORCL), and hardware (AAPL).
• Financial Services: Financial Services is the second-largest sector at $457.89 million. The firm utilizes a mix of traditional banking (JPM), transaction processing (V), asset management (ARES), and Real Estate Investment Trusts (REITs) classified under financials (VTR, PLD, AMT).
• Consumer & Communication: Consumer Cyclical ($310.58M) and Communication Services ($261.84M) are substantial allocations, reflecting exposure to the consumer economy through retail (WMT, TJX, COST) and digital advertising/social media (META, GOOG).
• Defensive & Diversifiers: Healthcare ($219.12M) and Consumer Defensive ($104.83M) provide balance. Additionally, the "Unknown" and "ETF" categories combined total roughly $200M, suggesting a portion of the portfolio is allocated to international or specialized vehicles not strictly categorized in the provided sector breakdown, or cash equivalents.