Provident Living Financial Services, Inc.

2. Key Holdings

The portfolio is dominated by a few significant positions that heavily influence its performance profile:

• SOFI Technologies Inc (SOFI): This is the standout position, valued at $22.24 million and representing 21.85% of the entire portfolio. With 947,000 shares held, this massive overweight position signals an extremely high conviction bet on the fintech sector. It is an aggressive allocation that exposes the portfolio significantly to the volatility of a single stock.
• Fixed Income ETFs (FBND & RBB): The second and third largest positions are fixed-income funds, totaling nearly $20 million (approx. 19.6% combined). The Fidelity Merrimack Str Tr (FBND) and RBB Fund Trust act as the portfolio's stability anchors, likely providing yield and offsetting the equity risk, particularly the risk associated with the large SOFI position.
• Major Money Center Banks: The portfolio has substantial exposure to traditional banking, holding Citigroup (C) at 6.44% ($6.55M) and Bank of America (BAC) at 5.60% ($5.71M). This indicates a strong thematic tilt toward the financial sector, betting on the resilience and profitability of major US banks.
• Technology Giants: The portfolio holds core positions in Apple (AAPL) (3.79%), NVIDIA (NVDA) (1.35%), Microsoft (MSFT) (1.28%), and Alphabet (GOOGL) (1.98%), ensuring exposure to the secular growth trends in large-cap technology.