Marest Capital, LLC

2. Key Holdings

The portfolio is dominated by a single massive position: the SPDR S&P 500 ETF Trust (SPY). This holding comprises $108.11 million, or 85.69% of the total portfolio value. The firm increased this stake by $8.78 million (+0.9%), reinforcing a strategy of deriving the bulk of returns from broad U.S. market performance rather than individual stock selection.

Outside of the index fund, the largest active position is JPMorgan Chase & Co. (JPM), which accounts for 4.88% of the portfolio ($6.16M). This suggests a strong conviction in the financial sector, specifically in money-center banks. Meta Platforms (META) follows as the third-largest holding at 2.56% ($3.23M). The remaining top ten positions are relatively small, ranging from 0.21% to 2.34%, indicating that while the manager holds specific views on these companies, they allocate capital conservatively relative to the core SPY position.