White Wing Wealth Management

Key Holdings

The portfolio is dominated by broad market and factor-based ETFs, reflecting a focus on systematic exposure rather than stock picking.

• VTI (Vanguard Total Stock Market ETF): This is the largest position, comprising 26.45% of the portfolio ($44.31M). This massive weighting indicates a strong conviction in the overall U.S. equity market.
• JPST (JPMorgan Ultra-Short Income ETF): Representing 12.11% ($20.29M), this position serves as a liquidity or cash-equivalent buffer, suggesting a defensive posture regarding short-term cash needs or interest rate volatility.
• International & Small Cap Exposure: VEA (Vanguard Tax-Managed International) at 10.57% and VB (Vanguard Small-Cap) at 8.52% demonstrate a clear commitment to global diversification and size factor exposure beyond the large-cap U.S. market.
• Invesco QQQ: Holding 8.06% ($13.51M), this provides specific tilt toward the growth and technology sectors, complementing the broader VTI exposure.

Notably, individual technology stocks are present but represent smaller "satellite" positions. Apple (AAPL), Tesla (TSLA), and NVIDIA (NVDA) are the top individual holdings, yet none exceed 1.31% of the total portfolio. This reinforces the view that stock selection is secondary to asset allocation in this strategy.