ACM

Avalon Capital Management Portfolio holdings

AUM $344M

AUM

$344M

AUM Growth

+$34.4M (+11%)

Cap. Flow

+$96.9M

Cap. Flow % of AUM

28.13%

Top 10 Holdings %Top 10 Hldgs %

41.31%

Holding

160

New

Increased

Reduced

Closed

Top Buys

1	SPDR Bloomberg Barclays International Treasury Bond ETF BWX	$11.8M
2	VanEck Gold Miners ETF GDX	$10.3M
3	iShares China Large-Cap ETF FXI	$8.13M
4	KraneShares CSI China Internet ETF KWEB	$7.13M
5	Goldman Sachs Access Ultra Short Bond ETF GSST	$5.88M

Top Sells

1	VanEck Semiconductor ETF SMH	$4.63M
2	Microsoft MSFT	$3.22M
3	Amazon AMZN	$2.38M
4	WisdomTree Trust WisdomTree US Quality Dividend Growth Fund DGRW	$1.71M
5	iShares MSCI USA Quality Factor ETF QUAL	$1.56M

Sector Composition

1	Technology	12.64%
2	Communication Services	11.6%
3	Consumer Discretionary	4.32%
4	Financials	3.34%
5	Healthcare	1.59%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
26	VGUS 26 Vanguard Ultra-Short Treasury ETF VGUS $175M	$4.47M	1.3%	59,186	New	+$4.47M
27	27 iShares Short Treasury Bond ETF SHV $20.5B	$4.29M	1.25%	38,870 +12,252	+46%	+$1.35M
28	28 Global X AgTech & Food Innovation ETF KROP $8.91M	$4.14M	1.2%	416,118	New	+$4.14M
29	PWRD 29 TCW Transform Systems ETF PWRD $455M	$4.07M	1.18%	58,411 +8,448	+17%	+$589K
30	30 Invesco Water Resources ETF PHO $2.16B	$3.92M	1.14%	60,702 -69	-0.1%	-$4.45K
31	VBIL 31 Vanguard 0-3 Month Treasury Bill ETF VBIL $1.48B	$3.9M	1.13%	51,633	New	+$3.9M
32	32 Amplify CWP Enhanced Dividend Income ETF DIVO $4.38B	$3.73M	1.08%	91,503 +1,685	+2%	+$68.7K
33	33 Marvell Technology MRVL $56.5B	$3.48M	1.01%	56,601	–	–
34	34 Innovator US Equity Ultra Buffer ETF December UDEC $405M	$3.02M	0.88%	88,007	New	+$3.02M
35	35 Pacer US Cash Cows 100 ETF COWZ $21.1B	$2.99M	0.87%	54,567 -217	-0.4%	-$11.9K
36	36 iShares Core MSCI Emerging Markets ETF IEMG $89.9B	$2.89M	0.84%	53,634	New	+$2.89M
37	37 iShares Gold Trust IAU $46.5B	$2.89M	0.84%	49,027 +18,635	+61%	+$1.1M
38	38 Goldman Sachs ETF Trust Goldman Sachs S&P 500 Premium Income ETF GPIX $838M	$2.52M	0.73%	54,168 +5,319	+11%	+$248K
39	39 VanEck Inflation Allocation ETF RAAX $127M	$2.35M	0.68%	77,079 +8,947	+13%	+$272K
40	40 Invesco Actively Managed Exch-Traded Commodity Fd Tr Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF PDBC $4.4B	$2.28M	0.66%	167,602	New	+$2.28M
41	41 iShares JPMorgan USD Emerging Markets Bond ETF EMB $12.6B	$2.2M	0.64%	24,242	–	–
42	42 VanEck Semiconductor ETF SMH $23.3B	$2.12M	0.62%	10,046 -21,911	-69%	-$4.63M
43	43 iShares MSCI Japan Small-Cap ETF SCJ $125M	$2.07M	0.6%	27,016 +12,946	+92%	+$993K
44	44 iShares MSCI Global Silver and Metals Miners ETF SLVP $308M	$2.01M	0.58%	133,785	New	+$2.01M
45	45 Visa V $703B	$1.96M	0.57%	5,588 -955	-15%	-$335K
46	46 Invesco KBW Bank ETF KBWB $3.8B	$1.76M	0.51%	28,052 -8,289	-23%	-$520K
47	47 WisdomTree Trust WisdomTree US Quality Dividend Growth Fund DGRW $15.2B	$1.76M	0.51%	22,001 -21,391	-49%	-$1.71M
48	48 Leuthold Core ETF LCR $68.8M	$1.69M	0.49%	49,447 +4,214	+9%	+$144K
49	49 iShares Core 60/40 Balanced Allocation ETF AOR $2.39B	$1.69M	0.49%	29,406 +11,287	+62%	+$650K
50	50 Tesla TSLA $963B	$1.59M	0.46%	6,139 -1,000	-14%	-$259K