NWF Advisory Services Inc.

That foundation did shift in Q1 2026. Against a prior-year-end total of $904.9 million, the report-date value fell to $885.6 million, a modest 2.1% pullback that the changes section explains with unusual clarity. The advisor sold two positions outright: Broadcom, which had contributed $4.4 million, and Capital Group's CGSD fixed-income ETF, also $4.4 million. In their place came two new entries—Coca-Cola at $4.4 million and Kayne Anderson Energy Infrastructure at $4.3 million—that together recycled the divestiture capital almost dollar for dollar.

The more meaningful story is inside the largest holdings. Apple was reduced 7.1% to $30.9 million, Microsoft was cut 5.9% to $7.1 million, and Alphabet dropped 2.0% to $23.0 million. Nvidia, which had been worth $17.0 million at year-end 2025, now accounts for $15.1 million after a 4.8% share reduction. Those four trims released roughly $22 million from the growth sleeve. Meanwhile, Citi was reduced by a sharp 25.0% to $8.0 million—a signal that the advisor views the cyclically sensitive bank as the first port to reduce when financial conditions turn uncertain—while Visa and American Express were both increased modestly, suggesting a preference for payments networks over deposit-taking lenders.