Live model data — baked daily from Yahoo Finance closes
Capital Wealth — Model Portfolios
Many Strategies, One Discipline. Positioned for What's Next.
Capital Wealth runs a full library of proprietary allocations across growth, income, conservative, sector, and faith-based mandates — each reweighted against our daily macro research. The framework is consistent: lean into structural themes, hedge the tail, and never forget that every basis point of alpha is earned, not assumed. Below is where the book stands year-to-date.
Every number on every card is computed each morning from Yahoo Finance closes across the full model — at today's target weights. Nothing hard-coded. Pick any range, see where the book stands, compare against the S&P 500, see the biggest contributors and detractors, and pull a Morningstar-style fact sheet for any model.
Showing prior-close YTDs from yesterday's Yahoo bake. Click to pull live during market hours.
Data as of — · S&P 500 benchmark · —
All the books, ranked.
Click any column to sort · hypothetical total return
Model
Mandate
YTD
1Y
2025
Since incep.
Annualized
Vol
β
vs S&P
† Memory & Storage reflects a single vertical theme — Micron, SanDisk, Western Digital and Seagate are all multi-baggers this year. The number is real but is not a diversified expectation; size accordingly.
Sort strip by:
Hypothetical. Returns apply today's target weights to historical split- and dividend-adjusted closing prices. Total return basis (price change plus reinvested dividends), gross of advisory fees and trading costs. Not actual client-account returns. Past performance does not guarantee future results. Capital Wealth rebalances weekly — holdings change.
01 — The Strategies
The full library, family by family.
Each strategy is built to a specific mandate — concentrated growth, broad diversification, income, or Sharia-compliance — and tuned to current research. Year-to-date performance reflects all rebalances through September 4, 2026 (Sep 4 cascade off the Sep 4 Journal: VLO added at 1.50% as a “+” sleeve row to the $250K and $500K tactical tiers — the book’s first downstream refiner, bought with U.S. refineries above 97% utilization and no new capacity inside five years; funded outside the 99.5% base by the sleeve convention. IAU, GDX, NEM and WPM reinforced on gold’s $125 day and the Dutch central bank’s $11 billion move out of New York; USFR and SGOV reinforced with a September hike a coin flip and 93% odds of zero cuts this year; JPM, GS, MS and BAC reinforced as financials led the Waller rally; NVDA, TSLA, META, TM and RSP held at weight; BA and MSFT moved to watch on the Spirit goodwill and the new two-segment reporting; long nominal Treasuries stay an avoid while the hike is a coin flip)
Aggressive Growth
Concentrated to diversified — the tactical thesis, scaled by account size.
Growth · Concentrated
Capital Wealth Aggressive Growth · $50K · Tactical
Starting at $50,000
+19.0%
Year-to-Date
+4.5%
1-Month
Our highest-conviction book. Focused bets on energy, defense, AI infrastructure, and financials — the themes the Journal confirmed every week of Q1. Built for clients who want the full Capital Wealth thesis expressed without dilution.
GrowthHigh Conviction
Growth · Balanced
Capital Wealth Aggressive Growth · $100K · Tactical
Starting at $100,000
+19.0%
Year-to-Date
+4.5%
1-Month
Balanced growth. Core thematic positions paired with satellite exposure to AI data infrastructure and cybersecurity. Designed to compound without the volatility of a concentrated book.
Growth
Growth · Broad
Capital Wealth Aggressive Growth · $250K · Tactical
Starting at $250,000
+19.7%
Year-to-Date
+4.7%
1-Month
Every theme represented. Broad sector exposure across the full Capital Wealth research universe — defense, energy, AI, data center power, financials, gold. Built for clients who want the whole thesis expressed.
Growth
Growth · Diversified
Capital Wealth Aggressive Growth · $500K · Tactical
Starting at $500,000
+19.0%
Year-to-Date
+4.8%
1-Month
Full spectrum. Maximum diversification across every theme with earnings-driven satellite positions. For larger balances seeking thematic exposure with institutional-grade dispersion.
Growth
Growth · Ex-Mega-Cap
Capital Wealth Non-Mag-7 · $100K · Diversified
Starting at $100,000
+27.9%
Year-to-Date
+4.6%
1-Month
The full Capital Wealth book minus the Magnificent 7 — no AAPL, MSFT, GOOGL, AMZN, META, NVDA or TSLA. For clients already heavy in mega-cap tech (employer RSUs, a concentrated 401k) who want everything else: defense, energy, financials, AI infrastructure ex-Mag7, semis ex-NVDA, healthcare, and gold.
Growth
Thematic
Single-theme books for targeted conviction and satellite sleeves.
Sector · Energy & Power
Capital Wealth Energy · $100K · Sector
Starting at $100,000
+26.2%
Year-to-Date
-1.3%
1-Month
Pure-play energy and electrification — integrated majors, E&P, midstream, and oilfield services, paired with the grid and power names (GE Vernova, Quanta, Vistra, Cameco) that electrify AI demand. Built on the structural supply-risk premium and the $1.4T grid build-out.
Sector
Thematic · Memory Supercycle
Capital Wealth Memory & Storage · $100K · Thematic
Starting at $100,000
+146.4%
Year-to-Date
+9.9%
1-Month
The memory and HBM supercycle expressed directly — DRAM and NAND makers, advanced packaging, wafer-fab equipment, and the systems pulling memory content. The headline return reflects one vertical theme (MU, SanDisk, Western Digital and Seagate are multi-baggers this year), not a diversified expectation — size accordingly.
Thematic
Speculative · Quantum
Capital Wealth Quantum · Speculative
Speculative sleeve — 5–15% of assets
+6.2%
Year-to-Date
-1.9%
1-Month
A dedicated quantum-computing book — pure-plays (IonQ, Rigetti, D-Wave, QUBT) sized for asymmetry, paired with big-cap optionality (IBM, Google, NVIDIA, Honeywell/Quantinuum) and a QQQM / gold / cash ballast. A 2030 optionality sleeve; tolerate a 50%+ drawdown on the sleeve.
Speculative
Speculative · Asymmetric
Capital Wealth Tech & Quantum · Speculative
Sleeve sizing · 5–15% of household
+19.2%
Year-to-Date
+3.2%
1-Month
The moonshot sleeve. 29 positions across quantum computing pure-plays (IONQ, RGTI, QBTS, QUBT), AI infrastructure leaders (NVDA, PLTR, AVGO), AI-power buildout (VST, CEG, GEV, VRT), counter-drone + space (AVAV, RKLB), rare earth (MP), and the Mag7. Sized small per name because outcomes range 10x to zero. Pairs with the core book — never replaces it.
SpeculativeRoth IRA Recommended
Income
Dividend and yield-first allocations with a defensive tilt.
Income · Conservative
Capital Wealth Dividend Income · Yield Focus
Starting at $40,000
+11.4%
Year-to-Date
+1.3%
1-Month
Income-first. Anchored by energy dividend majors and integrated oils, paired with a small Mag 7 growth sleeve. Designed to pay cash monthly without sacrificing upside when markets run.
Income
Income · Moderate
Capital Wealth Dividend Income · Balanced
Starting at $100,000
+9.9%
Year-to-Date
0.0%
1-Month
Balanced income. Dividend anchors paired with quality growth and financials. Built for clients who want cash flow but also expect the portfolio to keep pace when the broad market is working.
Income
Income · Growth
Capital Wealth Dividend Income · High Yield
Starting at $100,000
+13.9%
Year-to-Date
+2.0%
1-Month
High yield with growth overlay. Cybersecurity and data infrastructure added to a dividend spine. Targets a yield premium over the benchmark while keeping pace with the growth engine of the book.
Income
Income · Balanced
Capital Wealth Dividend Income · 5% Yield Focus
Starting at $250,000
+9.4%
Year-to-Date
+1.0%
1-Month
25-position book targeting a ~5.05% blended yield. Half quality dividend core (SCHD/VYM/DGRO + JNJ/PG/KO/PEP/ABBV/MRK) and half higher-yield income (MLPs, REITs, BDCs, JEPI covered call). On $500K invested: ~$25,250/year. Distribution cadence engineered to pay almost every week of the year.
Income5% Yield Target
Specialty
Faith-based and tax-aware mandates.
Faith-Based · Screened
Capital Wealth North Star Faith-Based 50 · $50K · Screened Core
Starting at $50,000 · also $200K and $500K
—
Year-to-Date
—
1-Month
The North Star, run through the faith-based screen: the same sleeves and watch list, every name checked on Musaffa and Zoya, a sukuk reserve in place of Treasury bills, and a Shariah-ETF core in place of the banks.
Faith-Based
Specialty · Tax-Aware
Capital Wealth Tax-Efficient · Diversified · Taxable
For taxable brokerage accounts
+9.7%
Year-to-Date
+4.0%
1-Month
20-position taxable-account model built for low turnover, qualified-dividend treatment, and tax-loss-harvesting flexibility. Pairs with the wash-sale tracker so every harvest stays IRS-compliant. CA-resident variant uses CMF for double-tax-free muni interest. Excludes REITs and MLPs (those go in the IRA sleeve).
Tax-OptimizedWash-Rule Aware
Thematic Series A–D
Four themes — AI & Compute, Hard Assets, Global & Emerging, Income & Quality — each at $100K / $250K / $500K. Full tier-by-tier numbers in the table above.
Thematic · A
Capital Wealth AI & Compute · Series A
$100K · $250K · $500K
—
YTD ($250K)
3
Tiers
The full AI stack — accelerators and custom silicon, memory/HBM, the wafer-fab equipment beneath them, networking, data platforms, cybersecurity, and the power that runs the data centers.
AI & Compute
Thematic · B
Capital Wealth Hard Assets · Series B
$100K · $250K · $500K
—
YTD ($250K)
3
Tiers
Real-economy leverage — integrated energy and midstream, the $1.5T defense build, gold and critical-materials miners, and the power/nuclear names. Built for inflation, geopolitics, and supply scarcity.
Energy · Defense · Gold
Thematic · C
Capital Wealth Global & Emerging · Series C
$100K · $250K · $500K
—
YTD ($250K)
3
Tiers
The world ex-US — developed-market quality (Europe, Japan) and emerging-market growth (India, Taiwan, Korea, Brazil) via single-name ADRs and broad regional ETFs, with a small US anchor.
International + EM
Thematic · D
Capital Wealth Income & Quality · Series D
$100K · $250K · $500K
—
YTD ($250K)
3
Tiers
Compounding with a paycheck — dividend-growth ETFs, quality financials, staples and healthcare, energy income and midstream, REITs, a covered-call sleeve, and a short-duration bond anchor.
Dividend Growth
02 — What The Book Is Positioned For
Seven themes. All tracking.
These are the structural positions every model carries in some form — sized by mandate, but shared in thesis. Each one traces back to the Journal's front page and our daily research. None of them are trades; all of them are where capital wants to go over the next two years.
🛢️
Energy — Structural, Not Tactical
The Iran blockade went global. WTI is $92.96 and Europe has roughly six weeks of jet fuel. The supply-risk premium is structural, not a spike. We stay overweight integrated majors and U.S. refiners; we own no airlines.
Overweight Working
🛡️
Defense — The $1.5T Budget Era
Steve Feinberg is selling the largest wartime budget in modern history to the primes with a private-equity carrot-and-stick. This is a multi-year industrial expansion, not a cycle. Core primes anchored; tier-2 drone and munitions names sized for asymmetry.
Multi-Year Tailwind
🤖
AI Infrastructure — The Trade That Rhymes With the Railroad
$600B of Big Tech capex in 2026. Utilities pledged $1.4 trillion in grid spend to power the data centers. TSMC just raised its AI revenue guide again. We own the full stack: compute, networking, data platforms, and the security that sits on top.
Secular Growth
🔐
Cybersecurity — Core, Not Satellite
The market is $248B growing to $700B+ by 2034. Nation-state attacks are accelerating, deepfake incidents are up 300%, and every AI deployment needs zero-trust protection. We elevated this sleeve to core in Q1 and are not trimming.
Recession-Resilient
💰
Financials — The Earnings Beat Everyone Missed
JPM, Goldman, Morgan Stanley, BofA — all four beat. Morgan Stanley just posted the first $20B revenue quarter in its history. Higher rates are structural, trading desks are printing, and the insurance cycle is still running hot. We went from neutral to overweight in March.
Earnings Tailwind
🥇
Gold — The Hedge That Is Making Money
Central banks bought 1,100 tonnes in 2025. Goldman targets $5,800, JPM $5,500, UBS $6,000. We hold 12% across the book — bullion ETFs plus a miner sleeve. Peace headlines move it ten bucks; that is noise, not signal.
Hold 12%
📱
Magnificent 7 — Benchmark, Not Theme
Every portfolio holds all seven. Not owning them is active risk. We size them to benchmark weight and let the satellite theses do the work. NASDAQ just printed an all-time high. The debate is over.
Benchmark Weight
⚛️
Quantum — The 2030 Lottery Ticket
A small speculative sleeve. Best-in-class hardware with real enterprise contracts. Sized tiny across tiers — this is asymmetric optionality on next-generation compute, not a core bet. Most clients don't notice it in the statement; that's intentional.
Small · Asymmetric
03 — What the Journal Is Telling Us
The tape is confirming the thesis.
We read the Wall Street Journal every morning before markets open. These are the front-page items that moved the book this week — each one mapped to a position we already owned.
Week of April 13–17, 2026 — Front-Page Confirmations
Every theme got a Journal-level catalyst
"Private Equity Meets the Pentagon"Feinberg tours contractors pitching the $1.5T defense budget with PE turnaround tactics. Defense thesis: confirmed.
"Trading Lifts Bank Earnings"Morgan Stanley prints first-ever $20B+ quarter. BofA, JPM, GS all beat. Financials thesis: confirmed.
"Utilities Set to Spend Big to Power AI"$1.4 trillion in grid spend over five years. Directly benefits the data-center sleeve.
"Iran Blockade Expands Globally"Shadow-fleet interdiction goes worldwide. WTI +$3.40 in a session. Energy overweight: working.
"In This War, Chokepoints Beat Tariffs"Physical leverage is durable in a way trade policy is not. Vindicates defense and energy.
"ASML Raises FY2026 Guidance"€36-40B on surging AI chip demand. Memory is 51% of mix. AI infra thesis: confirmed.
"Anthropic Picks CrowdStrike, Palo Alto"Project Glasswing names our two largest cyber positions. Cyber thesis: confirmed at the board level.
"Markets Keep Rising Despite War"S&P and NASDAQ fresh records through the noise. Proof the positioning is right.
Private Client Access
Want the full model, position by position?
Holdings, weights, entry levels, and rebalance triggers are shared privately with Capital Wealth clients. Book a 15-minute Q2 review and we will walk you through the model your portfolio is benchmarked to.
These are the exact positions, weights, and YTD contributions for each Capital Wealth model. Private-client access — use the passcode shared in your latest review.
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Incorrect code
How to read the Aggressive tiers — two books, one posture
Tactical (Tier A) — where the calls land
~30 positions sourced from the daily and weekly editions. When a Capital Wealth edition names an add or a trim, this is the book that moves — the watchlist cascade lands here first. Higher turnover by design; it is the current view, expressed.
Fundamentals (Tier B) — the core that holds still
~75 positions selected on fundamentals-grounded earnings, balance-sheet and secular-thesis analysis. It moves on mandate, not on headlines — an edition call does not automatically reach it. Low turnover; it is the ballast.
Used together they are a core-satellite pair: Fundamentals as the anchor, Tactical as the expression of what the research desk is saying right now — and the Sleeves further down are single-theme blocks (AI, energy, defense, dividends…) that bolt onto either inside a proposal.
Capital Wealth Aggressive Growth · $50K · Tactical (Tier I-A)
Tactical conviction book — 31 positions sourced from daily market commentary. Built around current events: earnings surprises, geopolitical shifts, sector rotations, M&A news. Each name has a 2-sentence thesis you can articulate from this week's headlines. Position-count target 25–35 per the house concentration rule's diversification sweet spot. Portal-synced via slug aggressive_50k_concentrated. Includes 3% bond sleeve (SGOV / IEF 1.5% each; TIP retired to SGOV Sep 1 2026). Methodology distinction: Tactical Conviction picks come from daily news; for fundamentals-driven companions see Tier I-B Fundamentals Core. Performance (current weights, Sep 21 close): YTD +28.0% · 1-yr +32.4% · annualized since inception (2.5 yrs) +39.8%.
#
Ticker
Company
Weight
Sector
Theme
Notes
#
Ticker
Company
Weight
Sector
Theme
Notes
1
NVDA
NVIDIA
3.25%
Tech / AI
AI / Mag7
Core compute leader
2
MSFT
Microsoft
3.25%
Tech / AI
AI / Mag7
Azure + Copilot stack
3
MRVL
Marvell Technology
2%
Tech / Semis
AI / Custom Silicon
Custom AI silicon — Huang's “next trillion-dollar company” (WSJ Jun 3); memory-rally leader (WSJ Jul 10)
4
AAPL
Apple
3.75%
Tech / Mag7
Mag7
Cash machine + on-device AI
5
GOOGL
Alphabet
3.75%
Tech / Mag7
Mag7
Gemini + Search + YouTube
6
AMZN
Amazon
3.25%
Tech / Mag7
Mag7
AWS + retail compounder
6
META
Meta
3.25%
Tech / Mag7
Mag7
Ad engine + AI infra spend
7
TSLA
Tesla
3.00%
Tech / Mag7
Mag7
FSD / robotaxi optionality
8
AVGO
Broadcom
3.25%
AI Semis
AI infra
Custom silicon + networking
9
ORCL
Oracle
3.50%
AI Cloud
AI cloud
OCI capacity sold out
10
CRWD
CrowdStrike
3.50%
Cyber
AI cyber
Zero-trust platform leader
11
BRK.B
Berkshire Hathaway
4.00%
Quality / Conglom
Quality
Cash-rich quality compounder
12
JPM
JPMorgan
2.00%
Banks
Banks
NIM expansion + best-in-class
13
COST
Costco
3.00%
Staples
Quality / Staples
Membership compounder
14
LLY
Eli Lilly
3.25%
Pharma
Healthcare / GLP-1
GLP-1 franchise + Alzheimer
15
PLTR
Palantir
4.50%
Defense / AI
Defense / AI
AIP / Gotham wartime ramp
16
LMT
Lockheed Martin
3.50%
Defense
Defense
Defense prime + missile mix
17
GEV
GE Vernova
4.00%
Power
Power / DC
Grid + nuclear + gas turbines
18
VRT
Vertiv
3.50%
DC Infra
Power / DC
Data-center cooling + power
19
XOM
ExxonMobil
3.50%
Energy
Energy
Integrated major + Permian
20
CVX
Chevron
3.50%
Energy
Energy
Integrated major + dividend
21
LNG
Cheniere Energy
3.50%
Energy / LNG
Energy / LNG
U.S. LNG export pure-play
22
IAU
iShares Gold
3.00%
Gold
Real Assets / Gold
Gold bullion ETF hedge
23
ASML
ASML Holding NV
3.00%
International / Developed
Intl — Netherlands (semis)
EUV lithography monopoly
24
NVO
Novo Nordisk A/S
3.00%
International / Developed
Intl — Denmark (healthcare)
GLP-1 co-leader (Ozempic)
25
EWY
iShares MSCI Korea ETF
2.50%
International / EM
Intl — Korea (Samsung proxy)
Samsung-heavy Korea proxy
26
TSM
Taiwan Semiconductor
2.25%
AI Semis
Intl — Taiwan (semis)
Foundry leader; AI supply chokehold
27
CPNG
Coupang
2.50%
International / EM
Intl — Korea (e-commerce)
Korean e-commerce compounder
+
SGOV
iShares 0-3M Treasury ETF
1.50%
Fixed Income
Bonds
Sep 1 — TIP retired to T-bills: SGOV +2.4% YTD vs TIP +0.3%; the reserve carries no price risk while the Fed holds or hikes
Settlement / rebalancing reserve per the house concentration rule
29
NEE
NextEra Energy
1.00%
Power
Power / DC
NEW May 19 — Dominion buyout creates East-Coast AI-power leader
30
AZN
AstraZeneca
0.50%
Pharma
Healthcare
NEW May 19 — Hypertension approval; pharma diversification
31
MU
Micron Technology
1.50%
AI Semis / Memory
AI infra
NEW Jun 27 — blowout May quarter, ~80% margins; memory is the picks-and-shovels of AI
32
GS
Goldman Sachs
1.00%
Banks
Banks
NEW Jun 27 — passed stress test, raised dividend; capital-return cycle
33
MS
Morgan Stanley
1.00%
Banks
Banks
NEW Jun 27 — aced stress test, $20B buyback
34
ABBV
AbbVie
0.75%
Pharma
Healthcare
NEW Jun 27 — $10.9B Apogee deal restocks immunology pipeline
TOTAL
31 positions + cash
99.50%
the house concentration rule sweet spot — 25–30 names
Note on Tier I-A — Tactical Conviction: 31 equity names + 2 bond ETFs (SGOV / IEF 1.5% each = 3% sleeve; TIP retired to SGOV Sep 1 2026) + 0.5% SGOV settlement buffer. Diversification benefit plateaus at 25–30 names per Statman's concentration rule; beyond that you pay friction for marginal risk reduction. Hold a separate liquidity reserve outside this model for drawdown cash needs.
Acceptable: Traditional IRA / 401(k) — tax-deferred with ordinary-income withdrawal
Avoid for high-bracket: Taxable brokerage — turnover at the 0.75% rebalance band creates short-term gains
Effective Theme Exposure
AI / Mag729.5%
AI Infrastructure11.5%
Quality / Financials15.0%
Defense8.0%
Power & Data-Center Infra7.5%
Energy10.5%
Real Assets / Gold3.0%
International (5 names: ASML, NVO, EWY, TSM, CPNG)13.25%
Cash buffer (SGOV settlement reserve)0.5%
Total99.5%
Capital Wealth Aggressive Growth · $100K · Tactical (Tier II-A)
Tactical conviction book — 31 positions sourced from daily market commentary. Built around current events: earnings surprises, geopolitical shifts, sector rotations, M&A news. Each name has a 2-sentence thesis you can articulate from this week's headlines. Position-count target 25–35 per the house concentration rule's diversification sweet spot. Portal-synced via slug aggressive_100k_concentrated. Includes 3% bond sleeve (SGOV / IEF 1.5% each; TIP retired to SGOV Sep 1 2026). Methodology distinction: Tactical Conviction picks come from daily news; for fundamentals-driven companions see Tier II-B Fundamentals Core. Performance (current weights, Sep 21 close): YTD +28.0% · 1-yr +32.4% · annualized since inception (2.5 yrs) +39.8%.Post-election destination — base case. This is the book the Midterm Election Dividend reserve rotates into after November 3 on the base path, held through the fall rather than traded around (see Defense Wins The Fall and the September Letter). It is the beta vehicle by design. Measured May 1 2024 – Sep 4 2026, monthly, against the S&P 500 Total Return: annualized +44.52% · standard deviation 15.35% · Sharpe 2.22 · Sortino 3.25 · maximum drawdown −21.50% · benchmark correlation 0.89. That drawdown is the price of admission to the twelve months after a midterm vote, which have been positive nineteen times out of nineteen since 1950. Past performance does not guarantee future results.
Year-to-Date
+28.0%
1-Month
+1.9%
Last Reweight
June 8, 2026
Positions
27 + cash
#
Ticker
Company
Weight
Sector
Theme
Notes
#
Ticker
Company
Weight
Sector
Theme
Notes
1
NVDA
NVIDIA
3.25%
Tech / AI
AI / Mag7
Core compute leader
2
MSFT
Microsoft
3.25%
Tech / AI
AI / Mag7
Azure + Copilot stack
3
MRVL
Marvell Technology
2%
Tech / Semis
AI / Custom Silicon
Custom AI silicon — Huang's “next trillion-dollar company” (WSJ Jun 3); memory-rally leader (WSJ Jul 10)
4
AAPL
Apple
3.75%
Tech / Mag7
Mag7
Cash machine + on-device AI
5
GOOGL
Alphabet
3.75%
Tech / Mag7
Mag7
Gemini + Search + YouTube
6
AMZN
Amazon
3.25%
Tech / Mag7
Mag7
AWS + retail compounder
6
META
Meta
3.25%
Tech / Mag7
Mag7
Ad engine + AI infra spend
7
TSLA
Tesla
3.00%
Tech / Mag7
Mag7
FSD / robotaxi optionality
8
AVGO
Broadcom
3.25%
AI Semis
AI infra
Custom silicon + networking
9
ORCL
Oracle
3.50%
AI Cloud
AI cloud
OCI capacity sold out
10
CRWD
CrowdStrike
3.50%
Cyber
AI cyber
Zero-trust platform leader
11
BRK.B
Berkshire Hathaway
4.00%
Quality / Conglom
Quality
Cash-rich quality compounder
12
JPM
JPMorgan
2.00%
Banks
Banks
NIM expansion + best-in-class
13
COST
Costco
3.00%
Staples
Quality / Staples
Membership compounder
14
LLY
Eli Lilly
3.25%
Pharma
Healthcare / GLP-1
GLP-1 franchise + Alzheimer
15
PLTR
Palantir
4.50%
Defense / AI
Defense / AI
AIP / Gotham wartime ramp
16
LMT
Lockheed Martin
3.50%
Defense
Defense
Defense prime + missile mix
17
GEV
GE Vernova
4.00%
Power
Power / DC
Grid + nuclear + gas turbines
18
VRT
Vertiv
3.50%
DC Infra
Power / DC
Data-center cooling + power
19
XOM
ExxonMobil
3.50%
Energy
Energy
Integrated major + Permian
20
CVX
Chevron
3.50%
Energy
Energy
Integrated major + dividend
21
LNG
Cheniere Energy
3.50%
Energy / LNG
Energy / LNG
U.S. LNG export pure-play
22
IAU
iShares Gold
3.00%
Gold
Real Assets / Gold
Gold bullion ETF hedge
23
ASML
ASML Holding NV
3.00%
International / Developed
Intl — Netherlands (semis)
EUV lithography monopoly
24
NVO
Novo Nordisk A/S
3.00%
International / Developed
Intl — Denmark (healthcare)
GLP-1 co-leader (Ozempic)
25
EWY
iShares MSCI Korea ETF
2.50%
International / EM
Intl — Korea (Samsung proxy)
Samsung-heavy Korea proxy
26
TSM
Taiwan Semiconductor
2.25%
AI Semis
Intl — Taiwan (semis)
Foundry leader; AI supply chokehold
27
CPNG
Coupang
2.50%
International / EM
Intl — Korea (e-commerce)
Korean e-commerce compounder
+
SGOV
iShares 0-3M Treasury ETF
1.50%
Fixed Income
Bonds
Sep 1 — TIP retired to T-bills: SGOV +2.4% YTD vs TIP +0.3%; the reserve carries no price risk while the Fed holds or hikes
Settlement / rebalancing reserve per the house concentration rule
29
NEE
NextEra Energy
1.00%
Power
Power / DC
NEW May 19 — Dominion buyout creates East-Coast AI-power leader
30
AZN
AstraZeneca
0.50%
Pharma
Healthcare
NEW May 19 — Hypertension approval; pharma diversification
31
MU
Micron Technology
1.50%
AI Semis / Memory
AI infra
NEW Jun 27 — blowout May quarter, ~80% margins; memory is the picks-and-shovels of AI
32
GS
Goldman Sachs
1.00%
Banks
Banks
NEW Jun 27 — passed stress test, raised dividend; capital-return cycle
33
MS
Morgan Stanley
1.00%
Banks
Banks
NEW Jun 27 — aced stress test, $20B buyback
34
ABBV
AbbVie
0.75%
Pharma
Healthcare
NEW Jun 27 — $10.9B Apogee deal restocks immunology pipeline
TOTAL
31 positions + cash
99.50%
the house concentration rule sweet spot — 25–30 names
Note on Tier II-A — Tactical Conviction ($100K): 31 equity names + 2 bond ETFs (SGOV / IEF 1.5% each = 3% sleeve; TIP retired to SGOV Sep 1 2026) + 0.5% SGOV settlement buffer. Mirrors the Tier I-A roster and weights at the $100K AUM tier — same Statman's concentration rule sweet spot. Hold a separate liquidity reserve outside this model for drawdown cash needs.
Acceptable: Traditional IRA / 401(k) — tax-deferred with ordinary-income withdrawal
Avoid for high-bracket: Taxable brokerage — turnover at the 0.75% rebalance band creates short-term gains
Effective Theme Exposure
AI / Mag729.5%
AI Infrastructure11.5%
Quality / Financials15.0%
Defense8.0%
Power & Data-Center Infra7.5%
Energy10.5%
Real Assets / Gold3.0%
International (5 names: ASML, NVO, EWY, TSM, CPNG)13.25%
Cash buffer (SGOV settlement reserve)0.5%
Total99.5%
Capital Wealth Aggressive Growth · $250K · Tactical (Tier III-A)
Tactical conviction book — 34 positions sourced from daily market commentary. Built around current events: earnings surprises, geopolitical shifts, sector rotations, M&A news. Each name has a 2-sentence thesis you can articulate from this week's headlines. Position-count target 25–35 per the house concentration rule's diversification sweet spot. Portal-synced via slug aggressive_250k_concentrated. Includes 3% bond sleeve (SGOV / IEF 1.5% each; TIP retired to SGOV Sep 1 2026). Methodology distinction: Tactical Conviction picks come from daily news; for fundamentals-driven companions see Tier III-B Fundamentals Core. Performance (current weights, Sep 21 close): YTD +28.7% · 1-yr +33.6% · annualized since inception (2.5 yrs) +38.3%.
