Wedmont Private Capital

2. Key Holdings

The portfolio is dominated by passive investment vehicles, with the top four positions all being Vanguard or iShares ETFs focused on broad market and international equity exposure.

• VEA (Vanguard Tax-Managed International): This is the largest holding, accounting for 9.56% of the portfolio ($275.23M). This indicates a significant tilt towards developed international markets, likely for tax efficiency and diversification away from the US dollar.
• VWO (Vanguard Emerging Markets): The second largest holding at 5.81% ($167.26M), reinforcing the firm's commitment to global diversification, specifically targeting emerging economies.
• VTI & VOO (Total US Market & S&P 500): These positions ($144.82M and $119.09M respectively) provide the core US equity exposure. Combined, the top three ETFs represent nearly 20% of the total portfolio value.
• NVDA (NVIDIA): The top individual stock holding is NVIDIA at 3.01% ($86.66M). This represents a significant bet on the semiconductor/AI sector, though it is kept smaller than the core international ETF positions.
• Fixed Income: The inclusion of GOVT (iShares U.S. Treasury Bond) and VTEB (Vanguard Tax-Exempt Bond) in the top ten highlights a defensive allocation to high-quality fixed income and tax-advantaged municipal debt.