Secure Asset Management, LLC

Secure Asset Management's $632M 13F reads like a multi-sleeve wealth-management book: a modest Vanguard intermediate-treasury ETF (VGIT, 5.9%) anchors the fixed-income core, passive equity sleeves (VOO 2.8%, QQQM 2.5%, IVV 2.4%) set the beta, and a satellite of high-conviction single names — Nvidia (3.9%), Apple (2.5%), Broadcom (0.9%), Palantir (0.8%), Zscaler (0.8%) — adds the active overlay.

The quarter's signature move is structural rather than casual: Salesforce, Meta, PayPal and the IYW tech ETF were all exited, while AVGO ($5.6M new), PLTR ($5.0M), QQQ ($4.3M re-entry), ZS ($3.8M) and Generac ($4.0M) entered. The manager also added its first bitcoin sleeve through IBIT (0.7%), a small but symbolically important diversification signal. A book that writes 20% of its net assets into VGIT, IGSB and JMBS is not betting the ranch on AI infrastructure — but the direction of the active risk is unmistakable.