Cordant, Inc.

2. Key Holdings

The portfolio is dominated by large-cap, liquid ETFs that track broad market indices, indicating a focus on beta generation rather than stock picking.

• Top Positions: The three largest holdings—VEA ($32.70M), VGSH ($27.52M), and VTI ($26.92M)—collectively represent 36.54% of the portfolio.
  • VEA (Vanguard FTSE Developed Markets): At 13.71% of the portfolio, this is the largest single position, signaling a strong conviction in international developed equities.
  • VGSH (Vanguard Short-Term Treasury): Comprising 11.54% of the portfolio, this indicates a defensive posture regarding cash equivalents or a need for liquidity, as this fund invests in U.S. Treasury bonds with 1-3 year maturities.
  • VTI (Vanguard Total Stock Market): Representing 11.29%, this provides broad exposure to the entire U.S. equity market.
• Fixed Income & Real Estate: There is notable exposure to intermediate-term corporate bonds (VCIT, 6.01%) and short-term corporate bonds (VCSH, 5.96%), as well as Real Estate (VNQ, 4.89%).
• Individual Equities: Direct stock picking is minimal. The only significant individual holdings are Alphabet Inc. (GOOG) at 2.41% ($5.76M) and Amazon.com Inc. (AMZN) at 1.11% ($2.64M). Major technology stocks like Apple, Microsoft, and NVIDIA are present but represent negligible fractions of the portfolio (all less than 0.3%).