P/E Global LLC

Key Holdings

The portfolio is dominated by two "Big Three" passive index funds tracking the S&P 500, which together constitute nearly three-quarters of the total assets.

• Vanguard S&P 500 ETF (VOO): This is the largest position, valued at $555.15 million, representing 40.01% of the portfolio. The firm acquired 885,000 shares, establishing a massive core equity holding.
• iShares Core S&P 500 ETF (IVV): The second-largest holding is valued at $479.06 million (34.52% allocation) with 699,000 shares. The combination of VOO and IVV provides overlapping exposure to the same 500 large-cap U.S. companies, effectively concentrating 74.53% of the fund's capital in the S&P 500.
• iShares MSCI ACWI ETF (ACWI): This position, valued at $249.82 million (18.00%), provides diversification beyond the U.S. by tracking the MSCI All Country World Index. It holds 1.77 million shares and serves as the firm's primary vehicle for international and emerging market exposure.
• Fixed Income Positions: The remaining two positions offer exposure to the bond market. The Vanguard Total International Bond ETF (BNDX) accounts for $61.60 million (4.44%), and the iShares Core U.S. Aggregate Bond ETF (AGG) accounts for $42.00 million (3.03%).