Year-to-Date
+28.7%
1-Month
+1.7%
Last Reweight
June 8, 2026
Positions
30 + cash
#
Ticker
Company
Weight
Sector
Theme
Notes
#
Ticker
Company
Weight
Sector
Theme
Notes
1
NVDA
NVIDIA
2.75%
Tech / AI
AI / Mag7
Core compute leader
2
MSFT
Microsoft
2.75%
Tech / AI
AI / Mag7
Azure + Copilot stack
3
MRVL
Marvell Technology
2%
Tech / Semis
AI / Custom Silicon
Custom AI silicon — Huang's “next trillion-dollar company” (WSJ Jun 3); memory-rally leader (WSJ Jul 10)
4
AAPL
Apple
3.25%
Tech / Mag7
Mag7
Cash machine + on-device AI
5
GOOGL
Alphabet
3.25%
Tech / Mag7
Mag7
Gemini + Search + YouTube
6
AMZN
Amazon
2.75%
Tech / Mag7
Mag7
AWS + retail compounder
6
META
Meta
2.75%
Tech / Mag7
Mag7
Ad engine + AI infra spend
7
TSLA
Tesla
2.75%
Tech / Mag7
Mag7
FSD / robotaxi optionality
8
AVGO
Broadcom
2.75%
AI Semis
AI infra
Custom silicon + networking
9
ORCL
Oracle
3.00%
AI Cloud
AI cloud
OCI capacity sold out
10
ANET
Arista Networks
3.00%
AI Networking
AI infra
Switching for AI data centers
11
CRWD
CrowdStrike
3.00%
Cyber
AI cyber
Zero-trust platform leader
12
BRK.B
Berkshire Hathaway
3.75%
Quality / Conglom
Quality
Cash-rich quality compounder
13
JPM
JPMorgan
1.75%
Banks
Banks
NIM expansion + best-in-class
14
COST
Costco
3.00%
Staples
Quality / Staples
Membership compounder
15
LLY
Eli Lilly
2.75%
Pharma
Healthcare / GLP-1
GLP-1 franchise + Alzheimer
16
HCA
HCA Healthcare
3.00%
Healthcare
Healthcare / Hospitals
Largest U.S. hospital operator
17
PLTR
Palantir
4.00%
Defense / AI
Defense / AI
AIP / Gotham wartime ramp
18
LMT
Lockheed Martin
3.25%
Defense
Defense
Defense prime + missile mix
19
GEV
GE Vernova
3.50%
Power
Power / DC
Grid + nuclear + gas turbines
20
VRT
Vertiv
3.25%
DC Infra
Power / DC
Data-center cooling + power
21
XOM
ExxonMobil
3.00%
Energy
Energy
Integrated major + Permian
22
CVX
Chevron
3.25%
Energy
Energy
Integrated major + dividend
23
LNG
Cheniere Energy
3.00%
Energy / LNG
Energy / LNG
U.S. LNG export pure-play
24
SLB
Schlumberger
2.75%
Energy Services
Energy
Global oilfield services leader
25
IAU
iShares Gold
2.75%
Gold
Real Assets / Gold
Gold bullion ETF hedge
26
ASML
ASML Holding NV
3.00%
International / Developed
Intl — Netherlands (semis)
EUV lithography monopoly
27
NVO
Novo Nordisk A/S
3.00%
International / Developed
Intl — Denmark (healthcare)
GLP-1 co-leader (Ozempic)
28
EWY
iShares MSCI Korea ETF
2.50%
International / EM
Intl — Korea (Samsung proxy)
Samsung-heavy Korea proxy
29
TSM
Taiwan Semiconductor
2.25%
AI Semis
Intl — Taiwan (semis)
Foundry leader; AI supply chokehold
30
CPNG
Coupang
2.50%
International / EM
Intl — Korea (e-commerce)
Korean e-commerce compounder
+
SGOV
iShares 0-3M Treasury ETF
1.50%
Fixed Income
Bonds
Sep 1 — TIP retired to T-bills: SGOV +2.4% YTD vs TIP +0.3%; the reserve carries no price risk while the Fed holds or hikes
Settlement / rebalancing reserve per the house concentration rule
32
NEE
NextEra Energy
1.00%
Power
Power / DC
NEW May 19 — Dominion buyout creates East-Coast AI-power leader
33
AZN
AstraZeneca
0.50%
Pharma
Healthcare
NEW May 19 — Hypertension approval; pharma diversification
34
MU
Micron Technology
1.50%
AI Semis / Memory
AI infra
NEW Jun 27 — blowout May quarter, ~80% margins; memory is the picks-and-shovels of AI
35
GS
Goldman Sachs
1.00%
Banks
Banks
NEW Jun 27 — passed stress test, raised dividend; capital-return cycle
36
MS
Morgan Stanley
1.00%
Banks
Banks
NEW Jun 27 — aced stress test, $20B buyback
37
ABBV
AbbVie
0.75%
Pharma
Healthcare
NEW Jun 27 — $10.9B Apogee deal restocks immunology pipeline
TOTAL
34 positions + cash
99.50%
the house concentration rule sweet spot — 25–30 names
Note on Tier III-A — Tactical Conviction ($250K): 34 equity names + 2 bond ETFs (SGOV / IEF 1.5% each = 3% sleeve; TIP retired to SGOV Sep 1 2026) + 0.5% SGOV settlement buffer. Extends the Tier I-A roster with three sector-breadth adds (ANET, HCA, SLB) at the upper edge of the the house concentration rule concentrated sweet spot. Hold a separate liquidity reserve outside this model for drawdown cash needs.
Acceptable: Traditional IRA / 401(k) — tax-deferred with ordinary-income withdrawal
Avoid for high-bracket: Taxable brokerage — turnover at the 0.75% rebalance band creates short-term gains
Effective Theme Exposure
AI / Mag725.25%
AI Infrastructure (AVGO, ORCL, ANET, CRWD)11.75%
Quality / Financials13.50%
Defense7.25%
Power & Data-Center Infra6.75%
Healthcare (LLY, HCA)5.75%
Energy (XOM, CVX, LNG, SLB)12.00%
Real Assets / Gold2.75%
International (5 names: ASML, NVO, EWY, TSM, CPNG)13.25%
Cash buffer (SGOV settlement reserve)0.5%
Total99.5%
Capital Wealth Aggressive Growth · $500K · Tactical (Tier IV-A)
Tactical conviction book — 38 positions sourced from daily market commentary. Built around current events: earnings surprises, geopolitical shifts, sector rotations, M&A news. Each name has a 2-sentence thesis you can articulate from this week's headlines. Position-count target 25–35 per the house concentration rule's diversification sweet spot. Portal-synced via slug aggressive_500k_concentrated. Includes 3% bond sleeve (SGOV / IEF 1.5% each; TIP retired to SGOV Sep 1 2026). Methodology distinction: Tactical Conviction picks come from daily news; for fundamentals-driven companions see Tier IV-B Fundamentals Core. Performance (current weights, Sep 21 close): YTD +29.4% · 1-yr +35.4% · annualized since inception (2.5 yrs) +37.9%.
Year-to-Date
+29.4%
1-Month
+1.5%
Last Reweight
June 8, 2026
Positions
35 + cash
#
Ticker
Company
Weight
Sector
Theme
Notes
#
Ticker
Company
Weight
Sector
Theme
Notes
1
NVDA
NVIDIA
2.5%
Tech / AI
AI / Mag7
Core compute leader
2
MSFT
Microsoft
2.5%
Tech / AI
AI / Mag7
Azure + Copilot stack
3
MRVL
Marvell Technology
2%
Tech / Semis
AI / Custom Silicon
Custom AI silicon — Huang's “next trillion-dollar company” (WSJ Jun 3); memory-rally leader (WSJ Jul 10)
4
AAPL
Apple
2.75%
Tech / Mag7
Mag7
Cash machine + on-device AI
5
GOOGL
Alphabet
2.75%
Tech / Mag7
Mag7
Gemini + Search + YouTube
6
AMZN
Amazon
2.50%
Tech / Mag7
Mag7
AWS + retail compounder
6
META
Meta
2.50%
Tech / Mag7
Mag7
Ad engine + AI infra spend
7
TSLA
Tesla
2.25%
Tech / Mag7
Mag7
FSD / robotaxi optionality
8
AVGO
Broadcom
2.25%
AI Semis
AI infra
Custom silicon + networking
9
ORCL
Oracle
2.75%
AI Cloud
AI cloud
OCI capacity sold out
10
ANET
Arista Networks
2.75%
AI Networking
AI infra
Switching for AI data centers
11
CRWD
CrowdStrike
2.75%
Cyber
AI cyber
Zero-trust platform leader
12
BRK.B
Berkshire Hathaway
3.25%
Quality / Conglom
Quality
Cash-rich quality compounder
13
JPM
JPMorgan
1.25%
Banks
Banks
NIM expansion + best-in-class
14
COST
Costco
2.50%
Staples
Quality / Staples
Membership compounder
15
LLY
Eli Lilly
3.25%
Pharma
Healthcare / GLP-1
GLP-1 franchise + Alzheimer
16
HCA
HCA Healthcare
2.75%
Healthcare
Healthcare / Hospitals
Largest U.S. hospital operator
17
PLTR
Palantir
3.50%
Defense / AI
Defense / AI
AIP / Gotham wartime ramp
18
LMT
Lockheed Martin
3.00%
Defense
Defense
Defense prime + missile mix
19
GEV
GE Vernova
3.00%
Power
Power / DC
Grid + nuclear + gas turbines
20
VRT
Vertiv
2.75%
DC Infra
Power / DC
Data-center cooling + power
21
XOM
ExxonMobil
2.75%
Energy
Energy
Integrated major + Permian
22
CVX
Chevron
2.75%
Energy
Energy
Integrated major + dividend
23
LNG
Cheniere Energy
2.75%
Energy / LNG
Energy / LNG
U.S. LNG export pure-play
24
SLB
Schlumberger
2.25%
Energy Services
Energy
Global oilfield services leader
25
IAU
iShares Gold
2.25%
Gold
Real Assets / Gold
Gold bullion ETF hedge
26
NEM
Newmont
2.25%
Materials / Gold
Real Assets / Gold
Largest gold miner; FCF leverage
27
ABBV
AbbVie
2.50%
Pharma
Healthcare
Immunology + neuroscience pipeline
28
DE
Deere
2.25%
Industrials
Industrials / Ag
Precision ag + autonomous
29
V
Visa
2.50%
Payments
Quality / Payments
Payments network duopoly
30
KO
Coca-Cola
2.25%
Staples
Quality / Staples
Defensive global staple
31
ASML
ASML Holding NV
2.50%
International / Developed
Intl — Netherlands (semis)
EUV lithography monopoly
32
NVO
Novo Nordisk A/S
2.50%
International / Developed
Intl — Denmark (healthcare)
GLP-1 co-leader (Ozempic)
33
EWY
iShares MSCI Korea ETF
2.25%
International / EM
Intl — Korea (Samsung proxy)
Samsung-heavy Korea proxy
34
TSM
Taiwan Semiconductor
1.75%
AI Semis
Intl — Taiwan (semis)
Foundry leader; AI supply chokehold
35
CPNG
Coupang
2.00%
International / EM
Intl — Korea (e-commerce)
Korean e-commerce compounder
+
SGOV
iShares 0-3M Treasury ETF
1.50%
Fixed Income
Bonds
Sep 1 — TIP retired to T-bills: SGOV +2.4% YTD vs TIP +0.3%; the reserve carries no price risk while the Fed holds or hikes
Settlement / rebalancing reserve per the house concentration rule
37
NEE
NextEra Energy
1.00%
Power
Power / DC
NEW May 19 — Dominion buyout creates East-Coast AI-power leader
38
AZN
AstraZeneca
0.50%
Pharma
Healthcare
NEW May 19 — Hypertension approval; pharma diversification
39
MU
Micron Technology
1.50%
AI Semis / Memory
AI infra
NEW Jun 27 — blowout May quarter, ~80% margins; memory is the picks-and-shovels of AI
40
GS
Goldman Sachs
1.00%
Banks
Banks
NEW Jun 27 — passed stress test, raised dividend; capital-return cycle
41
MS
Morgan Stanley
1.00%
Banks
Banks
NEW Jun 27 — aced stress test, $20B buyback
TOTAL
38 positions + cash
99.50%
the house concentration rule upper edge — 25–35 names
Note on Tier IV-A — Tactical Conviction ($500K): 38 equity names + 2 bond ETFs (SGOV / IEF 1.5% each = 3% sleeve; TIP retired to SGOV Sep 1 2026) + 0.5% SGOV settlement buffer. Extends Tier III-A with five sector-breadth diversifiers (NEM, ABBV, DE, V, KO) at the upper edge of the the house concentration rule concentrated band. Hold a separate liquidity reserve outside this model for drawdown cash needs.
International (5 names: ASML, NVO, EWY, TSM, CPNG)11%
Cash buffer (SGOV settlement reserve)0.5%
Total99.5%
Capital Wealth Aggressive Growth · $50K · Fundamentals (Tier I-B)
Fundamentals core book — ~75 positions selected via fundamentals-grounded earnings, balance-sheet, and secular-thesis analysis. Tilts toward businesses with durable competitive moats, growing free cash flow, and conservative leverage. Slower-moving conviction than the Tactical book; positions held through news cycles unless fundamentals deteriorate. Portal-synced via slug aggressive_50k. Methodology distinction: Fundamentals Core picks come from earnings analysis; for daily-news tactical companions see Tier I-A Tactical Conviction.
#
Ticker
Company
Weight
Sector
YTD %
Contrib
Notes
#
Ticker
Company
Weight
Sector
YTD %
Contrib
Notes
1
TPL
Texas Pacific Land
3.23%
Energy
+28.2%
+0.92%
2
XOM
ExxonMobil
3.17%
Energy
+34.2%
+1.09%
3
CVX
Chevron
3.66%
Energy
+37.4%
+1.37%
4
LNG
Cheniere Energy
3.66%
Energy
+42.5%
+1.56%
5
WMB
Williams Companies
3.66%
Energy
+21.8%
+0.80%
6
PLTR
Palantir
3.47%
Defense
+3.0%
+0.10%
9
LMT
Lockheed Martin
3.57%
Defense
+12.7%
+0.46%
10
NVDA
NVIDIA
2.78%
AI
+22.2%
+0.62%
11
AVGO
Broadcom
2.78%
AI Semis
+5.4%
+0.15%
12
CRWD
CrowdStrike
3.39%
Cyber
+112.8%
+3.84%
13
ORCL
Oracle
3.39%
AI/Data
−23.1%
−0.79%
16
AAPL
Apple
2.41%
Tech/Mag7
+25.0%
+0.61%
17
MSFT
Microsoft
2.41%
Tech/Mag7
+4.4%
+0.11%
6
MRVL
Marvell Technology
1.48%
Tech / Semis · AI / Custom Silicon
+203.3%
+3.02%
Custom AI silicon — Huang's “next trillion-dollar company” (WSJ Jun 3); memory-rally leader (WSJ Jul 10)
Rev 1 May 12 — 0.5% liquidity buffer per the house concentration rule settlement / rebalancing reserve
+
TSM
Taiwan Semiconductor
3.01%
AI Semis
+47.6%
+1.44%
NEW May 14 — Benard/Feith op-ed; chokehold on AI supply chain
+
AMKR
Amkor Technology
1.81%
AI Semis
+32.8%
+0.60%
NEW May 14 — Advanced packaging buildout in AZ; bottleneck pure-play
+
ARM
Arm Holdings
1.81%
AI Semis
+195.4%
+3.55%
Swap from SFTBY (untradeable OTC ADR) — Nasdaq-listed; SoftBank’s ~90%-owned core, AI compute IP
+
BAC
Bank of America
1.81%
Bank
+7.1%
+0.13%
NEW May 14 — Hike-not-cut Fed; NIM expansion
+
HSBC
HSBC Holdings
1.20%
International / Bank
+36.3%
+0.44%
Swap from ABNRY (untradeable OTC ADR) — NYSE-listed global bank; Asia/Europe rerate
+
NEM
Newmont
1.20%
Materials / Gold
+24.0%
+0.29%
NEW May 14 — Gold breakout to $4,697; politically-pressured Fed lights gold thesis
+
PM
Philip Morris Intl
1.25%
Staples
+18.9%
+0.24%
Family weight · added Aug 3
Note on Tier I — Concentrated: Tier I stays 100% equity by design — this is the highest-conviction concentrated tier. Diversification benefit is captured by 25-30 names per Statman's concentration rule; beyond that you pay friction for marginal risk reduction. Holding a separate liquidity reserve outside this model is the recommended way to handle drawdown cash needs.
Investment Policy Statement
Risk band: Tolerate -25% to -35% peak-to-trough; this is the highest-conviction tier
Time horizon: 10+ years before required withdrawals
Liquidity need: Low — concentrated growth book; pair with separate cash reserve outside the model
Return objective: S&P 500 + 3-4% annualized over 10 years
Rebalancing trigger: When any single sector deviates >5% from target, or any single stock crosses 5% cap
Excluded screens: None — open mandate. Custom values screens available on request
Rev 1 May 12 — 0.5% liquidity buffer per the house concentration rule settlement / rebalancing reserve
39
DE
Deere
1.08%
Industrials
+47.9%
+0.52%
NEW May 13 — Soybean purchase upside; ag-equipment beneficiary
40
ADM
Archer-Daniels-Midland
0.72%
Staples
+48.0%
+0.35%
NEW May 13 — Grain trader; direct soybean purchase beneficiary
41
EBAY
eBay
1.08%
Consumer Discretionary
+25.5%
+0.28%
NEW May 13 — Board rejected $56B GameStop bid; cheap on cash flow
+
TSM
Taiwan Semiconductor
2.70%
AI Semis
+47.6%
+1.29%
NEW May 14 — Benard/Feith op-ed; chokehold on AI supply chain
+
AMKR
Amkor Technology
1.62%
AI Semis
+32.8%
+0.53%
NEW May 14 — Advanced packaging buildout in AZ; bottleneck pure-play
+
ARM
Arm Holdings
1.62%
AI Semis
+195.4%
+3.18%
Swap from SFTBY (untradeable OTC ADR) — Nasdaq-listed; SoftBank’s ~90%-owned core, AI compute IP
+
HSBC
HSBC Holdings
1.62%
International / Bank
+36.3%
+0.59%
Swap from ABNRY (untradeable OTC ADR) — NYSE-listed global bank; Asia/Europe rerate
+
NEM
Newmont
1.35%
Materials / Gold
+24.0%
+0.33%
NEW May 14 — Gold breakout to $4,697; politically-pressured Fed lights gold thesis
+
PM
Philip Morris Intl
1.25%
Tobacco / Defensive
+18.9%
+0.24%
Zyn / IQOS — 41% of 2025 sales now smoke-free (WSJ, Jul 10 2026)
+
RSP
Invesco S&P 500 Equal Weight ETF
1.50%
Index / Equal-Weight
+12.3%
+0.19%
NEW Sep 1 — the concentration offset: S&P 500 Equal Weight +16.3% YTD vs +13.5% cap-weighted while the momentum index is −9% since Jul 1, its worst quarter vs the market in 25 years (WSJ Heard, Sep 1 2026) Funded Sep 4 from the concentration it hedges: META/GOOGL/MSFT/AAPL/AMZN/TSLA −0.25 each.
+
VLO
Valero Energy
1.50%
Energy / Refining
+145.2%
+2.19%
NEW Sep 4 — the book’s first refiner: U.S. refiners above 97% utilization, 128 fewer refineries than 1982, a diesel crack spread above $100 a barrel and a three-to-five-year build for any competitor; a starter weight because the war premium ends (WSJ Markets, Sep 4 2026) Funded Sep 4 within Energy: XOM/CVX/COP/LNG/EPD/EOG/OXY −0.20 each, SLB −0.10.
Capital Wealth Aggressive Growth · $500K · Fundamentals (Tier IV-B)
Fundamentals core book — 68 positions selected via fundamentals-grounded earnings, balance-sheet, and secular-thesis analysis. Tilts toward businesses with durable competitive moats, growing free cash flow, and conservative leverage. Fullest expression: all themes, broadened international (23% — 8 individual ADRs/single-country ETFs plus Taiwan/EFA/Japan/Eurozone satellites), 4.5% bond/cash sleeve (TIP + SGOV + IEF). Position count consolidated from 120 per the house concentration rule best practice. Portal-synced via slug aggressive_500k. Methodology distinction: Fundamentals Core picks come from earnings analysis; for daily-news tactical companions see Tier IV-A Tactical Conviction. Performance (current weights, Sep 21 close): YTD +30.6% · 1-yr +37.1% · annualized since inception (2.5 yrs) +32.0%.
#
Ticker
Company
Weight
Sector
YTD %
Contrib
Notes
1
TPL
Texas Pacific Land
0.66%
Energy
+28.2%
+0.19%
2
XOM
ExxonMobil
0.71%
Energy
+34.2%
+0.24%
3
CVX
Chevron
0.71%
Energy
+37.4%
+0.27%
4
COP
ConocoPhillips
0.71%
Energy
+39.2%
+0.28%
5
LNG
Cheniere Energy
0.71%
Energy
+42.5%
+0.30%
9
EPD
Enterprise Products
0.71%
Energy
+25.6%
+0.18%
10
EOG
EOG Resources
0.71%
Energy
+38.0%
+0.27%
11
OXY
Occidental
0.71%
Energy
+41.2%
+0.29%
12
DVN
Devon Energy
0.71%
Energy
+32.4%
+0.23%
16
FANG
Diamondback
0.71%
Energy
+28.1%
+0.20%
17
SLB
Schlumberger
0.71%
Energy
+37.1%
+0.26%
18
HAL
Halliburton
0.86%
Energy
+19.8%
+0.17%
19
PLTR
Palantir
1.25%
Defense
+3.0%
+0.04%
22
LMT
Lockheed Martin
1.25%
Defense
+12.7%
+0.16%
23
HWM
Howmet Aerospace
1.25%
Defense
+11.1%
+0.14%
24
NOC
Northrop Grumman
1.25%
Defense
−6.5%
−0.08%
25
LHX
L3Harris
1.25%
Defense
−14.8%
−0.19%
26
GD
General Dynamics
1.25%
Defense
+6.5%
+0.08%
27
OSK
Oshkosh Corp
1.25%
Defense
+15.4%
+0.19%
ADD 4/16 — Pentagon named; JLTV/M-ATV builder
28
GE
GE Aerospace
1.25%
Defense
+3.8%
+0.05%
ADD 4/16 — Dual-use engines, $40B+ orderbook
29
RKLB
Rocket Lab
0.87%
Defense
+0.2%
+0.00%
ADD 4/16 — Tier-2 drone/munitions spec
30
RTX
RTX Corp
1.25%
Defense
+7.1%
+0.09%
31
BA
Boeing
2.30%
Defense
−7.4%
−0.17%
32
HII
HII
1.25%
Defense
−17.8%
−0.22%
33
NVDA
NVIDIA
1.09%
AI
+22.2%
+0.24%
34
AVGO
Broadcom
0.65%
AI Semis
+5.4%
+0.04%
35
CRWD
CrowdStrike
0.95%
Cyber
+112.8%
+1.08%
36
PANW
Palo Alto Networks
0.95%
Cyber
+101.8%
+0.97%
37
ANET
Arista Networks
0.95%
AI Infra
+56.8%
+0.54%
38
ORCL
Oracle
0.95%
AI/Data
−23.1%
−0.22%
39
SNOW
Snowflake
0.95%
Data
+54.7%
+0.52%
40
MDB
MongoDB
0.95%
Data
−2.9%
−0.03%
41
CSCO
Cisco
0.95%
AI Net
+46.8%
+0.45%
43
META
Meta
0.40%
AI/Ad
+12.6%
+0.05%
44
GOOGL
Alphabet
0.40%
AI/Cloud
+13.6%
+0.05%
45
MSFT
Microsoft
0.40%
AI/Cloud
+4.4%
+0.02%
6
MRVL
Marvell Technology
1.5%
Tech / Semis · AI / Custom Silicon
+203.3%
+3.07%
Custom AI silicon — Huang's “next trillion-dollar company” (WSJ Jun 3); memory-rally leader (WSJ Jul 10)
Rev 1 May 12 — 0.5% liquidity buffer per the house concentration rule settlement / rebalancing reserve
39
DE
Deere
1.05%
Industrials
+47.9%
+0.51%
NEW May 13 — Soybean purchase upside; ag-equipment beneficiary
40
ADM
Archer-Daniels-Midland
0.70%
Staples
+48.0%
+0.34%
NEW May 13 — Grain trader; direct soybean purchase beneficiary
41
EBAY
eBay
1.05%
Consumer Discretionary
+25.5%
+0.27%
NEW May 13 — Board rejected $56B GameStop bid; cheap on cash flow
+
TSM
Taiwan Semiconductor
2.61%
AI Semis
+47.6%
+1.25%
NEW May 14 — Benard/Feith op-ed; chokehold on AI supply chain
+
AMKR
Amkor Technology
1.74%
AI Semis
+32.8%
+0.57%
NEW May 14 — Advanced packaging buildout in AZ; bottleneck pure-play
+
ARM
Arm Holdings
1.74%
AI Semis
+195.4%
+3.42%
Swap from SFTBY (untradeable OTC ADR) — Nasdaq-listed; SoftBank’s ~90%-owned core, AI compute IP
+
HSBC
HSBC Holdings
1.74%
International / Bank
+36.3%
+0.63%
Swap from ABNRY (untradeable OTC ADR) — NYSE-listed global bank; Asia/Europe rerate
+
NEM
Newmont
1.57%
Materials / Gold
+24.0%
+0.38%
NEW May 14 — Gold breakout to $4,697; politically-pressured Fed lights gold thesis
+
PM
Philip Morris Intl
1.25%
Tobacco / Defensive
+18.9%
+0.24%
Zyn / IQOS — 41% of 2025 sales now smoke-free (WSJ, Jul 10 2026)
+
VGK
Vanguard FTSE Europe ETF
1.50%
International / Diversifier
+9.0%
+0.14%
NEW Aug 22 — Stoxx 600 EPS +18% (+7% ex-energy); ~10% tech weight vs ~40% S&P — the honest AI-concentration offset (WSJ Heard, Aug 22) Funded Sep 4 within International: EFA −0.75, EZU −0.75 (the Europe overlap).
+
RSP
Invesco S&P 500 Equal Weight ETF
1.50%
Index / Equal-Weight
+12.3%
+0.19%
NEW Sep 1 — the concentration offset: S&P 500 Equal Weight +16.3% YTD vs +13.5% cap-weighted while the momentum index is −9% since Jul 1, its worst quarter vs the market in 25 years (WSJ Heard, Sep 1 2026) Funded Sep 4 from the concentration it hedges: META/GOOGL/MSFT/AAPL/AMZN/TSLA −0.25 each.
+
VLO
Valero Energy
1.50%
Energy / Refining
+145.2%
+2.19%
NEW Sep 4 — the book’s first refiner: U.S. refiners above 97% utilization, 128 fewer refineries than 1982, a diesel crack spread above $100 a barrel and a three-to-five-year build for any competitor; a starter weight because the war premium ends (WSJ Markets, Sep 4 2026) Funded Sep 4 within Energy: XOM/CVX/COP/LNG/EPD/EOG/OXY/DVN/FANG/SLB −0.15 each.
Capital Wealth North Star Faith-Based 50 · $50K · Screened Core
The North Star, run through the faith-based screen, at $50K: 34 names over a 10.0% sukuk reserve (SPSK), 1.59% trailing yield. Same sleeves and the same watch list as the North Star; every single stock passes the Musaffa (AAOIFI) screen and is not questionable on Zoya, funds are Shariah ETFs, and the weapons primes, banks, insurers and Treasury bills are out by construction. Reserve held at 10% for the aggressive risk profile. Principal first: how a RILA stands up to the faith test →Performance (current weights, Sep 21 close): YTD +29.4% · 1-yr +37.8%.
#
Ticker
Name
Weight
Sector / Theme
YTD
Contrib
Thesis
1
SPSK
SP Funds Dow Jones Global Sukuk ETF
10.00%
Reserve
−0.9%
−0.10%
Sukuk fund in place of Treasury bills; the reserve of a screened book, held for the same three dates as the North Star’s.
2
SPUS
SP Funds S&P 500 Sharia Industry Exclusions ETF
8.45%
Core
+17.6%
+1.50%
S&P 500 Shariah core; carries MSFT and GOOGL under the index board’s screen, the only way they enter this book.
3
HLAL
Wahed FTSE USA Shariah ETF
3.18%
Core
+21.5%
+0.69%
FTSE USA Shariah core; a second board’s screen beside SPUS.
4
XOM
ExxonMobil
4.24%
Energy
+34.2%
+1.46%
Integrated major; the structural inflation hedge, held at weight, not chased at $101 crude.
5
CVX
Chevron
3.71%
Energy
+37.4%
+1.39%
Integrated major; dividend and buyback machine while Hormuz stays a $16–20 shuttle.
6
EOG
EOG Resources
2.65%
Energy
+38.0%
+1.01%
Low-debt shale producer; the add on the list.
7
TPL
Texas Pacific Land
2.65%
Energy
+28.2%
+0.75%
Permian royalties with no debt; the cleanest oil name on the screen.
8
SLB
SLB (Schlumberger)
1.59%
Energy
+37.1%
+0.59%
Oilfield services; the add on the list.
9
NVDA
NVIDIA
4.77%
AI / Tech
+22.2%
+1.06%
Held at weight, not added to; the spender-versus-supplier question is open.
10
AAPL
Apple
3.71%
AI / Tech
+25.0%
+0.93%
Core position; the iPhone Duo is the first foldable with real share.
11
AVGO
Broadcom
3.18%
AI / Tech
+5.4%
+0.17%
Custom silicon and networking; flat YTD after a 50% 2025.
12
TSM
Taiwan Semiconductor
3.18%
AI / Tech
+47.6%
+1.52%
The foundry everyone above depends on.
13
TSLA
Tesla
2.12%
AI / Tech
−16.6%
−0.35%
Reinforce on the list; passes both screens.
14
CRWD
CrowdStrike
1.85%
AI / Tech
+112.8%
+2.10%
Cyber platform; small after +18% on the week.
15
TXN
Texas Instruments
1.85%
AI / Tech
+58.8%
+1.09%
Analog chips, 2.1% yield; the industrial side of semis.
