Financial Planning Navigators CORP

2. Key Holdings

The portfolio is dominated by a few mega-cap ETF positions that serve as the core anchors of the strategy.

• VV (Vanguard Large-Cap ETF): This is the largest holding, valued at $53.93 million, representing 24.76% of the portfolio. This significant allocation indicates a strong conviction in U.S. large-cap growth and value companies.
• VEA (Vanguard FTSE Developed Markets ETF): The second-largest position at $45.07 million (20.69%), provides exposure to developed international markets (ex-U.S. and Canada). This, combined with VV, suggests a "core-satellite" approach where the portfolio is split primarily between U.S. and international developed markets.
• SCHM (Schwab U.S. Large-Cap ETF): Holding $22.27 million (10.22%), this reinforces the firm's heavy tilt toward U.S. large-cap equities. Interestingly, the firm holds three distinct U.S. large-cap ETFs (VV, SCHM, and smaller positions in IVV and VOO), which may be a result of different client accounts utilizing different share classes or legacy holdings.
• Fixed Income Sleeve: The firm holds a substantial basket of bond ETFs, including DFEM ($15.67M), BNDX ($8.36M), STIP ($8.36M), AGG ($8.30M), and SPIB ($8.29M). This cluster, totaling roughly 15% of the portfolio, indicates a dedicated focus on income generation and capital preservation through diversified fixed income exposure (Treasuries, corporates, and international bonds).