Topor & Co. Korea ETF Activity Analysis: Q2 2026 Portfolio Shifts

Topor & Co. Korea's portfolio saw notable adjustments during the second quarter of 2026 (Q2), marked by both buying and selling activities within its Exchange-Traded Fund (ETF) positions.

The investor, known for managing a diversified portfolio primarily focused on ETFs, made several significant changes to its holdings. This filing details specific transactions observed in their portfolio during this period.

Significant Purchases

• EWY, the iShares MSCI Europe Small Cap ETF, experienced a substantial increase of 4984 shares. This represents an unprecedented 100% change from the previous period.
• Another significant addition was TBUX, T. Rowe Price Growth Stock ETF, which saw a net increase of 4768 shares (54.41%). This suggests renewed interest in smaller European equities.

These purchases indicate potential confidence or strategic shifts towards specific international small-cap exposure during Q2.

Prominent Sales and Reductions

• The largest position, Vanguard FTSE Social Index Fund (VT), saw a reduction of 3858 shares (-1.71%). This is part of an ongoing trend observed in this ETF over the quarter.
• Vanguard FTSE Emerging Markets Index Fund (VEU) experienced a significant decrease of 35,353 shares (-24.09%), representing one of the largest sell-offs during Q2.
• iShares Core ACWI Total Worldwide Market Index Fund (ACWI) also saw substantial reduction with a loss of 2,058 shares (-1.56%).
• Vanguard Balanced Fund (BND) and iShares Core U.S. Aggregate Bond Fund (AGG) both experienced moderate reductions in holdings.

These sales primarily affected large-cap international equities and broad market index funds, suggesting a strategic rebalancing or profit-taking approach by the investor during this quarter.

Minor Changes to Existing Holdings

In addition to these significant moves, several other ETFs held by Topor & Co. Korea Korea showed minor changes:

• Vanguard FTSE Japan Index Fund (VGOJ) decreased slightly (-0.13%).
• iShares Core MSCI World ex US Minimum Volatility Index Fund (MVW) saw a small reduction (-0.29%).
• T. Rowe Price Mid Cap Growth Stock ETF (PRMGX) also experienced a slight decrease (-0.46%).
• SPDR Series 1 Short Term Treasury Bond ETF (BIL) increased modestly by 8.58%.

The overall portfolio allocation percentage for these funds remained unchanged, indicating that the adjustments were concentrated within specific holdings rather than altering the fundamental structure of Topor & Co. Korea's investment strategy as per this filing.

Conclusion

In summary, Q2 2026 witnessed a dynamic adjustment phase for Topor & Co. Korea's portfolio. The period was characterized by significant inflows into specific small-cap international ETFs and substantial outflows from large-cap index funds and broad market exposure.