Eagle Capital Management Portfolio: Strategic Blend of ETFs and Tech Giants

Top Holdings Analysis

Eagle Capital Management's portfolio, as of December 31, 2025, is dominated by exchange-traded funds (ETFs) and large-cap technology stocks. The largest holding by value is SPDR S&P 500 ETF Trust (SPY), representing approximately $26,240 in the portfolio. SCHWAB STRATEGIC TR (SCHD) follows closely with $25,424, and VANGUARD BD INDEX FDS (VUSB) rounds out the top three with $20,320. Notably, Broadcom Inc. (AVGO) and Alphabet Inc. (GOOGL) also feature prominently, each accounting for around $19,773 and $14,325 respectively, highlighting a significant allocation to individual technology stocks.

Sector Concentration

The portfolio exhibits a clear concentration towards the Technology sector. Apple Inc. (AAPL) and Broadcom Inc. (AVGO) are both classified under Technology, together accounting for about 12.12% of the portfolio. Microsoft Corp. (MSFT) further adds to this allocation. Beyond Technology, Alphabet Inc. (GOOGL) in Communication Services and Amazon.com Inc. (AMZN) in Consumer Cyclical also represent significant individual stock exposures. The substantial allocation to broad-based ETFs like SPY, SCHD, and VUSB suggests a core strategy centered on capturing market-wide growth, with selective concentration in high-weighted sectors like Technology.

Recent Changes and Strategy

The portfolio has seen mixed changes in holdings over the prior period. The SPDR S&P 500 ETF Trust (SPY) experienced a slight decrease in shares (-0.57%), while SCHWAB STRATEGIC TR (SCHD) saw a modest increase (0.51%). Vanguard Broad Market Bond ETF (VUSB) showed a significant increase in shares (9.9%). On the individual stock side, there have been notable reductions: Broadcom Inc. (AVGO) and Alphabet Inc. (GOOGL) both saw decreases in shares (-5.55% and -2.72% respectively), while Apple Inc. (AAPL) and Microsoft Corp. (MSFT) also reduced their positions slightly (-1.2% and -1.32%). Amazon.com Inc. (AMZN) experienced a minor decrease (-1.17%). This strategy appears to balance passive exposure through ETFs with active selection of large-cap technology and cyclical stocks, while maintaining a core position in broad-market exposure.

Investment Focus

Eagle Capital Management's approach appears to be a blend of passive and active strategies. The substantial allocation to major ETFs like SPY, SCHD, and VUSB provides broad market exposure and diversification. Simultaneously, the significant weighting towards individual stocks, particularly in the Technology sector (Apple, Microsoft, Broadcom), indicates an active tilt towards specific high-growth areas. The inclusion of cyclical stocks like Amazon further diversifies within the large-cap space. The moderate allocation to bond ETFs (VUSB) suggests a degree of interest rate sensitivity or tactical positioning within the fixed income space, though this is less pronounced than the equity exposure. Overall, the portfolio leans towards capturing growth, particularly in technology, while maintaining a core broad-market ETF position.