NOTTINGHAM ADVISORS, INC.

Nottingham Advisors' $776.9 million portfolio is built almost entirely from ETFs — 110 of its 112 positions are fund products spanning international equity, bonds, and factor tilts. The one exception this quarter: Third Coast Bancshares, a brand-new $1.4 million position and the only individual company stock anywhere in the book. That structural oddity sits alongside real, broad-based ETF buying: the iShares MBS ETF (MBB) grew 16.9% (a real $10.9 million purchase, the largest flow in the portfolio), JPMorgan Equity Premium Income (JEPI) grew 21.6% ($8.2 million real buy), and the AAA CLO ETF (JAAA) grew 24.8% ($7.5 million real buy). A gold ETF CUSIP reissuance masked a real 4.3% share reduction, while five other funds — including the T-bill ETF SGOV ($7.2 million) — were closed out entirely.