Napatree Capital Portfolio holdings

AUM $178M

This Quarter Return

-0.78%

1 Year Return

+8.09%

3 Year Return

–

5 Year Return

–

10 Year Return

–

AUM

$178M

AUM Growth

+$7.5M (+4%)

Cap. Flow

+$11.5M

Cap. Flow % of AUM

6.46%

Top 10 Holdings %Top 10 Hldgs %

27%

Holding

202

New

Increased

105

Reduced

Closed

Top Buys

1	iShares Core MSCI EAFE ETF IEFA	$3.37M
2	SPDR Portfolio S&P 500 ETF SPLG	$2.91M
3	SPDR Portfolio S&P 400 Mid Cap ETF SPMD	$1.33M
4	Concentrix CNXC	$732K
5	JPMorgan Income ETF JPIE	$730K

Top Sells

1	iShares MSCI EAFE Value ETF EFV	$2.3M
2	Schwab US Large- Cap ETF SCHX	$2.22M
3	iShares MSCI EAFE Growth ETF EFG	$1.2M
4	Schwab US Mid-Cap ETF SCHM	$961K
5	NetApp NTAP	$901K

Sector Composition

1	Financials	13.85%
2	Technology	11.61%
3	Consumer Discretionary	5.9%
4	Healthcare	5.34%
5	Industrials	4.9%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
26	26 SPDR Portfolio Short Term Treasury ETF SPTS $5.79B	$1.68M	0.95%	57,610 -2,577	-4%	-$75.4K
27	27 Thermo Fisher Scientific TMO $181B	$1.68M	0.95%	3,379 +122	+4%	+$60.7K
28	28 Schwab US Mid-Cap ETF SCHM $12B	$1.63M	0.92%	62,169 -36,693	-37%	-$961K
29	29 JPMorgan Chase JPM $821B	$1.57M	0.88%	6,405 +138	+2%	+$33.9K
30	30 SPDR Portfolio Long Term Treasury ETF SPTL $11.2B	$1.54M	0.87%	56,566 -55	-0.1%	-$1.5K
31	31 iShares Russell Mid-Cap ETF IWR $43.8B	$1.52M	0.85%	17,809 +2,444	+16%	+$208K
32	32 Walmart WMT $778B	$1.49M	0.84%	16,932 +714	+4%	+$62.7K
33	33 iShares Russell 2000 ETF IWM $65.6B	$1.46M	0.82%	7,295 +870	+14%	+$174K
34	34 Alphabet (Google) Class C GOOG $2.35T	$1.4M	0.79%	8,936 +74	+0.8%	+$11.6K
35	35 Visa V $697B	$1.28M	0.72%	3,658 +475	+15%	+$166K
36	36 RTX Corp RTX $210B	$1.24M	0.7%	9,393 +942	+11%	+$125K
37	37 Exxon Mobil XOM $476B	$1.22M	0.68%	10,223 +788	+8%	+$93.7K
38	38 Vanguard High Dividend Yield ETF VYM $62.6B	$1.2M	0.68%	9,315 +1,287	+16%	+$166K
39	39 iShares 0-3 Month Treasury Bond ETF SGOV $51.4B	$1.13M	0.63%	11,179 +6,588	+144%	+$663K
40	40 Cisco CSCO $272B	$1.12M	0.63%	18,086 +1,079	+6%	+$66.6K
41	41 International Paper IP $29.4B	$1.09M	0.61%	20,437 -2,707	-12%	-$144K
42	42 Johnson & Johnson JNJ $405B	$1.09M	0.61%	6,560 +604	+10%	+$100K
43	43 Vanguard Total World Bond ETF BNDW $1.28B	$1.04M	0.59%	15,130 +1,442	+11%	+$99.2K
44	44 iShares Short Treasury Bond ETF SHV $20.8B	$1.03M	0.58%	9,364 +1,683	+22%	+$186K
45	45 CSG Systems International CSGS $1.8B	$1.01M	0.57%	16,765 -619	-4%	-$37.4K
46	46 Automatic Data Processing ADP $125B	$991K	0.56%	3,242 +43	+1%	+$13.1K
47	47 iShares Core MSCI International Developed Markets ETF IDEV $20.7B	$979K	0.55%	14,210 +779	+6%	+$53.7K
48	48 SPDR Portfolio Intermediate Term Treasury ETF SPTI $8.75B	$976K	0.55%	34,153 -5,354	-14%	-$153K
49	49 Hasbro HAS $10.5B	$973K	0.55%	15,829 -31	-0.2%	-$1.91K
50	50 SPDR Bloomberg 1-3 Month T-Bill ETF BIL $41.9B	$972K	0.55%	10,598 +2,045	+24%	+$188K