ELLERSON GROUP INC /ADV

2. Key Holdings

The portfolio is heavily dominated by the technology sector, specifically leaders in artificial intelligence and software infrastructure.

• NVIDIA Corporation (NVDA) & Palantir Technologies Inc (PLTR): These are the twin pillars of the portfolio, representing 19.41% and 19.28% respectively. Despite both being top holdings, the manager reduced exposure to both during the quarter (NVDA by -16.4% and PLTR by -16.3%). This suggests a disciplined profit-taking strategy following the period's significant price appreciation, allowing the firm to lock in gains while maintaining a dominant overweight position.
• Oracle Corp (ORCL): The third-largest holding at 9.18%, Oracle saw the largest absolute dollar increase of the quarter, with an additional $4.30 million invested. This indicates a strong conviction in legacy enterprise IT and cloud infrastructure growth.
• Alphabet Inc (GOOG/GOOGL): The manager holds both share classes of Alphabet, totaling 7.84% of the portfolio. The firm reduced the Class A shares (GOOG) slightly while adding to Class C shares (GOOGL), likely a rebalancing move rather than a change in thesis.
• Financial & Energy Diversifiers: Outside of tech, JPMorgan Chase (4.17%) and Kinder Morgan (4.73%) serve as defensive anchors, providing exposure to financials and utilities with steady cash flows.