Twelve Points Wealth Management LLC

Key Holdings

The portfolio is heavily weighted toward its top positions, with the top ten holdings accounting for approximately 43.5% of the total portfolio value.

• SPDR Bloomberg 1-3 Month T-Bill ETF (BIL): This is the largest position, valued at $52.6M (11.84%). This massive allocation to T-Bills indicates a strong preference for liquidity, capital preservation, and a "cash-equivalent" parking spot for a significant portion of new inflows.
• ASA Gold and Precious Metals Ltd: The second-largest holding at $28.51M (6.42%) is a closed-end fund focusing on gold mining equities. This represents a significant contrarian bet or inflation hedge, distinguishing the portfolio from standard market-cap-weighted indices.
• Global and International ETFs: Positions such as IOO (Global 100) and FLTR (Floating Rate Notes) hold substantial weight ($19.94M and $19.17M respectively), alongside VEU (Vanguard FTSE All-World ex-US). This demonstrates a distinct tilt away from a purely US-centric portfolio.
• Fixed Income: The presence of SHV (Short-Term Treasury) and VTIP (TIPS) further reinforces a defensive, yield-seeking posture regarding the safer portions of the portfolio.