IMZ Advisory Inc

2. Key Holdings

The portfolio is dominated by the "Select Sector SPDR" suite of ETFs, which allows the manager to overweight specific sectors of the S&P 500 rather than holding the entire index. The top five positions account for 61.9% of total assets, indicating a strong conviction in these particular areas of the market:

• XLK (Technology) - $72.20M (26.43%): This is the single largest holding, representing a massive overweight to the technology sector compared to a standard S&P 500 weighting.
• XLF (Financials) - $29.03M (10.63%): A significant bet on the financial sector, likely driven by interest rate expectations or economic recovery plays.
• XLC (Communication Services) - $24.07M (8.81%): Heavy exposure to telecom, media, and internet services.
• XLY (Consumer Discretionary) - $23.47M (8.59%): A bet on consumer spending and economic growth.
• XLV (Healthcare) - $20.60M (7.54%): Defensive exposure to the healthcare industry.