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

29

Increased

25

Reduced

36

Closed

34

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
151	151 iShares 1-3 Year Treasury Bond ETF SHY $24.2B	$0	0%	0 -6,402	Closed	–
152	152 Twilio TWLO $17.9B	$0	0%	0 -3,472	Closed	–
153	153 Vanguard Short-Term Treasury ETF VGSH $22.4B	$0	0%	0 -4,409	Closed	–
154	154 Vanguard Mid-Cap ETF VO $80.7B	$0	0%	0 -3,623	Closed	–
155	155 Vanguard Mid-Cap Growth ETF VOT $16.4B	$0	0%	0 -12,810	Closed	–
156	156 Vanguard Communication Services ETF VOX $4.68B	$0	0%	0 -12,597	Closed	–
157	157 Verizon VZ $185B	$0	0%	0 -7,952	Closed	–
158	158 The Communication Services Select Sector SPDR Fund XLC $21.9B	$0	0%	0 -2,866	Closed	–
159	159 Consumer Discretionary Select Sector SPDR Fund XLY $21.6B	$0	0%	0 -960	Closed	–
160	160 Global X Data Center & Digital Infrastructure ETF DTCR $248M	$0	0%	0 -305,337	Closed	–