Eagle Capital's Strategic Focus: Top 4 Holdings Dominate Portfolio
Ravenel Boykin Curry IV's portfolio at Eagle Capital Management, as of March 31, 2026, is heavily concentrated in large-cap ETFs and Technology stocks, with SCHWAB STRAT TR (SCHD) leading holdings.
Top Holdings Analysis
Eagle Capital Management's portfolio, managed by Ravenel Boykin Curry IV, shows a clear preference for established large-cap funds and select large-cap technology stocks as of March 31, 2026.
- SCHWAB STRATEGIC TR (SCHD): Holds the largest position with 929,233 shares valued at $28,509, representing 11.24% of the portfolio.
- SPDR S&P 500 ETF Trust (SPY): The second-largest holding with 38,235 shares worth $24,866, accounting for 9.80%.
- QQQ Trust (QQQ): Holds 35,057 shares of the QQQ ETF, valued at $20,234 and making up 7.98%.
- VANGUARD BOARD INDEX FUNDS (VUSB): With 389,904 shares valued at $19,411, this ETF contributes 7.65%.
The top four holdings alone account for approximately 39.67% of the total portfolio value, highlighting a significant concentration in broad market and large-cap focused instruments.
Sector Allocation and Concentration
The portfolio exhibits a notable concentration in the Technology sector, driven primarily by large-cap technology stocks and broad-based ETFs.
- Technology: Apple (AAPL), Microsoft (MSFT), Alphabet (GOOGL), and Broadcom (AVGO) together make up the core of this allocation, representing 5.01%, 3.12%, 4.93%, and 6.66% respectively, totaling over 19% of the portfolio.
- Communication Services: Alphabet (GOOGL) contributes 4.93%.
- Consumer Cyclical: Amazon (AMZN) accounts for 3.37%.
- ETFs/Other: The remaining allocation includes SCHD (11.24%), SPY (9.80%), QQQ (7.98%), VUSB (7.65%), and SPMO (3.32%).
This allocation suggests a strategy that combines broad market exposure through ETFs with significant overweight positioning in high-growth large-cap technology names.
Recent Changes and Investment Strategy
The portfolio manager has made relatively minor adjustments to the holdings recently, with most changes being small in magnitude.
Notable movements include a slight increase in SCHD (0.25%) and a significant decrease in VUSB (-4.37%). Other changes, such as the reduction in AVGO (-4.46%) and AAPL (-2.36%), are consistent with ongoing portfolio management but do not indicate a major strategic shift.
The overall strategy appears to be one of strategic concentration. The core of the portfolio is built around exposure to large-cap growth and broad market ETFs (SCHD, SPY, QQQ, VUSB). This core is then augmented with significant allocations to specific large-cap technology leaders (Apple, Microsoft, Alphabet, Broadcom), suggesting an overweight position in this high-performing sector. The inclusion of a consumer cyclical stock (Amazon) adds diversification, albeit in a smaller allocation. The minimal changes observed recently indicate a deliberate and stable approach to portfolio construction and management focused on maintaining this specific blend of broad exposure and targeted sector concentration.