Grey Ledge Advisors Q2 Portfolio Shifts: Major ETF Reductions and New Positions
Grey Ledge Advisors significantly reduced holdings in SCHG, SCHV, and FNDA while increasing positions in NOW and ARMP during the second quarter.
As of June 30th, 2026, Grey Ledge Advisors, a financial advisory firm managing substantial assets, has reported notable changes in its portfolio holdings for the quarter. The total portfolio value stood at $487 million.
The most significant activity involved reductions across several key positions:
- SCHG (SCHWAB US LARGE-CAP GROWTH ETF) saw a massive decrease of $1.5 million, representing an unprecedented -75.18% reduction in shares.
- SCHV (SCHWAB US LARGE-CAP VALUE ETF) experienced a near-total wipeout, with its position dropping by $9.3 million (-99.32%) due to the sale of virtually all shares.
- FNDA (SCHWAB FUNDAMENTAL US SMALL COMPANY ETF) also faced a substantial reduction, though less drastic than SCHV. The position decreased by $109 million (-94.56%) in market value.
- Additionally, other significant sales occurred: holdings in SCHX, IGSB, and TGIA were reduced or exited entirely during this period.
In contrast to these exits, the firm demonstrated strong buying activity for certain stocks:
- NOW (SERVICE NOW INC) experienced a remarkable increase of $1.8 million (or +100% in percentage terms), effectively doubling its position.
- The firm also significantly increased its stake in the pharmaceutical sector via ARMP (ARMATA PHARMACEUTICALS INC). This ETF holding grew by $20,000 (+66.67%) and is now valued at $324,000.
- Other notable purchases included the WisdomTree Mid-Cap Dividend Fund (DON) which increased slightly but still warrants attention as part of their active management strategy.
The overall portfolio shows a mix of strategic adjustments and new interest. The firm exited positions in large-cap growth ETFs (SCHG, SCHV) and significantly reduced its position in the small-cap fundamental equity fund (FNDA). Conversely, they showed strong buying interest in NOW and ARMP.
Grey Ledge Advisors appears to be actively managing their portfolio structure. Their actions reflect a clear preference for certain types of investments while divesting from others entirely or substantially during Q2 2026.