Fjell Capital Portfolio holdings

AUM $108M

This Quarter Return

-2.95%

1 Year Return

–

3 Year Return

–

5 Year Return

–

10 Year Return

–

AUM

$98.6M

AUM Growth

+$1.81M (+2%)

Cap. Flow

+$5.41M

Cap. Flow % of AUM

5.49%

Top 10 Holdings %Top 10 Hldgs %

45.69%

Holding

New

Increased

Reduced

Closed

Top Buys

1	PGIM Short Duration High Yield ETF PSH	$3.21M
2	Brandes International ETF BINV	$2.19M
3	Victory Portfolios II VictoryShares Core Intermediate Bond ETF UITB	$2.17M
4	Technology Select Sector SPDR Fund XLK	$862K
5	NVIDIA NVDA	$730K

Top Sells

1	SPDR Portfolio High Yield Bond ETF SPHY	$2.99M
2	Capital Group Short Duration Income ETF CGSD	$1.43M
3	Johnson & Johnson JNJ	$898K
4	Invesco Total Return Bond ETF GTO	$870K
5	PepsiCo PEP	$680K

Sector Composition

1	Technology	17.22%
2	Financials	6.52%
3	Consumer Discretionary	5.6%
4	Communication Services	4.6%
5	Industrials	4.26%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
1	1 Davis Select Worldwide ETF DWLD $437M	$9.63M	9.77%	255,538 -6,064	-2%	-$229K
2	2 Victory Portfolios II VictoryShares Core Intermediate Bond ETF UITB $2.32B	$6.51M	6.6%	138,688 +46,307	+50%	+$2.17M
3	3 Invesco Total Return Bond ETF GTO $1.96B	$4.85M	4.91%	103,262 -18,533	-15%	-$870K
4	4 iShares Broad USD Investment Grade Corporate Bond ETF USIG $14.1B	$3.93M	3.98%	76,896 +3,118	+4%	+$159K
5	5 Vanguard Mid-Cap ETF VO $84.6B	$3.85M	3.91%	14,895 +593	+4%	+$153K
6	6 Microsoft MSFT $3.8T	$3.45M	3.5%	9,186 +812	+10%	+$305K
7	7 Apple AAPL $3.14T	$3.4M	3.45%	15,301 +1,214	+9%	+$270K
8	8 PGIM Short Duration High Yield ETF PSH $51.7M	$3.21M	3.26%	+63,826	New	+$3.21M
9	9 PGIM Active High Yield Bond ETF PHYL $326M	$3.16M	3.2%	90,617 -6,934	-7%	-$241K
10	10 AB High Yield ETF HYFI $199M	$3.08M	3.13%	83,688 -7,068	-8%	-$260K
11	11 Amazon AMZN $2.38T	$2.91M	2.95%	15,299 +1,335	+10%	+$254K
12	12 NVIDIA NVDA $4.22T	$2.85M	2.89%	26,279 +6,739	+34%	+$730K
13	13 Vanguard Growth ETF VUG $179B	$2.6M	2.63%	7,006 +602	+9%	+$223K
14	14 iShares Core S&P Small-Cap ETF IJR $81.9B	$2.57M	2.61%	24,582 +852	+4%	+$89.1K
15	15 Broadcom AVGO $1.35T	$2.39M	2.42%	14,278 +3,991	+39%	+$668K
16	16 Costco COST $423B	$2.38M	2.41%	2,511 +618	+33%	+$585K
17	17 Alphabet (Google) Class A GOOGL $2.23T	$2.3M	2.33%	14,886 +4,106	+38%	+$635K
18	18 Brandes International ETF BINV $252M	$2.19M	2.22%	+66,190	New	+$2.19M
19	19 Vanguard Value ETF VTV $139B	$2.16M	2.19%	12,479 +559	+5%	+$96.6K
20	20 Capital Group Growth ETF CGGR $14B	$2.12M	2.15%	61,901 -5,005	-7%	-$171K
21	21 Meta Platforms (Facebook) META $1.76T	$1.88M	1.91%	3,268 +133	+4%	+$76.7K
22	22 Schwab US Dividend Equity ETF SCHD $70.8B	$1.71M	1.74%	61,249 -12,778	-17%	-$357K
23	23 KLA KLAC $124B	$1.48M	1.5%	2,173 +348	+19%	+$237K
24	24 JPMorgan Chase JPM $797B	$1.46M	1.48%	5,933 +163	+3%	+$40K
25	25 Waste Management WM $90.8B	$1.43M	1.45%	6,164 +595	+11%	+$138K