Northwest Quadrant Wealth Management, LLC

The most striking feature of this portfolio is its heavy reliance on exchange-traded funds (ETFs), which account for approximately 91.1% of the total assets ($440.77M). This indicates a "core-satellite" investment strategy, where the vast majority of the portfolio is invested in broad market indices to capture beta (market returns), while a smaller portion is allocated to individual stocks to potentially generate alpha (excess returns). The turnover was exceptionally high this quarter, with 35 new positions initiated and only 3 exits, signaling a complete overhaul of the investment implementation.

Key Holdings