Portfolio concentration
As of March 31, 2026 · N-PORT
Holdings
5
Top-10 weight
100.00%
Effective holdings
?
The number of equal-weight positions that would produce this portfolio's concentration (1 ÷ Herfindahl index). A 500-stock fund dominated by a few mega-caps might have only ~100 effective holdings.
2
Crowding
?
The value-weighted average number of funds that also own this fund's positions. High = consensus/crowded picks; low = holdings few other funds own.
116.5
Holdings
As of March 31, 2026 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | U.S. Treasury Bills | — | 262,962,000 | $262.43M | 69.42% |
| 2 | G/S PHYS GOLD | AAAU | 1,973,160 | $91.14M | 24.11% |
| 3 | CALL SPDR GOLD SHARES 12/29/2023 C180 | — | 6,593 | $26.05M | 6.89% |
| 4 | FIRST AM-TR OB-X | TMPXX | 1,043,220 | $1.04M | 0.28% |
| 5 | NORTHERN US GOVERNMENT SELECT MONEY MARKET FUND | NOSXX | 132,192 | $132.19K | 0.03% |
| 6 | CALL SPDR GOLD SHARES 12/29/2023 C180 | — | -2,197 | -$90.08K | -0.02% |
| 7 | CALL SPDR GOLD SHARES 12/29/2023 C180 | — | -2,197 | -$151.59K | -0.04% |
| 8 | CALL SPDR GOLD SHARES 12/29/2023 C180 | — | -6,593 | -$2.28M | -0.60% |
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