Mountain Capital Investment Advisors Inc.

The portfolio currently consists of 93 holdings, indicating a moderately diversified approach. However, the concentration is heavily skewed toward the top positions. The top three holdings alone account for 61.98% of the total portfolio value, with the top ten comprising roughly 84.5%. This high concentration implies a "core and satellite" approach where a few massive positions drive performance, while a long tail of smaller positions provides diversification or tactical exposure.

2. Key Holdings