Liquidity need: Low — a 10% sukuk reserve (SPSK) in place of Treasury bills; the 0.5% settlement buffer is disclosed
Return objective: S&P 500 + 1.5% annualized over 10 years
Rebalancing trigger: Any sleeve more than 4% from target, any single stock over 5%, or a holding’s screen verdict changing
Excluded screens: Musaffa (AAOIFI) and Zoya — no conventional banks or insurers, no interest-bearing bonds, no alcohol / tobacco / pork / gambling / adult content, no weapons primes; debt and interest-income thresholds per AAOIFI
Tax Location Guidance
Best fit: Roth IRA, Roth 403(b), HSA — the screen is portable across account types
Acceptable: Traditional IRA / 401(k), taxable brokerage with the SPUS / HLAL core
Note: The screen is preserved in every account type — no tax-driven trade overrides it; where a platform sweeps cash to interest, hold the buffer as SPSK
Effective Theme Exposure
Sukuk fund (SPSK)10.00%
Core · Shariah ETFs (SPUS / HLAL)11.63%
Energy (XOM / CVX / EOG / TPL / SLB)14.84%
AI / Tech (NVDA / AAPL / AVGO / TSM / TSLA / CRWD / TXN / ARM / MU)23.30%
Power & Infra (GEV / PWR / VRT / CCJ)7.94%
Security & Aerospace (MSI / AME)4.24%
Gold (IAU / AEM)7.42%
Healthcare (LLY / JNJ / AZN / MRK)8.47%
Staples (PG / KO)4.77%
Real Assets (SPRE)1.59%
International (SPWO)3.18%
Industrials (ETN)2.12%
Cash buffer · settlement0.50%
Total100.00%
Capital Wealth Dividend Income · Diversified
Income Focused: Energy Divs 20% | Div Growth 20% | TIPS/Fixed 15% | Gold 15% | Financials 15% | Midstream 15%
Conservative $40K (Yield ~3.8%)
#
Ticker
Company
Weight
Yield
YTD %
Contrib
Sector
Notes
1
XOM
Exxon Mobil
5.24%
2.6%
+34.2%
+1.80%
Energy Div
2
CVX
Chevron
5.24%
3.5%
+37.4%
+1.97%
Energy Div
3
ENB
Enbridge
3.50%
5.9%
+4.9%
+0.17%
Energy Div
4
EPD
Enterprise Products
3.50%
6.4%
+25.6%
+0.90%
Energy Div
5
JNJ
Johnson & Johnson
4.37%
2.2%
+32.3%
+1.42%
Div Growth
6
PG
Procter & Gamble
4.37%
2.9%
+4.2%
+0.18%
Div Growth
7
KO
Coca-Cola
4.37%
2.4%
+27.0%
+1.19%
Div Growth
8
PEP
PepsiCo
4.37%
4.3%
−7.0%
−0.31%
Div Growth
9
VTIP
Vanguard Short-Term TIPS ETF
8.72%
4.2%
+1.2%
+0.10%
TIPS/Fixed
Sep 1 — moved from TIP: same inflation link, a third of the duration (TIP +0.3% vs VTIP +1.8% YTD; the drag was real yields repricing, not the CPI accrual)
10
SGOV
iShares 0-3M Treasury
1.49%
3.7%
+2.6%
+0.04%
TIPS/Fixed
11
IAU
iShares Gold
8.73%
—
+0.6%
+0.05%
Gold
12
GDX
VanEck Gold Miners
4.37%
0.6%
+10.1%
+0.44%
Gold
13
JPM
JPMorgan
4.37%
1.7%
+10.8%
+0.47%
Financials
14
BAC
Bank of America
4.37%
1.9%
+7.1%
+0.31%
Financials
15
ALL
Allstate
4.37%
1.7%
+18.4%
+0.81%
Financials
16
ET
Energy Transfer
4.37%
6.4%
+33.6%
+1.47%
Midstream
17
MPLX
MPLX LP
4.37%
7.4%
+17.2%
+0.75%
Midstream
18
KMI
Kinder Morgan
4.37%
3.8%
+18.7%
+0.82%
Midstream
19
SCHD
Schwab US Div ETF
4.37%
3.0%
+25.0%
+1.10%
Div ETF
+
UAL
United Airlines
0.39%
0.0%
+2.3%
+0.01%
Industrials
NEW Apr 25 — Kirby premium-loyalty moat
+
BP
BP plc
0.26%
4.5%
+28.9%
+0.08%
Energy
NEW Apr 25 — Iraq Rumaila asymmetric recovery
+
CCJ
Cameco
0.39%
0.3%
+1.9%
+0.01%
Power/Infra
NEW Apr 25 — Uranium upstream — X-Energy IPO validates
+
URA
Uranium Miners ETF
0.26%
4.6%
+0.6%
+0.00%
Power/Infra
NEW Apr 25 — Diversified uranium ETF
+
XLE
Energy Select SPDR
0.53%
3.4%
+42.5%
+0.23%
Energy
NEW Apr 25 — Macro overlay for +2% Energy lift
+
HSBC
HSBC Holdings
1.33%
—
+36.3%
+0.49%
International / Bank
Swap from ABNRY (untradeable OTC ADR) — NYSE-listed global bank; Asia/Europe rerate; ~6% dividend yield
+
NEM
Newmont
1.07%
0.8%
+24.0%
+0.26%
Materials / Gold
NEW May 14 — Gold breakout to $4,697; income via 2.5% yield
+
MO
Altria Group
1.96%
~6.7%
+24.6%
+0.48%
Tobacco / Defensive
+
PM
Philip Morris Intl
1.72%
~3.1%
+18.9%
+0.33%
Tobacco / Defensive
+
BTI
British American Tobacco
1.23%
~6.0%
+1.3%
+0.02%
Tobacco / Defensive
+
USFR
WisdomTree Floating Rate Treasury
1.50%
3.8%
+2.9%
+0.04%
Income / Rates
NEW Aug 22 — floating coupon resets UP if the Fed hikes; prediction markets price ~30% odds for Sept, 86% odds of zero cuts in 2026 (WSJ Aug 21–22)
Moderate $100K
#
Ticker
Company
Weight
Yield
YTD %
Contrib
Sector
Notes
20
XOM
Exxon Mobil
5.20%
2.5%
+34.2%
+1.79%
Energy Div
21
CVX
Chevron
5.20%
3.3%
+37.4%
+1.95%
Energy Div
22
ENB
Enbridge
3.47%
—
+4.9%
+0.17%
Energy Div
23
EPD
Enterprise Products
3.47%
5.7%
+25.6%
+0.89%
Energy Div
24
JNJ
Johnson & Johnson
3.47%
1.9%
+32.3%
+1.13%
Div Growth
25
PG
Procter & Gamble
3.47%
2.9%
+4.2%
+0.15%
Div Growth
26
KO
Coca-Cola
3.47%
2.4%
+27.0%
+0.94%
Div Growth
27
PEP
PepsiCo
3.47%
4.3%
−7.0%
−0.24%
Div Growth
28
LMT
Lockheed Martin
3.47%
2.5%
+12.7%
+0.44%
Div Growth
29
SCHD
Schwab US Div ETF
6.93%
3.0%
+25.0%
+1.74%
Div ETF
30
JEPI
JPM Equity Premium
4.33%
8.0%
+4.4%
+0.19%
Covered Call
31
VTIP
Vanguard Short-Term TIPS ETF
6.93%
4.2%
+1.2%
+0.08%
TIPS/Fixed
Sep 1 — moved from TIP: same inflation link, a third of the duration (TIP +0.3% vs VTIP +1.8% YTD; the drag was real yields repricing, not the CPI accrual)
32
SGOV
iShares 0-3M Treasury
3.09%
3.7%
+2.6%
+0.08%
TIPS/Fixed
33
IAU
iShares Gold
8.61%
—
+0.6%
+0.05%
Gold
34
GDX
VanEck Gold Miners
4.33%
0.6%
+10.1%
+0.44%
Gold
35
JPM
JPMorgan
4.33%
1.7%
+10.8%
+0.47%
Financials
36
BAC
Bank of America
4.33%
1.9%
+7.1%
+0.31%
Financials
37
ALL
Allstate
4.33%
1.7%
+18.4%
+0.80%
Financials
38
ET
Energy Transfer
3.47%
6.4%
+33.6%
+1.17%
Midstream
39
MPLX
MPLX LP
3.47%
7.4%
+17.2%
+0.60%
Midstream
40
KMI
Kinder Morgan
2.60%
3.8%
+18.7%
+0.49%
Midstream
41
WMB
Williams Companies
3.47%
2.9%
+21.8%
+0.76%
Midstream
+
MO
Altria Group
1.69%
~6.7%
+24.6%
+0.42%
Tobacco / Defensive
+
PM
Philip Morris Intl
1.69%
~3.1%
+18.9%
+0.32%
Tobacco / Defensive
+
BTI
British American Tobacco
1.21%
~6.0%
+1.3%
+0.02%
Tobacco / Defensive
Aggressive $100K
#
Ticker
Company
Weight
Yield
YTD %
Contrib
Sector
Notes
42
XOM
Exxon Mobil
5.79%
2.5%
+34.2%
+1.99%
Energy Div
43
CVX
Chevron
5.79%
3.3%
+37.4%
+2.17%
Energy Div
44
LNG
Cheniere Energy
2.48%
0.8%
+42.5%
+1.06%
Energy Div
45
ENB
Enbridge
2.48%
—
+4.9%
+0.12%
Energy Div
46
LMT
Lockheed Martin
4.14%
2.5%
+12.7%
+0.53%
Div Growth
47
RTX
RTX Corp
3.31%
1.4%
+7.1%
+0.24%
Div Growth
48
JNJ
Johnson & Johnson
2.48%
1.9%
+32.3%
+0.81%
Div Growth
49
PG
Procter & Gamble
2.48%
2.9%
+4.2%
+0.10%
Div Growth
50
AVGO
Broadcom
4.14%
0.8%
+5.4%
+0.22%
Div Growth
51
SCHD
Schwab US Div ETF
4.97%
3.0%
+25.0%
+1.25%
Div ETF
52
JEPI
JPM Equity Premium
4.14%
8.0%
+4.4%
+0.18%
Covered Call
53
JEPQ
JPM Nasdaq Premium
3.31%
10.8%
+13.7%
+0.46%
Covered Call
54
VTIP
Vanguard Short-Term TIPS ETF
4.97%
4.2%
+1.2%
+0.06%
TIPS/Fixed
Sep 1 — moved from TIP: same inflation link, a third of the duration (TIP +0.3% vs VTIP +1.8% YTD; the drag was real yields repricing, not the CPI accrual)
55
SGOV
iShares 0-3M Treasury
0.41%
3.7%
+2.6%
+0.01%
TIPS/Fixed
56
IAU
iShares Gold
7.46%
—
+0.6%
+0.05%
Gold
57
GDX
VanEck Gold Miners
4.97%
0.6%
+10.1%
+0.50%
Gold
58
JPM
JPMorgan
3.31%
1.7%
+10.8%
+0.36%
Financials
59
GS
Goldman Sachs
3.31%
1.8%
+10.7%
+0.36%
Financials
60
ALL
Allstate
3.31%
1.7%
+18.4%
+0.61%
Financials
61
BAC
Bank of America
2.48%
1.9%
+7.1%
+0.18%
Financials
62
ET
Energy Transfer
2.48%
6.4%
+33.6%
+0.84%
Midstream
63
MPLX
MPLX LP
2.48%
7.4%
+17.2%
+0.43%
Midstream
64
WMB
Williams Companies
2.48%
2.9%
+21.8%
+0.54%
Midstream
65
KMI
Kinder Morgan
2.48%
3.8%
+18.7%
+0.47%
Midstream
66
HAL
Halliburton
1.66%
2.0%
+19.8%
+0.33%
Energy
67
SLB
Schlumberger
1.66%
2.2%
+37.1%
+0.62%
Energy
68
BA
Boeing
2.07%
0.0%
−7.4%
−0.15%
Defense/Aero
69
TXN
Texas Instruments
1.49%
2.2%
+58.8%
+0.88%
Semis
38
BF.B
Brown-Forman
1.24%
3.5%
+3.0%
+0.04%
Staples
NEW May 13 — Rejected $15B Sazerac; Dividend Aristocrat at clearance
40
EBAY
eBay
0.82%
1.1%
+25.5%
+0.21%
Consumer Discretionary
NEW May 13 — Board defended franchise; sticky FCF
+
PM
Philip Morris Intl
1.96%
~3.1%
+18.9%
+0.37%
Tobacco / Defensive
+
MO
Altria Group
1.72%
~6.7%
+24.6%
+0.43%
Tobacco / Defensive
+
BTI
British American Tobacco
1.23%
~6.0%
+1.3%
+0.02%
Tobacco / Defensive
+ 69 more positions in this model
Top 5 holdings shown above. Become a Capital Wealth client to see every position, sector weight, and contribution.
Thesis — Diversified high-conviction income book.Jul 11: tobacco sleeve added (MO / PM) across the dividend books — the evidence: Jeremy Siegel’s study of the original 1957 S&P 500 found Philip Morris the single best performer through 2003 (+19.75%/yr vs +10.85%); high-yield staples with pricing power belong in an income mandate. 81 positions across dividend leaders, REITs, MLPs, and high-yield bonds. Built for clients prioritizing reliable income with measured equity participation. the house concentration rule sweet spot of 25–30 names is intentionally exceeded here because income diversification reduces single-issuer dividend-cut risk.
Investment Policy Statement
Risk band: Tolerate −15% peak-to-trough drawdown
Time horizon: 5+ years
Liquidity need: 4% income distributions; 0.5% SGOV buffer
Return objective: 5% income + 4% capital appreciation
Rebalancing trigger: ±0.5% deviation
Excluded screens: None — open mandate
Tax Location Guidance
Best fit: Roth IRA / Traditional IRA — shelters MLP / REIT ordinary income distributions
Acceptable: Taxable brokerage at the qualified-dividend rate (15-20%)
Avoid for high-bracket: High-tax-state taxable — MLPs and REITs throw off ordinary-income drag
Effective Theme Exposure
Dividend Aristocrats30%
REITs / Real Assets15%
Energy Midstream / MLPs12%
Healthcare Dividend10%
Financials / Insurance12%
Utilities8%
High-Yield Bonds7%
Preferred Stock5%
Cash buffer (SGOV settlement reserve)0.5%
Total99.5%
Capital Wealth AI & Compute Sleeve · Satellite
A composable satellite sleeve — the eight highest-conviction positions of the AI & Compute book, reweighted to stand alone. Sleeves are building blocks, not standalone plans: bolt one onto a core book inside a proposal to tilt a client toward a single theme without rebuilding the whole allocation. Derived mechanically from the parent book (top 8 by weight, renormalized) — the positions and theses are the house calls already published there. Portal-synced via slug sleeve_ai.
#
Ticker
Name
Weight
Sector / Theme
YTD
Contrib
Thesis
1
NVDA
NVIDIA
18.97%
AI
+22.2%
+4.23%
AI accelerator standard
2
AVGO
Broadcom
14.21%
AI Semis
+5.4%
+0.77%
Custom AI silicon + networking
3
MSFT
Microsoft
11.84%
Tech/Mag7
+4.4%
+0.52%
Azure + Copilot
4
GOOGL
Alphabet
11.84%
Tech/Mag7
+13.6%
+1.62%
TPUs + Gemini
5
TSM
Taiwan Semiconductor
11.84%
AI Semis
+47.6%
+5.67%
Foundry to the whole stack
6
MU
Micron Technology
11.84%
AI Semis / Memory
+266.0%
+31.65%
HBM/DRAM supercycle
7
ASML
ASML Holding NV
9.48%
International / Developed
+60.7%
+5.79%
EUV monopoly
8
ANET
Arista Networks
9.48%
AI Infra
+56.8%
+5.41%
Datacenter networking
Capital Wealth Energy & Oil Sleeve · Satellite
A composable satellite sleeve — the eight highest-conviction positions of the Energy sector book, reweighted to stand alone. Sleeves are building blocks, not standalone plans: bolt one onto a core book inside a proposal to tilt a client toward a single theme without rebuilding the whole allocation. Derived mechanically from the parent book (top 8 by weight, renormalized) — the positions and theses are the house calls already published there. Portal-synced via slug sleeve_energy.
A composable satellite sleeve — the eight highest-conviction positions of the Defense sector book, reweighted to stand alone. Sleeves are building blocks, not standalone plans: bolt one onto a core book inside a proposal to tilt a client toward a single theme without rebuilding the whole allocation. Derived mechanically from the parent book (top 8 by weight, renormalized) — the positions and theses are the house calls already published there. Portal-synced via slug sleeve_defense.
#
Ticker
Name
Weight
Sector / Theme
YTD
Contrib
Thesis
1
LMT
Lockheed Martin
16.30%
Defense
+12.7%
+2.08%
Prime — missiles, F-35, hypersonics
2
RTX
RTX Corp
14.47%
Defense
+7.1%
+1.03%
Prime — missiles + engines + radar
3
NOC
Northrop Grumman
14.47%
Defense
−6.5%
−0.95%
B-21, space, missile defense
4
GD
General Dynamics
12.66%
Defense
+6.5%
+0.83%
Subs, combat systems, Gulfstream
5
LHX
L3Harris
10.85%
Defense
−14.8%
−1.62%
Comms, ISR, munitions
6
HWM
Howmet Aerospace
10.85%
Aerospace
+11.1%
+1.21%
Engine + airframe structures
7
PLTR
Palantir
10.85%
Defense/AI
+3.0%
+0.33%
AIP / Gotham — the software layer
8
HII
Huntington Ingalls
9.05%
Defense
−17.8%
−1.62%
Sole builder of US carriers
Capital Wealth Dividend Sleeve · Satellite
A composable satellite sleeve — the eight highest-conviction positions of the Dividends 50 book, reweighted to stand alone. Sleeves are building blocks, not standalone plans: bolt one onto a core book inside a proposal to tilt a client toward a single theme without rebuilding the whole allocation. Derived mechanically from the parent book (top 8 by weight, renormalized) — the positions and theses are the house calls already published there. Portal-synced via slug sleeve_dividend.
#
Ticker
Name
Weight
Sector / Theme
YTD
Contrib
Thesis
1
SCHD
Schwab US Dividend Equity ETF
19.71%
Dividend Equity
+25.0%
+4.94%
Quality dividend core ETF
2
SGOV
iShares 0-3M Treasury ETF
14.08%
Cash
+2.6%
+0.37%
T-bill cash buffer
3
DGRO
iShares Core Dividend Growth ETF
13.14%
Dividend Growth
+12.6%
+1.67%
Dividend growth ETF
4
JEPI
JPMorgan Equity Premium Income ETF
13.14%
Covered Call
+4.4%
+0.59%
Covered-call monthly income
5
MAIN
Main Street Capital
11.26%
BDC
−1.2%
−0.13%
BDC monthly dividend
6
VYM
Vanguard High Dividend Yield ETF
9.39%
Dividend Equity
+13.1%
+1.23%
High-yield dividend ETF
7
O
Realty Income
9.39%
REIT
+4.0%
+0.38%
Monthly-pay net-lease REIT
8
ENB
Enbridge
9.39%
Midstream
+4.9%
+0.46%
Midstream high yield
Capital Wealth Gold & Power Sleeve · Satellite
A composable satellite sleeve — the gold-and-power layer of the Hard Assets book: bullion ballast (IAU, NEM) plus the grid, nuclear and datacenter-power complex (GEV, CEG, VST), reweighted to stand alone. Derived mechanically: every Hard Assets position whose theme is gold, materials or power — the energy and defense layers are deliberately excluded because they live in their own sleeves, so this composes with them instead of doubling positions. Portal-synced via slug sleeve_gold_power.
#
Ticker
Name
Weight
Sector / Theme
YTD
Contrib
Thesis
1
GEV
GE Vernova
24.90%
Power
+45.1%
+11.27%
Grid + gas turbines
2
IAU
iShares Gold
21.79%
Gold
+0.6%
+0.14%
Gold bullion
3
NEM
Newmont
18.64%
Materials / Gold
+24.0%
+4.50%
Gold miner leverage
4
CEG
Constellation Energy
18.64%
Power / Nuclear
−25.5%
−4.77%
Nuclear fleet
5
VST
Vistra Energy
15.53%
Power / AI Datacenter
−12.3%
−1.93%
Independent power
Capital Wealth Quantum Sleeve · Satellite
A composable satellite sleeve — the eight highest-conviction positions of the Quantum book, reweighted to stand alone. Sleeves are building blocks, not standalone plans: bolt one onto a core book inside a proposal to tilt a client toward a single theme without rebuilding the whole allocation. Derived mechanically from the parent book (top 8 by weight, renormalized) — the positions and theses are the house calls already published there. Portal-synced via slug sleeve_quantum.
#
Ticker
Name
Weight
Sector / Theme
YTD
Contrib
Thesis
1
IONQ
IonQ
16.15%
Quantum Computing
−9.7%
−1.58%
Trapped-ion leader, enterprise contracts
2
IBM
IBM
14.93%
Quantum / Compute
−20.1%
−3.02%
Quantum System Two + error-correction roadmap
3
QQQM
Invesco NASDAQ-100 ETF (lower-fee class)
14.93%
Tech Tilt
+21.1%
+3.17%
Nasdaq-100 ballast for the speculative sleeve
4
GOOGL
Alphabet
13.68%
Tech/Mag7
+13.6%
+1.87%
Willow chip — error-correction milestone
5
NVDA
NVIDIA
12.44%
AI
+22.2%
+2.78%
CUDA-Q hybrid quantum-classical stack
6
RGTI
Rigetti Computing
9.95%
Quantum Computing
−25.4%
−2.54%
Superconducting gate-model, govt programs
7
QBTS
D-Wave Quantum
8.71%
Quantum Computing
−32.3%
−2.83%
Annealing + gate roadmap, commercial pilots
8
HON
Honeywell (Quantinuum)
8.71%
Quantum / Industrial
+2.3%
+0.20%
Quantinuum — highest-fidelity ion traps
Capital Wealth Dividend Funds Sleeve · Satellite
A composable satellite sleeve of dividend ETFs — quality screens (SCHD, HDV), the aristocrat raisers (NOBL, SDY), dividend growth (DGRO), broad yield (VYM) and a covered-call income pair (JEPI, JEPQ). All-fund construction — every position is a liquid ETF, so the sleeve bolts onto any account without single-stock concentration. Per-position YTD is carried by the baked performance strip rather than the table. Portal-synced via slug sleeve_dividend_funds.
#
Ticker
Name
Weight
Sector / Theme
YTD
Contrib
Thesis
1
SCHD
Schwab US Dividend Equity ETF
24.50%
Dividend · Quality Screen
+25.0%
+6.15%
Quality + yield screen, 100 names, the core dividend-fund holding
Covered-call overlay on defensive equity — monthly income, lower beta
7
JEPQ
JPMorgan Nasdaq Equity Premium Income
6.00%
Income · Covered Call
+13.7%
+0.83%
The Nasdaq version — growth exposure with the income overlay
8
SDY
SPDR S&P Dividend ETF
5.00%
Dividend · Aristocrats
+9.7%
+0.49%
High Yield Dividend Aristocrats, 20+ year raisers
Capital Wealth TIPS Funds Sleeve · Satellite
A composable satellite sleeve of inflation-linked Treasury funds — the broad benchmarks (TIP, SCHP), a short-duration pair that tracks CPI with minimal rate risk (VTIP, STIP), and a long-end position for maximum real-rate conviction (LTPZ). All-fund construction — every position is a liquid ETF, so the sleeve bolts onto any account without single-stock concentration. Per-position YTD is carried by the baked performance strip rather than the table. Portal-synced via slug sleeve_tips_funds.
#
Ticker
Name
Weight
Sector / Theme
YTD
Contrib
Thesis
1
TIP
iShares TIPS Bond ETF
30.00%
Inflation · Broad TIPS
−0.6%
−0.17%
The benchmark TIPS fund — full-curve inflation-linked Treasuries
2
SCHP
Schwab US TIPS ETF
25.00%
Inflation · Broad TIPS
−0.5%
−0.12%
Same full-curve exposure at 3 bp — the low-cost twin
3
VTIP
Vanguard Short-Term TIPS ETF
32.50%
Inflation · Short Duration
+1.2%
+0.39%
0-5yr TIPS — the CPI tracker; Sep 1 2026: absorbs the long-TIPS rung (LTPZ −3.6% YTD) — duration is the risk the house avoids
4
STIP
iShares 0-5 Year TIPS ETF
12.00%
Inflation · Short Duration
+1.2%
+0.14%
Short-duration TIPS, iShares wrapper
Capital Wealth Chips & Supply Chain Sleeve · Satellite
A composable satellite sleeve of the layer AROUND the AI names — the neocloud landlord (CRWV), the equipment triumvirate (AMAT, LRCX, KLAC), advanced packaging (AMKR), custom silicon (MRVL), the IP layer (ARM) and datacenter power (VRT). Deliberately excludes NVDA, TSM, MU and the megacaps because the AI & Compute Sleeve owns them — the two compose without doubling a single position. Seven of eight positions carry theses already published in the house books; CRWV is the requested Aug 29 add. Portal-synced via slug sleeve_chips_supply.
#
Ticker
Name
Weight
Sector / Theme
YTD
Contrib
Thesis
1
CRWV
CoreWeave
16.00%
AI Cloud · Neocloud
+19.3%
+3.10%
The AI-compute landlord — contracted GPU capacity to hyperscalers; the demand signal for every chip below it. Requested add, Aug 29
2
AMAT
Applied Materials
14.00%
Semi Equipment
+81.3%
+11.44%
Broadest WFE exposure to memory and logic capex
3
VRT
Vertiv
13.50%
Datacenter Power
+54.9%
+7.46%
Data-center cooling + power — every GPU cluster ships with a power problem
4
LRCX
Lam Research
13.00%
Semi Equipment
+76.9%
+10.05%
Etch/deposition for 3D NAND + DRAM
5
MRVL
Marvell
12.00%
Custom Silicon
+203.3%
+24.52%
Custom AI silicon and interconnect
6
KLAC
KLA Corp
11.00%
Process Control
+52.0%
+5.75%
Process control for yield — the toll booth of every node shrink
7
ARM
Arm Holdings
10.00%
Semi IP
+195.4%
+19.64%
The IP layer — licensing on nearly every AI and mobile chip designed
8
AMKR
Amkor Technology
10.00%
Advanced Packaging
+32.8%
+3.30%
Advanced packaging buildout in AZ; the bottleneck pure-play
* YTD '26 column: Vanguard tickers from your SB-vs-Orion Q1 2026 fee comparison; non-Vanguard tickers from Yahoo Finance / Morningstar (April 2026). Tickers without recent published YTD data show —. * 1-Year trailing returns from Security Benefit Quarterly Performance Report (period ending early 2026); Orion Index-Beat fund 1-Yr returns from Yahoo Finance / Morningstar (April 2026). YTD and 1-Yr windows are not strictly aligned across all sources. Returns gross of advisor fee. Past performance does not guarantee future results.
Thesis — Passive diversified allocation. Low-cost Vanguard index funds matched to SB Election 1 lineup. For clients prioritizing fee minimization and broad-market exposure within the 403(b) wrapper.
Investment Policy Statement
Risk band: Matches the selected target-date allocation
Time horizon: Matches retirement date
Liquidity need: 403(b) plan rules govern
Return objective: Match benchmark index minus 8 bps fee drag
Rebalancing trigger: Annual auto-rebalance via plan
Excluded screens: Limited to Vanguard SB1 fund universe
Tax Location Guidance
Best fit: Pre-tax 403(b)
Acceptable: Roth 403(b) for high-tax-bracket savers
Not applicable outside 403(b): SB1 fund universe only available inside the plan
Effective Theme Exposure
US Large-Cap (VFIAX)11.94%
US Mid-Cap (VIMAX)1.99%
International Developed (VTMGX)5.97%
Bonds (VBTLX)59.70%
Cash / Money Market (MJGXX)19.90%
Cash buffer (settlement reserve)0.5%
Total100%
Capital Wealth 403(b) Vanguard · Moderate Conservative
* YTD '26 column: Vanguard tickers from your SB-vs-Orion Q1 2026 fee comparison; non-Vanguard tickers from Yahoo Finance / Morningstar (April 2026). Tickers without recent published YTD data show —. * 1-Year trailing returns from Security Benefit Quarterly Performance Report (period ending early 2026); Orion Index-Beat fund 1-Yr returns from Yahoo Finance / Morningstar (April 2026). YTD and 1-Yr windows are not strictly aligned across all sources. Returns gross of advisor fee. Past performance does not guarantee future results.
Thesis — Passive diversified allocation. Low-cost Vanguard index funds matched to SB Election 1 lineup. For clients prioritizing fee minimization and broad-market exposure within the 403(b) wrapper.
Investment Policy Statement
Risk band: Matches the selected target-date allocation
Time horizon: Matches retirement date
Liquidity need: 403(b) plan rules govern
Return objective: Match benchmark index minus 8 bps fee drag
Rebalancing trigger: Annual auto-rebalance via plan
Excluded screens: Limited to Vanguard SB1 fund universe
Tax Location Guidance
Best fit: Pre-tax 403(b)
Acceptable: Roth 403(b) for high-tax-bracket savers
Not applicable outside 403(b): SB1 fund universe only available inside the plan
* YTD '26 column: Vanguard tickers from your SB-vs-Orion Q1 2026 fee comparison; non-Vanguard tickers from Yahoo Finance / Morningstar (April 2026). Tickers without recent published YTD data show —. * 1-Year trailing returns from Security Benefit Quarterly Performance Report (period ending early 2026); Orion Index-Beat fund 1-Yr returns from Yahoo Finance / Morningstar (April 2026). YTD and 1-Yr windows are not strictly aligned across all sources. Returns gross of advisor fee. Past performance does not guarantee future results.
Thesis — Passive diversified allocation. Low-cost Vanguard index funds matched to SB Election 1 lineup. For clients prioritizing fee minimization and broad-market exposure within the 403(b) wrapper.
Investment Policy Statement
Risk band: Matches the selected target-date allocation
Time horizon: Matches retirement date
Liquidity need: 403(b) plan rules govern
Return objective: Match benchmark index minus 8 bps fee drag
Rebalancing trigger: Annual auto-rebalance via plan
Excluded screens: Limited to Vanguard SB1 fund universe
Tax Location Guidance
Best fit: Pre-tax 403(b)
Acceptable: Roth 403(b) for high-tax-bracket savers
Not applicable outside 403(b): SB1 fund universe only available inside the plan
Effective Theme Exposure
US Large-Cap (VFIAX)30.84%
US Mid / Small-Cap (VIMAX + VSMAX)9.95%
International Developed (VTMGX)18.91%
Bonds (VBTLX)33.83%
Cash / Money Market (MJGXX)5.97%
Cash buffer (settlement reserve)0.5%
Total100%
Capital Wealth 403(b) Vanguard · Moderate Aggressive
* YTD '26 column: Vanguard tickers from your SB-vs-Orion Q1 2026 fee comparison; non-Vanguard tickers from Yahoo Finance / Morningstar (April 2026). Tickers without recent published YTD data show —. * 1-Year trailing returns from Security Benefit Quarterly Performance Report (period ending early 2026); Orion Index-Beat fund 1-Yr returns from Yahoo Finance / Morningstar (April 2026). YTD and 1-Yr windows are not strictly aligned across all sources. Returns gross of advisor fee. Past performance does not guarantee future results.
Thesis — Passive diversified allocation. Low-cost Vanguard index funds matched to SB Election 1 lineup. For clients prioritizing fee minimization and broad-market exposure within the 403(b) wrapper.
Investment Policy Statement
Risk band: Matches the selected target-date allocation
Time horizon: Matches retirement date
Liquidity need: 403(b) plan rules govern
Return objective: Match benchmark index minus 8 bps fee drag
Rebalancing trigger: Annual auto-rebalance via plan
Excluded screens: Limited to Vanguard SB1 fund universe
Tax Location Guidance
Best fit: Pre-tax 403(b)
Acceptable: Roth 403(b) for high-tax-bracket savers
Not applicable outside 403(b): SB1 fund universe only available inside the plan
* YTD '26 column: Vanguard tickers from your SB-vs-Orion Q1 2026 fee comparison; non-Vanguard tickers from Yahoo Finance / Morningstar (April 2026). Tickers without recent published YTD data show —. * 1-Year trailing returns from Security Benefit Quarterly Performance Report (period ending early 2026); Orion Index-Beat fund 1-Yr returns from Yahoo Finance / Morningstar (April 2026). YTD and 1-Yr windows are not strictly aligned across all sources. Returns gross of advisor fee. Past performance does not guarantee future results.
Thesis — Passive diversified allocation. Low-cost Vanguard index funds matched to SB Election 1 lineup. For clients prioritizing fee minimization and broad-market exposure within the 403(b) wrapper.
Investment Policy Statement
Risk band: Matches the selected target-date allocation
Time horizon: Matches retirement date
Liquidity need: 403(b) plan rules govern
Return objective: Match benchmark index minus 8 bps fee drag
Rebalancing trigger: Annual auto-rebalance via plan
Excluded screens: Limited to Vanguard SB1 fund universe
Tax Location Guidance
Best fit: Pre-tax 403(b)
Acceptable: Roth 403(b) for high-tax-bracket savers
Not applicable outside 403(b): SB1 fund universe only available inside the plan
* YTD '26 column: Vanguard tickers from your SB-vs-Orion Q1 2026 fee comparison; non-Vanguard tickers from Yahoo Finance / Morningstar (April 2026). Tickers without recent published YTD data show —. * 1-Year trailing returns from Security Benefit Quarterly Performance Report (period ending early 2026); Orion Index-Beat fund 1-Yr returns from Yahoo Finance / Morningstar (April 2026). YTD and 1-Yr windows are not strictly aligned across all sources. Returns gross of advisor fee. Past performance does not guarantee future results.
Thesis — Diversified high-conviction book within the CWLG 403(b) custom lineup. Active selection within the available fund universe; tilts toward growth and quality.
Investment Policy Statement
Risk band: Tolerate −22% peak-to-trough
Time horizon: 8+ years
Liquidity need: 403(b) plan rules govern
Return objective: S&P 500 + 1% over 7Y within available fund universe
* YTD '26 column: Vanguard tickers from your SB-vs-Orion Q1 2026 fee comparison; non-Vanguard tickers from Yahoo Finance / Morningstar (April 2026). Tickers without recent published YTD data show —. * 1-Year trailing returns from Security Benefit Quarterly Performance Report (period ending early 2026); Orion Index-Beat fund 1-Yr returns from Yahoo Finance / Morningstar (April 2026). YTD and 1-Yr windows are not strictly aligned across all sources. Returns gross of advisor fee. Past performance does not guarantee future results.
Thesis — Diversified high-conviction book within the CWLG 403(b) custom lineup. Active selection within the available fund universe; tilts toward growth and quality.
Investment Policy Statement
Risk band: Tolerate −22% peak-to-trough
Time horizon: 8+ years
Liquidity need: 403(b) plan rules govern
Return objective: S&P 500 + 1% over 7Y within available fund universe
* YTD '26 column: Vanguard tickers from your SB-vs-Orion Q1 2026 fee comparison; non-Vanguard tickers from Yahoo Finance / Morningstar (April 2026). Tickers without recent published YTD data show —. * 1-Year trailing returns from Security Benefit Quarterly Performance Report (period ending early 2026); Orion Index-Beat fund 1-Yr returns from Yahoo Finance / Morningstar (April 2026). YTD and 1-Yr windows are not strictly aligned across all sources. Returns gross of advisor fee. Past performance does not guarantee future results.
