Ridgecrest Wealth Partners Increases Position in HDV ETF, Sells Broadcom Shares

According to filings from Ridgecrest Wealth Partners, Llc, the investment firm's portfolio saw notable changes during Q2 2026. The filing provides insights into specific stock and ETF transactions that occurred this quarter.

Major Purchase: IShares Core Small-Cap Growth ETF (HDV)

Ridgecrest Wealth Partners demonstrated a substantial increase in their portfolio holdings with the acquisition of shares in ISHARES TR (HDV). This fund, which focuses on small-cap growth stocks, experienced an unprecedented 394.67% jump in its portfolio allocation during this quarter alone.

The significant purchase of HDV suggests a strategic move towards smaller market capitalization companies that exhibit strong growth characteristics. Ridgecrest's substantial increase indicates confidence in the performance potential of these core small-cap stocks, adding nearly 80,000 shares to their position.

Other Notable Purchases

Besides HDV, the firm also showed buying interest in several other holdings:

• ALPHABET INC (GOOGL) saw its portfolio allocation increase slightly to 10.92%, representing a positive change of approximately 4,389 shares.
• The firm boosted their position in the Vanguard Information Technology ETF (VUG) by nearly 5,000 new shares (or an equivalent increase), raising its allocation to about 0.19%.
• Ridgecrest also increased their stake in the IShares Russell Top 2000 Growth ETF (DGRO) by over 2,500 shares (or equivalent), pushing its allocation up to 6.64%.
• Additionally, the firm made a fresh purchase of shares in several individual stocks including CSX CORP, CLOROX CO DEL, and STARBUCKS CORP. These purchases added new positions or significantly increased existing ones for these companies.

Significant Sale: Broadcom Inc. (AVGO)

The most substantial change in the portfolio this quarter was a reduction, specifically in BROADCOM INC (AVGO). Ridgecrest sold approximately 15% of their position (-1495 shares or -15.73%), resulting in its portfolio allocation dropping to just 2.05%. This represents a significant decrease from previous levels.

While the sale was substantial, it wasn't an exit entirely; Ridgecrest still holds about 2% of their total portfolio invested in AVGO. The firm also sold shares in MU, though specific figures for that stock are not included in the provided data.

Overall Portfolio Changes and Diversification

Ridgecrest's portfolio saw an increase of nearly 76,000 shares overall this quarter. Their largest holdings remain concentrated primarily in Technology (GOOGL, AAPL, NVDA) and Communication Services sectors.

The firm also made incremental adjustments to other positions like VOO, MSFT, and several others, as detailed in the changed_holdings list. These changes reflect Ridgecrest's ongoing strategy to manage risk and optimize returns within their investment mandate.

Sector Allocation Context

For context, Ridgecrest's portfolio allocation across sectors appears diversified but shows a clear tilt towards certain areas:

• The Technology sector holds the largest portion of assets (28.52%) through holdings like AAPL and GOOGL.
• Communication Services follows closely with an allocation of approximately 16% (GOOGL, NFLX).
• Ridgecrest also has significant exposure to Healthcare (4.93%), Financial Services (4.49%), Consumer Defensive (4.52%), and Energy sectors.

The filing indicates that the firm holds a total of 104 positions, with their top five holdings accounting for about 40% of the portfolio value as of June 30th, 2026.