Delta Wealth Advisors LLC

2. Key Holdings

The portfolio is heavily concentrated in its top positions, with the top 10 holdings accounting for approximately 79% of the total assets.

• Core Dominance: The largest position is ISHARES TR (Ticker: IVV based on value/share context), holding $37.04 million (31.01% of the portfolio). This massive allocation suggests a heavy bet on large-cap U.S. equity performance.
• S&P 500 Exposure: The second and third holdings, VOO ($12.71M, 10.64%) and SPDW ($9.51M, 7.96%), further reinforce a core strategy of tracking the S&P 500. Notably, SPDW provides exposure to international developed markets (ex-US), adding a necessary global diversification element.
• Factor and Smart Beta: Positions 4 through 7 consist of factor-based ETFs. HEFA (International Hedged), SPEM (International Small/Mid Cap), IJH (Mid-Cap 400), and RSP (Equal Weight S&P 500) indicate a sophisticated approach to diversifying beyond simple market-cap weighting.
• Individual Equities: The top individual stock holding is Apple Inc. (AAPL) at $1.53 million (1.28%), followed closely by Eli Lilly (LLY) at $1.13 million. While these are blue-chip names, their allocation is dwarfed by the ETF holdings, suggesting they play a satellite role in the portfolio.