Thesis — Diversified high-conviction book within the CWLG 403(b) custom lineup. Active selection within the available fund universe; tilts toward growth and quality.
Investment Policy Statement
Risk band: Tolerate −22% peak-to-trough
Time horizon: 8+ years
Liquidity need: 403(b) plan rules govern
Return objective: S&P 500 + 1% over 7Y within available fund universe
Excluded screens: Limited to CWLG custom 403(b) lineup
Tax Location Guidance
Best fit: Pre-tax 403(b)
Acceptable: Roth 403(b) preferred for younger clients
Not applicable outside 403(b): CWLG custom lineup only available inside the plan
Effective Theme Exposure
Energy6%
Dividend / Value / Equity Income30%
Real Estate / Utilities10%
Gold / Commodities4%
Healthcare6%
Bonds / Income38%
Cash / Money Market5%
Cash buffer (settlement reserve)0.5%
Total99.5%
Capital Wealth 403(b) Orion · Index-Beat
Orion 403(b) · Low-cost index rebuild of the house themes (AI/Semis, Energy, Defense, Industrials, Materials, Healthcare, Utilities). Gold removed. Single large-cap core sleeve (VFIAX) replaces the VIGAX / VVIAX / VHYAX trio, which together only reassembled the index the sector funds are meant to tilt away from. All-in cost ~0.53% (was ~1.18%). Memory/chip exposure via FSELX (NVDA/AVGO/MU). Performance (current weights, Sep 21 close): YTD +17.8% · 1-yr +24.0% · 5-yr annualized +16.7% · 2022 stress −9.0% vs S&P 500 −18.2%.
* YTD '26 column: Vanguard tickers from your SB-vs-Orion Q1 2026 fee comparison; non-Vanguard tickers from Yahoo Finance / Morningstar (April 2026). Tickers without recent published YTD data show —. * 1-Year trailing returns from Security Benefit Quarterly Performance Report (period ending early 2026); Orion Index-Beat fund 1-Yr returns from Yahoo Finance / Morningstar (April 2026). YTD and 1-Yr windows are not strictly aligned across all sources. Returns gross of advisor fee. Past performance does not guarantee future results.
Thesis — Diversified high-conviction book within the Orion 403(b) lineup. Active selection emphasizing healthcare, defense, and AI infrastructure within Orion’s available funds.
Investment Policy Statement
Risk band: Tolerate −25% peak-to-trough
Time horizon: 10+ years
Liquidity need: 403(b) plan rules govern
Return objective: S&P 500 + 2% over 10Y within Orion universe
Not applicable outside 403(b): Orion fund lineup only available inside the plan
Effective Theme Exposure
Core US Equity (VFIAX)32.5%
Energy (VGELX)13%
AI / Semis (FSELX)12%
Defense (FSDAX)11%
Industrials / Infra (VINAX)9%
Materials / Real Assets (VMIAX)8%
Healthcare (VHCIX)8%
Utilities / Power (VUIAX)6%
Cash buffer (settlement reserve)0.5%
Total100%
Capital Wealth North Star 25 · $25K · Core
The North Star core book at $25K: 26 names over a 15.0% short-Treasury reserve, 1.69% trailing yield. Every position carries an add, reinforce or hold on the current watch list; the reserve is the weight below the waterline that lets the equity book be held through a drawdown. Performance (current weights, Sep 21 close): YTD +21.9% · 1-yr +31.7%.
#
Ticker
Name
Weight
Sector / Theme
YTD
Contrib
Thesis
1
SGOV
iShares 0-3M Treasury ETF
9.00%
Reserve
+2.6%
+0.24%
0–3 month bills. The letter’s reserve: a third at −8%, a third at −12%, a third the week of the vote.
2
USFR
WisdomTree Floating Rate Treasury
5.97%
Reserve
+2.9%
+0.17%
Floating-rate Treasuries reset with the bill rate; most Fed officials see at least one more increase.
3
XLE
Energy Select SPDR
6.10%
Energy
+42.5%
+2.60%
Sector fund carries the sleeve at the small tiers; single majors take over from $50K.
4
XOM
ExxonMobil
4.08%
Energy
+34.2%
+1.40%
Integrated major; the structural inflation hedge, held at weight, not chased at $101 crude.
5
CVX
Chevron
3.05%
Energy
+37.4%
+1.15%
Integrated major; dividend and buyback machine while Hormuz stays a $16–20 shuttle.
6
NVDA
NVIDIA
5.09%
AI / Tech
+22.2%
+1.14%
Held at weight, not added to; the spender-versus-supplier question is open.
7
MSFT
Microsoft
5.09%
AI / Tech
+4.4%
+0.22%
Owned as a spender in the build-out rather than a supplier to it.
8
GOOGL
Alphabet
4.08%
AI / Tech
+13.6%
+0.56%
Search cash flow funds the TPU stack.
9
AAPL
Apple
4.08%
AI / Tech
+25.0%
+1.03%
Core position; the iPhone Duo is the first foldable with real share.
10
META
Meta
3.05%
AI / Tech
+12.6%
+0.39%
Ad engine plus the transaction layer its agents are being wired into.
The North Star core book at $50K: 39 names over a 15.0% short-Treasury reserve, 1.60% trailing yield. Every position carries an add, reinforce or hold on the current watch list; the reserve is the weight below the waterline that lets the equity book be held through a drawdown. Performance (current weights, Sep 21 close): YTD +20.9% · 1-yr +28.3%.
#
Ticker
Name
Weight
Sector / Theme
YTD
Contrib
Thesis
1
SGOV
iShares 0-3M Treasury ETF
8.99%
Reserve
+2.6%
+0.24%
0–3 month bills. The letter’s reserve: a third at −8%, a third at −12%, a third the week of the vote.
2
USFR
WisdomTree Floating Rate Treasury
5.97%
Reserve
+2.9%
+0.17%
Floating-rate Treasuries reset with the bill rate; most Fed officials see at least one more increase.
3
XLE
Energy Select SPDR
2.52%
Energy
+42.5%
+1.08%
Sector fund carries the sleeve at the small tiers; single majors take over from $50K.
4
XOM
ExxonMobil
3.36%
Energy
+34.2%
+1.15%
Integrated major; the structural inflation hedge, held at weight, not chased at $101 crude.
5
CVX
Chevron
2.53%
Energy
+37.4%
+0.95%
Integrated major; dividend and buyback machine while Hormuz stays a $16–20 shuttle.
6
NVDA
NVIDIA
4.21%
AI / Tech
+22.2%
+0.94%
Held at weight, not added to; the spender-versus-supplier question is open.
7
MSFT
Microsoft
4.21%
AI / Tech
+4.4%
+0.19%
Owned as a spender in the build-out rather than a supplier to it.
8
GOOGL
Alphabet
3.36%
AI / Tech
+13.6%
+0.46%
Search cash flow funds the TPU stack.
9
AAPL
Apple
3.36%
AI / Tech
+25.0%
+0.85%
Core position; the iPhone Duo is the first foldable with real share.
10
META
Meta
2.53%
AI / Tech
+12.6%
+0.32%
Ad engine plus the transaction layer its agents are being wired into.
The North Star core book at $100K: 47 names over a 15.0% short-Treasury reserve, 1.63% trailing yield. Every position carries an add, reinforce or hold on the current watch list; the reserve is the weight below the waterline that lets the equity book be held through a drawdown. Performance (current weights, Sep 21 close): YTD +20.5% · 1-yr +27.0%.
#
Ticker
Name
Weight
Sector / Theme
YTD
Contrib
Thesis
1
SGOV
iShares 0-3M Treasury ETF
8.92%
Reserve
+2.6%
+0.23%
0–3 month bills. The letter’s reserve: a third at −8%, a third at −12%, a third the week of the vote.
2
USFR
WisdomTree Floating Rate Treasury
5.97%
Reserve
+2.9%
+0.17%
Floating-rate Treasuries reset with the bill rate; most Fed officials see at least one more increase.
3
XOM
ExxonMobil
2.99%
Energy
+34.2%
+1.03%
Integrated major; the structural inflation hedge, held at weight, not chased at $101 crude.
4
CVX
Chevron
2.99%
Energy
+37.4%
+1.12%
Integrated major; dividend and buyback machine while Hormuz stays a $16–20 shuttle.
5
COP
ConocoPhillips
2.99%
Energy
+39.2%
+1.18%
Lowest-cost independent; the cleanest crude beta on the list.
6
LNG
Cheniere Energy
1.99%
Energy
+42.5%
+0.85%
U.S. LNG exporter while Middle Eastern routes stay under pressure.
7
WMB
Williams Companies
1.49%
Energy
+21.8%
+0.33%
Gas pipelines: fee-based, the power build-out’s fuel line.
8
XLE
Energy Select SPDR
1.49%
Energy
+42.5%
+0.64%
Sector fund carries the sleeve at the small tiers; single majors take over from $50K.
9
NVDA
NVIDIA
3.48%
AI / Tech
+22.2%
+0.78%
Held at weight, not added to; the spender-versus-supplier question is open.
10
MSFT
Microsoft
2.99%
AI / Tech
+4.4%
+0.13%
Owned as a spender in the build-out rather than a supplier to it.
11
GOOGL
Alphabet
2.99%
AI / Tech
+13.6%
+0.41%
Search cash flow funds the TPU stack.
12
META
Meta
2.49%
AI / Tech
+12.6%
+0.31%
Ad engine plus the transaction layer its agents are being wired into.
13
AAPL
Apple
2.49%
AI / Tech
+25.0%
+0.63%
Core position; the iPhone Duo is the first foldable with real share.
14
AVGO
Broadcom
1.99%
AI / Tech
+5.4%
+0.11%
Custom silicon and networking; flat YTD after a 50% 2025.
The North Star core book at $250K: 59 names over a 15.0% short-Treasury reserve, 1.71% trailing yield. Every position carries an add, reinforce or hold on the current watch list; the reserve is the weight below the waterline that lets the equity book be held through a drawdown. Performance (current weights, Sep 21 close): YTD +21.2% · 1-yr +27.8%.
#
Ticker
Name
Weight
Sector / Theme
YTD
Contrib
Thesis
1
SGOV
iShares 0-3M Treasury ETF
8.94%
Reserve
+2.6%
+0.24%
0–3 month bills. The letter’s reserve: a third at −8%, a third at −12%, a third the week of the vote.
2
USFR
WisdomTree Floating Rate Treasury
5.97%
Reserve
+2.9%
+0.17%
Floating-rate Treasuries reset with the bill rate; most Fed officials see at least one more increase.
3
XOM
ExxonMobil
2.68%
Energy
+34.2%
+0.92%
Integrated major; the structural inflation hedge, held at weight, not chased at $101 crude.
4
CVX
Chevron
2.60%
Energy
+37.4%
+0.98%
Integrated major; dividend and buyback machine while Hormuz stays a $16–20 shuttle.
5
COP
ConocoPhillips
2.60%
Energy
+39.2%
+1.03%
Lowest-cost independent; the cleanest crude beta on the list.
6
LNG
Cheniere Energy
1.73%
Energy
+42.5%
+0.74%
U.S. LNG exporter while Middle Eastern routes stay under pressure.
7
WMB
Williams Companies
1.29%
Energy
+21.8%
+0.28%
Gas pipelines: fee-based, the power build-out’s fuel line.
8
XLE
Energy Select SPDR
1.29%
Energy
+42.5%
+0.55%
Sector fund carries the sleeve at the small tiers; single majors take over from $50K.
9
NVDA
NVIDIA
3.02%
AI / Tech
+22.2%
+0.67%
Held at weight, not added to; the spender-versus-supplier question is open.
10
MSFT
Microsoft
2.60%
AI / Tech
+4.4%
+0.11%
Owned as a spender in the build-out rather than a supplier to it.
11
GOOGL
Alphabet
2.60%
AI / Tech
+13.6%
+0.36%
Search cash flow funds the TPU stack.
12
META
Meta
2.16%
AI / Tech
+12.6%
+0.27%
Ad engine plus the transaction layer its agents are being wired into.
13
AAPL
Apple
2.16%
AI / Tech
+25.0%
+0.54%
Core position; the iPhone Duo is the first foldable with real share.
14
AVGO
Broadcom
1.73%
AI / Tech
+5.4%
+0.09%
Custom silicon and networking; flat YTD after a 50% 2025.
The North Star core book at $500K: 73 names over a 15.0% short-Treasury reserve, 1.71% trailing yield. Every position carries an add, reinforce or hold on the current watch list; the reserve is the weight below the waterline that lets the equity book be held through a drawdown. Performance (current weights, Sep 21 close): YTD +22.9% · 1-yr +29.1%.
#
Ticker
Name
Weight
Sector / Theme
YTD
Contrib
Thesis
1
SGOV
iShares 0-3M Treasury ETF
8.93%
Reserve
+2.6%
+0.24%
0–3 month bills. The letter’s reserve: a third at −8%, a third at −12%, a third the week of the vote.
2
USFR
WisdomTree Floating Rate Treasury
5.97%
Reserve
+2.9%
+0.17%
Floating-rate Treasuries reset with the bill rate; most Fed officials see at least one more increase.
3
XOM
ExxonMobil
2.21%
Energy
+34.2%
+0.76%
Integrated major; the structural inflation hedge, held at weight, not chased at $101 crude.
4
CVX
Chevron
2.35%
Energy
+37.4%
+0.88%
Integrated major; dividend and buyback machine while Hormuz stays a $16–20 shuttle.
5
COP
ConocoPhillips
2.35%
Energy
+39.2%
+0.93%
Lowest-cost independent; the cleanest crude beta on the list.
6
LNG
Cheniere Energy
1.56%
Energy
+42.5%
+0.67%
U.S. LNG exporter while Middle Eastern routes stay under pressure.
7
WMB
Williams Companies
1.17%
Energy
+21.8%
+0.26%
Gas pipelines: fee-based, the power build-out’s fuel line.
8
XLE
Energy Select SPDR
1.17%
Energy
+42.5%
+0.50%
Sector fund carries the sleeve at the small tiers; single majors take over from $50K.
9
NVDA
NVIDIA
2.74%
AI / Tech
+22.2%
+0.61%
Held at weight, not added to; the spender-versus-supplier question is open.
10
MSFT
Microsoft
2.35%
AI / Tech
+4.4%
+0.10%
Owned as a spender in the build-out rather than a supplier to it.
11
GOOGL
Alphabet
2.35%
AI / Tech
+13.6%
+0.32%
Search cash flow funds the TPU stack.
12
META
Meta
1.95%
AI / Tech
+12.6%
+0.25%
Ad engine plus the transaction layer its agents are being wired into.
13
AAPL
Apple
1.95%
AI / Tech
+25.0%
+0.49%
Core position; the iPhone Duo is the first foldable with real share.
14
AVGO
Broadcom
1.56%
AI / Tech
+5.4%
+0.08%
Custom silicon and networking; flat YTD after a 50% 2025.
The North Star core book at $750K: 77 names over a 15.0% short-Treasury reserve, 1.73% trailing yield. Every position carries an add, reinforce or hold on the current watch list; the reserve is the weight below the waterline that lets the equity book be held through a drawdown. Performance (current weights, Sep 21 close): YTD +22.3% · 1-yr +28.5%.
#
Ticker
Name
Weight
Sector / Theme
YTD
Contrib
Thesis
1
SGOV
iShares 0-3M Treasury ETF
8.96%
Reserve
+2.6%
+0.24%
0–3 month bills. The letter’s reserve: a third at −8%, a third at −12%, a third the week of the vote.
2
USFR
WisdomTree Floating Rate Treasury
5.97%
Reserve
+2.9%
+0.17%
Floating-rate Treasuries reset with the bill rate; most Fed officials see at least one more increase.
3
XOM
ExxonMobil
2.20%
Energy
+34.2%
+0.76%
Integrated major; the structural inflation hedge, held at weight, not chased at $101 crude.
4
CVX
Chevron
2.26%
Energy
+37.4%
+0.85%
Integrated major; dividend and buyback machine while Hormuz stays a $16–20 shuttle.
5
COP
ConocoPhillips
2.26%
Energy
+39.2%
+0.89%
Lowest-cost independent; the cleanest crude beta on the list.
6
LNG
Cheniere Energy
1.50%
Energy
+42.5%
+0.64%
U.S. LNG exporter while Middle Eastern routes stay under pressure.
7
WMB
Williams Companies
1.50%
Energy
+21.8%
+0.33%
Gas pipelines: fee-based, the power build-out’s fuel line.
8
XLE
Energy Select SPDR
1.12%
Energy
+42.5%
+0.48%
Sector fund carries the sleeve at the small tiers; single majors take over from $50K.
9
NVDA
NVIDIA
2.63%
AI / Tech
+22.2%
+0.59%
Held at weight, not added to; the spender-versus-supplier question is open.
10
MSFT
Microsoft
2.26%
AI / Tech
+4.4%
+0.10%
Owned as a spender in the build-out rather than a supplier to it.
11
GOOGL
Alphabet
2.26%
AI / Tech
+13.6%
+0.31%
Search cash flow funds the TPU stack.
12
META
Meta
1.88%
AI / Tech
+12.6%
+0.24%
Ad engine plus the transaction layer its agents are being wired into.
13
AAPL
Apple
1.88%
AI / Tech
+25.0%
+0.47%
Core position; the iPhone Duo is the first foldable with real share.
14
AVGO
Broadcom
1.50%
AI / Tech
+5.4%
+0.08%
Custom silicon and networking; flat YTD after a 50% 2025.
The North Star core book at $1M: 49 names over a 14.4% short-Treasury reserve, 2.98% trailing yield. Every position carries an add, reinforce or hold on the current watch list; the reserve is the weight below the waterline that lets the equity book be held through a drawdown. Performance (current weights, Sep 21 close): YTD +18.4% · 1-yr +23.3%.
#
Ticker
Name
Weight
Sector / Theme
YTD
Contrib
Thesis
1
SGOV
iShares 0-3M Treasury ETF
8.30%
Reserve
+2.6%
+0.22%
0–3 month bills. The letter’s reserve: a third at −8%, a third at −12%, a third the week of the vote.
2
USFR
WisdomTree Floating Rate Treasury
5.97%
Reserve
+2.9%
+0.17%
Floating-rate Treasuries reset with the bill rate; most Fed officials see at least one more increase.
3
XOM
ExxonMobil
2.52%
Energy
+34.2%
+0.87%
Integrated major; the structural inflation hedge, held at weight, not chased at $101 crude.
4
CVX
Chevron
2.99%
Energy
+37.4%
+1.12%
Integrated major; dividend and buyback machine while Hormuz stays a $16–20 shuttle.
5
COP
ConocoPhillips
1.27%
Energy
+39.2%
+0.50%
Lowest-cost independent; the cleanest crude beta on the list.
6
WMB
Williams Companies
3.40%
Energy
+21.8%
+0.75%
Gas pipelines: fee-based, the power build-out’s fuel line.
7
KMI
Kinder Morgan
3.83%
Energy
+18.7%
+0.72%
Midstream fees, 3.8% yield, no oil price in the coupon.
8
XLE
Energy Select SPDR
2.56%
Energy
+42.5%
+1.09%
Sector fund carries the sleeve at the small tiers; single majors take over from $50K.
9
BP
BP plc
2.56%
Energy
+28.9%
+0.74%
Cheapest major on the list, 4.4% yield.
10
EOG
EOG Resources
0.86%
Energy
+38.0%
+0.33%
Permian free cash flow, low leverage.
11
LNG
Cheniere Energy
0.86%
Energy
+42.5%
+0.37%
U.S. LNG exporter while Middle Eastern routes stay under pressure.
12
OXY
Occidental
0.43%
Energy
+41.2%
+0.18%
Berkshire-backed Permian; higher beta to the barrel.
13
PG
Procter & Gamble
2.56%
Staples / Consumer
+4.2%
+0.11%
Pricing power; the sleeve the letter says earns its keep on the way down.
14
KO
Coca-Cola
2.56%
Staples / Consumer
+27.0%
+0.70%
Global staple; 2.3% yield.
15
PM
Philip Morris Intl
3.40%
Staples / Consumer
+18.9%
+0.65%
Smoke-free transition, 3% yield.
16
MO
Altria Group
3.40%
Staples / Consumer
+24.6%
+0.84%
6.1% yield; the income seat in staples.
17
WMT
Walmart
0.86%
Staples / Consumer
−2.9%
−0.03%
Scale retailer; the consumer’s trade-down destination.
18
COST
Costco
0.43%
Staples / Consumer
+4.7%
+0.02%
Membership compounder; trimmed after a −7% month.
19
ABBV
AbbVie
3.40%
Healthcare
+18.5%
+0.63%
Immunology plus a 2.6% yield.
20
JNJ
Johnson & Johnson
2.56%
Healthcare
+32.3%
+0.83%
Diversified; the sleeve’s ballast.
21
PFE
Pfizer
2.56%
Healthcare
+17.2%
+0.44%
Held for the 6.2% yield; not a growth seat.
22
AZN
AstraZeneca
1.27%
Healthcare
−7.6%
−0.10%
Oncology pipeline, 2% yield.
23
LLY
Eli Lilly
0.86%
Healthcare
+8.9%
+0.08%
GLP-1 franchise; trimmed from the tactical weight.
24
UNH
UnitedHealth Group
0.86%
Healthcare
+16.6%
+0.14%
Managed care at a recovered price.
25
JPM
JPMorgan
2.56%
Financials
+10.8%
+0.28%
Best-in-class bank; net interest margin widens with the hike.
26
BAC
Bank of America
1.70%
Financials
+7.1%
+0.12%
Rate-sensitive deposit franchise.
27
MS
Morgan Stanley
1.27%
Financials
+18.0%
+0.23%
Wealth management fee engine.
28
GS
Goldman Sachs
0.43%
Financials
+10.7%
+0.05%
Trading and advisory recovery.
29
CB
Chubb
0.86%
Financials
+9.0%
+0.08%
Underwriting discipline; pricing power in a hard market.
30
PNC
PNC Financial
2.13%
Financials
+14.4%
+0.31%
Regional bank; held for the 2.8% yield.
31
NEE
NextEra Energy
3.40%
Power / Infra
+1.4%
+0.05%
Regulated utility plus the largest renewables book; 2.9% yield.
Capital Wealth North Star Faith-Based 200 · $200K · Screened Core
The North Star, run through the faith-based screen, at $200K: 40 names over a 10.0% sukuk reserve (SPSK), 1.58% trailing yield. Same sleeves and the same watch list as the North Star; every single stock passes the Musaffa (AAOIFI) screen and is not questionable on Zoya, funds are Shariah ETFs, and the weapons primes, banks, insurers and Treasury bills are out by construction. Reserve held at 10% for the aggressive risk profile. Principal first: how a RILA stands up to the faith test →Performance (current weights, Sep 21 close): YTD +31.8% · 1-yr +39.9%.
#
Ticker
Name
Weight
Sector / Theme
YTD
Contrib
Thesis
1
SPSK
SP Funds Dow Jones Global Sukuk ETF
10.00%
Reserve
−0.9%
−0.10%
Sukuk fund in place of Treasury bills; the reserve of a screened book, held for the same three dates as the North Star’s.
2
SPUS
SP Funds S&P 500 Sharia Industry Exclusions ETF
6.08%
Core
+17.6%
+1.08%
S&P 500 Shariah core; carries MSFT and GOOGL under the index board’s screen, the only way they enter this book.
3
HLAL
Wahed FTSE USA Shariah ETF
3.03%
Core
+21.5%
+0.65%
FTSE USA Shariah core; a second board’s screen beside SPUS.
4
XOM
ExxonMobil
3.54%
Energy
+34.2%
+1.22%
Integrated major; the structural inflation hedge, held at weight, not chased at $101 crude.
5
CVX
Chevron
3.03%
Energy
+37.4%
+1.14%
Integrated major; dividend and buyback machine while Hormuz stays a $16–20 shuttle.
6
EOG
EOG Resources
2.53%
Energy
+38.0%
+0.97%
Low-debt shale producer; the add on the list.
7
TPL
Texas Pacific Land
2.53%
Energy
+28.2%
+0.72%
Permian royalties with no debt; the cleanest oil name on the screen.
8
SLB
SLB (Schlumberger)
1.77%
Energy
+37.1%
+0.66%
Oilfield services; the add on the list.
9
OXY
Occidental Petroleum
1.77%
Energy
+41.2%
+0.73%
Permian producer; passes the leverage screen where BP, LNG and the pipelines do not.
10
NVDA
NVIDIA
4.05%
AI / Tech
+22.2%
+0.90%
Held at weight, not added to; the spender-versus-supplier question is open.
11
AAPL
Apple
3.03%
AI / Tech
+25.0%
+0.76%
Core position; the iPhone Duo is the first foldable with real share.
12
AVGO
Broadcom
2.78%
AI / Tech
+5.4%
+0.15%
Custom silicon and networking; flat YTD after a 50% 2025.
13
TSM
Taiwan Semiconductor
2.78%
AI / Tech
+47.6%
+1.33%
The foundry everyone above depends on.
14
TSLA
Tesla
1.77%
AI / Tech
−16.6%
−0.29%
Reinforce on the list; passes both screens.
15
CRWD
CrowdStrike
1.52%
AI / Tech
+112.8%
+1.72%
Cyber platform; small after +18% on the week.
16
TXN
Texas Instruments
1.52%
AI / Tech
+58.8%
+0.90%
Analog chips, 2.1% yield; the industrial side of semis.
17
ARM
Arm Holdings
1.26%
AI / Tech
+195.4%
+2.47%
Licensing royalty on every chip in the build-out.
18
PANW
Palo Alto Networks
1.26%
AI / Tech
+101.8%
+1.29%
Cybersecurity platform; the screened seat beside CRWD.
19
MRVL
Marvell Technology
1.26%
AI / Tech
+203.3%
+2.57%
Custom AI silicon; the networking side of memory.
20
MU
Micron
1.01%
AI / Tech
+266.0%
+2.70%
Memory; the Sept. 30 print decides the next add.
21
ANET
Arista Networks
1.01%
AI / Tech
+56.8%
+0.58%
Cloud networking for the AI data center; house-held.
Capital Wealth North Star Faith-Based 500 · $500K · Screened Core
The North Star, run through the faith-based screen, at $500K: 46 names over a 10.0% sukuk reserve (SPSK), 1.57% trailing yield. Same sleeves and the same watch list as the North Star; every single stock passes the Musaffa (AAOIFI) screen and is not questionable on Zoya, funds are Shariah ETFs, and the weapons primes, banks, insurers and Treasury bills are out by construction. Reserve held at 10% for the aggressive risk profile. Principal first: how a RILA stands up to the faith test →Performance (current weights, Sep 21 close): YTD +32.9% · 1-yr +41.6%.
#
Ticker
Name
Weight
Sector / Theme
YTD
Contrib
Thesis
1
SPSK
SP Funds Dow Jones Global Sukuk ETF
10.00%
Reserve
−0.9%
−0.10%
Sukuk fund in place of Treasury bills; the reserve of a screened book, held for the same three dates as the North Star’s.
2
SPUS
SP Funds S&P 500 Sharia Industry Exclusions ETF
6.56%
Core
+17.6%
+1.16%
S&P 500 Shariah core; carries MSFT and GOOGL under the index board’s screen, the only way they enter this book.
3
HLAL
Wahed FTSE USA Shariah ETF
3.03%
Core
+21.5%
+0.65%
FTSE USA Shariah core; a second board’s screen beside SPUS.
4
XOM
ExxonMobil
3.28%
Energy
+34.2%
+1.13%
Integrated major; the structural inflation hedge, held at weight, not chased at $101 crude.
5
CVX
Chevron
3.03%
Energy
+37.4%
+1.14%
Integrated major; dividend and buyback machine while Hormuz stays a $16–20 shuttle.
6
EOG
EOG Resources
2.52%
Energy
+38.0%
+0.96%
Low-debt shale producer; the add on the list.
7
TPL
Texas Pacific Land
2.27%
Energy
+28.2%
+0.64%
Permian royalties with no debt; the cleanest oil name on the screen.
8
SLB
SLB (Schlumberger)
1.76%
Energy
+37.1%
+0.66%
Oilfield services; the add on the list.
9
OXY
Occidental Petroleum
1.51%
Energy
+41.2%
+0.62%
Permian producer; passes the leverage screen where BP, LNG and the pipelines do not.
10
HAL
Halliburton
1.26%
Energy
+19.8%
+0.25%
Oilfield services; the second seat.
11
NVDA
NVIDIA
3.78%
AI / Tech
+22.2%
+0.84%
Held at weight, not added to; the spender-versus-supplier question is open.
12
AAPL
Apple
2.77%
AI / Tech
+25.0%
+0.70%
Core position; the iPhone Duo is the first foldable with real share.
13
AVGO
Broadcom
2.52%
AI / Tech
+5.4%
+0.14%
Custom silicon and networking; flat YTD after a 50% 2025.
14
TSM
Taiwan Semiconductor
2.52%
AI / Tech
+47.6%
+1.21%
The foundry everyone above depends on.
15
TSLA
Tesla
1.51%
AI / Tech
−16.6%
−0.25%
Reinforce on the list; passes both screens.
16
CRWD
CrowdStrike
1.26%
AI / Tech
+112.8%
+1.43%
Cyber platform; small after +18% on the week.
17
TXN
Texas Instruments
1.26%
AI / Tech
+58.8%
+0.74%
Analog chips, 2.1% yield; the industrial side of semis.
18
ARM
Arm Holdings
1.01%
AI / Tech
+195.4%
+1.98%
Licensing royalty on every chip in the build-out.
19
PANW
Palo Alto Networks
1.01%
AI / Tech
+101.8%
+1.03%
Cybersecurity platform; the screened seat beside CRWD.
20
MRVL
Marvell Technology
1.01%
AI / Tech
+203.3%
+2.06%
Custom AI silicon; the networking side of memory.
21
MU
Micron
1.01%
AI / Tech
+266.0%
+2.70%
Memory; the Sept. 30 print decides the next add.
22
ANET
Arista Networks
1.01%
AI / Tech
+56.8%
+0.58%
Cloud networking for the AI data center; house-held.
23
SNOW
Snowflake
0.76%
AI / Tech
+54.7%
+0.42%
Cloud data platform; house-held.
24
GLW
Corning
0.76%
AI / Tech
+82.5%
+0.63%
Optical fiber for the data-center build; the add on the list.
Capital Wealth Tax-Efficient · Diversified (Taxable)
Built for taxable accounts. Holdings chosen for low turnover, qualified-dividend tax treatment, ETF in-kind redemption (no embedded capital gains distributions), and tax-loss-harvesting flexibility. Excludes REITs, MLPs, and high-dividend names that throw off ordinary-income distributions. Designed to coordinate with a tax-deferred (IRA / 403b) sleeve where the high-yield names sit. Pairs with the wash-sale tracker on the rebalancing page.Performance (current weights, Sep 21 close): YTD +10.8% · 1-yr +15.1% · 5-yr annualized +10.6% · 2022 stress −14.9% vs S&P 500 −18.2%.
