Kozak & Associates Portfolio Analysis: Q2 2026 Investment Activity

Kozak & Associates, Inc., a prominent investment firm, saw significant activity in its portfolio during Q2 2026 as reflected in their latest filing dated June 30, 2026. The analysis of changed holdings reveals a dynamic approach to managing risk and returns.

The firm demonstrated strong buying momentum in several areas. Notably, they significantly increased their position in the PIMCO MULTISECTOR BOND ACTIVE EXCHANGE-TRADED FUND (PYLD), adding over 668,000 shares during the quarter. This ETF, available at InsiderSet, represents a substantial allocation of approximately 3.11% to fixed income strategies.

Among equity holdings, Kozak & Associates significantly boosted their exposure in several sectors. They added shares to the ISHARES S&P MID-CAP 400 GROWTH ETF (IJK), increasing by over 216,000 shares or more than 152% of its prior position. Similarly, they acquired a large stake in SCHWAB FUNDAMENTAL EMERGING MARKETS EQUITY ETF (FNDE), adding nearly 209,000 shares and increasing the allocation to about 1.43%. The firm also made a fresh purchase of ISHARES U.S. TECH INDEPENDENCE FOCUSED ETF (IETC) by acquiring over 465,000 shares, bringing its weight up significantly in this category.

Concurrently, the investor sold or reduced positions in other assets. They divested from several holdings entirely or substantially decreased their size. For instance, they exited INVESCO S&P 500 REVENUE ETF (RWL) completely by selling over 253,000 shares, reducing its portfolio allocation to zero percent. The VANECK SEMICONDUCTOR ETF (SMH), which experienced a nearly 40% reduction in holdings (-25664 shares), also saw its weight decrease significantly.

Furthermore, the investor shed positions from other ETFs like ISHARES US FINANCIAL SERVICES ETF (IYG) and ISHARES U.S. INDUSTRIALS ETF (IYJ). The significant reduction in IYG (-124951 shares or -29%) suggests a strategic shift away from financial services, while the decrease in IYJ (-75147 shares or -34%) indicates less focus on industrials this quarter.

The overall portfolio turnover reflects these changes. Kozak & Associates' actions resulted in both large inflows (into PYLD and other ETFs) and substantial outflows, including the complete exit from RWL. This active management approach is evident through their disclosed significant buys and sells during Q2 2026.