PEAVINE CAPITAL, LLC

Key Holdings

The portfolio is dominated by passive investment vehicles, suggesting a focus on beta exposure rather than stock selection.

• SPDR S&P 500 ETF Trust (SPY): This is the largest holding, valued at $201.55M, representing 42.59% of the portfolio. Despite a minor reduction of 1.2% ($2.20M), it remains the core equity exposure.
• iShares 7-10 Year Treasury Bond ETF (IEF): This is a massive new position valued at $173.67M, accounting for 36.70% of the portfolio. The acquisition of 1.81 million shares indicates a strong conviction in intermediate-term fixed income.
• iShares Trust (Unknown Ticker): The third largest holding is listed simply as "ISHARES TR" with a value of $88.93M (18.79%). Given the context of the other holdings, this is likely a fixed income or specific factor ETF, though the exact ticker is not specified in the data.
• Apple Inc. (AAPL): The largest individual equity position outside of ETFs, valued at $5.48M (1.16%). This is a new position, suggesting a tactical tilt toward large-cap technology.