Dorato Capital Management

2. Key Holdings

The portfolio is heavily anchored by a single conviction position: Aflac Inc (AFL). This is the standout holding, valued at $20.87 million and representing 15.66% of the total portfolio. With 189,000 shares, this is the only position to exceed the 10% threshold, suggesting a strong fundamental thesis on the insurance sector or specific valuation metrics regarding Aflac.

Following Aflac, the portfolio utilizes a heavy allocation to Schwab Strategic Trust ETFs. Positions 2 through 6 and several others further down the list are Schwab funds, totaling a significant portion of the assets. Specifically, the top five Schwab positions range from $6.70M (5.03%) down to $2.94M (2.20%). These likely represent passive exposure to broad market indices, specific sectors, or factor-based strategies (such as dividend growth or value).