Talon Private Wealth Investment Changes in Q3 2026

Talon Private Wealth, Llc managed a substantial portfolio valued at $821.18 million as of June 30, 2026. The investment strategy appears heavily focused on Exchange Traded Funds (ETFs), with the majority of holdings concentrated in the 'Unknown' sector allocation category, totaling 77.38% of the portfolio value. This indicates a preference for diversified or complex ETF structures over direct stock investments, although some direct stock positions exist.

Significant Purchases This Quarter

This quarter, Talon Private Wealth demonstrated a clear preference for acquiring ETFs, particularly those associated with the Innovator ETFs Trust brand. The most notable purchases include:

• UMAR: A significant new position in the INNOVATOR ETFS TRUST, representing a 100% increase in shares and contributing 3.31% to the portfolio.
• UMAY: Another substantial addition to their holdings within the Innovator ETFs Trust family, also showing a 100% share increase and now accounting for 3.29% of the portfolio.
• UJUN: A significant purchase of ETF shares, linked to the Innovator ETFs Trust, increasing the position by 100% and contributing 3.28% to the portfolio.
• QQQ: A major new holding, the Technology sector ETF, now representing 7.89% of the portfolio value.
• BFEB: A significant purchase in the Innovator ETFs Trust, contributing 1.18% to the portfolio.

These purchases suggest a strategic move towards ETFs, especially those tracking Technology and the Innovator ETFs Trust complex, indicating confidence in these areas during this period.

Notable Sales and Reductions

Conversely, Talon Private Wealth also made significant changes to existing positions, including notable reductions and exits. Key activities include:

• JSI: A major sale from their portfolio, linked to the INNOVATOR ETFS TRUST, resulting in a 70.03% decrease in shares and contributing 0.24% to the portfolio.
• VOT: An exit from this stock, likely due to its sale or significant reduction.
• AMGN: A reduction in position, indicating a decrease in holdings.
• CRM: Another reduction in position observed.
• UNOV: A complete exit from this position, which was previously a small holding contributing 0.03% to the portfolio.

The reduction in the INNOVATOR ETFS TRUST holdings (JSI, UNOV, UOCT, UDEC) and the exit from UNOV specifically, show a reversal from previous periods where these ETFs were being accumulated.

Overall Portfolio Dynamics

The portfolio's structure, as indicated by the data, features a high number of holdings (228 total), with the top five ETFs accounting for 21.45% of the portfolio value. The 'Unknown' sector allocation remains dominant, suggesting that the investor relies heavily on ETFs for broad market exposure or holds complex instruments not easily categorized. The presence of both large buys and large sells (has_large_buys: true, has_large_sells: true) highlights active turnover within the portfolio this quarter.

The changes observed in the portfolio, including the significant shifts in ETF holdings and the exits from specific positions like JSI and UNOV, reflect a dynamic investment approach focused on capitalizing on perceived opportunities and managing risk. For more detailed information on Talon Private Wealth's portfolio and these specific holdings, please refer to the official filing available at Talon Private Wealth, Llc.