Eagle Capital's Focus: Top 4 ETFs Dominate Portfolio
Ravenel Boykin Curry IV's Eagle Capital Management portfolio, as of March 31, 2026, is heavily concentrated in large-cap ETFs and Technology stocks.
Introduction
Eagle Capital Management, represented by Ravenel Boykin Curry IV, maintains a portfolio heavily concentrated in exchange-traded funds (ETFs) and prominent Technology stocks as of March 31, 2026. The portfolio's top four holdings by value are primarily large-cap ETFs tracking broad market indices and the Nasdaq-100, combined accounting for approximately 39% of the total value. This strategy appears to favor established, large-cap growth stocks and broad market exposure through ETFs.
Top Holdings and Sector Focus
The portfolio's largest position is SCHWAB STRATEGIC TR (SCHD), representing about 11.24% of the portfolio's value. This is followed by SPDR S&P 500 ETF Trust (SPY) at 9.8%, INVESCO QQQ TR (QQQ) at 7.98%, and VANGUARD BD INDEX FDS (VUSB) at 7.65%. Collectively, these four holdings constitute roughly 39% of the portfolio, highlighting a significant concentration in large-cap, growth-oriented assets, primarily through ETFs. Notably, Technology is the dominant sector, encompassing positions in AVGO (6.66%), AAPL (5.01%), and MSFT (3.12%), which together make up about 14.8% of the portfolio. Other significant sectors represented include Communication Services (GOOGL, 4.93%) and Consumer Cyclical (AMZN, 3.37%).
Concentration and Strategy
The portfolio exhibits a clear bias towards large-cap, growth-focused investments, heavily utilizing ETFs for broad market exposure. SCHD, SPY, and VUSB are all ETFs designed to track large-cap indices, while QQQ specifically targets the Nasdaq-100, heavily weighted towards large-cap Technology companies. This suggests a strategy focused on capturing broad market growth, particularly within the large-cap Technology sector. The significant allocation to these four ETFs indicates a core strategy centered on large-cap growth, with Technology being a key focus area.
Recent Changes
Several holdings show notable changes in the most recent period. SCHD saw an increase in shares held (+0.25%), while SPMO (INVESCO EXCH TRADED FD TR II) also increased (+1.38%). Conversely, AVGO (-4.46%), AAPL (-2.36%), GOOGL (-4.95%), AMZN (-1.52%), and MSFT (-2.16%) all experienced decreases in their shareholdings. These changes reflect potential adjustments to specific Technology positions or tactical shifts within the ETF allocations, though the overall direction towards large-cap growth remains intact.
Conclusion
In summary, Ravenel Boykin Curry IV's portfolio at Eagle Capital Management, as of March 31, 2026, is characterized by a heavy concentration in large-cap ETFs and Technology stocks. The top four holdings dominate the portfolio, reflecting a strategy focused on large-cap growth, particularly within the Technology sector. Recent changes indicate active management, with adjustments made to specific Technology holdings and ETF allocations, but the overall emphasis on large-cap, growth-oriented assets remains consistent.