Ravenel Boykin Curry IV's Portfolio Changes for Q3 2026

In this quarter, Eagle Capital Management portfolio manager Ravenel Boykin Curry IV demonstrated a focused approach to his investments, making notable adjustments to his holdings. His portfolio, valued at $291,916 as of September 30, 2026, saw changes primarily in exchange-traded funds (ETFs) and a few individual stocks.

Significant Purchases

Certainly, the most striking activity involved substantial additions to specific ETFs:

• CME (CME Group Inc.), a company in the Financial Services sector, saw a massive increase of 9,319 shares, representing a 100% growth in this position during the quarter.
• FNDF (Schwab Strategic Trust), an ETF, experienced a dramatic 100% increase in shares, jumping from 0 to 22,265 units.
• VUG (Vanguard Index Funds), another ETF, showed an extraordinary 500% increase in shares, adding significantly to its allocation.

These purchases suggest a strategic interest in specific sectors and ETFs during this period.

Sales and Reductions

On the other side of the ledger, Curry reduced his positions in several ETFs:

• SCHX (Schwab Strategic Trust) saw a substantial decrease of 43,390 shares, amounting to a nearly 20% reduction in its allocation.
• WMT (WalMart Inc.) experienced a significant sell, with 1,330 shares sold, reducing its allocation by approximately 32%.

These exits, particularly from SCHX and WMT, indicate a shift away from these holdings.

Sector Allocation Shifts

The changes in holdings translated into notable shifts in sector allocation:

• The Financial Services sector allocation increased to 0.84%, driven by the significant purchase of CME.
• The Consumer Cyclical sector allocation saw a boost to 5.06% due to the purchase of VUG.
• The Financial Services allocation also benefited from the purchase of FNDF, though the overall impact was overshadowed by the large increase in that sector.

Conversely, the Unknown sector allocation, which previously held a dominant 48.86%, slightly decreased to 48.86% after the removal of SCHX and WMT.

Overall Portfolio Strategy

Curry's actions this quarter reflect a dynamic investment strategy focused on capitalizing on specific opportunities within the ETF landscape and adjusting exposure to certain sectors. The significant inflows into CME, FNDF, and VUG suggest confidence in the performance of these trusts, particularly those tied to Financial Services and Consumer Cyclical themes.

Meanwhile, the reduction in SCHX and the exit of WMT indicate a departure from previous positions, possibly reallocating capital to other areas or correcting previous overexposures. The overall portfolio weight of large holdings remains significant, with the top five positions accounting for 41.62% of the total value, as reported in the portfolio indicators.

For a detailed view of Ravenel Boykin Curry IV's portfolio holdings and their allocations, you can refer to the Eagle Capital Management filing on Insiderset.