Randall & Associates Wealth Management

2. Key Holdings

The portfolio is heavily concentrated in its top positions, with the top ten holdings accounting for approximately 69.4% of the total portfolio value.

• Dominant ETF Positions: The largest position is a First Trust Exchange-Traded Fund (Ticker: FPX based on "FIRST TR EXCHANGE-TRADED FD" context, though ticker not explicitly listed, it is the largest holding) at $23.87M (16.55%). This is followed closely by major index funds: IEFA (iShares Core MSCI EAFE) at $14.83M (10.28%) and MGK (Vanguard Mega Cap Growth) at $12.30M (8.53%). These positions indicate a reliance on institutional-grade funds for exposure to international and large-cap U.S. growth markets.
• Individual Equities: Direct stock picking plays a minor role in the top tier. Microsoft (MSFT) is the largest individual equity holding at $1.27M (0.88%), followed by Alphabet (GOOG) and NVIDIA (NVDA). Notably, even the largest individual stock position is less than 1% of the total portfolio, underscoring the firm's preference for fund-based diversification over single-stock concentration.
• Fixed Income & Alternatives: The list includes significant allocations to fixed income via AGG (iShares Core U.S. Aggregate Bond) and alternative income strategies like FIXD and HYLS, suggesting a focus on income generation and risk mitigation.