TRANSCEND CAPITAL ADVISORS, LLC

The management strategy appears to be a hybrid approach, combining direct ownership of large-cap "blue-chip" equities with extensive use of Exchange Traded Funds (ETFs) to achieve sector and factor diversification. The portfolio structure implies a core-satellite approach, where a core portion of the assets is invested in diversified funds (ETFs), while "satellite" positions are taken in specific high-conviction stocks.

2. Key Holdings

The portfolio is currently dominated by Apple Inc. (AAPL), which stands as the singular largest holding at $112.18 million, representing 8.67% of the total portfolio. This is a notably large concentration for a diversified fund of this size, signaling a strong conviction in Apple’s stability and growth potential relative to other holdings.