Colorado Capital Management, Inc.

The portfolio exhibits a high degree of diversification, comprising 105 total holdings. However, the turnover rate was exceptionally high this quarter. The filing indicates a major restructuring: 28 new positions were initiated, 24 positions were sold completely, and only 3 positions remained unchanged. This level of churn relative to the portfolio size indicates a dynamic reallocation of assets rather than a passive buy-and-hold strategy. The average position size is approximately $2.5K, reflecting a highly fragmented approach typical of model portfolios or advisory services seeking broad exposure rather than concentrated stock picking.

Key Holdings