Courier Capital Portfolio holdings

AUM $1.53B

This Quarter Return

-0.99%

1 Year Return

+7.93%

3 Year Return

+22.18%

5 Year Return

+111.33%

10 Year Return

+160.04%

AUM

$1.53B

AUM Growth

+$78.5M (+5%)

Cap. Flow

+$104M

Cap. Flow % of AUM

6.78%

Top 10 Holdings %Top 10 Hldgs %

30.33%

Holding

387

New

Increased

166

Reduced

122

Closed

Top Buys

1	iShares MBS ETF MBB	$10M
2	iShares Core MSCI EAFE ETF IEFA	$10M
3	iShares Core High Dividend ETF HDV	$7.43M
4	Berkshire Hathaway Class A BRK.A	$7.19M
5	iShares 3-7 Year Treasury Bond ETF IEI	$6.36M

Top Sells

1	Thermo Fisher Scientific TMO	$6.78M
2	Invesco Variable Rate Investment Grade ETF VRIG	$6.24M
3	Vanguard Short-Term Treasury ETF VGSH	$4.65M
4	iShares 1-5 Year Investment Grade Corporate Bond ETF IGSB	$2.74M
5	SPDR Bloomberg 3-12 Month T-Bill ETF BILS	$2.53M

Sector Composition

1	Technology	9.89%
2	Financials	7.33%
3	Healthcare	4.09%
4	Consumer Staples	3.1%
5	Industrials	3.06%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
51	51 Linde LIN $219B	$7.58M	0.5%	16,285 -1,228	-7%	-$572K
52	52 iShares 0-5 Year High Yield Corporate Bond ETF SHYG $6.84B	$7.49M	0.49%	176,234 +2,888	+2%	+$123K
53	53 iShares Core High Dividend ETF HDV $11.2B	$7.43M	0.49%	+61,372	New	+$7.43M
54	54 Utilities Select Sector SPDR Fund XLU $20.1B	$7.36M	0.48%	93,368 +33,611	+56%	+$2.65M
55	55 Janus Henderson AAA CLO ETF JAAA $22.2B	$7.17M	0.47%	141,352 +92,686	+190%	+$4.7M
56	56 Walmart WMT $759B	$6.97M	0.46%	79,398 +1,791	+2%	+$157K
57	57 Vanguard Small-Cap Value ETF VBR $30.2B	$6.93M	0.45%	37,223 +421	+1%	+$78.4K
58	58 Vanguard FTSE Emerging Markets ETF VWO $93.4B	$6.93M	0.45%	153,015 +10,672	+8%	+$483K
59	59 SPDR Bloomberg Investment Grade Floating Rate ETF FLRN $2.77B	$6.9M	0.45%	223,803 -6,056	-3%	-$187K
60	60 Berkshire Hathaway Class B BRK.B $1.02T	$6.74M	0.44%	12,665 +2,610	+26%	+$1.39M
61	61 Vanguard International High Dividend Yield ETF VYMI $10.9B	$6.73M	0.44%	91,350 +1,822	+2%	+$134K
62	62 Procter & Gamble PG $364B	$6.62M	0.43%	38,863 +2,936	+8%	+$500K
63	63 SPDR Portfolio Short Term Corporate Bond ETF SPSB $8.13B	$6.4M	0.42%	212,754 -10,946	-5%	-$329K
64	64 iShares MSCI EAFE Value ETF EFV $25.9B	$6.3M	0.41%	106,832 -1,627	-2%	-$95.9K
65	65 Lockheed Martin LMT $109B	$6.12M	0.4%	13,693 -549	-4%	-$245K
66	66 M&T Bank MTB $30.7B	$6.02M	0.39%	33,704 +1,620	+5%	+$290K
67	67 Merck MRK $201B	$5.97M	0.39%	66,566 -459	-0.7%	-$41.2K
68	68 Bank of America BAC $352B	$5.9M	0.39%	141,406 +3,044	+2%	+$127K
69	69 Vanguard Long-Term Treasury ETF VGLT $9.56B	$5.89M	0.39%	102,235 +70,366	+221%	+$4.05M
70	70 SPDR Portfolio Intermediate Term Corporate Bond ETF SPIB $10B	$5.81M	0.38%	174,679 +120,931	+225%	+$4.02M
71	71 Invesco Variable Rate Investment Grade ETF VRIG $1.21B	$5.77M	0.38%	230,037 -248,751	-52%	-$6.24M
72	72 Lowe's Companies LOW $123B	$5.47M	0.36%	23,435 -433	-2%	-$101K
73	73 Health Care Select Sector SPDR Fund XLV $33.3B	$5.41M	0.35%	37,078 -7,321	-16%	-$1.07M
74	74 American Express AXP $216B	$5.38M	0.35%	19,985 +1,517	+8%	+$408K
75	75 iShares S&P Small-Cap 600 Value ETF IJS $6.21B	$5.37M	0.35%	55,112 +1,445	+3%	+$141K