RPOA Advisors, Inc.

Key Holdings

The portfolio is dominated entirely by BNY Mellon ETF Trust products, with the top four positions constituting the vast majority of assets under management.

• Top Position: The largest holding accounts for 43.88% of the portfolio ($1.72 billion). This represents a massive, concentrated bet on a specific BNY Mellon fund, likely a broad market index or a specific factor strategy given the size.
• Secondary Position: The second holding comprises 28.12% ($1.11 billion). Combined, the top two holdings represent over 72% of the entire portfolio's value, signaling that the firm's performance is heavily dependent on the performance of these two specific funds.
• Remaining Holdings: Positions three through six range from 11.68% down to 0.81%. While smaller, the third and fourth positions are still significant allocations at over $350 million each.
• Share Counts: The firm holds substantial share counts, ranging from 640,000 to over 25 million shares. This volume suggests RPOA Advisors is executing large block trades and likely utilizes institutional share classes to minimize expense ratios for their clients.