JGP Wealth Management, LLC

Key Holdings and Their Significance

• IVV (iShares S&P 500 ETF): $108.48M (11.31%). The single largest holding; functions as a core S&P 500 equity allocation and likely provides broad large-cap exposure in combination with ITOT.
• AAPL (Apple): $63.00M (6.57%) and MSFT (Microsoft): $38.59M (4.02%). Material single‑name concentration in mega-cap technology: AAPL + MSFT = $101.59M (~10.6%). These are large, deliberate individual bets relative to the portfolio.
• KLAC (KLA Corp): $48.79M (5.08%). A notable overweight to semiconductor equipment/IC manufacturing exposure; this is the largest sector-specific non-ETF industrial holding.
• ITOT (iShares Core S&P Total U.S. Market ETF): $42.46M (4.43%). Along with IVV, this reinforces a core-passive equity sleeve.
• DGRO, DVY and other dividend ETFs (DGRO $34.85M) and several fixed income ETFs (AGG, JPST, SHY, ISTB, BIL) are present but modest in aggregate. DGRO alone is 3.63% and points to a dividend-income sleeve within the equity allocation.
• Other noteworthy names: JPM $26.33M, ADI $21.61M, PNC $20.14M, RTX $16.13M — a mix of financials, industrials/defense, and technology/semiconductor suppliers.

Implication: the portfolio combines a core of broad-market ETFs (IVV, ITOT) with concentrated individual large-cap tech holdings and select sector/specialized positions (semiconductor equipment, industrials, healthcare).