Prime Capital Investment Advisors, LLC

Key Holdings and Their Significance

• AGG (iShares Core U.S. Aggregate Bond ETF): $489.95M (5.97%). This is the largest single holding and the largest net activity of the quarter (+$147.81M, +43.7%). AGG’s prominence and the large add indicate material exposure to investment-grade U.S. aggregate bonds at the fund level and a meaningful ballast to equity risk.
• Broad U.S. equity ETFs (VTI $373.42M / 4.55%, ITOT $230.13M / 2.80%, IVV $161.77M / 1.97%, VOO $129.02M / 1.57%, SPY $99.81M / 1.22%): Combined these passive U.S. equity ETFs are core to the portfolio and indicate a substantial indexing approach to U.S. equity exposure. VTI as the second-largest holding signals a preference for total-market coverage as part of the core.
• Large-cap active/selected equities: AAPL $218.36M (2.66%), NVDA $209.40M (2.55%), MSFT $160.30M (1.95%), AMZN $122.18M (1.49%), GOOGL/GOOG combined ~$150.9M (~1.84%). These individual positions show concentrated exposure to high-conviction large-cap technology and consumer internet names outside the ETF sleeve.
• Fixed income and interest-rate-sensitive ETFs in the top 50: BND, BNDX, GOVT, BONDBLOXX, VTEB, MUB, SCHP, BSV, USHY, and a long-term Treasury fund sum to ~ $1.13B across the top 50 (≈13.8% of the portfolio). This indicates a diversified fixed-income sleeve across nominal, international, municipal, short-term, TIPS, and long-duration exposures.
• International equity ETFs and EM exposure: VGK $170.41M, SCHF $140.24M, IXUS $97.78M, AVLV (emerging) $96.38M, IEFA $62.30M, VPL $61.06M, EFA $57.28M — representing a meaningful, but smaller, allocation to developed international and emerging markets (combined well under the U.S. equity allocation).

Sector Allocation and Notable Tilts

• By the provided sector buckets, ETFs dominate at $3.70B (45.1%). Technology is listed at $722.18M (8.8% of the portfolio), Communication Services $206.75M (2.5%), and Consumer Cyclical $200.85M (2.4%). Healthcare is only $76.00M (0.9%) in the top-level sector breakdown.
• Observations:
  • The “ETF” bucket is the single largest allocation and hides much of the sector exposure (e.g., technology exposure inside large-cap ETFs). As a reporting artifact, the portfolio’s sector-level risk may be materially higher than the explicit “Technology 8.8%” figure once ETF holdings’ sector weights are considered.
  • Fixed-income exposure, when mapped across bond ETFs in the top 50, is substantive (~$1.13B among top-50 bond ETFs, ~13.8% of the total). This, together with AGG as the single largest position, shows an explicit allocation to reduce portfolio volatility and manage interest-rate or credit risk.
  • International and EM equities are present but do not dominate — the portfolio exhibits a US-centric tilt via large holdings in total-market and S&P500 ETFs.