Annual Portfolio Review — Client 100000001

01 · Executive Summary

Where Things Stand

Your portfolio had a market value of $500,000 as of February 28, 2025, with a net return of 0.92% for the period. The top holdings, including INITECH LTD COM, GLOBEX CORP COM, and ACME INDUSTRIES INC COM, comprise 90% of the portfolio. We will review the current asset mix and concentration to address your previous questions about cash drag and concentration.

02 · Portfolio Snapshot

Assets & Allocation

Total Value

$250,000

Positions

Cash

10.0%

Top-5 Concentration

90.0%

Asset Class	Value	Weight
Equities	$225,000	90.0%
Cash & Equivalents	$25,000	10.0%

03 · Holdings

Top Positions

Symbol	Description	Value	Weight
INIT	INITECH LTD COM	$90,000	36.0%
GLOBX	GLOBEX CORP COM	$75,000	30.0%
ACME	ACME INDUSTRIES INC COM	$60,000	24.0%

04 · Performance

Trailing Periods vs Benchmarks

Period End	Market Value	Gross	Net	Russell 1000 TR	S&P 500 TR
12/31/2024	$480,000	-1.50%	-1.60%	-2.79%	-2.38%
01/31/2025	$495,000	+3.13%	+3.02%	+3.18%	+2.78%
02/28/2025	$500,000	+1.01%	+0.92%	+1.10%	+0.95%

05 · Observations

What We're Watching

The portfolio is heavily concentrated in equities, with 90% of the total market value invested in this asset class.
The top 3 holdings account for 90% of the portfolio's total market value, with INITECH LTD COM being the largest holding at 36%.
Cash and equivalents make up 10% of the portfolio, which may be contributing to cash drag.
The portfolio's net return of 0.92% for the latest period was relatively in line with the benchmark returns, with the Russell 1000 TR and S&P 500 TR returning 1.1% and 0.95%, respectively.

06 · Action Items

Recommended Next Steps

Review and potentially rebalance the portfolio to ensure alignment with your investment objectives and risk tolerance.
Discuss the current cash allocation and explore options to optimize its use.
Consider diversification strategies to reduce concentration risk.
Schedule a meeting with your CPA to discuss tax implications of any potential portfolio changes.

07 · Meeting Agenda

Talking Points

Review of the portfolio's performance and comparison to benchmarks.
Discussion of concentration and cash drag, and potential strategies to address these concerns.
Overview of the current asset mix and potential adjustments to ensure alignment with your investment goals.
Tax planning and optimization in relation to portfolio changes, to be discussed with your CPA.

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