CreativeOne Wealth, LLC

On the U.S. equity side, the firm rotated out of factor-oriented and growth-biased vehicles. BlackRock's DYNF dynamic equity ETF was reduced 9.3% to $59.4M, Vanguard's VUG growth ETF fell 0.4% to $83.1M, and iShares' IVE S&P 500 value ETF was trimmed 3.5%. Meanwhile, the advisor added to the highest-conviction core names: Apple gained 14.9% in share count to $102.9M, Microsoft rose 8.7% to $55.5M, and Nvidia increased 3.5% to $85.7M. Amazon shares edged up 2.8% while Alphabet's Class A stake was cut 21% to $40.7M, and both Meta and Tesla were eliminated entirely despite higher share counts—mark-to-market declines on earlier entry prices drove the exits.

Fixed income saw a notable tactical shift. The advisor reduced Vanguard's BSV short-term bond ETF and iShares' EFV value-weighted equity ETF, but added to PIMCO's total-return BOND ETF (+$5.3M to $77.1M) and initiated iShares' GOVT Treasury ETF at $31.8M. The GOVT debut, combined with a new $60.4M position in iShares' SGOV short-Treasury ETF, suggests a rising cash weighting at the margin—though the portfolio remains fully invested.