FRG Family Wealth Advisors LLC

The portfolio consists of 160 holdings, reflecting a high degree of diversification. The firm utilizes a hybrid approach, combining direct equity ownership with a heavy reliance on Exchange Traded Funds (ETFs). The activity level during the quarter was exceptionally high, with the firm executing 30 new positions and 30 complete exits, indicating a thorough restructuring or rotation of capital. This churn rate, combined with the massive increase in Assets Under Management (AUM), points to an active management strategy designed to deploy capital quickly into high-conviction themes while maintaining broad market exposure through funds.

2. Key Holdings