S&P 500 core; IVV is the TLH-pair if VOO needs harvesting
3
VEA
Vanguard FTSE Developed Markets ETF
7.57%
Developed ex-US
+16.8%
+1.28%
Developed-market diversifier; IEFA = TLH-pair
4
VWO
Vanguard FTSE Emerging Markets ETF
3.78%
Emerging Markets
+14.1%
+0.53%
EM diversifier; EEM = TLH-pair (different index but functionally similar)
5
QQQM
Invesco NASDAQ-100 ETF (lower-fee class)
5.68%
Tech Tilt
+21.1%
+1.21%
Lower-fee than QQQ (0.15% vs 0.20%); same NASDAQ-100 exposure
6
SCHG
Schwab US Large-Cap Growth ETF
4.73%
Growth Tilt
+11.4%
+0.54%
VUG = TLH-pair; growth tilt without single-stock concentration
7
SCHD
Schwab US Dividend Equity ETF
4.73%
Quality Dividend
+25.0%
+1.19%
Qualified-dividend status; lower turnover than active funds; 3.6% yield
8
VV
Vanguard Large-Cap ETF
3.78%
Core US Equity
+14.3%
+0.54%
Large-cap diversifier; complements VTI without overlap
9
AAPL
Apple
2.84%
Single-stock conviction
+25.0%
+0.71%
Hold >1 yr for long-term cap-gain rate; specific-lot identification on harvests
10
MSFT
Microsoft
2.84%
Single-stock conviction
+4.4%
+0.13%
LTCG hold; minimal dividend income (qualified)
11
GOOGL
Alphabet
2.84%
Single-stock conviction
+13.6%
+0.39%
No dividend (zero ordinary income); LTCG hold
12
BRK.B
Berkshire Hathaway B
2.84%
Tax-Optimized
−0.1%
−0.00%
No dividend by design; pure capital-gain mechanism; ideal taxable holding
13
VTEB
Vanguard Tax-Exempt Bond ETF
9.46%
Muni Bond / Tax-Free
−1.8%
−0.17%
Federal-tax-free interest; CA-resident: pair with CMF for state-tax-free option
14
MUB
iShares National Muni Bond ETF
4.73%
Muni Bond / Tax-Free
−1.9%
−0.09%
VTEB = TLH-pair; same federal-tax-free exposure
15
CMF
iShares California Muni Bond ETF
4.73%
Muni Bond / Double-Tax-Free
−2.2%
−0.10%
CA residents only: federal AND state tax-free interest; sized to client's CA bracket
16
VTIP
Vanguard Short-Term TIPS ETF
3.78%
Inflation-Protected
+1.2%
+0.05%
Short-duration TIPS; less interest-rate risk than full TIP; SCHP = TLH-pair
17
SGOV
iShares 0-3M Treasury ETF
1.36%
Cash Equivalent
+2.6%
+0.04%
Treasury interest (federal-only-taxed); BIL = TLH-pair
18
IAU
iShares Gold Trust
2.84%
Real Asset
+0.6%
+0.02%
Long-term capital-gain rate (28% collectibles cap if <1yr); GLD = TLH-pair
19
VEU
Vanguard FTSE All-World ex-US ETF
2.84%
Global ex-US
+16.7%
+0.48%
Global ex-US diversifier; ACWX = TLH-pair
20
CASH
Money Market Reserve
0.95%
Operational Cash
+2.6%
+0.03%
Settlement / opportunistic cash; harvest reserve
TOTAL — 100%
100%
0.00%
21
NEE
NextEra Energy
0.98%
Power
+1.4%
+0.01%
NEW May 19 — Dominion buyout creates East-Coast AI-power leader
22
AZN
AstraZeneca
0.49%
Pharma
−7.6%
−0.04%
NEW May 19 — Hypertension approval; pharma diversification
+
PM
Philip Morris Intl
1.50%
Tobacco / Defensive
+18.9%
+0.28%
Zyn / IQOS — 41% of 2025 sales now smoke-free (WSJ, Jul 10 2026)
+
VGK
Vanguard FTSE Europe ETF
2.00%
International / Diversifier
+9.0%
+0.18%
NEW Aug 22 — Stoxx 600 EPS +18% (+7% ex-energy); ~10% tech weight vs ~40% S&P — the honest AI-concentration offset (WSJ Heard, Aug 22)
Tax-Efficiency Design Notes
What sits here vs in the IRA: this Tax-Efficient model goes in the taxable brokerage. The high-yield names (energy partnerships KMI/ET/EPD/MPLX, REITs, high-dividend ETFs, junk-bond ETFs) live in the Roth IRA / Traditional IRA / 403(b) sleeve where ordinary-income distributions are sheltered.
Wash-sale rule (IRS Section 1091): 30 days before AND after the sale (61-day window). Applies to “substantially identical” securities. The TLH-pair column lists the alternative ETF that maintains exposure without triggering wash-sale. Don't buy the same ticker in your IRA either — Rev Rul 2008-5 extended wash-sale rules across taxable+IRA accounts.
Long-term capital gains: hold every position >1 year before harvesting gains to qualify for the 0% / 15% / 20% LTCG bracket vs ordinary income. Use specific-lot identification (FIFO is the worst tax outcome).
Qualified dividends: ETFs in this model pass through qualified-dividend status (15-20% rate) rather than ordinary-income distributions. Avoid REITs and MLPs in this sleeve — they break QDI status.
Rebalancing cadence: quarterly review. If a position has drifted >5% from target, rebalance. Always rebalance through new contributions or distributions before triggering taxable sales.
Tax-loss-harvesting season: November-December for the year-end tax loss; March-October opportunistic on drawdown spikes >7%. The wash-sale tracker on the rebalancing page tells you when each position is eligible to repurchase.
Thesis — Diversified high-conviction book optimized for taxable brokerage accounts. Tilts toward qualified-dividend payers, low-turnover ETFs, and tax-managed funds. Avoids ordinary-income drag from REITs and energy MLPs.
Investment Policy Statement
Risk band: Tolerate −25% peak-to-trough drawdown
Time horizon: 10+ years
Liquidity need: 0.5% SGOV buffer; rest available via in-kind ETF redemption
Aggressive-speculative sleeve for the moonshot bucket of a portfolio. Built around quantum computing pure-plays (IONQ, RGTI, QBTS, QUBT), AI infrastructure leaders, autonomous + counter-drone (AVAV), rare earth (MP), space (RKLB), and the highest-conviction Mag7. Position-sized small per name (1.5–4%) because individual outcomes range from 10x to zero. Suitable only for accounts where the client can tolerate a 50%+ drawdown on this sleeve without affecting their lifestyle. Sleeve sized at 5–15% of total household assets — never the whole portfolio. Performance (current weights, Sep 21 close): YTD +27.0% · 1-yr +29.8% · annualized since inception (2.5 yrs) +74.6%.
#
Ticker
Name
Weight
Sector / Theme
YTD
Contrib
Speculative Thesis
1
IONQ
IonQ
3.98%
Quantum Computing
−9.7%
−0.39%
Trapped-ion quantum architecture; closest to commercial quantum advantage; Microsoft + AWS partnerships
2
RGTI
Rigetti Computing
2.98%
Quantum Computing
−25.4%
−0.76%
Superconducting-qubit fabrication leader; DARPA + DoE contracts; volatile but real revenue path
3
QBTS
D-Wave Quantum
2.49%
Quantum Computing
−32.3%
−0.81%
Quantum annealing specialist; commercial deployments at Volkswagen, Mastercard; differentiated from gate-based
4
QUBT
Quantum Computing Inc.
1.49%
Quantum Computing
−12.7%
−0.19%
Smaller-cap quantum + photonic sensing pure-play; binary outcome (win big or zero); position size reflects that
5
NVDA
NVIDIA
7.96%
AI Infrastructure
+22.2%
+1.78%
CUDA-moat compounder; AI capex cycle multi-year; cornerstone of any tech-speculative book
6
PLTR
Palantir Technologies
4.97%
AI / Defense Software
+3.0%
+0.15%
DoD AI-deployment leader; commercial AIP traction; rich valuation but secular tailwind
7
AVGO
Broadcom
3.72%
AI Semis
+5.4%
+0.20%
Custom AI silicon for hyperscalers; Apple, Meta, Google all customers; the "anti-NVDA" hedge
8
CRWD
CrowdStrike
3.98%
Cyber / AI Detection
+112.8%
+4.51%
AI-powered cyber leader; recurring revenue compounder; cyber spending is non-discretionary
9
SNOW
Snowflake
3.48%
Data Cloud
+54.7%
+1.91%
Cloud-data warehouse leader; AI-data preparation tailwind; high-burn but credible path
10
MDB
MongoDB
2.98%
Data Cloud
−2.9%
−0.09%
NoSQL leader; Atlas cloud growth + AI vector-database use case
11
AAPL
Apple
4.97%
Mag7 / AI Edge
+25.0%
+1.25%
Apple Intelligence on-device AI rollout; INTC chip-deal de-risks Taiwan tail; cash-flow ballast
12
META
Meta Platforms
4.97%
Mag7 / AI Models
+12.6%
+0.63%
Llama open-weights leader; capex thesis intact; ad-business funds the AI build
13
GOOGL
Alphabet
4.97%
Mag7 / AI Models
+13.6%
+0.68%
Gemini + Cloud AI compounding; YouTube ad ballast; Waymo optionality
14
MSFT
Microsoft
4.97%
Mag7 / AI Models
+4.4%
+0.22%
OpenAI partnership + Azure AI; quantum hardware research (Majorana qubits) is real long-shot
Dry powder for adding into drawdowns; speculative book NEEDS this on every dip-buy
TOTAL — 100% of speculative sleeve (5-15% of household)
100%
0.00%
29
MU
Micron Technology
2.50%
AI Semis / Memory · AI infra
+266.0%
+6.68%
NEW Jun 27 — blowout May quarter, ~80% margins; memory is the picks-and-shovels of AI
Risk & Sizing Notes
This is a speculative sleeve, not a core book. Hold this alongside Tier I/II/III/IV — never as the only book. Recommended sizing: 5–15% of total household financial assets. The other 85–95% goes in the Aggressive tiers, the dividend tier, the Tax-Efficient tier, or fixed income.
Drawdown expectations: a 50% peak-to-trough drawdown on this sleeve is likely, not surprising. Quantum names move 30%+ on any given week. Expect it.
Account location: hold this in Roth IRA wherever possible. The asymmetric upside (some names could 5–10x over the next decade) is exactly the kind of return you want growing tax-free.
Position sizing: the smallest names (QUBT, QBTS, IONQ, RGTI, RKLB) are sized 1.5–4% specifically because individual outcomes range from binary zeros to 10x winners. Don't size up — sized correctly here, a single zero costs you 1.5–4% of the sleeve, which is 0.075–0.6% of household.
Rebalancing: if any position grows past 6% of the sleeve, trim back to the 4% target. The asymmetric returns mean winners will compound; let them, but don't let them become the entire sleeve.
Suitability: not appropriate for clients in or near retirement who need this money for living expenses in the next 5 years. This sleeve is for the 10–30 year compounding horizon.
Thesis — Concentrated high-conviction thematic book. 29 positions across AI infrastructure, quantum computing, and frontier semis. Speculative sleeve only — sized for risk-on capital.
25-position balanced book targeting a ~5% blended yield with growth-friendly quality cushion. Half quality-dividend core (SCHD/VYM + classic dividend champions yielding 3%) and half higher-yield income (MLPs, REITs, BDCs, covered-call ETFs yielding 6–9%) — blended together to hit a 5% portfolio yield without concentrating in a single high-yield trap. Designed for clients who want their portfolio to pay them now without giving up the chance to grow over a 10-year horizon. Pairs well with Social Security as a guaranteed-income complement. Performance (current weights, Sep 21 close): YTD +12.1% · 1-yr +14.4% · 5-yr annualized +11.1% · 2022 stress +3.4% vs S&P 500 −18.2%.
#
Ticker
Name
Weight
Sleeve
Yield
YTD
Income Note
#
Ticker
Name
Weight
Sleeve
Yield
YTD
Income Note
Quality Dividend Core (35% — yields 2.5–3.5%)
1
SCHD
Schwab US Dividend Equity ETF
7.16%
Quality Core
3.0%
+25.0%
Dow Jones Dividend 100 Index; quality-screen leader; tax-efficient ETF
2
VYM
Vanguard High Dividend Yield ETF
5.10%
Quality Core
2.2%
+13.1%
FTSE high-yield index; complements SCHD with broader diversification
Sep 1 — moved from TIP: same inflation link, a third of the duration (TIP +0.3% vs VTIP +1.8% YTD; the drag was real yields repricing, not the CPI accrual)
24
PFF
iShares Preferred & Income
3.06%
Preferreds
6.1%
+1.0%
Preferred-stock ETF; bond-like yield with equity-style upside on rate cuts
Blended yield calculated weighted-average across all 25 positions
26
NEE
NextEra Energy
1.00%
Power
2.9%
+1.4%
NEW May 19 — Dominion buyout creates East-Coast AI-power leader
27
AZN
AstraZeneca
0.50%
Pharma
1.9%
−7.6%
NEW May 19 — Hypertension approval; pharma diversification
+
MO
Altria Group
2.00%
Tobacco / Defensive
~6.7%
+24.6%
NEW Jul 11 — pairs with BTI; lifts blended yield toward the 5% target
+
PM
Philip Morris Intl
2.00%
Tobacco / Defensive
~3.1%
+18.9%
Zyn / IQOS — 41% of 2025 sales now smoke-free (WSJ, Jul 10 2026)
Income Mechanics
Distribution cadence: SCHD/VYM/DGRO quarterly; O/MAIN monthly; PFF/JEPI monthly; MLPs (ET/MPLX) and BDCs (ARCC) quarterly. The blended payout schedule produces income roughly every week of the year.
Annual cash flow on $500K invested: ~$25,250 (5.05% of $500K). Roughly $2,100/month if reinvested-or-spent monthly.
Account location: hold MLPs (ET, MPLX) and BDCs (MAIN, ARCC) in tax-deferred accounts (Traditional IRA, 401(k), 403(b)) — they generate ordinary income, not qualified dividends. The quality-core ETFs (SCHD/VYM/DGRO) and dividend stocks (JNJ/PG/KO/PEP/ABBV/MRK) belong in taxable brokerage where you get the qualified-dividend rate. JEPI is a hybrid — half qualified, half ordinary; better in tax-deferred.
K-1 forms: ET and MPLX issue Schedule K-1 (not 1099-DIV). If you don't want K-1 paperwork, swap them for AMLP or MLPX (MLP ETFs that handle the K-1 internally and issue 1099 to investors).
Distribution tax treatment: qualified dividends taxed at LTCG rates (0/15/20%); MLP/BDC/REIT distributions taxed as ordinary income; Treasury interest is federal-only-taxed (state-tax exempt).
Rebalancing: trim winners back to target weight quarterly; the Higher-Yield sleeve will drift up faster than Quality Core because of the higher distributions, so the trim is naturally tax-aware (taking gains in the higher-cost-basis lots first).
Use case: ideal for a CalSTRS / CalPERS retiree who has Social Security + pension covering fixed expenses and wants the brokerage account to fund discretionary spend (travel, family help) without selling principal.
Thesis — Diversified high-conviction balanced book targeting a 5% yield. Equity-income tilt with a defensive bond sleeve. For clients who want growth participation with an income floor.
Investment Policy Statement
Risk band: Tolerate −18% peak-to-trough drawdown
Time horizon: 7+ years
Liquidity need: 5% target income distribution; 0.5% SGOV buffer within cash sleeve
Return objective: 5% yield + S&P 500 minus 2% capital appreciation
Cash buffer (settlement reserve, within cash sleeve)0.5%
Total99.5%
Capital Wealth Non-Mag-7 · $100K · Diversified
The full Capital Wealth thesis with the Magnificent 7 removed — no AAPL, MSFT, GOOGL, AMZN, META, NVDA, or TSLA. For clients already over-indexed to mega-cap tech (employer RSUs, a concentrated 401k) who want everything else the book owns: defense, energy, financials, AI infrastructure ex-Mag7, semis ex-NVDA, healthcare, and gold. 30 positions. Portal-synced via slug nonmag7_100k. Performance (current weights, Sep 21 close): YTD +35.2% · 1-yr +44.7% · annualized since inception (2.5 yrs) +47.4%.
#
Ticker
Name
Weight
Sector / Theme
YTD
Contrib
Thesis
1
AVGO
Broadcom
5.00%
AI Semis
+5.4%
+0.27%
AI accelerators + networking ex-Mag7
2
PLTR
Palantir
4.00%
Defense
+3.0%
+0.12%
AI software/ontology, govt + commercial
3
ANET
Arista Networks
4.00%
AI Infra
+56.8%
+2.28%
Datacenter networking backbone
4
VRT
Vertiv
4.00%
DC Infra
+54.9%
+2.21%
Datacenter power & liquid cooling
5
ORCL
Oracle
4.00%
AI/Data
−23.1%
−0.93%
OCI capacity, AI database demand
6
CRWD
CrowdStrike
3.00%
Cyber
+112.8%
+3.40%
Cyber platform consolidation
7
PANW
Palo Alto Networks
3.00%
Cyber
+101.8%
+3.07%
Zero-trust platform, cyber core
8
SNOW
Snowflake
2.00%
Data
+54.7%
+1.10%
Data platform for AI workloads
9
MU
Micron Technology
4.00%
AI Semis / Memory
+266.0%
+10.69%
HBM/DRAM supercycle leader
10
TSM
Taiwan Semiconductor
4.00%
AI Semis
+47.6%
+1.91%
Foundry to the whole AI complex
11
ASML
ASML Holding NV
3.00%
International / Developed
+60.7%
+1.83%
EUV monopoly
12
LMT
Lockheed Martin
4.00%
Defense
+12.7%
+0.51%
Defense prime, $1.5T budget era
13
RTX
RTX Corp
4.00%
Defense
+7.1%
+0.29%
Defense + aero aftermarket
14
NOC
Northrop Grumman
3.00%
Defense
−6.5%
−0.20%
Strategic deterrent franchise
15
GD
General Dynamics
3.00%
Defense
+6.5%
+0.20%
Combat systems + Gulfstream
16
GEV
GE Vernova
4.00%
Power
+45.1%
+1.81%
Grid + gas turbines, electrification
17
XOM
ExxonMobil
4.00%
Energy
+34.2%
+1.37%
Energy ballast, integrated major
18
CVX
Chevron
3.00%
Energy
+37.4%
+1.13%
Integrated major
19
COP
ConocoPhillips
3.00%
Energy
+39.2%
+1.18%
Low-cost E&P
20
JPM
JPMorgan
4.00%
Bank
+10.8%
+0.43%
Money-center bank, rate tailwind
21
GS
Goldman Sachs
3.00%
Bank
+10.7%
+0.32%
Trading + advisory franchise
22
MS
Morgan Stanley
3.00%
Bank
+18.0%
+0.54%
Wealth + first $20B revenue quarter
23
BRK.B
Berkshire
4.00%
Conglom
−0.1%
−0.01%
Diversified compounder, cash optionality
24
LLY
Eli Lilly
4.00%
Pharma
+8.9%
+0.36%
GLP-1 + pipeline, pharma anchor
25
AZN
AstraZeneca
2.00%
Pharma
−7.6%
−0.15%
Oncology pipeline, intl pharma
26
COST
Costco
3.00%
Staples
+4.7%
+0.14%
Staples compounder
27
WMT
Walmart
2.00%
Staples
−2.9%
−0.06%
Defensive retail + retail media
28
IAU
iShares Gold
3.00%
Gold
+0.6%
+0.02%
Gold hedge, central-bank bid
29
NEM
Newmont
2.00%
Materials / Gold
+24.0%
+0.48%
Gold miner leverage
30
SGOV
iShares 0-3M Treasury ETF
0.25%
Fixed Income / Cash
+2.6%
+0.01%
Cash sleeve
TOTAL
99.50%
+
PM
Philip Morris Intl
1.25%
Tobacco / Defensive
+18.9%
+0.24%
Zyn / IQOS — 41% of 2025 sales now smoke-free (WSJ, Jul 10 2026)
Capital Wealth Energy · $100K · Sector
Pure-play energy & electrification book — integrated majors, E&P, midstream, oilfield services, and the power/grid names that electrify AI demand. Built around the structural supply-risk premium and the $1.4T grid build-out. 25 positions. Portal-synced via slug energy_100k. Performance (current weights, Sep 21 close): YTD +32.6% · 1-yr +35.7% · annualized since inception (2.5 yrs) +24.8%.
WATCH Aug 22 — off-grid turbine failures at 3 of 4 U.S. sites; falsifier on file. Nat-gas pipeline backbone for data centers
14
KMI
Kinder Morgan
3.00%
Energy
+18.7%
+0.56%
Nat-gas infrastructure, LNG feedgas
15
ET
Energy Transfer
3.00%
Midstream
+33.6%
+1.01%
Diversified midstream, high yield
16
MPLX
MPLX LP
3.00%
Midstream
+17.2%
+0.52%
Midstream cash machine
17
ENB
Enbridge
3.00%
Energy Div
+4.9%
+0.15%
North American pipeline + utility
18
BP
BP plc
2.00%
Energy
+28.9%
+0.58%
Intl integrated, valuation discount
19
PBR
Petrobras
2.00%
International / EM
+81.6%
+1.64%
High-yield deepwater barrels
20
GEV
GE Vernova
5.50%
Power
+45.1%
+2.49%
Grid + gas turbines — electrification core
21
PWR
Quanta Services
4.00%
DC/Power
+52.3%
+2.10%
Grid construction, AI-power buildout
22
VST
Vistra Energy
3.00%
Power / AI Datacenter
−12.3%
−0.37%
Independent power, data-center PPAs
23
CEG
Constellation Energy
2.00%
Power / Nuclear
−25.5%
−0.51%
Nuclear fleet for 24/7 datacenter load
24
NEE
NextEra Energy
3.00%
Power
+1.4%
+0.04%
Renewables + regulated utility scale
25
CCJ
Cameco
2.00%
Power/Infra
+1.9%
+0.04%
Uranium supply for nuclear restart
TOTAL
99.50%
Capital Wealth Memory & Storage · $100K · Thematic
The memory supercycle, expressed directly — DRAM/HBM and NAND makers, advanced-packaging and wafer-fab equipment, and the systems vendors pulling memory content. HBM is the bottleneck of the AI build. 20 positions. Note: this book's headline YTD is extraordinary because the memory/storage complex has run vertically this year (MU, SanDisk, Western Digital, Seagate all multi-baggers) — it reflects a single hot theme, not a diversified expectation; size accordingly. Portal-synced via slug memory_100k. Performance (current weights, Sep 21 close): YTD +139.9% · 1-yr +216.2% · annualized since inception (1.6 yrs) +163.9%.
#
Ticker
Name
Weight
Sector / Theme
YTD
Contrib
Thesis
1
MU
Micron Technology
14.00%
AI Semis / Memory
+266.0%
+37.43%
DRAM/HBM marquee — HBM sold out through next year
2
WDC
Western Digital
9.00%
AI Semis / Memory
+160.4%
+14.51%
HDD + enterprise storage, AI data gravity
3
STX
Seagate Technology
8.00%
AI Semis / Memory
+219.4%
+17.64%
Mass-capacity HDD, hyperscaler demand
4
SNDK
SanDisk
5.00%
AI Semis / Memory
+644.2%
+32.37%
NAND pure-play spin, pricing recovery
5
MRVL
Marvell Technology
6.00%
AI Semis
+203.3%
+12.26%
Custom HBM/connectivity silicon
6
AVGO
Broadcom
6.00%
AI Semis
+5.4%
+0.32%
Custom accelerators + HBM interconnect
7
NVDA
NVIDIA
5.00%
AI
+22.2%
+1.12%
HBM demand engine — every GPU is memory-bound
8
AMKR
Amkor Technology
5.00%
AI Semis
+32.8%
+1.65%
Advanced packaging for HBM stacks
9
TSM
Taiwan Semiconductor
6.00%
AI Semis
+47.6%
+2.87%
Foundry + CoWoS packaging capacity
10
ASML
ASML Holding NV
5.00%
International / Developed
+60.7%
+3.05%
EUV litho — DRAM scaling dependency
11
LRCX
Lam Research
5.00%
Semi Equip
+76.9%
+3.87%
Etch/deposition for 3D NAND + DRAM
12
AMAT
Applied Materials
5.00%
Semi Equip
+81.3%
+4.08%
Broadest WFE exposure to memory capex
13
KLAC
KLA Corp
4.00%
Semi Equip
+52.0%
+2.09%
Process control for memory yield
14
DELL
Dell Technologies
4.00%
AI Hardware
+361.2%
+14.52%
AI servers — memory content per box rising
15
SMCI
Super Micro
2.00%
AI Hardware
+40.8%
+0.82%
AI server systems, HBM-heavy SKUs
16
HPE
Hewlett Packard Enterprise
2.00%
AI Hardware
+160.2%
+3.22%
AI systems + storage
17
NXPI
NXP Semiconductors
2.00%
Semis
+8.5%
+0.17%
Edge memory/controllers
18
ADI
Analog Devices
2.00%
Semis
+42.5%
+0.85%
Signal chain for memory systems
19
TXN
Texas Instruments
2.00%
Tech/Semis
+58.8%
+1.18%
Analog content ballast
20
SGOV
iShares 0-3M Treasury ETF
2.50%
Fixed Income / Cash
+2.6%
+0.07%
T-bill cash sleeve
TOTAL
99.50%
Capital Wealth Quantum · Speculative
A dedicated quantum-computing book — speculative pure-plays (IONQ, RGTI, QBTS, QUBT, ARQQ) sized for asymmetry, paired with big-cap quantum optionality (IBM, Google, NVIDIA, Honeywell/Quantinuum) and a QQQM/gold/cash ballast. A 2030 optionality sleeve, not a core allocation — suitable only where the client can tolerate a 50%+ drawdown on the sleeve. Portal-synced via slug quantum_spec. Performance (current weights, Sep 21 close): YTD +6.0% · 1-yr +2.5% · 5-yr annualized +42.2% · 2022 stress −47.8% vs S&P 500 −18.2%.
#
Ticker
Name
Weight
Sector / Theme
YTD
Contrib
Thesis
1
IONQ
IonQ
13.00%
Quantum Computing
−9.7%
−1.27%
Trapped-ion leader, enterprise contracts
2
RGTI
Rigetti Computing
8.00%
Quantum Computing
−25.4%
−2.04%
Superconducting gate-model, govt programs
3
QBTS
D-Wave Quantum
7.00%
Quantum Computing
−32.3%
−2.27%
Annealing + gate roadmap, commercial pilots
4
QUBT
Quantum Computing Inc.
4.00%
Quantum Computing
−12.7%
−0.51%
Photonic quantum, early-stage
5
ARQQ
Arqit Quantum
3.00%
Quantum Computing
+7.5%
+0.23%
Quantum-safe encryption optionality
6
IBM
IBM
12.00%
Quantum / Compute
−20.1%
−2.43%
Quantum System Two + error-correction roadmap
7
GOOGL
Alphabet
11.00%
Tech/Mag7
+13.6%
+1.51%
Willow chip — error-correction milestone
8
NVDA
NVIDIA
10.00%
AI
+22.2%
+2.23%
CUDA-Q hybrid quantum-classical stack
9
HON
Honeywell (Quantinuum)
7.00%
Quantum / Industrial
+2.3%
+0.16%
Quantinuum — highest-fidelity ion traps
10
QQQM
Invesco NASDAQ-100 ETF (lower-fee class)
12.00%
Tech Tilt
+21.1%
+2.55%
Nasdaq-100 ballast for the speculative sleeve
11
IAU
iShares Gold
7.00%
Gold
+0.6%
+0.04%
Gold hedge against drawdown
12
SGOV
iShares 0-3M Treasury ETF
5.50%
Fixed Income / Cash
+2.6%
+0.14%
T-bill cash buffer
TOTAL
99.50%
Capital Wealth Mag 7 + AI Infrastructure · $50K · Concentrated
The Magnificent 7 softened with the essential AI-infrastructure backbone (AVGO, TSM, ORCL, DELL, IBM) — the names carrying the AI race and the build-out. Concentrated by design (top name ~11%); a high-conviction satellite, not a diversified core. Portal-synced via slug mag7_aiinfra. Performance (current weights, Sep 21 close): YTD +21.8% · 1-yr +24.2% · 5-yr annualized +30.1% · 2022 stress −32.5% vs S&P 500 −18.2%.
#
Ticker
Name
Weight
Sector / Theme
YTD
Contrib
Thesis
1
NVDA
NVIDIA
11.00%
Tech/Mag7
+22.2%
+2.45%
AI compute leader — picks & shovels
2
MSFT
Microsoft
10.00%
Tech/Mag7
+4.4%
+0.44%
Azure + Copilot enterprise AI stack
3
AAPL
Apple
9.00%
Tech/Mag7
+25.0%
+2.26%
Cash machine + on-device AI
4
GOOGL
Alphabet
9.00%
Tech/Mag7
+13.6%
+1.23%
Gemini + Search + TPU silicon
5
AMZN
Amazon
8.00%
Tech/Mag7
+12.0%
+0.96%
AWS AI capacity + retail
6
META
Meta
8.00%
Tech/Mag7
+12.6%
+1.01%
Ad engine funding AI infra spend
7
TSLA
Tesla
6.00%
Tech/Mag7
−16.6%
−1.00%
FSD / robotaxi optionality
8
AVGO
Broadcom
7.00%
AI Semis
+5.4%
+0.38%
Custom AI silicon + networking
9
TSM
Taiwan Semiconductor
7.00%
AI Semis
+47.6%
+3.35%
Foundry for every AI chip
10
ORCL
Oracle
6.00%
AI Infra
−23.1%
−1.39%
OCI capacity sold out; AI cloud
11
DELL
Dell Technologies
5.00%
AI Infra
+361.2%
+18.15%
AI servers — the build-out box maker
12
IBM
IBM
5.00%
AI Infra
−20.1%
−1.01%
Enterprise AI + hybrid cloud + quantum
13
SGOV
iShares 0-3M Treasury ETF
5.50%
Fixed Income / Cash
+2.6%
+0.14%
T-bill cash buffer
14
IAU
iShares Gold
3.00%
Gold
+0.6%
+0.02%
Gold hedge against drawdown
TOTAL
99.50%
Capital Wealth Defense · $50K · Sector
A dedicated defense-sector book — the primes (LMT, RTX, GD, NOC, HII), aerospace suppliers, the defense-software/autonomy layer (PLTR, AXON) and a full drone sleeve — AVAV + KTOS upweighted, DRS counter-drone added Jul 2026, naval nuclear, and a gold/cash ballast. The $1.5T budget era in one sleeve. Portal-synced via slug defense_sector. Performance (current weights, Sep 21 close): YTD −2.5% · 1-yr −0.4% · 5-yr annualized +24.6% · 2022 stress +10.8% vs S&P 500 −18.2%.
#
Ticker
Name
Weight
Sector / Theme
YTD
Contrib
Thesis
1
LMT
Lockheed Martin
9.00%
Defense
+12.7%
+1.15%
Prime — missiles, F-35, hypersonics
2
RTX
RTX Corp
8.00%
Defense
+7.1%
+0.57%
Prime — missiles + engines + radar
3
GD
General Dynamics
7.00%
Defense
+6.5%
+0.46%
Subs, combat systems, Gulfstream
4
NOC
Northrop Grumman
8.00%
Defense
−6.5%
−0.52%
B-21, space, missile defense
5
HII
Huntington Ingalls
5.00%
Defense
−17.8%
−0.90%
Sole builder of US carriers
6
LHX
L3Harris
6.00%
Defense
−14.8%
−0.90%
Comms, ISR, munitions
7
HWM
Howmet Aerospace
6.00%
Aerospace
+11.1%
+0.67%
Engine + airframe structures
8
TDG
TransDigm
5.00%
Aerospace
−16.6%
−0.83%
Proprietary aftermarket parts
9
GE
GE Aerospace
5.00%
Aerospace
+3.8%
+0.19%
Engines — install-base moat
10
PLTR
Palantir
6.00%
Defense/AI
+3.0%
+0.18%
AIP / Gotham — the software layer
11
AXON
Axon Enterprise
5.00%
Defense/AI
−20.4%
−1.03%
Tasers, body-cams, cloud
12
KTOS
Kratos Defense
5.00%
Defense
−36.0%
−1.81%
Drones, hypersonics, targets
13
AVAV
AeroVironment
5.00%
Defense
−33.5%
−1.68%
Small UAS + loitering munitions
14
DRS
Leonardo DRS
3.00%
Defense
+12.0%
+0.36%
Counter-drone + short-range air defense
15
BWXT
BWX Technologies
4.00%
Defense
−14.3%
−0.58%
Naval nuclear reactors
16
LDOS
Leidos
4.00%
Defense
−28.3%
−1.14%
IT/services to the Pentagon
17
SGOV
iShares 0-3M Treasury ETF
4.00%
Fixed Income / Cash
+2.6%
+0.11%
T-bill cash buffer
18
IAU
iShares Gold
4.50%
Gold
+0.6%
+0.03%
Real-asset hedge
TOTAL
99.50%
Capital Wealth Conservative · $50K · Capital-First
Capital preservation first — a 35 / 50 / 15 split of quality dividend equity, Treasuries/TIPS/investment-grade & muni bonds, and T-bills. Inflation-aware ballast engineered for shallow drawdowns near or in retirement. The book behind the hub’s Conservative tier. Portal-synced via slug conservative_core. Performance (current weights, Sep 21 close): YTD +5.5% · 1-yr +7.4% · 5-yr annualized +4.4% · 2022 stress −4.7% vs S&P 500 −18.2%.
