TRUIST FINANCIAL CORP

Truist Financial's $74.2B wealth book is led by ETFs — iShares Core S&P 500 (IVV, 6.2%) and SPDR S&P 500 (SPY, 2.9%) — with NVIDIA, Apple and Microsoft the largest single names and Treasury (GOVT) and developed-international (IEFA) ETFs also prominent. The Q1 rebalance leaned international and defensive: the firm added emerging-market (IEMG, +$355M), mortgage-bond (MBB) and developed-international (IEFA) exposure, while trimming Vanguard's VOO (-$607M), Microsoft (-$488M), IVV and Broadcom. New positions spanned QQQ, RTX, Analog Devices, ExxonMobil and KLA. Assets were roughly flat at $74.2B, with adds and trims evenly balanced (21 each).