Rodgers & Associates, LTD

The structure of the portfolio is highly systematic, characterized almost exclusively by Exchange Traded Funds (ETFs). Approximately 90% of the total portfolio value ($888.42M) is allocated to ETFs, with individual equities and unknown assets making up the remainder. The firm appears to utilize a "core-satellite" or purely quantitative approach, relying on factor-based indexing rather than traditional stock picking.

Key Holdings

The portfolio is heavily concentrated in factor-specific ETFs, with the top 10 positions accounting for 48.71% of the total assets. Notably, the top three positions are all Vanguard value and factor funds:

1. VTV (Vanguard Value ETF): The largest holding at $77.75M (7.87%), providing exposure to large-cap U.S. value stocks.
2. VBR (Vanguard Small-Cap Value ETF): The second largest at $67.58M (6.84%), focusing on small-cap value companies.
3. VOE (Vanguard Mid-Cap Value ETF): The third largest at $67.37M (6.82%), targeting mid-cap value companies.