#
Ticker
Name
Weight
Sector / Theme
YTD
Contrib
Thesis
1
SCHD
Schwab US Dividend Equity ETF
9.74%
Dividend Equity
+25.0%
+2.44%
Quality dividend core
2
JNJ
Johnson & Johnson
3.41%
Health
+32.3%
+1.11%
Defensive healthcare compounder
3
PG
Procter & Gamble
3.41%
Staples
+4.2%
+0.14%
Consumer staples anchor
4
KO
Coca-Cola
2.92%
Staples
+27.0%
+0.79%
Global staple, dividend king
5
PEP
PepsiCo
2.92%
Staples
−7.0%
−0.20%
Snacks + beverages, low beta
6
ABBV
AbbVie
2.92%
Pharma
+18.5%
+0.54%
High-yield pharma
7
DUK
Duke Energy
2.92%
Utilities
+2.2%
+0.06%
Regulated utility income
8
NEE
NextEra Energy
2.92%
Utilities
+1.4%
+0.04%
Utility + renewables
9
VZ
Verizon
1.95%
Telecom
+22.9%
+0.45%
High-yield telecom
10
BRK.B
Berkshire Hathaway
0.97%
Conglom
−0.1%
−0.00%
Cash-rich ballast
11
BND
Vanguard Total Bond ETF
11.69%
Bonds
−1.0%
−0.12%
Core aggregate bond
12
IEF
iShares 7-10Y Treasury
7.79%
Treasury
−2.7%
−0.21%
Intermediate Treasuries
14
VTIP
Vanguard Short-Term TIPS
14.64%
Treasury
+1.2%
+0.18%
Sep 1 — moved from TIP: same inflation link, a third of the duration (TIP +0.3% vs VTIP +1.8% YTD; the drag was real yields repricing, not the CPI accrual)
15
TLT
iShares 20Y+ Treasury
4.87%
Treasury
−3.3%
−0.16%
Long-duration ballast
16
VCIT
Vanguard Interm Corp Bond
4.87%
Bonds
−1.5%
−0.07%
Investment-grade credit
17
MUB
iShares National Muni Bond
4.87%
Bonds
−1.9%
−0.09%
Tax-free muni income
18
SGOV
iShares 0-3M Treasury ETF
6.82%
Cash
+2.6%
+0.18%
T-bill anchor
19
BIL
SPDR 1-3M T-Bill
4.87%
Cash
+2.6%
+0.13%
Cash equivalent
TOTAL
99.50%
+
PM
Philip Morris Intl
1.50%
Tobacco / Defensive
+18.9%
+0.28%
Zyn / IQOS — 41% of 2025 sales now smoke-free (WSJ, Jul 10 2026)
+
BTI
British American Tobacco
1.00%
Tobacco / Defensive
+1.3%
+0.01%
Vuse / Velo Plus; US pouch share 6.7%→16.2% in 2025 (Jefferies)
+
USFR
WisdomTree Floating Rate Treasury
2.50%
Income / Rates
+2.9%
+0.07%
NEW Aug 22 — floating coupon resets UP if the Fed hikes; prediction markets price ~30% odds for Sept, 86% odds of zero cuts in 2026 (WSJ Aug 21–22)
Capital Wealth Dividends · $50K · Income
A tight $50K income book — a dividend-ETF core (SCHD/DGRO/VYM), quality payers, and higher-yield income (JEPI/O/MLPs/BDC) for a ~4% blended yield, with a short-duration ballast. Portal-synced via slug dividends_50k. Performance (current weights, Sep 21 close): YTD +12.0% · 1-yr +13.6% · 5-yr annualized +11.6% · 2022 stress −0.0% vs S&P 500 −18.2%.
#
Ticker
Name
Weight
Sector / Theme
YTD
Contrib
Thesis
1
SCHD
Schwab US Dividend Equity ETF
10.50%
Dividend Equity
+25.0%
+2.63%
Quality dividend core ETF
2
DGRO
iShares Core Dividend Growth ETF
7.00%
Dividend Growth
+12.6%
+0.89%
Dividend growth ETF
3
VYM
Vanguard High Dividend Yield ETF
5.00%
Dividend Equity
+13.1%
+0.66%
High-yield dividend ETF
4
JNJ
Johnson & Johnson
4.00%
Health
+32.3%
+1.30%
Defensive healthcare compounder
5
PG
Procter & Gamble
4.00%
Staples
+4.2%
+0.17%
Consumer staples anchor
6
ABBV
AbbVie
4.00%
Pharma
+18.5%
+0.74%
High-yield pharma
7
KO
Coca-Cola
3.00%
Staples
+27.0%
+0.82%
Dividend king
8
PEP
PepsiCo
3.00%
Staples
−7.0%
−0.21%
Snacks + beverages, low beta
9
JPM
JPMorgan
3.00%
Banks
+10.8%
+0.33%
Best-in-class bank dividend
10
HD
Home Depot
3.50%
Retail
−11.8%
−0.41%
Retail dividend grower
11
CAT
Caterpillar
3.50%
Industrial
+43.4%
+1.53%
Industrial cyclical dividend
12
JEPI
JPMorgan Equity Premium Income ETF
7.00%
Covered Call
+4.4%
+0.31%
Covered-call monthly income
13
O
Realty Income
5.00%
REIT
+4.0%
+0.20%
Monthly-pay net-lease REIT
14
ENB
Enbridge
5.00%
Midstream
+4.9%
+0.24%
Midstream high yield
15
MAIN
Main Street Capital
6.00%
BDC
−1.2%
−0.07%
BDC monthly dividend
16
MPLX
MPLX LP
3.00%
Midstream
+17.2%
+0.52%
MLP distribution
17
VZ
Verizon
3.00%
Telecom
+22.9%
+0.69%
High-yield telecom
18
SGOV
iShares 0-3M Treasury ETF
7.50%
Cash
+2.6%
+0.20%
T-bill cash buffer
19
VTIP
Vanguard Short-Term TIPS ETF
4.00%
Treasury
+1.2%
+0.05%
Sep 1 — moved from TIP: same inflation link, a third of the duration (TIP +0.3% vs VTIP +1.8% YTD; the drag was real yields repricing, not the CPI accrual)
NEW Jul 11 — ZYN smoke-free growth + ~3% yield; Siegel: the original S&P 500’s best performer
TOTAL
99.50%
+
BTI
British American Tobacco
1.50%
Tobacco / Defensive
+1.3%
+0.02%
Vuse / Velo Plus; US pouch share 6.7%→16.2% in 2025 (Jefferies)
Capital Wealth ETF Midterm · $50K · Broad-Market Tilt
The all-ETF expression of the midterm posture (Nov 2026) — the same tilt the single-name Midterm Election Dividend books run, built entirely from low-cost index ETFs so it can be implemented in any account with open-market access. Quality and dividend tilts over the core, three defensive sectors, real assets against the fiscal risk, and deliberately short duration on the bond side. Written to be reversed once the vote resolves. Portal-synced via slug etf_midterm. See The Midterm Shift for the thesis and the exit conditions.
#
Ticker
Name
Weight
Sector / Theme
YTD
Contrib
Thesis
1
VOO
Vanguard S&P 500 ETF
19.50%
Core US
+14.3%
+2.81%
Core index that does not move for an election
2
VTV
Vanguard Value ETF
12.00%
Value
+17.4%
+2.10%
Cheaper earnings yield; holds up when multiples compress
3
VO
Vanguard Mid-Cap ETF
6.00%
Mid Cap
+11.8%
+0.71%
Domestic, less policy-sensitive than mega-cap
4
VIG
Vanguard Dividend Appreciation
9.00%
Dividend Growth
+9.3%
+0.84%
Ten-year raisers — a quality screen in income clothing
5
VYM
Vanguard High Dividend Yield
7.00%
Dividend Yield
+13.1%
+0.92%
The income half of the tilt; falls less in drawdowns
6
VDC
Vanguard Consumer Staples
6.00%
Staples
+6.7%
+0.40%
Demand that does not consult the ballot
7
VPU
Vanguard Utilities
5.00%
Utilities
−2.9%
−0.14%
Defensive, and the least speculative way to own AI power
8
VHT
Vanguard Health Care
5.00%
Health
+11.3%
+0.57%
Cheap because of election headline risk — sized small on purpose
9
VEA
Vanguard Developed Markets
8.00%
Intl Developed
+16.8%
+1.35%
Cheaper starting multiple, softer dollar
10
VWO
Vanguard Emerging Markets
3.00%
Intl EM
+14.1%
+0.42%
Small, deliberate, uncorrelated to the US cycle
11
VDE
Vanguard Energy
4.00%
Energy
+41.6%
+1.67%
Hedge for what November does not settle: deficits
12
VNQ
Vanguard Real Estate
3.00%
Real Estate
+8.1%
+0.24%
Hedges something the rest of the book does not
13
SGOV
iShares 0-3M Treasury ETF
6.00%
T-Bills
+2.6%
+0.16%
Sep 1 — moved from VTIP: T-bills out-yield short TIPS (+2.4% vs +1.8% YTD) while the Fed holds or hikes; zero price risk into the vote
14
BSV
Vanguard Short-Term Bond
6.00%
Short Bond
−0.0%
−0.00%
Short on purpose — the safe sleeve must not be the risk
TOTAL
99.50%
+12.95%
Capital Wealth ETF Midterm · $100K · Broad-Market Tilt
The $100K tier of the all-ETF midterm posture — the $50K core broadened with a dedicated small-cap line, international small-caps and a gold sleeve, and the bond side split across TIPS, Treasuries and short credit. Same tilt, same exit conditions — written to be reversed once the vote resolves. Portal-synced via slug etf_midterm_100k. See The Midterm Shift for the thesis.
#
Ticker
Name
Weight
Sector / Theme
YTD
Contrib
Thesis
1
VOO
Vanguard S&P 500 ETF
17.00%
Core US
+14.3%
+2.45%
Core index that does not move for an election
2
VTV
Vanguard Value ETF
11.00%
Value
+17.4%
+1.93%
Cheaper earnings yield; holds up when multiples compress
3
VO
Vanguard Mid-Cap ETF
5.00%
Mid Cap
+11.8%
+0.59%
Domestic, less policy-sensitive than mega-cap
4
VB
Vanguard Small-Cap ETF
4.00%
Small Cap
+13.6%
+0.55%
Size exposure the $50K tier reaches only indirectly
5
VIG
Vanguard Dividend Appreciation
8.00%
Dividend Growth
+9.3%
+0.75%
Ten-year raisers — a quality screen in income clothing
6
VYM
Vanguard High Dividend Yield
6.50%
Dividend Yield
+13.1%
+0.85%
The income half of the tilt; falls less in drawdowns
7
VDC
Vanguard Consumer Staples
5.50%
Staples
+6.7%
+0.37%
Demand that does not consult the ballot
8
VPU
Vanguard Utilities
4.50%
Utilities
−2.9%
−0.13%
Defensive, and the least speculative way to own AI power
9
VHT
Vanguard Health Care
4.50%
Health
+11.3%
+0.51%
Cheap because of election headline risk — sized small on purpose
10
VEA
Vanguard Developed Markets
7.00%
Intl Developed
+16.8%
+1.18%
Cheaper starting multiple, softer dollar
11
VWO
Vanguard Emerging Markets
3.00%
Intl EM
+14.1%
+0.42%
Small, deliberate, uncorrelated to the US cycle
12
VSS
Vanguard FTSE All-World ex-US Small
2.00%
Intl Small
+11.8%
+0.24%
Breadth outside the US mega-caps
13
VDE
Vanguard Energy
4.00%
Energy
+41.6%
+1.67%
Hedge for what November does not settle: deficits
14
VNQ
Vanguard Real Estate
3.00%
Real Estate
+8.1%
+0.24%
Hedges something the rest of the book does not
15
IAU
iShares Gold Trust
3.00%
Gold
+0.6%
+0.02%
The standing hedge for the year growth stalls
16
SGOV
iShares 0-3M Treasury ETF
5.00%
T-Bills
+2.6%
+0.13%
Sep 1 — moved from VTIP: T-bills out-yield short TIPS (+2.4% vs +1.8% YTD) while the Fed holds or hikes; zero price risk into the vote
17
BSV
Vanguard Short-Term Bond
4.00%
Short Bond
−0.0%
−0.00%
Short on purpose — the safe sleeve must not be the risk
18
VCSH
Vanguard Short-Term Corporate
2.50%
Short Credit
+0.4%
+0.01%
A little spread, still inside two years of duration
TOTAL
99.50%
+12.92%
Capital Wealth ETF Midterm · $250K · Broad-Market Tilt
The $250K tier — the same posture at finer resolution: the value tilt carried down into small-caps, international income split between yield and dividend growth, and the first rung of a real bond ladder. Same tilt, same exit conditions — written to be reversed once the vote resolves. Portal-synced via slug etf_midterm_250k. See The Midterm Shift for the thesis.
#
Ticker
Name
Weight
Sector / Theme
YTD
Contrib
Thesis
1
VOO
Vanguard S&P 500 ETF
15.00%
Core US
+14.3%
+2.16%
Core index that does not move for an election
2
VTV
Vanguard Value ETF
10.00%
Value
+17.4%
+1.75%
Cheaper earnings yield; holds up when multiples compress
3
VO
Vanguard Mid-Cap ETF
4.50%
Mid Cap
+11.8%
+0.53%
Domestic, less policy-sensitive than mega-cap
4
VB
Vanguard Small-Cap ETF
3.00%
Small Cap
+13.6%
+0.41%
Size exposure, held through the chop
5
VBR
Vanguard Small-Cap Value
2.50%
Small Value
+13.7%
+0.34%
The value tilt carried down the size scale
6
VIG
Vanguard Dividend Appreciation
7.50%
Dividend Growth
+9.3%
+0.70%
Ten-year raisers — a quality screen in income clothing
7
VYM
Vanguard High Dividend Yield
6.00%
Dividend Yield
+13.1%
+0.79%
The income half of the tilt
8
VYMI
Vanguard Intl High Dividend Yield
2.50%
Intl Dividend
+18.8%
+0.47%
Income that is not priced in dollars
9
VIGI
Vanguard Intl Dividend Appreciation
1.50%
Intl Div Growth
+7.5%
+0.11%
The quality screen, applied outside the US
10
VDC
Vanguard Consumer Staples
5.00%
Staples
+6.7%
+0.34%
Demand that does not consult the ballot
11
VPU
Vanguard Utilities
4.00%
Utilities
−2.9%
−0.11%
Defensive, and the least speculative way to own AI power
12
VHT
Vanguard Health Care
4.00%
Health
+11.3%
+0.45%
Cheap because of election headline risk
13
VEA
Vanguard Developed Markets
6.50%
Intl Developed
+16.8%
+1.10%
Cheaper starting multiple, softer dollar
14
VWO
Vanguard Emerging Markets
3.00%
Intl EM
+14.1%
+0.42%
Small, deliberate, uncorrelated to the US cycle
15
VSS
Vanguard FTSE All-World ex-US Small
2.00%
Intl Small
+11.8%
+0.24%
Breadth outside the US mega-caps
16
VDE
Vanguard Energy
3.50%
Energy
+41.6%
+1.46%
Hedge for what November does not settle
17
VNQ
Vanguard Real Estate
3.00%
Real Estate
+8.1%
+0.24%
Hedges something the rest of the book does not
18
IAU
iShares Gold Trust
3.00%
Gold
+0.6%
+0.02%
The standing hedge for the year growth stalls
19
SGOV
iShares 0-3M Treasury ETF
4.50%
T-Bills
+2.6%
+0.12%
Sep 1 — moved from VTIP: T-bills out-yield short TIPS (+2.4% vs +1.8% YTD) while the Fed holds or hikes; zero price risk into the vote
20
BSV
Vanguard Short-Term Bond
3.50%
Short Bond
−0.0%
−0.00%
Short on purpose
21
VCSH
Vanguard Short-Term Corporate
2.50%
Short Credit
+0.4%
+0.01%
A little spread, still short
22
VGIT
Vanguard Intermediate Treasury
2.50%
Treasury
−1.9%
−0.05%
The first rung of a ladder the smaller tiers cannot build
TOTAL
99.50%
+12.67%
Capital Wealth ETF Midterm · $500K · Broad-Market Tilt
The $500K tier — the fullest expression: value at mid- and small-cap, international income on both screens, materials alongside energy, global real estate beside domestic, and a three-rung Treasury ladder. Same tilt, same exit conditions — written to be reversed once the vote resolves. Portal-synced via slug etf_midterm_500k. See The Midterm Shift for the thesis.
#
Ticker
Name
Weight
Sector / Theme
YTD
Contrib
Thesis
1
VOO
Vanguard S&P 500 ETF
12.50%
Core US
+14.3%
+1.80%
Core index that does not move for an election
2
VTV
Vanguard Value ETF
9.00%
Value
+17.4%
+1.58%
Cheaper earnings yield; holds up when multiples compress
3
VOE
Vanguard Mid-Cap Value
3.00%
Mid Value
+15.1%
+0.45%
The value tilt expressed in the middle of the market
4
VO
Vanguard Mid-Cap ETF
4.00%
Mid Cap
+11.8%
+0.47%
Domestic, less policy-sensitive than mega-cap
5
VB
Vanguard Small-Cap ETF
3.00%
Small Cap
+13.6%
+0.41%
Size exposure, held through the chop
6
VBR
Vanguard Small-Cap Value
2.50%
Small Value
+13.7%
+0.34%
The value tilt carried down the size scale
7
VIG
Vanguard Dividend Appreciation
7.00%
Dividend Growth
+9.3%
+0.66%
Ten-year raisers — quality in income clothing
8
VYM
Vanguard High Dividend Yield
5.50%
Dividend Yield
+13.1%
+0.72%
The income half of the tilt
9
VIGI
Vanguard Intl Dividend Appreciation
2.00%
Intl Div Growth
+7.5%
+0.15%
The quality screen, applied outside the US
10
VYMI
Vanguard Intl High Dividend Yield
2.50%
Intl Dividend
+18.8%
+0.47%
Income that is not priced in dollars
11
VDC
Vanguard Consumer Staples
4.50%
Staples
+6.7%
+0.30%
Demand that does not consult the ballot
12
VPU
Vanguard Utilities
3.50%
Utilities
−2.9%
−0.10%
Defensive, and AI power demand without the speculation
13
VHT
Vanguard Health Care
3.50%
Health
+11.3%
+0.40%
Cheap because of election headline risk
14
VEA
Vanguard Developed Markets
6.00%
Intl Developed
+16.8%
+1.01%
Cheaper starting multiple, softer dollar
15
VWO
Vanguard Emerging Markets
2.50%
Intl EM
+14.1%
+0.35%
Small, deliberate, uncorrelated to the US cycle
16
VSS
Vanguard FTSE All-World ex-US Small
2.00%
Intl Small
+11.8%
+0.24%
Breadth outside the US mega-caps
17
VDE
Vanguard Energy
3.50%
Energy
+41.6%
+1.46%
Hedge for what November does not settle
18
VAW
Vanguard Materials
2.00%
Materials
+8.4%
+0.17%
Real-asset adjacency the smaller tiers cannot afford a line for
19
VNQ
Vanguard Real Estate
2.50%
Real Estate
+8.1%
+0.20%
Hedges something the rest of the book does not
20
VNQI
Vanguard Global ex-US Real Estate
1.50%
Intl Real Estate
−4.7%
−0.07%
Property risk that is not a US rates bet
21
IAU
iShares Gold Trust
3.00%
Gold
+0.6%
+0.02%
The standing hedge for the year growth stalls
22
SGOV
iShares 0-3M Treasury ETF
4.00%
T-Bills
+2.6%
+0.11%
Sep 1 — moved from VTIP: T-bills out-yield short TIPS (+2.4% vs +1.8% YTD) while the Fed holds or hikes; zero price risk into the vote
23
BSV
Vanguard Short-Term Bond
3.00%
Short Bond
−0.0%
−0.00%
Short on purpose
24
VCSH
Vanguard Short-Term Corporate
2.50%
Short Credit
+0.4%
+0.01%
A little spread, still short
25
VGIT
Vanguard Intermediate Treasury
2.50%
Treasury
−1.9%
−0.05%
The middle rung of the ladder
26
VGSH
Vanguard Short-Term Treasury
2.00%
Treasury
+0.6%
+0.01%
The closest thing to cash on an all-ETF menu
TOTAL
99.50%
+12.49%
Capital Wealth Midterm Election Dividend · $50K · Defensive Income
The midterm-election book (Nov 2026) — defensive dividend payers (staples, healthcare, utilities, telecom) to ride out pre-election chop, paired with consumer-discretionary dividend growers positioned for the historical post-midterm relief rally, over a T-bill/gold ballast. Portal-synced via slug midterm_dividend_50k. Performance (baked, Sep 16 close): 1-yr +14.9% · annualized since Sep 2021 (5.0 yrs) +11.6% · 2022 calendar year +6.5% vs S&P 500 −18.2% · max drawdown −10.1% vs S&P 500 −24.5% over the same window · beta 0.37.Sep 1 2026 rebuild: consumer-discretionary payers trimmed by about a third (nothing exited — gas at $4.30 is their customer's problem), funding defensive adds (GILD, PFE, CHD at 2% and a dividend-paying quality-tech pair (MSFT, AVGO) at 2%). Sep 15 2026: energy sleeve doubled from 4.5% to 9.0% — XOM, COP, EOG, DVN, FANG, EPD, OKE, KMI, ENB added at 0.5% each, with Brent near $107 — and an industrials seat added (UNP, HON, LMT, GD at 2% each), funded pro rata from staples and utilities (26.8% → 14.3% of the book). JNJ trimmed from 5.48% to the 5% house cap; the 0.48% went to SGOV. Sep 16 2026 — repositioned for low volatility and income into Nov 3, the afternoon the Fed raised to 3.75–4.00%: T-bills raised to 14.9% with the money from the exits — the reserve for the letter’s buys at −8%, −12% and on Nov 3, in thirds; the Sep 15 producer seats out (XOM, COP, EOG, DVN, FANG) — not chasing oil; the high-volatility names that pay nothing before Nov 3 out (GPC, TGT, AVGO); PFE trimmed per the Aug 13 decision; the 0.5% pipeline seats consolidated into KMI and OKE at 1% (EPD, ENB out); PNC and USB added (both pay before Nov 3); gold halved; every other seat unchanged. Approx. blended dividend yield ≈ 2.6% (holdings-weighted trailing 12-month yield, Yahoo Finance, computed 2026-09-16 by scripts/build-dividend-yields.js; covers 100% of book weight).
#
Ticker
Name
Weight
Sector / Theme
YTD
Contrib
Thesis
1
PG
Procter & Gamble
2.66%
Staples
+4.2%
+0.11%
Staples anchor — election-proof demand
2
KO
Coca-Cola
2.12%
Staples
+27.0%
+0.58%
Dividend king, global staple
3
PEP
PepsiCo
2.12%
Staples
−7.0%
−0.15%
Snacks + beverages, low beta
4
CL
Colgate-Palmolive
1.86%
Staples
+11.2%
+0.21%
Dividend king — 60+ yrs of raises
5
JNJ
Johnson & Johnson
5.00%
Health
+32.3%
+1.62%
Defensive healthcare compounder
6
ABBV
AbbVie
4.47%
Pharma
+18.5%
+0.83%
High-yield pharma
7
MRK
Merck
3.97%
Pharma
+45.0%
+1.79%
REINFORCED Aug 22 — partner on Moderna’s melanoma-vaccine breakthrough, without the 177% squeeze. Keytruda cash flow, defensive pharma
8
AMGN
Amgen
3.48%
Pharma
+22.6%
+0.79%
Biotech dividend grower
9
SO
Southern Company
1.59%
Utilities
+0.4%
+0.01%
Regulated utility + data-center load
10
DUK
Duke Energy
1.59%
Utilities
+2.2%
+0.04%
Regulated utility income
11
AEP
American Electric Power
1.32%
Utilities
+6.5%
+0.09%
Transmission backbone, regulated
12
VZ
Verizon
2.48%
Telecom
+22.9%
+0.57%
High-yield telecom
13
WM
Waste Management
3.48%
Defensive Services
−4.6%
−0.16%
Waste — recession & election-proof
14
MCD
McDonald's
3.48%
Consumer Disc.
−17.3%
−0.61%
Aristocrat — trade-down winner
15
HD
Home Depot
3.48%
Consumer Disc.
−11.8%
−0.41%
Home-improvement dividend grower
16
LOW
Lowe's
2.48%
Consumer Disc.
−19.6%
−0.49%
Housing turnover optionality + buybacks
17
TJX
TJX Companies
2.48%
Consumer Disc.
−14.0%
−0.35%
Off-price wins when wallets tighten
18
SBUX
Starbucks
1.99%
Consumer Disc.
+14.7%
+0.29%
Turnaround + growing dividend
19
YUM
Yum! Brands
1.99%
Consumer Disc.
−6.6%
−0.13%
Franchised, asset-light royalty stream
20
SGOV
iShares 0-3M Treasury ETF
14.90%
Cash
+2.6%
+0.39%
T-bill buffer for election volatility
21
IAU
iShares Gold
1.99%
Gold
+0.6%
+0.01%
Gold hedge against policy shock
TOTAL
99.50%
+
PM
Philip Morris Intl
2.00%
Tobacco / Defensive
+18.9%
+0.38%
Zyn / IQOS — 41% of 2025 sales now smoke-free (WSJ, Jul 10 2026)
+
BTI
British American Tobacco
1.50%
Tobacco / Defensive
+1.3%
+0.02%
Vuse / Velo Plus; US pouch share 6.7%→16.2% in 2025 (Jefferies)
+
CB
Chubb
1.50%
Financials / Insurance
+9.0%
+0.14%
P&C float reinvested at 4.6% — rate tailwind with no credit cycle
+
AFL
Aflac
1.50%
Financials / Insurance
+6.1%
+0.09%
Supplemental insurer, low beta, decades of dividend growth
+
CME
CME Group
1.50%
Financials / Exchange
+4.3%
+0.07%
Earns more when volatility rises — and interest on margin balances
+
CVX
Chevron
2.50%
Energy / Dividend
+37.4%
+0.94%
NEW Aug 9 — record $14.5B quarter, dividend covered ~2x. The dividend book’s missing energy sleeve (WSJ, Aug 3–7 2026)
+
WMB
Williams Companies
2.00%
Energy / Midstream
+21.8%
+0.44%
WATCH Aug 22 — off-grid turbine failures at 3 of 4 U.S. sites; falsifier on file. NEW Aug 9 — fee-based pipeline tolls, covered distribution, indifferent to pump-price politics (WSJ, Aug 7 2026)
+
DG
Dollar General
1.00%
Consumer / Defensive
−6.9%
−0.07%
NEW Aug 28 — the value-shopper defensive: Q2 sales +5.2% to $11.29B, profit $550.3M vs $411.4M; dividend covered with room to spare (WSJ, Aug 28 2026)
+
GILD
Gilead Sciences
2.00%
Healthcare
+24.9%
+0.50%
NEW Sep 1 — HIV-franchise cash flow, dividend grower; healthcare is the defensive that is actually being paid (+20% YTD)
+
CHD
Church & Dwight
1.07%
Staples
+15.0%
+0.16%
NEW Sep 1 — Arm & Hammer household staples, 30 years of raises
+
MSFT
Microsoft
2.00%
Quality Tech / Dividend
+4.4%
+0.09%
NEW Sep 1 — dividend-paying quality-tech sleeve: the earnings engine the book lacked, sized so it cannot lead a selloff
+
OKE
ONEOK
1.00%
Energy / Midstream
+29.6%
+0.30%
NEW Sep 15 — energy sleeve doubled: midstream C-corp (1099)
+
KMI
Kinder Morgan
1.00%
Energy / Midstream
+18.7%
+0.19%
NEW Sep 15 — energy sleeve doubled: natural-gas pipelines, C-corp (1099)
+
UNP
Union Pacific
2.00%
Defense/Industrial
+18.3%
+0.37%
NEW Sep 15 — industrials seat: freight rail
+
HON
Honeywell
2.00%
Defense/Industrial
+2.3%
+0.05%
NEW Sep 15 — industrials seat: diversified industrial
+
LMT
Lockheed Martin
2.00%
Defense/Industrial
+12.7%
+0.26%
NEW Sep 15 — industrials seat: defense prime
+
GD
General Dynamics
2.00%
Defense/Industrial
+6.5%
+0.13%
NEW Sep 15 — industrials seat: defense prime
+
PNC
PNC Financial Services
1.00%
Financials / Bank
+14.4%
+0.14%
NEW Sep 16 — regional bank paid before Nov 3 (ex-date ~Oct 25); 3.5% yield, 22% vol
+
USB
U.S. Bancorp
1.00%
Financials / Bank
+15.4%
+0.15%
NEW Sep 16 — bank paid before Nov 3 (ex-date ~Sep 30); 3.3% yield, 23% vol
Capital Wealth Midterm Election Dividend · $100K · Defensive Income
The $100K tier of the midterm-election book (Nov 2026) — the $50K core broadened with dividend-king staples (KMB/GIS), a regulated-utility aristocrat (ED) and value dining (DRI). Defensive payers ride the pre-election chop; discretionary dividend growers catch the post-midterm rally. Portal-synced via slug midterm_dividend_100k. Performance (baked, Sep 16 close): 1-yr +13.7% · annualized since Sep 2021 (5.0 yrs) +11.3% · 2022 calendar year +6.8% vs S&P 500 −18.2% · max drawdown −10.0% vs S&P 500 −24.5% over the same window · beta 0.37.Sep 1 2026 rebuild: consumer-discretionary payers trimmed by about a third (nothing exited — gas at $4.30 is their customer's problem), funding defensive adds (GILD, PFE, CHD at 2% and a dividend-paying quality-tech pair (MSFT, AVGO) at 2%). Sep 15 2026: energy sleeve doubled from 4.5% to 9.0% — XOM, COP, EOG, DVN, FANG, EPD, OKE, KMI, ENB added at 0.5% each, with Brent near $107 — and an industrials seat added (UNP, HON, LMT, GD at 2% each), funded pro rata from staples and utilities (31.1% → 18.6% of the book). Sep 16 2026 — repositioned for low volatility and income into Nov 3, the afternoon the Fed raised to 3.75–4.00%: T-bills raised to 13.6% with the money from the exits — the reserve for the letter’s buys at −8%, −12% and on Nov 3, in thirds; the Sep 15 producer seats out (XOM, COP, EOG, DVN, FANG) — not chasing oil; the high-volatility names that pay nothing before Nov 3 out (GPC, TGT, AVGO); PFE trimmed per the Aug 13 decision; the 0.5% pipeline seats consolidated into KMI and OKE at 1% (EPD, ENB out); PNC and USB added (both pay before Nov 3); gold halved; every other seat unchanged. Approx. blended dividend yield ≈ 2.7% (holdings-weighted trailing 12-month yield, Yahoo Finance, computed 2026-09-16 by scripts/build-dividend-yields.js; covers 100% of book weight).
