Power Alpha Investment Ltd

Key Holdings

The portfolio is dominated by large-cap US equity index funds. The largest position is the SPDR S&P 500 ETF Trust (SPY), which accounts for 92.14% of the portfolio, valued at $896.34 million. This represents a massive bet on the broad US market. The second holding is the Vanguard S&P 500 ETF (VOO), comprising 6.18% ($60.08 million). Notably, SPY and VOO track the same underlying index (the S&P 500), resulting in a combined exposure of over 98% to this specific benchmark.

The remaining holdings are marginal in terms of portfolio weight. The iShares Core S&P 500 ETF (IVV) holds 0.65%, further reinforcing the S&P 500 concentration. The VanEck Semiconductor ETF (SMH) is the only non-broad-market ETF position, representing a 0.56% tilt toward the technology sector. Finally, Berkshire Hathaway Inc. (BRK/B) is the sole individual stock holding, making up 0.48% of the portfolio.