TFCP

Twin Focus Capital Partners Portfolio holdings

AUM $644M

AUM

$644M

AUM Growth

-$32.8M (-5%)

Cap. Flow

-$21.2M

Cap. Flow % of AUM

-3.29%

Top 10 Holdings %Top 10 Hldgs %

48.6%

Holding

164

New

Increased

Reduced

Closed

Top Buys

1	Invesco QQQ Trust QQQ	$5.56M
2	BNY Mellon Global Infrastructure Income ETF BKGI	$5.55M
3	SPDR Dow Jones Industrial Average ETF Trust DIA	$2.56M
4	SPDR S&P 500 ETF Trust SPY	$2.06M
5	iShares Core S&P Total US Stock Market ETF ITOT	$1.99M

Top Sells

1	Vanguard Total Stock Market ETF VTI	$7.56M
2	iShares Core MSCI EAFE ETF IEFA	$6.23M
3	Apple AAPL	$5.99M
4	SPDR S&P Oil & Gas Exploration & Production ETF XOP	$5.44M
5	iShares S&P 500 Growth ETF IVW	$4.18M

Sector Composition

1	Technology	5.87%
2	Financials	1.65%
3	Healthcare	0.99%
4	Communication Services	0.56%
5	Industrials	0.4%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
1	1 iShares Core MSCI EAFE ETF IEFA $139B	$68.5M	10.64%	905,280 -82,333	-8%	-$6.23M
2	2 Vanguard Total Stock Market ETF VTI $471B	$63.7M	9.89%	231,662 -27,521	-11%	-$7.56M
3	3 iShares Gold Trust IAU $46.1B	$49M	7.62%	831,689 -66,349	-7%	-$3.91M
4	4 SPDR Gold Trust GLD $97.6B	$21.5M	3.34%	74,648 -1,707	-2%	-$492K
5	5 Dell DELL $77.8B	$20.8M	3.23%	228,000 +2,000	+0.9%	+$182K
6	6 iShares Core S&P Total US Stock Market ETF ITOT $67.1B	$20.4M	3.17%	167,185 +16,322	+11%	+$1.99M
7	7 SPDR Portfolio S&P 500 Growth ETF SPYG $34.6B	$19.5M	3.03%	242,477 +1,884	+0.8%	+$151K
8	8 Vanguard S&P 500 ETF VOO $654B	$17.2M	2.67%	33,420 +1,187	+4%	+$610K
9	9 iShares Russell 1000 ETF IWB $40.2B	$16.5M	2.56%	53,793 +509	+1%	+$156K
10	10 Vanguard Short-Term Inflation-Protected Securities Index Fund VTIP $14.9B	$15.8M	2.46%	317,210 -51,432	-14%	-$2.57M
11	11 SPDR S&P 500 ETF Trust SPY $623B	$14.8M	2.3%	26,477 +3,677	+16%	+$2.06M
12	12 Janus Henderson AAA CLO ETF JAAA $20.8B	$12.7M	1.97%	250,163 -1,841	-0.7%	-$93.4K
13	13 iShares TIPS Bond ETF TIP $13.7B	$12.1M	1.87%	108,494 -1,492	-1%	-$166K
14	14 iShares Core US Aggregate Bond ETF AGG $123B	$12M	1.86%	120,896 +5,195	+4%	+$514K
15	15 iShares Russell 1000 Growth ETF IWF $106B	$9.82M	1.53%	27,209	–	–
16	16 Vanguard FTSE Emerging Markets ETF VWO $85.8B	$9.3M	1.45%	205,550 -4,079	-2%	-$185K
17	17 iShares Russell Mid-Cap Value ETF IWS $13B	$8.91M	1.38%	70,747 -2,135	-3%	-$269K
18	18 Vanguard Dividend Appreciation ETF VIG $88.7B	$8.84M	1.37%	45,565 +2,442	+6%	+$474K
19	19 Vanguard ESG US Stock ETF ESGV $10.1B	$8.64M	1.34%	88,158 +5,631	+7%	+$552K
20	20 Utilities Select Sector SPDR Fund XLU $18.4B	$8.54M	1.33%	108,300 +9,735	+10%	+$768K
21	21 iShares S&P 500 Growth ETF IVW $55.8B	$8.02M	1.25%	86,398 -45,028	-34%	-$4.18M
22	22 iShares Core MSCI Emerging Markets ETF IEMG $88B	$7.78M	1.21%	144,208 -9,376	-6%	-$506K
23	23 Apple AAPL $2.99T	$7.51M	1.17%	33,805 -26,950	-44%	-$5.99M
24	24 Health Care Select Sector SPDR Fund XLV $34.2B	$6.92M	1.08%	47,428 -10,463	-18%	-$1.53M
25	25 Vanguard FTSE All-World ex-US ETF VEU $43.9B	$6.66M	1.03%	109,727 -142	-0.1%	-$8.61K