#
Ticker
Name
Weight
Sector / Theme
YTD
Contrib
Thesis
1
PG
Procter & Gamble
2.96%
Staples
+4.2%
+0.12%
Staples anchor — election-proof demand
2
KO
Coca-Cola
2.36%
Staples
+27.0%
+0.64%
Dividend king, global staple
3
PEP
PepsiCo
2.07%
Staples
−7.0%
−0.14%
Snacks + beverages, low beta
4
CL
Colgate-Palmolive
1.77%
Staples
+11.2%
+0.20%
Dividend king — 60+ yrs of raises
5
KMB
Kimberly-Clark
1.48%
Staples
+0.6%
+0.01%
Aristocrat — tissue & diapers staple
6
GIS
General Mills
1.48%
Staples
−20.1%
−0.30%
Packaged food, steady payer
7
JNJ
Johnson & Johnson
4.94%
Health
+32.3%
+1.60%
Defensive healthcare compounder
8
ABBV
AbbVie
3.95%
Pharma
+18.5%
+0.73%
High-yield pharma
9
MRK
Merck
3.45%
Pharma
+45.0%
+1.56%
REINFORCED Aug 22 — partner on Moderna’s melanoma-vaccine breakthrough, without the 177% squeeze. Keytruda cash flow, defensive pharma
10
AMGN
Amgen
2.96%
Pharma
+22.6%
+0.67%
Biotech dividend grower
11
SO
Southern Company
1.48%
Utilities
+0.4%
+0.01%
Regulated utility + data-center load
12
DUK
Duke Energy
1.48%
Utilities
+2.2%
+0.03%
Regulated utility income
13
AEP
American Electric Power
1.18%
Utilities
+6.5%
+0.08%
Transmission backbone, regulated
14
ED
Consolidated Edison
1.18%
Utilities
+7.1%
+0.08%
Aristocrat — regulated NYC utility
15
VZ
Verizon
1.97%
Telecom
+22.9%
+0.45%
High-yield telecom
16
WM
Waste Management
3.45%
Defensive Services
−4.6%
−0.16%
Waste — recession & election-proof
17
MCD
McDonald's
2.96%
Consumer Disc.
−17.3%
−0.51%
Aristocrat — trade-down winner
18
HD
Home Depot
2.96%
Consumer Disc.
−11.8%
−0.35%
Home-improvement dividend grower
19
LOW
Lowe's
2.47%
Consumer Disc.
−19.6%
−0.49%
Housing turnover optionality + buybacks
20
TJX
TJX Companies
2.47%
Consumer Disc.
−14.0%
−0.35%
Off-price wins when wallets tighten
21
SBUX
Starbucks
1.48%
Consumer Disc.
+14.7%
+0.22%
Turnaround + growing dividend
22
YUM
Yum! Brands
1.97%
Consumer Disc.
−6.6%
−0.13%
Franchised, asset-light royalty stream
23
DRI
Darden Restaurants
0.99%
Consumer Disc.
+17.5%
+0.17%
Olive Garden — value dining resilience
24
SGOV
iShares 0-3M Treasury ETF
13.61%
Cash
+2.6%
+0.36%
T-bill buffer for election volatility
25
IAU
iShares Gold
1.73%
Gold
+0.6%
+0.01%
Gold hedge against policy shock
TOTAL
99.50%
+
PM
Philip Morris Intl
2.00%
Tobacco / Defensive
+18.9%
+0.38%
Zyn / IQOS — 41% of 2025 sales now smoke-free (WSJ, Jul 10 2026)
+
BTI
British American Tobacco
1.50%
Tobacco / Defensive
+1.3%
+0.02%
Vuse / Velo Plus; US pouch share 6.7%→16.2% in 2025 (Jefferies)
+
CB
Chubb
1.50%
Financials / Insurance
+9.0%
+0.14%
P&C float reinvested at 4.6% — rate tailwind with no credit cycle
+
AFL
Aflac
1.50%
Financials / Insurance
+6.1%
+0.09%
Supplemental insurer, low beta, decades of dividend growth
+
CME
CME Group
1.50%
Financials / Exchange
+4.3%
+0.07%
Earns more when volatility rises — and interest on margin balances
+
CVX
Chevron
2.50%
Energy / Dividend
+37.4%
+0.94%
NEW Aug 9 — record $14.5B quarter, dividend covered ~2x. The dividend book’s missing energy sleeve (WSJ, Aug 3–7 2026)
+
WMB
Williams Companies
2.00%
Energy / Midstream
+21.8%
+0.44%
WATCH Aug 22 — off-grid turbine failures at 3 of 4 U.S. sites; falsifier on file. NEW Aug 9 — fee-based pipeline tolls, covered distribution, indifferent to pump-price politics (WSJ, Aug 7 2026)
+
DG
Dollar General
1.00%
Consumer / Defensive
−6.9%
−0.07%
NEW Aug 28 — the value-shopper defensive: Q2 sales +5.2% to $11.29B, profit $550.3M vs $411.4M; dividend covered with room to spare (WSJ, Aug 28 2026)
+
GILD
Gilead Sciences
2.00%
Healthcare
+24.9%
+0.50%
NEW Sep 1 — HIV-franchise cash flow, dividend grower; healthcare is the defensive that is actually being paid (+20% YTD)
+
CHD
Church & Dwight
1.20%
Staples
+15.0%
+0.18%
NEW Sep 1 — Arm & Hammer household staples, 30 years of raises
+
MSFT
Microsoft
2.00%
Quality Tech / Dividend
+4.4%
+0.09%
NEW Sep 1 — dividend-paying quality-tech sleeve: the earnings engine the book lacked, sized so it cannot lead a selloff
+
OKE
ONEOK
1.00%
Energy / Midstream
+29.6%
+0.30%
NEW Sep 15 — energy sleeve doubled: midstream C-corp (1099)
+
KMI
Kinder Morgan
1.00%
Energy / Midstream
+18.7%
+0.19%
NEW Sep 15 — energy sleeve doubled: natural-gas pipelines, C-corp (1099)
+
UNP
Union Pacific
2.00%
Defense/Industrial
+18.3%
+0.37%
NEW Sep 15 — industrials seat: freight rail
+
HON
Honeywell
2.00%
Defense/Industrial
+2.3%
+0.05%
NEW Sep 15 — industrials seat: diversified industrial
+
LMT
Lockheed Martin
2.00%
Defense/Industrial
+12.7%
+0.26%
NEW Sep 15 — industrials seat: defense prime
+
GD
General Dynamics
2.00%
Defense/Industrial
+6.5%
+0.13%
NEW Sep 15 — industrials seat: defense prime
+
PNC
PNC Financial Services
1.00%
Financials / Bank
+14.4%
+0.14%
NEW Sep 16 — regional bank paid before Nov 3 (ex-date ~Oct 25); 3.5% yield, 22% vol
+
USB
U.S. Bancorp
1.00%
Financials / Bank
+15.4%
+0.15%
NEW Sep 16 — bank paid before Nov 3 (ex-date ~Sep 30); 3.3% yield, 23% vol
Capital Wealth Midterm Election Dividend · $250K · Defensive Income
The $250K tier of the midterm-election book (Nov 2026) — the $100K set widened with global snacking (MDLZ), a second high-yield telecom (T), another regulated utility (XEL), waste #2 (RSG) and a contrarian discretionary aristocrat (NKE). Portal-synced via slug midterm_dividend_250k. Performance (baked, Sep 16 close): 1-yr +12.8% · annualized since Sep 2021 (5.0 yrs) +11.3% · 2022 calendar year +7.0% vs S&P 500 −18.2% · max drawdown −10.3% vs S&P 500 −24.5% over the same window · beta 0.35.Sep 1 2026 rebuild: consumer-discretionary payers trimmed by about a third (nothing exited — gas at $4.30 is their customer's problem), funding defensive adds (GILD, PFE, CHD, SYY, ADM, PGR at 1% and a dividend-paying quality-tech sleeve (MSFT, AAPL, AVGO, TXN) at 1%). Sep 15 2026: energy sleeve doubled from 4.5% to 9.0% — XOM, COP, EOG, DVN, FANG, EPD, OKE, KMI, ENB added at 0.5% each, with Brent near $107 — and an industrials seat added (UNP, HON, LMT, GD at 1% each), funded pro rata from staples and utilities (34.6% → 26.1% of the book). Sep 16 2026 — repositioned for low volatility and income into Nov 3, the afternoon the Fed raised to 3.75–4.00%: T-bills raised to 11.4% with the money from the exits — the reserve for the letter’s buys at −8%, −12% and on Nov 3, in thirds; the Sep 15 producer seats out (XOM, COP, EOG, DVN, FANG) — not chasing oil; the high-volatility names that pay nothing before Nov 3 out (NKE, GPC, TGT, AVGO, TXN); PFE trimmed per the Aug 13 decision; PNC and USB added (both pay before Nov 3); gold halved; every other seat unchanged. Approx. blended dividend yield ≈ 2.8% (holdings-weighted trailing 12-month yield, Yahoo Finance, computed 2026-09-16 by scripts/build-dividend-yields.js; covers 100% of book weight).
#
Ticker
Name
Weight
Sector / Theme
YTD
Contrib
Thesis
1
PG
Procter & Gamble
2.63%
Staples
+4.2%
+0.11%
Staples anchor — election-proof demand
2
KO
Coca-Cola
2.23%
Staples
+27.0%
+0.61%
Dividend king, global staple
3
PEP
PepsiCo
2.23%
Staples
−7.0%
−0.16%
Snacks + beverages, low beta
4
CL
Colgate-Palmolive
2.23%
Staples
+11.2%
+0.25%
Dividend king — 60+ yrs of raises
5
KMB
Kimberly-Clark
1.86%
Staples
+0.6%
+0.01%
Aristocrat — tissue & diapers staple
6
GIS
General Mills
1.86%
Staples
−20.1%
−0.38%
Packaged food, steady payer
7
MDLZ
Mondelez
1.86%
Staples
+13.7%
+0.26%
Global snacking, dividend grower
8
JNJ
Johnson & Johnson
3.96%
Health
+32.3%
+1.29%
Defensive healthcare compounder
9
ABBV
AbbVie
3.45%
Pharma
+18.5%
+0.64%
High-yield pharma
10
MRK
Merck
2.96%
Pharma
+45.0%
+1.34%
REINFORCED Aug 22 — partner on Moderna’s melanoma-vaccine breakthrough, without the 177% squeeze. Keytruda cash flow, defensive pharma
11
AMGN
Amgen
2.96%
Pharma
+22.6%
+0.67%
Biotech dividend grower
12
SO
Southern Company
2.23%
Utilities
+0.4%
+0.01%
Regulated utility + data-center load
13
DUK
Duke Energy
1.86%
Utilities
+2.2%
+0.04%
Regulated utility income
14
AEP
American Electric Power
1.86%
Utilities
+6.5%
+0.12%
Transmission backbone, regulated
15
ED
Consolidated Edison
1.49%
Utilities
+7.1%
+0.11%
Aristocrat — regulated NYC utility
16
XEL
Xcel Energy
1.49%
Utilities
−0.5%
−0.01%
Regulated utility, dividend grower
17
VZ
Verizon
1.97%
Telecom
+22.9%
+0.45%
High-yield telecom
18
T
AT&T
1.97%
Telecom
+6.1%
+0.12%
High-yield telecom, deleveraged
19
WM
Waste Management
2.96%
Defensive Services
−4.6%
−0.14%
Waste — recession & election-proof
20
RSG
Republic Services
2.47%
Defensive Services
+1.8%
+0.05%
Waste #2 — recurring revenue
21
MCD
McDonald's
2.47%
Consumer Disc.
−17.3%
−0.43%
Aristocrat — trade-down winner
22
HD
Home Depot
2.47%
Consumer Disc.
−11.8%
−0.29%
Home-improvement dividend grower
23
LOW
Lowe's
1.48%
Consumer Disc.
−19.6%
−0.29%
Housing turnover optionality + buybacks
24
TJX
TJX Companies
1.48%
Consumer Disc.
−14.0%
−0.21%
Off-price wins when wallets tighten
25
SBUX
Starbucks
1.48%
Consumer Disc.
+14.7%
+0.22%
Turnaround + growing dividend
26
YUM
Yum! Brands
1.48%
Consumer Disc.
−6.6%
−0.10%
Franchised, asset-light royalty stream
27
DRI
Darden Restaurants
1.48%
Consumer Disc.
+17.5%
+0.26%
Olive Garden — value dining resilience
28
SGOV
iShares 0-3M Treasury ETF
11.40%
Cash
+2.6%
+0.30%
T-bill buffer for election volatility
29
IAU
iShares Gold
1.48%
Gold
+0.6%
+0.01%
Gold hedge against policy shock
TOTAL
99.50%
+
PM
Philip Morris Intl
2.00%
Tobacco / Defensive
+18.9%
+0.38%
Zyn / IQOS — 41% of 2025 sales now smoke-free (WSJ, Jul 10 2026)
+
BTI
British American Tobacco
1.50%
Tobacco / Defensive
+1.3%
+0.02%
Vuse / Velo Plus; US pouch share 6.7%→16.2% in 2025 (Jefferies)
+
CB
Chubb
1.50%
Financials / Insurance
+9.0%
+0.14%
P&C float reinvested at 4.6% — rate tailwind with no credit cycle
+
AFL
Aflac
1.50%
Financials / Insurance
+6.1%
+0.09%
Supplemental insurer, low beta, decades of dividend growth
+
CME
CME Group
1.50%
Financials / Exchange
+4.3%
+0.07%
Earns more when volatility rises — and interest on margin balances
+
CVX
Chevron
2.50%
Energy / Dividend
+37.4%
+0.94%
NEW Aug 9 — record $14.5B quarter, dividend covered ~2x. The dividend book’s missing energy sleeve (WSJ, Aug 3–7 2026)
+
WMB
Williams Companies
2.00%
Energy / Midstream
+21.8%
+0.44%
WATCH Aug 22 — off-grid turbine failures at 3 of 4 U.S. sites; falsifier on file. NEW Aug 9 — fee-based pipeline tolls, covered distribution, indifferent to pump-price politics (WSJ, Aug 7 2026)
+
DG
Dollar General
1.00%
Consumer / Defensive
−6.9%
−0.07%
NEW Aug 28 — the value-shopper defensive: Q2 sales +5.2% to $11.29B, profit $550.3M vs $411.4M; dividend covered with room to spare (WSJ, Aug 28 2026)
+
GILD
Gilead Sciences
1.00%
Healthcare
+24.9%
+0.25%
NEW Sep 1 — HIV-franchise cash flow, dividend grower; healthcare is the defensive that is actually being paid (+20% YTD)
+
CHD
Church & Dwight
0.75%
Staples
+15.0%
+0.11%
NEW Sep 1 — Arm & Hammer household staples, 30 years of raises
+
SYY
Sysco
0.75%
Staples
+8.7%
+0.07%
NEW Sep 1 — food distribution aristocrat; volume holds when menus shrink
+
ADM
Archer-Daniels-Midland
0.75%
Staples
+48.0%
+0.36%
NEW Sep 1 — ag staple, dividend king; the food side of the inflation trade
+
PGR
Progressive
1.00%
Financials / Insurance
−0.8%
−0.01%
NEW Sep 1 — auto insurer with pricing power in an inflation tape; sits with CB / AFL
+
MSFT
Microsoft
1.00%
Quality Tech / Dividend
+4.4%
+0.04%
NEW Sep 1 — dividend-paying quality-tech sleeve: the earnings engine the book lacked, sized so it cannot lead a selloff
+
AAPL
Apple
1.00%
Quality Tech / Dividend
+25.0%
+0.25%
NEW Sep 1 — quality-tech sleeve: buyback + dividend compounder
+
EPD
Enterprise Products
0.50%
Energy / Midstream
+25.6%
+0.13%
NEW Sep 15 — energy sleeve doubled: fee-based midstream partnership — issues a K-1, not a 1099
+
OKE
ONEOK
0.50%
Energy / Midstream
+29.6%
+0.15%
NEW Sep 15 — energy sleeve doubled: midstream C-corp (1099)
+
KMI
Kinder Morgan
0.50%
Energy / Midstream
+18.7%
+0.09%
NEW Sep 15 — energy sleeve doubled: natural-gas pipelines, C-corp (1099)
+
ENB
Enbridge
0.50%
Energy / Midstream
+4.9%
+0.02%
NEW Sep 15 — energy sleeve doubled: Canadian pipelines — 15% Canadian withholding on dividends outside retirement accounts
+
UNP
Union Pacific
1.00%
Defense/Industrial
+18.3%
+0.18%
NEW Sep 15 — industrials seat: freight rail
+
HON
Honeywell
1.00%
Defense/Industrial
+2.3%
+0.02%
NEW Sep 15 — industrials seat: diversified industrial
+
LMT
Lockheed Martin
1.00%
Defense/Industrial
+12.7%
+0.13%
NEW Sep 15 — industrials seat: defense prime
+
GD
General Dynamics
1.00%
Defense/Industrial
+6.5%
+0.07%
NEW Sep 15 — industrials seat: defense prime
+
PNC
PNC Financial Services
1.00%
Financials / Bank
+14.4%
+0.14%
NEW Sep 16 — regional bank paid before Nov 3 (ex-date ~Oct 25); 3.5% yield, 22% vol
+
USB
U.S. Bancorp
1.00%
Financials / Bank
+15.4%
+0.15%
NEW Sep 16 — bank paid before Nov 3 (ex-date ~Sep 30); 3.3% yield, 23% vol
Capital Wealth Midterm Election Dividend · $500K · Defensive Income
The $500K tier of the midterm-election book (Nov 2026), widened July 2026 to 54 positions and Sep 15 2026 to 65 positions: the full defensive-income core plus dividend-paying AI mega-caps (MSFT, AAPL, AVGO, GOOGL, META, TXN), financials, energy aristocrats, defense rails and AI-infrastructure income (DLR, CEG). No single name over 2.5%. Portal-synced via slug midterm_dividend_500k. Performance (baked, Sep 16 close): 1-yr +12.3% · annualized since Sep 2021 (5.0 yrs) +11.5% · 2022 calendar year +3.0% vs S&P 500 −18.2% · max drawdown −11.3% vs S&P 500 −24.5% over the same window · beta 0.42.Sep 16 2026 — repositioned for low volatility and income into Nov 3, the afternoon the Fed raised to 3.75–4.00%: T-bills raised to 12.7% with the money from the exits — the reserve for the letter’s buys at −8%, −12% and on Nov 3, in thirds; the Sep 15 producer seats out (COP, EOG, DVN, FANG) — not chasing oil; the high-volatility names that pay nothing before Nov 3 out (CEG, GPC, TGT, AVGO, META, TXN); PFE trimmed per the Aug 13 decision; PNC and USB added (both pay before Nov 3); gold halved; every other seat unchanged. Approx. blended dividend yield ≈ 2.7% (holdings-weighted trailing 12-month yield, Yahoo Finance, computed 2026-09-16 by scripts/build-dividend-yields.js; covers 100% of book weight). Sep 15 2026: energy sleeve doubled from 4.0% to 8.0% — COP, EOG, DVN, FANG, EPD, OKE, KMI, ENB added at 0.5% each beside CVX, XOM and WMB, with Brent near $107 — and GD added at 1% beside UNP, HON and LMT, funded pro rata from staples and utilities (28.4% → 23.4% of the book).
#
Ticker
Name
Weight
Sector / Theme
YTD
Contrib
Thesis
1
PG
Procter & Gamble
2.10%
Staples
+4.2%
+0.09%
Staples anchor — election-proof demand
2
KO
Coca-Cola
2.05%
Staples
+27.0%
+0.56%
Dividend king, global staple
3
PEP
PepsiCo
2.05%
Staples
−7.0%
−0.14%
Snacks + beverages, low beta
4
CL
Colgate-Palmolive
1.64%
Staples
+11.2%
+0.18%
Dividend king — 60+ yrs of raises
5
KMB
Kimberly-Clark
1.64%
Staples
+0.6%
+0.01%
Aristocrat — tissue & diapers staple
6
MDLZ
Mondelez
1.23%
Staples
+13.7%
+0.17%
Global snacking; 2027 cocoa-reset earnings recovery
7
CHD
Church & Dwight
1.23%
Staples
+15.0%
+0.18%
Value staples brands, steady grower
8
SYY
Sysco
1.23%
Staples
+8.7%
+0.11%
Dividend king — food distribution
9
JNJ
Johnson & Johnson
2.49%
Health
+32.3%
+0.81%
Defensive healthcare compounder — raised 2026 outlook
10
ABBV
AbbVie
2.49%
Pharma
+18.5%
+0.46%
High-yield pharma — Skyrizi/Rinvoq ramp
11
MRK
Merck
2.49%
Pharma
+45.0%
+1.13%
REINFORCED Aug 22 — partner on Moderna’s melanoma-vaccine breakthrough, without the 177% squeeze. Keytruda cash flow, defensive pharma
12
AMGN
Amgen
1.99%
Pharma
+22.6%
+0.45%
Biotech dividend grower — no cliff to 2036
13
SO
Southern Company
2.05%
Utilities
+0.4%
+0.01%
Regulated utility + data-center load
14
DUK
Duke Energy
2.05%
Utilities
+2.2%
+0.05%
Regulated utility income
15
AEP
American Electric Power
2.05%
Utilities
+6.5%
+0.13%
63 GW contracted load — AI power backbone
16
ED
Consolidated Edison
1.64%
Utilities
+7.1%
+0.12%
Aristocrat — regulated NYC utility
17
XEL
Xcel Energy
1.23%
Utilities
−0.5%
−0.01%
Regulated utility, dividend grower
18
WEC
WEC Energy
1.23%
Utilities
+0.7%
+0.01%
Regulated Midwest utility — Microsoft campus load
19
VZ
Verizon
1.99%
Telecom
+22.9%
+0.46%
High-yield telecom — AI Connect fiber
20
T
AT&T
1.49%
Telecom
+6.1%
+0.09%
High-yield telecom, deleveraged
21
WM
Waste Management
2.49%
Defensive Services
−4.6%
−0.11%
Waste — recession & election-proof
22
RSG
Republic Services
1.99%
Defensive Services
+1.8%
+0.04%
Waste #2 — recurring revenue
23
MCD
McDonald's
2.49%
Consumer Disc.
−17.3%
−0.43%
Aristocrat — trade-down winner
24
HD
Home Depot
2.49%
Consumer Disc.
−11.8%
−0.29%
Home-improvement dividend grower
25
LOW
Lowe's
1.99%
Consumer Disc.
−19.6%
−0.39%
Housing turnover optionality + buybacks
26
TJX
TJX Companies
1.99%
Consumer Disc.
−14.0%
−0.28%
Off-price wins when wallets tighten
27
ROST
Ross Stores
1.49%
Consumer Disc.
+29.1%
+0.44%
Off-price value — trade-down tailwind
28
SBUX
Starbucks
1.49%
Consumer Disc.
+14.7%
+0.22%
Turnaround + growing dividend
29
YUM
Yum! Brands
1.99%
Consumer Disc.
−6.6%
−0.13%
Franchised royalty stream — AI drive-thru leader
30
DRI
Darden Restaurants
1.99%
Consumer Disc.
+17.5%
+0.35%
Casual dining — GLP-1 net winner
31
MSFT
Microsoft
1.99%
AI Dividend
+4.4%
+0.09%
Big-boy core — 20 yrs of dividend growth
32
AAPL
Apple
1.49%
AI Dividend
+25.0%
+0.37%
Big-boy core — buybacks + rising dividend
33
GOOGL
Alphabet
1.49%
AI Dividend
+13.6%
+0.20%
AI leader — initiated dividend 2024
34
JPM
JPMorgan Chase
1.99%
Financials
+10.8%
+0.22%
Fortress bank — reliable payout growth
35
BLK
BlackRock
1.49%
Financials
+3.5%
+0.05%
Asset-management toll road
36
CB
Chubb
1.49%
Financials
+9.0%
+0.14%
P&C pricing power, dividend aristocrat
37
CME
CME Group
0.99%
Financials
+4.3%
+0.04%
Earns more when volatility spikes
38
AFL
Aflac
0.99%
Financials
+6.1%
+0.06%
Dividend aristocrat insurer
39
CVX
Chevron
1.49%
Energy
+37.4%
+0.56%
Aristocrat — inflation & shock hedge
40
XOM
Exxon Mobil
1.49%
Energy
+34.2%
+0.51%
Aristocrat — energy-security tailwind
41
WMB
Williams Companies
0.99%
Energy
+21.8%
+0.22%
WATCH Aug 22 — off-grid turbine failures at 3 of 4 U.S. sites; falsifier on file. Nat-gas pipelines feeding data-center power
42
LMT
Lockheed Martin
1.49%
Defense/Industrial
+12.7%
+0.19%
Defense budget — most election-proof line item
43
HON
Honeywell
0.99%
Defense/Industrial
+2.3%
+0.02%
Diversified industrial dividend grower
44
UNP
Union Pacific
0.99%
Defense/Industrial
+18.3%
+0.18%
Rail duopoly — pricing power income
45
DLR
Digital Realty
0.99%
AI Infrastructure
+22.9%
+0.23%
Data-center REIT — landlord of the AI buildout
46
SGOV
iShares 0-3M Treasury ETF
12.66%
Cash
+2.6%
+0.33%
T-bill buffer for election volatility
47
IAU
iShares Gold
1.25%
Gold
+0.6%
+0.01%
Gold hedge against policy shock
TOTAL
99.50%
+
PM
Philip Morris Intl
1.99%
Tobacco / Defensive
+18.9%
+0.38%
Zyn / IQOS — 41% of 2025 sales now smoke-free (WSJ, Jul 10 2026)
+
BTI
British American Tobacco
1.49%
Tobacco / Defensive
+1.3%
+0.02%
Vuse / Velo Plus; US pouch share 6.7%→16.2% in 2025 (Jefferies)
+
EPD
Enterprise Products
0.50%
Energy
+25.6%
+0.13%
NEW Sep 15 — energy sleeve doubled: fee-based midstream partnership — issues a K-1, not a 1099
+
OKE
ONEOK
0.50%
Energy
+29.6%
+0.15%
NEW Sep 15 — energy sleeve doubled: midstream C-corp (1099)
+
KMI
Kinder Morgan
0.50%
Energy
+18.7%
+0.09%
NEW Sep 15 — energy sleeve doubled: natural-gas pipelines, C-corp (1099)
+
ENB
Enbridge
0.50%
Energy
+4.9%
+0.02%
NEW Sep 15 — energy sleeve doubled: Canadian pipelines — 15% Canadian withholding on dividends outside retirement accounts
+
GD
General Dynamics
1.00%
Defense/Industrial
+6.5%
+0.07%
NEW Sep 15 — industrials seat: defense prime
+
PNC
PNC Financial Services
1.00%
Financials / Bank
+14.4%
+0.14%
NEW Sep 16 — regional bank paid before Nov 3 (ex-date ~Oct 25); 3.5% yield, 22% vol
+
USB
U.S. Bancorp
1.00%
Financials / Bank
+15.4%
+0.15%
NEW Sep 16 — bank paid before Nov 3 (ex-date ~Sep 30); 3.3% yield, 23% vol
Capital Wealth Midterm Election Dividend · $1M · Defensive Income
The $1M tier of the midterm-election book (Nov 2026), added Sep 15 2026: the $500K set carried up — its dated adds keep their seats, every other inherited row is scaled to 81% of its $500K weight (rounding residue on the largest row), the six regulated utilities then share one extra 1% seat — plus a 13-name breadth layer (LLY out Sep 16) (GIS, ADM, PGR, GILD, DG carried up from the $250K tier; MO, O, VICI, ALL, RTX, NOC, WMT, COST, LLY) and a larger ballast, now SGOV 16% and IAU 1.50%. No fund overlay: a covered-call sleeve would cap the post-vote rally the discretionary names are held for. 69 seats; the smallest is 0.50%, $5,000 at $1M; no single stock over 2.1%. Portal-synced via slug midterm_dividend_1m. Performance (baked, Sep 16 close): 1-yr +11.7% · annualized since Sep 2021 (5.0 yrs) +11.4% · 2022 calendar year +4.5% vs S&P 500 −18.2% · max drawdown −10.5% vs S&P 500 −24.5% over the same window · beta 0.39.Sep 16 2026 — repositioned for low volatility and income into Nov 3, the afternoon the Fed raised to 3.75–4.00%: T-bills raised to 16.0% with the money from the exits — the reserve for the letter’s buys at −8%, −12% and on Nov 3, in thirds; the Sep 15 producer seats out (COP, EOG, DVN, FANG) — not chasing oil; the high-volatility names that pay nothing before Nov 3 out (CEG, LLY, GPC, TGT, AVGO, META, TXN); PFE trimmed per the Aug 13 decision; PNC and USB added (both pay before Nov 3); gold halved; every other seat unchanged. Approx. blended dividend yield ≈ 2.8% (holdings-weighted trailing 12-month yield, Yahoo Finance, computed 2026-09-16 by scripts/build-dividend-yields.js; covers 100% of book weight).
#
Ticker
Name
Weight
Sector / Theme
YTD
Contrib
Thesis
1
PG
Procter & Gamble
1.70%
Staples
+4.2%
+0.07%
Staples anchor — election-proof demand
2
KO
Coca-Cola
1.66%
Staples
+27.0%
+0.45%
Dividend king, global staple
3
PEP
PepsiCo
1.66%
Staples
−7.0%
−0.12%
Snacks + beverages, low beta
4
CL
Colgate-Palmolive
1.32%
Staples
+11.2%
+0.15%
Dividend king — 60+ yrs of raises
5
KMB
Kimberly-Clark
1.32%
Staples
+0.6%
+0.01%
Aristocrat — tissue & diapers staple
6
MDLZ
Mondelez
0.99%
Staples
+13.7%
+0.14%
Global snacking; 2027 cocoa-reset earnings recovery
7
CHD
Church & Dwight
0.99%
Staples
+15.0%
+0.15%
Value staples brands, steady grower
8
SYY
Sysco
0.99%
Staples
+8.7%
+0.09%
Dividend king — food distribution
9
JNJ
Johnson & Johnson
2.00%
Health
+32.3%
+0.65%
Defensive healthcare compounder — raised 2026 outlook
10
ABBV
AbbVie
2.01%
Pharma
+18.5%
+0.37%
High-yield pharma — Skyrizi/Rinvoq ramp
11
MRK
Merck
2.01%
Pharma
+45.0%
+0.91%
REINFORCED Aug 22 — partner on Moderna’s melanoma-vaccine breakthrough, without the 177% squeeze. Keytruda cash flow, defensive pharma
12
AMGN
Amgen
1.61%
Pharma
+22.6%
+0.37%
Biotech dividend grower — no cliff to 2036
13
SO
Southern Company
1.86%
Utilities
+0.4%
+0.01%
Regulated utility + data-center load
14
DUK
Duke Energy
1.86%
Utilities
+2.2%
+0.04%
Regulated utility income
15
AEP
American Electric Power
1.86%
Utilities
+6.5%
+0.12%
63 GW contracted load — AI power backbone
16
ED
Consolidated Edison
1.48%
Utilities
+7.1%
+0.11%
Aristocrat — regulated NYC utility
17
XEL
Xcel Energy
1.11%
Utilities
−0.5%
−0.01%
Regulated utility, dividend grower
18
WEC
WEC Energy
1.11%
Utilities
+0.7%
+0.01%
Regulated Midwest utility — Microsoft campus load
19
VZ
Verizon
1.61%
Telecom
+22.9%
+0.37%
High-yield telecom — AI Connect fiber
20
T
AT&T
1.20%
Telecom
+6.1%
+0.07%
High-yield telecom, deleveraged
21
WM
Waste Management
2.01%
Defensive Services
−4.6%
−0.09%
Waste — recession & election-proof
22
RSG
Republic Services
1.61%
Defensive Services
+1.8%
+0.03%
Waste #2 — recurring revenue
23
MCD
McDonald's
2.01%
Consumer Disc.
