Team Financial Group, LLC

The substantial increase in portfolio value (+27.3%) during the quarter suggests a combination of strong market performance on existing holdings and significant net new capital inflows or reallocation of cash reserves. The manager demonstrates a preference for systematic, rules-based investing, utilizing funds that track specific factors such as quality, dividends, and multi-asset strategies.

2. Key Holdings

The portfolio is highly concentrated in its top ten positions, which account for approximately 76% of the total assets. The top three positions alone constitute over 40% of the portfolio.