Grant Street Asset Management Q2 2026 Portfolio Changes: Significant ETF Buys and Sells

Grant Street Asset Management Inc. has released its portfolio holdings data as of June 30, 2026, revealing notable shifts in investments during the second quarter.

Prominent Purchases This Quarter

The firm significantly increased its exposure to several Exchange-Traded Funds (ETFs). The most substantial purchase was Vanguard Index Fund Admiral Shares (VO), which saw a massive 319.72% increase in shares during the quarter, boosting its portfolio allocation from an unknown previous level to 4.15%. This suggests renewed confidence or cash deployment into this broad market exposure fund.

Additionally, Grant Street bought significant amounts of other ETFs including Vanguard Admiral Shares Inc. (VOOV), increasing its stake by 3.93% and raising the allocation to 5.69%, iShares Core U.S. Total Stock Market ETF (IWF) with an 8.7% increase pushing it to a 0.49% allocation, Vanguard California Tax-Free Fund (VTEC) adding positions for a 0.17% allocation, and T. Rowe Price Exchange-Traded Fund Series (TDVG) increasing its position by 8.7%. These purchases indicate active management of the ETF portion of their portfolio.

Strategic Sector Shifts

The investor's focus appears heavily weighted towards Technology and broad market exposure, with these two sectors accounting for approximately 95% of the total disclosed value in this filing. The remaining allocations are minimal across other sectors like Financial Services (0.98%), Industrials (0.61%), Healthcare (0.43%), Consumer Cyclical (0.28%), and Communication Services (0.42%).

Grant Street also added a position in Southern Company stock (SO), which is categorized under Utilities, adding 7148 shares to the portfolio.

Notable Sales and Reductions

In contrast to these buys, Grant Street divested from certain holdings during Q2. The most significant reduction was in iShares Gold Trust ETF (IAU), where they sold almost all of their position, resulting in a 90% decrease in shares and effectively exiting the allocation entirely.

Other sales included Harbor ETF Trust (WINN) which decreased by 0.4%, though this is likely due to overall portfolio rebalancing rather than an outright sale given its large size. The firm also sold Schwab Strategic Trust Fund Shares (SCHF), reducing its allocation slightly, and exited a position in First Trust Excess Return Equity ETF (YJUN) which decreased by 6.95%.

Minor Changes and Stable Holdings

The remaining changes observed during the quarter were relatively minor adjustments to existing positions or additions of very small stakes. For instance, Janus Detroit Strategic Trust Fund Shares (JSI) increased slightly by 1.31%, Vanguard California Tax-Free Fund shares (VTEC) saw a 100% increase from new purchases, and BNY Mellon Munie Bond Infrastructure Fund (DMB) was added with minimal initial investment.

Overall Portfolio Dynamics

The portfolio currently holds 88 distinct holdings. The top five allocations sum to approximately 60.91% of the total value, reflecting concentration in large-cap ETFs and broad market exposure funds. Grant Street has demonstrated activity in both buying and selling positions this quarter, with a clear emphasis on expanding their footprint in major index funds while strategically reducing exposure to gold-related assets.