Lee-Kelleher Wealth Management: Concentrated S&P Holdings and Selective ETF Purchases in Q2 2026

Quarterly Portfolio Snapshot

Last quarter, Lee-Kelleher Wealth Management held a substantial portfolio valued at $190.9 million as of June 30th.

Prominent Position in SPDR ETFs

The firm's largest holding remains the SPDR Series Trust (SPSM), which accounts for approximately 74% ($14,165,820) of its total assets. This position saw a slight reduction during the quarter, with share count decreasing by 2,780 units (-10.29%) and stock value dropping slightly to $13,983,820.

Significant iShares Purchases

Lee-Kelleher demonstrated notable buying activity in several prominent ETFs during Q2:

• ISHARES TR (IVV), a core S&P 500 fund, increased its stake by just over 1% ($369.2k) in absolute terms and slightly reduced shares (-1.15%) but saw minimal change overall.
• WISDOMTREE TR (DLN) experienced a significant increase, adding over 2,800 units to its position despite the ETF's slight underperformance (-0.75%) during the quarter.
• ISHARES TR (IJK) also saw a modest increase, adding around $462k in value and slightly increasing its share count by 1.83%.

Diversification into Specific ETFs

The firm continued to diversify within the ETF space through targeted purchases:

• ISHARES TR (IWF) was acquired, adding exposure to emerging markets.
• VANGUARD INDEX FDS (VUG), focusing on US technology growth stocks, saw a substantial increase in share count (+315.82%) and value.
• VANGUARD WORLD FD (VGT) was added to the portfolio, increasing its position by a large percentage (100.0%), indicating strong conviction in broad technology exposure.
• ALPHABET INC (GOOGL) was also included, showing interest in individual large-cap tech stocks like the others.

Moderate Holdings in Other ETFs

Purchases were observed in other funds as well:

• VANGUARD SCOTTSDALE FDS (VONV) was added, increasing its position by a moderate percentage.
• ISHARES TR (IWR), an inflation-focused fund, saw its stake increase slightly (+8.92% in value).

Overall Strategy and Focus

The portfolio remains heavily concentrated within US equities via various ETF wrappers, with the SPDR Series Trust (SPSM) being a dominant position despite recent slight reductions.