Diversified Portfolio with High Concentration in Industrials

Portfolio Overview

The portfolio is strategically balanced across various sectors with notable allocations to key industries.

• Industrial Stocks Dominance: The portfolio exhibits a high concentration in the Industrials sector, comprising approximately 34.15% of total value. GTLS and OSK are leading holdings within this sector, each contributing around 16.95% to the overall portfolio.
• Consumer Cyclical Outlier: GPK stands out with a Consumer Cyclical allocation of 7.26%, reflecting significant growth in its stock value.
• Basic Materials Presence: ASH, representing Basic Materials, contributes around 7.81% to the portfolio.

Notable changes include a substantial increase in GTLS and GPK, while other holdings experience decreases or stable performance.

Top Holdings by Value

• GTLS (CHART INDS INC):** The largest holding at $29,521,925 with a 16.95% allocation and a significant decrease of -46.31%.
• APTV (APTIV PLC):** Second-largest at $26,337,710 with an 15.12% allocation and a moderate decrease of -12.96%.
• WFRD (WEATHERFORD INTL PLC):** Third-place holder valued at $24,673,531 with a 14.17% allocation and a notable decrease of -44.29%.
• AXTA (AXALTA COATING SYS LTD):** Followed by AXTA at $21,865,680 with an 12.56% allocation and a decrease of -35.43%.
• GPK (GRAPHIC PACKAGING HLDG CO):** GPK is the fifth holding at $12,634,079 with a 7.26% allocation and a significant increase of +534.31%.
• OSK (OSHKOSH CORP):** OSK contributes around 11.11% to the portfolio at $19,338,270 with a decrease of -28.69%.
• ASH (ASHLAND INC):** ASH is the smallest holding at $13,597,816 with a 7.81% allocation and a slight decrease of -4.22%.
• G6564A105 (NOMAD FOODS LTD):** G6564A105 is valued at $9,494,300 with a 5.45% allocation and a substantial increase of +622.0%.

Sector Concentration Analysis

The portfolio exhibits the highest concentration in the **Industrial** sector at 34.15%, followed by a significant allocation to **Consumer Cyclical** stocks at 7.26%. The remaining allocations are spread across **Basic Materials** (7.81%) and other sectors with minimal representation.

GTLS and OSK, both within the Industrial sector, dominate the portfolio with combined allocations of 34.15%, highlighting a strategic focus on this industry segment.

Notable Changes

• GTLS:** A significant decrease in GTLS shares and value (-46.31%) indicates potential underperformance or strategic divestment from this holding.
• GPK:** GPK shows a remarkable increase of +534.31%, suggesting strong growth expectations for this sector or investment.
• OSK and AXTA:** Both OSK and AXTA experience decreases, with OSK at -28.69% and AXTA at -35.43%, indicating areas of potential concern or reduced confidence in these holdings.
• ASH and G6564A105:** ASH shows a slight decrease (-4.22%), while G6564A105 experiences a substantial increase (+622.0%), reflecting dynamic shifts within the portfolio.

In summary, the portfolio balances high concentration in key sectors with strategic allocations and notable changes across multiple holdings, reflecting a diversified investment strategy.