Lakeridge Wealth Management Llc Q2 2026 Portfolio Activity: Major Purchases & Significant Sales

Major Investment Increase

Lake Ridge Wealth Management LLC significantly bolstered its position during the second quarter of 2026. The most prominent change was an investor-wide purchase, increasing holdings by 100%. This substantial stake in FELC (FIDELITY COVINGTON TRUST) jumped from zero shares to a considerable amount.

This move suggests a strategic decision or continuation of exposure into this specific trust vehicle. The total value attributed to this position is listed as $19,812,502, representing approximately 7.27% of the overall portfolio allocation at quarter-end on June 30th.

Significant Reduction in Trust Holdings

Conversely, Lake Ridge Wealth Management LLC drastically reduced its stake in FDVV (FIDELITY COVINGTON TRUST) during Q2. The position saw a sharp decline of -42.26%, indicating either an aggressive sale or no carryover from the previous quarter.

The total shares held decreased significantly, and while the exact value isn't provided in the changed holdings list for FDVV, its portfolio allocation dropped to 4.57% at the end of the period compared to a prior position that was likely higher.

Other Notable Purchases

Beyond FELC and FDVV, Lake Ridge Wealth Management LLC also demonstrated buying activity in several other trusts during this quarter:

• FIDELITY COVINGTON TRUST (FELC) - A major purchase as noted.
• ISHARES TR (ISTB) - Increased holdings by approximately 29.9%, adding $7,332,900 in value to the portfolio position.
• AMERICAN CENTY ETF TR (AVUS) - Shares increased by about 33.97%, contributing roughly $14,214,026 at quarter-end.
• VICTORY PORTFOLIOS II (USTB) - New position added with a value of around $1,994,050.
• AMERICAN CENTY ETF TR (AVEM) - Shares increased by roughly 21.39%, adding approximately $5,726,898 in value.

Their portfolio now includes positions like J P MORGAN EXCHANGE TRADED FUND (JMEE), LEGG MASON ETF INVT (LVHI), and others that gained weight during the quarter. For instance, LVHI was added with a small position of $948,290.

Substantial Sales Activity

Lake Ridge Wealth Management LLC also engaged in significant selling activity this quarter:

• FIDELITY COVINGTON TRUST (FDVV) - A major sale reduced the position by a substantial amount.
• LEGG MASON ETF INVT (LVHI) - Sold approximately 80.3% of its holdings, reducing the value significantly from previous quarters.
• DIMENSIONAL ETF TRUST (DFAC) - Reduced shares by about 91.21%, indicating a near-complete exit or substantial reduction.
• VICTORY PORTFOLIOS II (USTB) - Sold its position entirely, reducing the allocation to zero at quarter-end.

Additionally, they sold out positions in several Dimensional ETF Trust holdings and exited other trusts like AVDE. The sale of IYW (ISHARES TR) also contributed to their overall selling activity this period.

Diversification Changes & Technology Focus

The portfolio adjustments reflect a dynamic approach, with Lake Ridge Wealth Management LLC adding new positions and reducing exposure in others. Their investment landscape includes major holdings like NVIDIA (NVDA) which saw an increase of about 24.15% during the quarter.

Technology remains a significant sector within their portfolio allocation at this time, though specific details on NVDA's sector breakdown are not provided for all positions in the data given. The investor holds several ETFs and trusts focused on technology sectors like IVV (ISHARES TR) and MTUM (Micro Cap Technology).

The overall portfolio structure shows diversification across various asset classes, including ETFs representing different market segments and strategies.