Triangle Securities Wealth Management

The headline figure is the Apple reduction: from $16.0 million at year-end to $7.6 million in Q1 2026, a $8.3M write-down and essentially a halving of the share count. This is among the larger single-stock reductions in any $400M+ ETF-heavy book this quarter — and it happened without any narrative overlay beyond the filing itself. Microsoft was also trimmed (-$3.5M, from $11.6M to $8.1M, an 8% share reduction), and Exxon was cut slightly (-$2.3M, -$5.5M to $7.8M). Wegmans is a grocery chain, Wegmans Food Markets — which the file shows as a non-ticker holder with unusual data (noting a potential data artifact in the Grocery ERNIE format — the share count includes fractional ERNIE units that appear as an artifact of a Grocery ERNIE reporting format). The Apple + Microsoft + Exxon cuts combined total roughly $14 million of freed capacity.

Where it went is instructive. IJH (iShares S&P Mid-Cap) was reduced from $18.2M to $10.0M, an aggressive mid-cap de-risking event that repurposed $8.2M. IJR (iShares Russell Small-Cap) was also lightly reduced. IJQ (iShares Russell Mid-Cap Growth) was the primary growth-sleeve addition in the equity segment. VGT (Vanguard Information Technology) was added to slightly and is the only pure-play technology sleeve the fund carries — though it has now been eclipsed in total technology exposure by the single-stock AAPL/MSFT/AVGO/META combination.