Freedom Investment Management, Inc.

Taken together, the filing shows a rapid and large-scale repositioning quarter-over-quarter toward ETF-based exposures and away from several previously held, traditional market-cap index ETFs and large-cap individual stocks.

Key Holdings and Their Significance

• Dimensional ETFs (DUHP, DFUS, DFIC, DFAE, DFSV, DFAT, DFAS, DFAC, DFIV, DIHP, etc.): Dimensional funds are the largest single grouping. The top three Dimensional holdings (DUHP $55.05M, DFUS $45.29M, DFIC $32.57M) together represent $132.91M or 35.1% of the portfolio. Counting the broader set of Dimensional tickers in the top 50 increases that share substantially. This indicates a dominant exposure to factor-based strategies (Dimensional’s suite), which typically implement size, value, and other systematic tilts.
• VTV (Vanguard Value ETF) $31.38M (8.30%): A large-cap value ETF; alongside Dimensional exposures, this points to a value tilt within U.S. equity exposure.
• WISDOMTREE TR $20.60M (5.45%) and other actively managed/strategy ETFs (American Century, iShares, PIMCO BOND $9.57M): These add non-core active or income-oriented exposures.
• Core index and sector ETFs now much smaller: VOO $2.17M (0.57%), SPY $1.25M (0.33%), XLK $2.81M (0.74%), XLF $1.45M (0.38%) — this is a meaningful departure from a conventional market-cap core weight.
• Individual stocks are de minimis in this filing: AAPL $2.77M (0.73%), NVDA $1.04M (0.27%), BRK/A $1.51M (0.40%). No single name dominates.