NORTHEAST PLANNING ASSOCIATES, INC. / NH /

2. Key Holdings

The portfolio is dominated by allocations in precious metals, short-duration income, and specific thematic ETFs.

• iShares Silver Trust (SLV): This is the largest holding, comprising 19.05% of the portfolio ($19.22M). The firm significantly increased this position by 7.3% ($5.34M) during the quarter. This massive allocation indicates a strong defensive or inflation-hedge stance, prioritizing hard assets.
• Victory Portfolios II (Multiple Holdings): The firm holds several distinct share classes of Victory Capital ETFs (likely VictoryShares). Positions #2, #3, and #9 (likely dividend or income-focused strategies based on ticker context) collectively total nearly 30% of the portfolio. Notably, the position listed as holding #2 saw a massive +72.4% increase ($5.80M added), signaling a strong conviction in the fund's specific strategy (likely related to high income or buywrite income).
• JPMorgan Ultra-Short Income ETF (JPST): Accounting for 10.97% ($11.08M), this position highlights a focus on capital preservation and yield, serving as a liquidity buffer within the portfolio.
• VanEck Gold Miners ETF (GDX): Representing 7.90% ($7.97M), this reinforces the "hard asset" theme alongside SLV. However, the firm reduced this stake by -42.3% ($1.45M), potentially taking profits or rotating out of miners in favor of physical silver.