J. L. Bainbridge & Co., Inc.

2. Key Holdings

The portfolio is heavily concentrated in a select group of mega-cap technology and financial leaders, which dominate the top tier of holdings.

• Top Dominance: The three largest positions—Microsoft (MSFT), Apple (AAPL), and Alphabet (GOOGL)—account for nearly 30% of the total portfolio value combined.
  • MSFT is the largest holding at $154.26 million (12.45%).
  • AAPL follows closely at $129.65 million (10.46%).
• Financial & Industrial Exposure: Goldman Sachs (GS) and Eaton Corp represent significant positions outside of pure technology, holding 6.28% and 4.11% of the portfolio respectively.
• Notable Omissions/Underweights: Interestingly, NVIDIA (NVDA), despite being a major component of the current tech rally, is a very small position in this portfolio ($3.23M, 0.26%), suggesting a potential preference for value or cash-flow giants over high-growth semiconductor plays, or perhaps specific risk management regarding AI valuation.
• Buffer ETFs: The firm holds a substantial position in the iShares Large Cap Max Buffer Sep ETF ($49.42M, 3.99%), indicating a use of structured outcomes to manage volatility in a portion of the capital.