Portfolio concentration
As of February 28, 2026 · N-PORT
Holdings
13
Top-10 weight
93.08%
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.
7
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.
96.4
Holdings
As of February 28, 2026 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | U.S. Treasury Bills | B | 700,000 | $699.79K | 27.37% |
| 2 | U.S. Treasury Notes | TII | 508,990 | $519.69K | 20.33% |
| 3 | NextEra Energy Capital Holdings, Inc., Series U, Pfd. | NEE U | 9,500 | $240.92K | 9.42% |
| 4 | US TREASURY N/B | — | 200,000 | $200.79K | 7.85% |
| 5 | PennyMac Mortgage Investment Trust PREFERRED STOCK | PMTV | 6,000 | $152.28K | 5.96% |
| 6 | PennyMac Mortgage Investment Trust | PMTW | 5,900 | $149.15K | 5.83% |
| 7 | Babcock & Wilcox Enterprises Inc | BWNB | 5,068 | $126.55K | 4.95% |
| 8 | MFA Financial Inc | MFA | 4,000 | $101.36K | 3.96% |
| 9 | PACIFIC GAS&ELEC | — | 100,000 | $100.77K | 3.94% |
| 10 | Chimera Investment Corp | CIMO | 3,000 | $76.26K | 2.98% |
| 11 | TPG Mortgage Investment Trust Inc | MITT | 3,000 | $76.17K | 2.98% |
| 12 | MFA Financial, Inc., 8.875%, due 2/15/2029 | MFAN | 3,000 | $75.60K | 2.96% |
| 13 | U.S. Bank Money Market Deposit Account | USBFS04 | 24,355 | $24.35K | 0.95% |
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