Strong Tower Advisory Services

The portfolio now comprises 97 holdings, indicating a move toward broad diversification. However, the turnover rate is exceptionally high. The firm exited 28 positions and initiated 29 new ones, with zero positions remaining unchanged. This level of activity suggests a significant reallocation of capital, likely driven by a shift in investment mandate, a substantial inflow of new capital that required immediate deployment, or a change in the firm's macroeconomic outlook. The transition from a smaller, potentially more concentrated portfolio to a larger, more diversified one marks a fundamental shift in the firm's operational strategy.

2. Key Holdings