TUCKER ASSET MANAGEMENT LLC

2. Key Holdings

The portfolio is dominated by a few massive positions that serve as the portfolio's foundation.

• Core Equity Exposure: The SPDR S&P 500 ETF Trust (SPY) is the largest holding, comprising 37.34% ($93.80M) of the total portfolio. This massive allocation indicates a strong conviction in the broad U.S. equity market. The Invesco S&P 500 Equal Weight ETF (RSP) is the third-largest holding at 11.63% ($29.21M). The combination of SPY (cap-weighted) and RSP (equal weight) suggests the manager seeks market participation while mitigating the concentration risk inherent in the mega-cap tech stocks that dominate the S&P 500.
• Liquidity and Fixed Income: The First Trust Exchange-Traded Fund (FTSM) holds the second position at 14.80% ($37.17M). FTSM is a low-duration, actively managed ETF that focuses on cash and cash equivalents. Combined with BIL (SPDR Bloomberg 1-3 Month T-Bill ETF) at 4.74%, the firm holds nearly 20% of the portfolio in very liquid, short-term instruments. This suggests a defensive posture or a "dry powder" strategy ready to be deployed.
• Significant Equity Bets: NVIDIA (NVDA) is the lone standout single stock in the top tier, representing 7.49% ($18.80M). This is a substantial allocation to a single technology name, implying a strong view on the AI/semiconductor sector. Amneal Pharmaceuticals (AMRX) is also notably concentrated at 4.43% ($11.12M), representing a significant idiosyncratic bet on the healthcare sector.