Portfolio concentration
As of February 28, 2026 · N-PORT
Holdings
4
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.
1
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.
241.8
Holdings
As of February 28, 2026 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | SPDR S&P 500 ETF Trust | — | 692,500 | $475.05M | 89.10% |
| 2 | BBH SWEEP VEHICLE | — | 19,913,030 | $19.91M | 3.73% |
| 3 | US ULTRA BOND CBT Sep25 | — | 800 | $8.09M | 1.52% |
| 4 | US ULTRA BOND CBT Sep25 | — | 500 | $3.90M | 0.73% |
| 5 | PUT SPDR S&P 500 ETF 01/16/2026 P643 | — | 82,500 | $3.09M | 0.58% |
| 6 | PUT SPDR S&P 500 ETF 01/16/2026 P643 | — | 125,000 | $2.95M | 0.55% |
| 7 | US ULTRA BOND CBT Sep25 | — | 250 | $1.75M | 0.33% |
| 8 | PUT SPDR S&P 500 ETF 01/16/2026 P643 | — | 25,000 | $1.72M | 0.32% |
| 9 | PUT SPDR S&P 500 ETF 01/16/2026 P643 | — | 20,000 | $999.80K | 0.19% |
| 10 | PUT SPDR S&P 500 ETF 01/16/2026 P643 | — | 10,000 | $917.10K | 0.17% |
| 11 | PUT SPDR S&P 500 ETF 01/16/2026 P643 | — | 40,000 | $600.80K | 0.11% |
| 12 | US ULTRA BOND CBT Sep25 | — | 250 | $251.25K | 0.05% |
| 13 | US ULTRA BOND CBT Sep25 | — | -250 | -$3.12K | -0.00% |
| 14 | PUT SPDR S&P 500 ETF 01/16/2026 P643 | — | 15,000 | -$50.10K | -0.01% |
| 15 | US ULTRA BOND CBT Sep25 | — | -1,050 | -$219.45K | -0.04% |
| 16 | US ULTRA BOND CBT Sep25 | — | -2,750 | -$250.25K | -0.05% |
| 17 | US ULTRA BOND CBT Sep25 | — | -1,425 | -$269.32K | -0.05% |
| 18 | US ULTRA BOND CBT Sep25 | — | -2,100 | -$294.00K | -0.06% |
| 19 | US ULTRA BOND CBT Sep25 | — | -300 | -$646.50K | -0.12% |
| 20 | US ULTRA BOND CBT Sep25 | — | -450 | -$1.17M | -0.22% |
| 21 | US ULTRA BOND CBT Sep25 | — | -800 | -$3.29M | -0.62% |
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