RED LIGHTHOUSE INVESTMENT MANAGEMENT, LLC

The portfolio now consists of 91 holdings, suggesting a moderately diversified approach. However, the diversification is heavily skewed toward fund products rather than individual equities. The management appears to have transitioned from a primarily stock-picking strategy (evident in the previous quarter's exits) to a strategy reliant on ETF and fund wrappers. The "Unknown" sector allocation of $275.17 million (98.5% of the portfolio) reflects the data provider's inability to categorize the underlying assets of these funds, but based on the top issuers (American Century, Dimensional, Vanguard), the exposure is predominantly broad market equity, factor-based equity, and fixed income.

2. Key Holdings