Eldridge Investment Advisors Q2 Portfolio Changes: Focus on US Stocks and Bonds

As of June 30, 2026, Eldridge Investment Advisors Inc.'s managed portfolio stood at $492 million, reflecting its investment strategy focused primarily on US equities and fixed income securities.

The firm's holdings continue to be heavily concentrated in the 'Unknown' sector, accounting for approximately 91.14% of the total value ($448 million). This remains a defining characteristic despite other sectors being present. The portfolio also includes allocations across various ETFs representing different market segments and asset classes.

Prominent US Stock Holdings

Eldridge's largest single holding this quarter was the iShares Core S&P Total U.S. Stock Market ETF (ITOT), valued at $54 million, constituting 10.76% of the portfolio. This position saw a slight increase in shares (+0.84%) during Q2.

Other significant US stock allocations include State Street SPDR Portfolio S&P 500 ETF (SPLG) at $36 million (7.25%), iShares Core S&P 500 ETF (IVV) at $29 million (5.84%), and several Dimensional and John Hancock multifactor funds, highlighting the firm's use of factor-based strategies across different market caps.

Significant Changes This Quarter

Eldridge demonstrated active trading during Q2, with notable purchases and sales in both equities and fixed income. The iShares Core S&P 500 ETF (IVV) allocation increased by a small percentage (+0.94%) while the John Hancock Multifactor Mid Cap ETF (JHMM) saw modest growth (+2.86%).

On the exit side, Eldridge significantly reduced its positions in several bond-related holdings. The iShares IBonds December 2027 Treasury ETF (IBTH) allocation decreased by -74.12%, while sales of the iShares IBonds December 2026 Treasury ETF (IBTG), Goldman Sachs Access Treasury ETF (GBIL), and Janus Henderson AAA Corporate Credit Opportunities ETF (JAAA) were substantial, with reductions ranging from -38.88% to -58.08%. These exits primarily occurred in fixed income segments.

Bond ETF Activity

The investor's bond portfolio experienced notable changes this quarter. While the iShares Core S&P Total U.S. Stock Market ETF (ITOT) includes some exposure, specific bond activity is tracked separately through various ETFs.

Eldridge significantly increased its position in several income-oriented fixed income funds: Eaton Vance Total Return Bond ETF (EVTR) allocation rose by +50.3%, Pimco Multisector Income Strategy ETF (PYLD) increased by +120.85% (now 1.39%), and iShares U.S. Treasury Bonds ETF (GOVT) also saw a large increase (+100.0%) to $2.6 million, now representing 0.53%. Conversely, the firm exited positions in GSST (-93.5%) and IBTG (-38.88%), indicating a potential shift away from short-term or specific duration fixed income strategies.

Overall Portfolio Dynamics

Eldridge's portfolio consists of 156 holdings, with the top five ETFs accounting for approximately 32% of the total value. This suggests concentration in certain large positions alongside diversification across many smaller ones.

The quarter featured both substantial purchases and significant sales, as indicated by the 'has_large_buys' and 'has_large_sells' flags being true. Eldridge notably bought into EVTR (+50.3%), PYLD (+120.85%), GOVT (+100.0%) while selling off JAAA (-58.08%), GBIL (-81.46%), DFLV (-67.95%), and IBTH (-74.12%). These actions reflect a dynamic approach to managing risk and returns, adjusting positions based on market outlooks.