Columbus Macro Portfolio Analysis: Q2 2026 Investment Activity

As part of its ongoing investment strategy, Columbus Macro, Llc has adjusted several positions within its portfolio for Q2 2026. The analysis below focuses on changes observed across various sectors based on available data.

Prominent Purchases in the Second Quarter

Columbus Macro demonstrated strong buying activity during this quarter, particularly evident through several new positions and significant increases in existing holdings. Notably, KLA Corporation (KLAC) saw a substantial increase of 47706 shares, representing an over seven-fold rise (+738.83%) in its position.

The investor also initiated new positions or significantly boosted existing ones with several companies:

• Goldman Sachs BDC Inc (GSBD), a Business Development Company, was added entirely as a new position.
• Kayne Anderson BDC Inc (KBDC) entered the portfolio completely this quarter.
• Bain Capital Specialty Finance (BCSF), another BDC, was also acquired in full during Q2 2026.
• Blue Owl Capital Corporation (OBDC) represents a new Business Development Company holding for the firm.
• PFFD, representing Global X Funds, increased its portfolio allocation from 2.04% to 2.04%, indicating a significant purchase of 202126 shares (up +21.98%). This ETF focus continued with substantial additions.
• Millrose Properties Inc (MRP) was added as a new position entirely this quarter.

Furthermore, the investor bolstered its holdings in APPLE Hospitality REIT Inc (APLE), increasing shares by 385846 units (+100%). Similarly, Armour Residential REIT Inc (ARR) experienced a doubling of its position.

Sales and Reductions in Portfolio Holdings

In contrast to the buying activity, Columbus Macro also reduced positions during Q2 2026. The most significant reduction occurred with Sysco Corporation (SYY), where shares decreased by a massive amount of -130321 units, resulting in its position being nearly wiped out (-97.47%). This suggests either a complete exit or substantial reduction from the previous quarter.

Other notable changes involved:

• Antero Midstream Corp (AM), which saw its position reduced by 19014 shares (-2.47%)
• Kinder Morgan Inc (KMI) experienced a decrease of 29817 shares, representing approximately -5.99%.

  The reduction in the position for SYY is particularly noteworthy given its significant change percentage.

  Sector-Specific Insights from Q2 Activity

  The investment activity across sectors provides further context. In the Financial Services sector, Columbus Macro focused on Business Development Companies (BDCs), adding new positions like GSBD, KBDC, and BCSF while also increasing its stake in OBDC.

  Within the Energy sector, although no major changes were disclosed for specific stocks beyond those already noted (OKE, ENB), the overall allocation remains substantial.

  The Technology sector saw a significant increase with KLA Corp (KLAC). The Real Estate sector experienced notable growth through Hospitality REITs (APLE, ARR) and an Energy MLP ETF (MLPA). Healthcare received attention via the purchase of shares in Bristol Myers Squibb (BMY). Basic Materials allocation was noted through companies like Altria (MO) and the continued holding of IVV.

  Columbus Macro's portfolio includes holdings in sectors such as Consumer Defensive (SYY, though significantly reduced), Industrials, and others. However, no purchases or changes were disclosed for the Consumer Cyclical sector during this period.

  Overall Portfolio Dynamics

  The portfolio of Columbus Macro, Llc as of June 30th, 2026, totals $1.02 billion according to available data (Columbus Macro, Llc). The top five holdings by weight account for approximately 9.75% of the total portfolio value.

  The investor maintains a diverse set of positions across various sectors and asset classes, including ETFs and individual stocks. This quarter's activity highlights both strategic additions to specific areas like Technology and BDCs, alongside reductions in other sectors such as Consumer Defensive (notably SYY).