Ridgewood Investments LLC

New fixed-income sleeves dominated the additions. iShares' SGOV short-term Treasury ETF debuted at $6.3M, while the advisor also initiated Vanguard's BNDX international bond fund at $2.0M and iShares' IGSB short-term corporate bond ETF at $1.9M. Within existing bond holdings, Vanguard's BSV short-term bond ETF gained 27% to $5.5M, SPDR's FLRN floating-rate fund added 33% to $3.9M, and Vanguard's VMBS mortgage-backed fund rose 36% to $2.2M. Schwab's value and broad-market ETFs, SCHV and SCHB, also grew materially.

On the equity side, the firm took selective advantage of lower tech prices. Amazon shares increased 44% in count to $2.0M, Microsoft gained 19.6% in shares to $2.5M, and Qualcomm, Texas Instruments, and Oracle all saw modest additions. Conversely, Applied Materials was eliminated entirely, and Nvidia, Broadcom, and Medtronic were trimmed. The advisor exited several non-tech names as well: Eli Lilly, Merck, Pfizer, Exxon Mobil, EOG Resources, and MSC Industrial Direct all left the portfolio.