−17.3%
−0.35%
Aristocrat — trade-down winner
24
HD
Home Depot
2.01%
Consumer Disc.
−11.8%
−0.24%
Home-improvement dividend grower
25
LOW
Lowe's
1.61%
Consumer Disc.
−19.6%
−0.32%
Housing turnover optionality + buybacks
26
TJX
TJX Companies
1.61%
Consumer Disc.
−14.0%
−0.23%
Off-price wins when wallets tighten
27
ROST
Ross Stores
1.20%
Consumer Disc.
+29.1%
+0.35%
Off-price value — trade-down tailwind
28
SBUX
Starbucks
1.20%
Consumer Disc.
+14.7%
+0.18%
Turnaround + growing dividend
29
YUM
Yum! Brands
1.61%
Consumer Disc.
−6.6%
−0.11%
Franchised royalty stream — AI drive-thru leader
30
DRI
Darden Restaurants
1.61%
Consumer Disc.
+17.5%
+0.28%
Casual dining — GLP-1 net winner
31
MSFT
Microsoft
1.61%
AI Dividend
+4.4%
+0.07%
Big-boy core — 20 yrs of dividend growth
32
AAPL
Apple
1.20%
AI Dividend
+25.0%
+0.30%
Big-boy core — buybacks + rising dividend
33
GOOGL
Alphabet
1.20%
AI Dividend
+13.6%
+0.16%
AI leader — initiated dividend 2024
34
JPM
JPMorgan Chase
1.61%
Financials
+10.8%
+0.17%
Fortress bank — reliable payout growth
35
BLK
BlackRock
1.20%
Financials
+3.5%
+0.04%
Asset-management toll road
36
CB
Chubb
1.20%
Financials
+9.0%
+0.11%
P&C pricing power, dividend aristocrat
37
CME
CME Group
0.80%
Financials
+4.3%
+0.03%
Earns more when volatility spikes
38
AFL
Aflac
0.80%
Financials
+6.1%
+0.05%
Dividend aristocrat insurer
39
CVX
Chevron
1.20%
Energy
+37.4%
+0.45%
Aristocrat — inflation & shock hedge
40
XOM
Exxon Mobil
1.20%
Energy
+34.2%
+0.41%
Aristocrat — energy-security tailwind
41
WMB
Williams Companies
0.80%
Energy
+21.8%
+0.18%
WATCH Aug 22 — off-grid turbine failures at 3 of 4 U.S. sites; falsifier on file. Nat-gas pipelines feeding data-center power
42
LMT
Lockheed Martin
1.20%
Defense/Industrial
+12.7%
+0.15%
Defense budget — most election-proof line item
43
HON
Honeywell
0.80%
Defense/Industrial
+2.3%
+0.02%
Diversified industrial dividend grower
44
UNP
Union Pacific
0.80%
Defense/Industrial
+18.3%
+0.15%
Rail duopoly — pricing power income
45
DLR
Digital Realty
0.80%
AI Infrastructure
+22.9%
+0.18%
Data-center REIT — landlord of the AI buildout
46
SGOV
iShares 0-3M Treasury ETF
16.02%
Cash
+2.6%
+0.42%
T-bill buffer for election volatility
47
IAU
iShares Gold
1.50%
Gold
+0.6%
+0.01%
Gold hedge against policy shock
48
PM
Philip Morris Intl
1.99%
Tobacco / Defensive
+18.9%
+0.38%
Zyn / IQOS — 41% of 2025 sales now smoke-free (WSJ, Jul 10 2026)
49
BTI
British American Tobacco
1.49%
Tobacco / Defensive
+1.3%
+0.02%
Vuse / Velo Plus; US pouch share 6.7%→16.2% in 2025 (Jefferies)
50
EPD
Enterprise Products
0.50%
Energy
+25.6%
+0.13%
NEW Sep 15 — energy sleeve doubled: fee-based midstream partnership — issues a K-1, not a 1099
51
OKE
ONEOK
0.50%
Energy
+29.6%
+0.15%
NEW Sep 15 — energy sleeve doubled: midstream C-corp (1099)
52
KMI
Kinder Morgan
0.50%
Energy
+18.7%
+0.09%
NEW Sep 15 — energy sleeve doubled: natural-gas pipelines, C-corp (1099)
53
ENB
Enbridge
0.50%
Energy
+4.9%
+0.02%
NEW Sep 15 — energy sleeve doubled: Canadian pipelines — 15% Canadian withholding on dividends outside retirement accounts
54
GD
General Dynamics
1.00%
Defense/Industrial
+6.5%
+0.07%
NEW Sep 15 — industrials seat: defense prime
55
GIS
General Mills
0.75%
Staples
−20.1%
−0.15%
NEW Sep 15 — $1M breadth layer: the $250K tier’s dividend-king staple, carried up
56
ADM
Archer-Daniels-Midland
0.75%
Staples
+48.0%
+0.36%
NEW Sep 15 — $1M breadth layer: the $250K tier’s ag-processing staple, carried up
57
PGR
Progressive
0.75%
Financials
−0.8%
−0.01%
NEW Sep 15 — $1M breadth layer: the $250K tier’s auto insurer, carried up
58
GILD
Gilead Sciences
1.00%
Healthcare
+24.9%
+0.25%
NEW Sep 15 — $1M breadth layer: the $250K tier’s HIV-franchise payer, carried up
59
DG
Dollar General
0.75%
Consumer / Defensive
−6.9%
−0.05%
NEW Sep 15 — $1M breadth layer: the $250K tier’s value-shopper defensive, carried up
60
MO
Altria Group
1.00%
Tobacco / Defensive
+24.6%
+0.25%
NEW Sep 15 — $1M breadth layer: third tobacco seat beside PM and BTI; trailing yield 6.1% (Yahoo, Sep 15)
61
O
Realty Income
1.00%
REIT
+4.0%
+0.04%
NEW Sep 15 — $1M breadth layer: monthly-pay net-lease REIT; trailing yield 5.5% (Yahoo, Sep 15); distributions are mostly ordinary income
62
VICI
VICI Properties
0.75%
REIT
−9.9%
−0.07%
NEW Sep 15 — $1M breadth layer: casino net-lease REIT; trailing yield 7.2% (Yahoo, Sep 15); distributions are mostly ordinary income
63
ALL
Allstate
0.75%
Financials
+18.4%
+0.14%
NEW Sep 15 — $1M breadth layer: third P&C seat beside CB and PGR
64
RTX
RTX Corp
0.75%
Defense/Industrial
+7.1%
+0.05%
NEW Sep 15 — $1M breadth layer: defense and aerospace beside LMT and GD
65
NOC
Northrop Grumman
0.75%
Defense/Industrial
−6.5%
−0.05%
NEW Sep 15 — $1M breadth layer: defense prime beside LMT and GD
66
WMT
Walmart
1.00%
Staples
−2.9%
−0.03%
NEW Sep 15 — $1M breadth layer: the largest US grocer; defensive retail
67
COST
Costco
0.75%
Staples
+4.7%
+0.04%
NEW Sep 15 — $1M breadth layer: membership retail; defensive
TOTAL
99.50%
+
PNC
PNC Financial Services
0.75%
Financials / Bank
+14.4%
+0.11%
NEW Sep 16 — regional bank paid before Nov 3 (ex-date ~Oct 25); 3.5% yield, 22% vol
+
USB
U.S. Bancorp
0.75%
Financials / Bank
+15.4%
+0.12%
NEW Sep 16 — bank paid before Nov 3 (ex-date ~Sep 30); 3.3% yield, 23% vol
Capital Wealth AI Memory · $50K · Thematic
The memory supercycle in a tight $50K book — DRAM/HBM/NAND makers (MU/WDC/STX), the AI compute pulling demand, storage & servers, and fab equipment. Cyclical; sized as a thematic satellite. Portal-synced via slug aimemory_50k. Performance (current weights, Sep 21 close): YTD +118.7% · 1-yr +161.2% · 5-yr annualized +55.9% · 2022 stress −31.1% vs S&P 500 −18.2%.
#
Ticker
Name
Weight
Sector / Theme
YTD
Contrib
Thesis
1
MU
Micron Technology
12.00%
Memory
+266.0%
+32.08%
DRAM/HBM + NAND leader
2
WDC
Western Digital
9.00%
Memory
+160.4%
+14.51%
NAND + HDD storage
3
STX
Seagate Technology
9.00%
Memory
+219.4%
+19.84%
HDD mass-capacity for AI data
4
NVDA
NVIDIA
8.00%
AI Semis
+22.2%
+1.78%
AI compute — memory demand engine
5
AVGO
Broadcom
7.00%
AI Semis
+5.4%
+0.38%
Custom AI silicon + networking
6
TSM
Taiwan Semiconductor
7.00%
AI Semis
+47.6%
+3.35%
Foundry for every AI/memory chip
7
MRVL
Marvell Technology
6.00%
AI Semis
+203.3%
+12.26%
Custom silicon + storage controllers
8
DELL
Dell Technologies
6.00%
AI Infra
+361.2%
+21.78%
AI servers — memory-heavy boxes
9
SMCI
Super Micro Computer
6.00%
AI Infra
+40.8%
+2.46%
AI server systems
10
NTAP
NetApp
6.00%
Storage
+87.5%
+5.27%
Enterprise storage + AI ONTAP
11
LRCX
Lam Research
5.00%
Semis Equipment
+76.9%
+3.87%
Etch/deposition for 3D NAND
12
AMAT
Applied Materials
5.00%
Semis Equipment
+81.3%
+4.08%
Broad fab equipment
13
KLAC
KLA Corp
4.00%
Semis Equipment
+52.0%
+2.09%
Process control / yield
14
SGOV
iShares 0-3M Treasury ETF
6.00%
Cash
+2.6%
+0.16%
T-bill cash buffer
15
IAU
iShares Gold
3.50%
Gold
+0.6%
+0.02%
Gold hedge
TOTAL
99.50%
Capital Wealth Quantum · $50K · Speculative
A $50K quantum-computing book — speculative pure-plays sized small for asymmetry, paired with big-cap quantum optionality (IBM/Google/NVIDIA/Honeywell) and a heavy QQQM/gold/cash ballast. A 2030 optionality sleeve, not a core. Portal-synced via slug quantum_50k. Performance (current weights, Sep 21 close): YTD +12.8% · 1-yr +4.7% · 5-yr annualized +38.7% · 2022 stress −47.1% vs S&P 500 −18.2%.
#
Ticker
Name
Weight
Sector / Theme
YTD
Contrib
Thesis
1
IONQ
IonQ
11.00%
Quantum Computing
−9.7%
−1.07%
Trapped-ion leader, enterprise deals
2
RGTI
Rigetti Computing
7.00%
Quantum Computing
−25.4%
−1.78%
Superconducting gate-model
3
QBTS
D-Wave Quantum
6.00%
Quantum Computing
−32.3%
−1.95%
Annealing + gate quantum
4
QUBT
Quantum Computing Inc
5.00%
Quantum Computing
−12.7%
−0.64%
Photonic quantum + thin films
5
ARQQ
Arqit Quantum
4.00%
Quantum Computing
+7.5%
+0.30%
Quantum-safe encryption
6
QMCO
Quantum Corp
3.00%
Quantum Computing
+304.6%
+9.19%
Quantum storage/compute play
7
IBM
IBM
8.00%
Quantum Optionality
−20.1%
−1.62%
Quantum roadmap leader (big-cap)
8
GOOGL
Alphabet
7.00%
Quantum Optionality
+13.6%
+0.96%
Willow chip — quantum optionality
9
NVDA
NVIDIA
7.00%
Quantum Optionality
+22.2%
+1.56%
CUDA-Q quantum-classical bridge
10
MSFT
Microsoft
6.00%
Quantum Optionality
+4.4%
+0.26%
Azure Quantum + topological
11
HON
Honeywell
6.00%
Quantum Optionality
+2.3%
+0.14%
Quantinuum stake
12
QQQM
Invesco Nasdaq 100 ETF
14.00%
Tech ETF
+21.1%
+2.97%
Nasdaq-100 core ballast
13
IAU
iShares Gold
5.00%
Gold
+0.6%
+0.03%
Gold hedge
14
SGOV
iShares 0-3M Treasury ETF
10.50%
Cash
+2.6%
+0.28%
T-bill cash buffer
TOTAL
99.50%
Capital Wealth Power · $25K · Sector
The electricity side of the AI build-out, sized for a $25K–$30K account: generation (nuclear, merchant, regulated), the equipment and crews that connect it, the uranium and copper underneath it, over a gold and T-bill ballast. Fourteen seats — the smallest is 5%, about $1,250 at $25K and $1,500 at $30K, so every position is large enough to trim. Chips get the headlines; the data hall does not run without the substation. A sector book: pairs with a core book, does not replace it. Portal-synced via slug power_25k. Performance (baked, Sep 1 2026 close): YTD +17.3% vs S&P 500 +12.3% · 1-yr +27.5% vs +19.4% · since Mar 27 2024 +129.7% (+40.8% annualized) · worst drawdown −29.1% (Jan 23 → Apr 4 2025, the tariff selloff) · beta 1.23. The window is 2.4 years because GE Vernova only began trading in March 2024 — there is no 2022 in this number. Approx. blended dividend yield ≈ 1.2% (trailing 12-month, Yahoo, computed 2026-09-02 by scripts/build-dividend-yields.js).
#
Ticker
Name
Weight
Sector / Theme
YTD
Contrib
Thesis
1
GEV
GE Vernova
10.00%
Power Equipment
+45.1%
+4.53%
Gas turbines and grid gear with a multi-year backlog; the pick-and-shovel of the whole build-out
2
VST
Vistra
9.00%
Generation / Data-Center Power
−12.3%
−1.12%
Merchant generation signing data-center power deals; −15% YTD is the entry, not the verdict
3
CEG
Constellation Energy
9.00%
Nuclear Generation
−25.5%
−2.30%
Largest US nuclear fleet, restarting plants for hyperscalers; −21% YTD on a business that did not shrink
4
ETN
Eaton
8.00%
Electrical Equipment
+37.9%
+3.04%
Switchgear and power distribution inside every new data hall
5
VRT
Vertiv
8.00%
DC Infra / Cooling
+54.9%
+4.42%
Power and cooling for the racks themselves; the fastest-growing seat in the book
6
PWR
Quanta Services
8.00%
Grid Contractor
+52.3%
+4.21%
The crews that string the transmission; wins whether the power is gas, nuclear or sun
7
CCJ
Cameco
7.00%
Uranium
+1.9%
+0.13%
Western uranium supply for a fleet that is being extended, not retired
8
NEE
NextEra Energy
6.00%
Regulated + Renewables
+1.4%
+0.08%
Regulated Florida base plus the largest renewables developer; the dividend seat
9
FCX
Freeport-McMoRan
6.00%
Copper
+43.1%
+2.60%
Every megawatt needs copper; +42% YTD and still supply-constrained
10
BWXT
BWX Technologies
5.00%
Nuclear Components
−14.3%
−0.72%
Reactor components for the Navy today and small modular reactors tomorrow
11
D
Dominion Energy
5.00%
Regulated Utility
+10.5%
+0.53%
Northern Virginia is the densest data-center market on earth and Dominion is its utility
12
SO
Southern Company
5.00%
Regulated Utility
+0.4%
+0.02%
Vogtle 3 and 4 online — the only new US nuclear this decade, now earning
13
IAU
iShares Gold
5.00%
Gold Ballast
+0.6%
+0.03%
Hard-asset ballast against the fiscal side of the theme
14
SGOV
iShares 0-3M Treasury ETF
8.50%
Cash
+2.6%
+0.22%
T-bill reserve; the rebalancing source when a name gaps
TOTAL
99.50%
Capital Wealth AI & Compute · $100K · Thematic (A)
The full AI stack — accelerators and custom silicon, memory/HBM, the wafer-fab equipment beneath them, networking, data platforms, cybersecurity, and the power that runs the data centers. $100K tier of the A/B/C/D Thematic Series — concentrated at $100K, broadest at $500K. Portal-synced via slug aicompute_100k. Performance (current weights, Sep 21 close): YTD +56.6% · 1-yr +69.6% · 5-yr annualized +44.6% · 2022 stress −36.2% vs S&P 500 −18.2%.
#
Ticker
Name
Weight
Sector / Theme
YTD
Contrib
Thesis
1
NVDA
NVIDIA
10.27%
AI
+22.2%
+2.29%
AI accelerator standard
2
AVGO
Broadcom
7.70%
AI Semis
+5.4%
+0.41%
Custom AI silicon + networking
3
MSFT
Microsoft
6.42%
Tech/Mag7
+4.4%
+0.28%
Azure + Copilot
4
GOOGL
Alphabet
6.42%
Tech/Mag7
+13.6%
+0.88%
TPUs + Gemini
5
TSM
Taiwan Semiconductor
6.42%
AI Semis
+47.6%
+3.07%
Foundry to the whole stack
6
MU
Micron Technology
6.42%
AI Semis / Memory
+266.0%
+17.16%
HBM/DRAM supercycle
7
ASML
ASML Holding NV
5.14%
International / Developed
+60.7%
+3.14%
EUV monopoly
8
ANET
Arista Networks
5.14%
AI Infra
+56.8%
+2.93%
Datacenter networking
9
PLTR
Palantir
5.14%
Defense
+3.0%
+0.15%
AI software/ontology
10
VRT
Vertiv
5.14%
DC Infra
+54.9%
+2.84%
DC power & cooling
11
ORCL
Oracle
4.49%
AI/Data
−23.1%
−1.04%
OCI capacity
12
AMAT
Applied Materials
4.49%
Semi Equip
+81.3%
+3.67%
Broadest WFE
13
MRVL
Marvell Technology
3.85%
AI Semis
+203.3%
+7.87%
Custom HBM/connectivity
14
LRCX
Lam Research
3.85%
Semi Equip
+76.9%
+2.98%
Etch/dep for memory
15
CRWD
CrowdStrike
3.85%
Cyber
+112.8%
+4.36%
Cyber platform
16
PANW
Palo Alto Networks
3.85%
Cyber
+101.8%
+3.94%
Zero-trust platform
17
AMZN
Amazon
3.85%
Tech/Mag7
+12.0%
+0.46%
AWS + Trainium
18
META
Meta
3.85%
Tech/Mag7
+12.6%
+0.49%
AI capex + ads
19
KLAC
KLA Corp
3.21%
Semi Equip
+52.0%
+1.68%
Process control
TOTAL
99.50%
Capital Wealth AI & Compute · $250K · Thematic (A)
The full AI stack — accelerators and custom silicon, memory/HBM, the wafer-fab equipment beneath them, networking, data platforms, cybersecurity, and the power that runs the data centers. $250K tier of the A/B/C/D Thematic Series — concentrated at $100K, broadest at $500K. Portal-synced via slug aicompute_250k. Performance (current weights, Sep 21 close): YTD +56.3% · 1-yr +68.3% · annualized since inception (2.5 yrs) +60.6%.
#
Ticker
Name
Weight
Sector / Theme
YTD
Contrib
Thesis
1
NVDA
NVIDIA
8.70%
AI
+22.2%
+1.94%
AI accelerator standard
2
AVGO
Broadcom
6.52%
AI Semis
+5.4%
+0.35%
Custom AI silicon + networking
3
MSFT
Microsoft
5.44%
Tech/Mag7
+4.4%
+0.24%
Azure + Copilot
4
GOOGL
Alphabet
5.44%
Tech/Mag7
+13.6%
+0.75%
TPUs + Gemini
5
TSM
Taiwan Semiconductor
5.44%
AI Semis
+47.6%
+2.60%
Foundry to the whole stack
6
MU
Micron Technology
5.44%
AI Semis / Memory
+266.0%
+14.54%
HBM/DRAM supercycle
7
ASML
ASML Holding NV
4.35%
International / Developed
+60.7%
+2.66%
EUV monopoly
8
ANET
Arista Networks
4.35%
AI Infra
+56.8%
+2.48%
Datacenter networking
9
PLTR
Palantir
4.35%
Defense
+3.0%
+0.13%
AI software/ontology
10
VRT
Vertiv
4.35%
DC Infra
+54.9%
+2.40%
DC power & cooling
11
ORCL
Oracle
3.81%
AI/Data
−23.1%
−0.88%
OCI capacity
12
AMAT
Applied Materials
3.81%
Semi Equip
+81.3%
+3.11%
Broadest WFE
13
MRVL
Marvell Technology
3.26%
AI Semis
+203.3%
+6.66%
Custom HBM/connectivity
14
LRCX
Lam Research
3.26%
Semi Equip
+76.9%
+2.52%
Etch/dep for memory
15
CRWD
CrowdStrike
3.26%
Cyber
+112.8%
+3.69%
Cyber platform
16
PANW
Palo Alto Networks
3.26%
Cyber
+101.8%
+3.34%
Zero-trust platform
17
AMZN
Amazon
3.26%
Tech/Mag7
+12.0%
+0.39%
AWS + Trainium
18
META
Meta
3.26%
Tech/Mag7
+12.6%
+0.41%
AI capex + ads
19
KLAC
KLA Corp
2.72%
Semi Equip
+52.0%
+1.42%
Process control
20
AMKR
Amkor Technology
2.72%
AI Semis
+32.8%
+0.90%
Advanced packaging
21
CEG
Constellation Energy
2.72%
Power / Nuclear
−25.5%
−0.70%
Nuclear for 24/7 load
22
VST
Vistra Energy
2.72%
Power / AI Datacenter
−12.3%
−0.34%
Independent power, PPAs
23
GEV
GE Vernova
2.72%
Power
+45.1%
+1.23%
Grid + gas turbines
24
SNOW
Snowflake
2.17%
Data
+54.7%
+1.19%
Data platform
25
DELL
Dell Technologies
2.17%
AI Hardware
+361.2%
+7.88%
AI servers
TOTAL
99.50%
Capital Wealth AI & Compute · $500K · Thematic (A)
The full AI stack — accelerators and custom silicon, memory/HBM, the wafer-fab equipment beneath them, networking, data platforms, cybersecurity, and the power that runs the data centers. $500K tier of the A/B/C/D Thematic Series — concentrated at $100K, broadest at $500K. Portal-synced via slug aicompute_500k. Performance (current weights, Sep 21 close): YTD +55.1% · 1-yr +65.8% · annualized since inception (2.5 yrs) +56.9%.
#
Ticker
Name
Weight
Sector / Theme
YTD
Contrib
Thesis
1
NVDA
NVIDIA
7.84%
AI
+22.2%
+1.75%
AI accelerator standard
2
AVGO
Broadcom
5.91%
AI Semis
+5.4%
+0.32%
Custom AI silicon + networking
3
MSFT
Microsoft
4.93%
Tech/Mag7
+4.4%
+0.22%
Azure + Copilot
4
GOOGL
Alphabet
4.93%
Tech/Mag7
+13.6%
+0.68%
TPUs + Gemini
5
TSM
Taiwan Semiconductor
4.93%
AI Semis
+47.6%
+2.36%
Foundry to the whole stack
6
MU
Micron Technology
4.93%
AI Semis / Memory
+266.0%
+13.18%
HBM/DRAM supercycle
7
ASML
ASML Holding NV
3.94%
International / Developed
+60.7%
+2.40%
EUV monopoly
8
ANET
Arista Networks
3.94%
AI Infra
+56.8%
+2.25%
Datacenter networking
9
PLTR
Palantir
3.94%
Defense
+3.0%
+0.12%
AI software/ontology
10
VRT
Vertiv
3.94%
DC Infra
+54.9%
+2.18%
DC power & cooling
11
ORCL
Oracle
3.45%
AI/Data
−23.1%
−0.80%
OCI capacity
12
AMAT
Applied Materials
3.45%
Semi Equip
+81.3%
+2.82%
Broadest WFE
13
MRVL
Marvell Technology
2.96%
AI Semis
+203.3%
+6.05%
Custom HBM/connectivity
14
LRCX
Lam Research
2.96%
Semi Equip
+76.9%
+2.29%
Etch/dep for memory
15
CRWD
CrowdStrike
2.96%
Cyber
+112.8%
+3.35%
Cyber platform
16
PANW
Palo Alto Networks
2.96%
Cyber
+101.8%
+3.03%
Zero-trust platform
17
AMZN
Amazon
2.96%
Tech/Mag7
+12.0%
+0.36%
AWS + Trainium
18
META
Meta
2.96%
Tech/Mag7
+12.6%
+0.37%
AI capex + ads
19
KLAC
KLA Corp
2.46%
Semi Equip
+52.0%
+1.28%
Process control
20
AMKR
Amkor Technology
2.46%
AI Semis
+32.8%
+0.81%
Advanced packaging
21
CEG
Constellation Energy
2.46%
Power / Nuclear
−25.5%
−0.63%
Nuclear for 24/7 load
22
VST
Vistra Energy
2.46%
Power / AI Datacenter
−12.3%
−0.31%
Independent power, PPAs
23
GEV
GE Vernova
2.46%
Power
+45.1%
+1.11%
Grid + gas turbines
24
SNOW
Snowflake
1.97%
Data
+54.7%
+1.08%
Data platform
25
DELL
Dell Technologies
1.97%
AI Hardware
+361.2%
+7.15%
AI servers
26
PWR
Quanta Services
1.97%
DC/Power
+52.3%
+1.04%
Grid construction
27
NXPI
NXP Semiconductors
1.48%
Semis
+8.5%
+0.13%
Edge silicon
28
ADI
Analog Devices
1.48%
Semis
+42.5%
+0.63%
Signal chain
29
CSCO
Cisco
1.48%
AI Net
+46.8%
+0.70%
Networking + security
30
SMCI
Super Micro
1.48%
AI Hardware
+40.8%
+0.61%
AI server systems
31
SGOV
iShares 0-3M Treasury ETF
1.48%
Fixed Income / Cash
+2.6%
+0.04%
Cash sleeve
TOTAL
99.50%
Capital Wealth Hard Assets · Theme 1 Concentrated Core · $100K (B)
Theme 1 · Fiscal-Dominance Inflation — Concentrated Real-Asset Core. The pure energy / defense / gold / power expression of the Theme 1 regime, without the banks, AI, TIPS, and international sleeves that diversify the flagship. Real-economy leverage — integrated energy and midstream, the $1.5T defense build, gold and critical-materials miners, and the power/nuclear names. Built for inflation, geopolitics, and supply scarcity. $100K tier of the A/B/C/D Thematic Series — concentrated at $100K, broadest at $500K. Portal-synced via slug hardassets_100k. Performance (current weights, Sep 21 close): YTD +21.4% · 1-yr +26.7% · annualized since inception (2.5 yrs) +26.8%.
#
Ticker
Name
Weight
Sector / Theme
YTD
Contrib
Thesis
1
XOM
ExxonMobil
8.52%
Energy
+34.2%
+2.93%
Integrated major
2
CVX
Chevron
7.11%
Energy
+37.4%
+2.67%
Integrated major
3
LMT
Lockheed Martin
7.11%
Defense
+12.7%
+0.91%
Defense prime
4
RTX
RTX Corp
7.11%
Defense
+7.1%
+0.51%
Defense + aero aftermarket
5
COP
ConocoPhillips
5.69%
Energy
+39.2%
+2.24%
Low-cost E&P
6
GEV
GE Vernova
5.69%
Power
+45.1%
+2.58%
Grid + gas turbines
7
NOC
Northrop Grumman
5.69%
Defense
−6.5%
−0.37%
Strategic deterrent
8
GD
General Dynamics
4.98%
Defense
+6.5%
+0.33%
Combat systems
9
EOG
EOG Resources
4.98%
Energy
+38.0%
+1.90%
Premium E&P
10
IAU
iShares Gold
4.98%
Gold
+0.6%
+0.03%
Gold bullion
11
LNG
Cheniere Energy
4.98%
Energy
+42.5%
+2.13%
US LNG export
12
NEM
Newmont
4.26%
Materials / Gold
+24.0%
+1.03%
Gold miner leverage
13
FANG
Diamondback
4.26%
Energy
+28.1%
+1.20%
Permian pure-play
14
CEG
Constellation Energy
4.26%
Power / Nuclear
−25.5%
−1.09%
Nuclear fleet
15
LHX
L3Harris
4.26%
Defense
−14.8%
−0.64%
C4ISR/defense tech
16
SLB
Schlumberger
4.26%
Energy
+37.1%
+1.59%
Oilfield services
17
EPD
Enterprise Products
4.26%
Energy
+25.6%
+1.09%
Midstream toll
18
VST
Vistra Energy
3.55%
Power / AI Datacenter
−12.3%
−0.44%
Independent power
19
WMB
Williams Companies
3.55%
Energy
+21.8%
+0.78%
WATCH Aug 22 — off-grid turbine failures at 3 of 4 U.S. sites; falsifier on file. Nat-gas backbone
TOTAL
99.50%
Capital Wealth Hard Assets · Theme 1 Concentrated Core · $250K (B)
Theme 1 · Fiscal-Dominance Inflation — Concentrated Real-Asset Core. The pure energy / defense / gold / power expression of the Theme 1 regime, without the banks, AI, TIPS, and international sleeves that diversify the flagship. Real-economy leverage — integrated energy and midstream, the $1.5T defense build, gold and critical-materials miners, and the power/nuclear names. Built for inflation, geopolitics, and supply scarcity. $250K tier of the A/B/C/D Thematic Series — concentrated at $100K, broadest at $500K. Portal-synced via slug hardassets_250k. Performance (current weights, Sep 21 close): YTD +20.7% · 1-yr +25.6% · annualized since inception (2.5 yrs) +29.4%.
#
Ticker
Name
Weight
Sector / Theme
YTD
Contrib
Thesis
1
XOM
ExxonMobil
7.17%
Energy
+34.2%
+2.46%
Integrated major
2
CVX
Chevron
5.96%
Energy
+37.4%
+2.24%
Integrated major
3
LMT
Lockheed Martin
5.96%
Defense
+12.7%
+0.76%
Defense prime
4
RTX
RTX Corp
5.96%
Defense
+7.1%
+0.43%
Defense + aero aftermarket
5
COP
ConocoPhillips
4.77%
Energy
+39.2%
+1.88%
Low-cost E&P
6
GEV
GE Vernova
4.77%
Power
+45.1%
+2.16%
Grid + gas turbines
7
NOC
Northrop Grumman
4.77%
Defense
−6.5%
−0.31%
Strategic deterrent
8
GD
General Dynamics
4.17%
Defense
+6.5%
+0.27%
Combat systems
9
EOG
EOG Resources
4.17%
Energy
+38.0%
+1.59%
Premium E&P
10
IAU
iShares Gold
4.17%
Gold
+0.6%
+0.03%
Gold bullion
11
LNG
Cheniere Energy
4.17%
Energy
+42.5%
+1.78%
US LNG export
12
NEM
Newmont
3.57%
Materials / Gold
+24.0%
+0.86%
Gold miner leverage
13
FANG
Diamondback
3.57%
Energy
+28.1%
+1.01%
Permian pure-play
14
CEG
Constellation Energy
3.57%
Power / Nuclear
−25.5%
−0.91%
Nuclear fleet
15
LHX
L3Harris
3.57%
Defense
−14.8%
−0.53%
C4ISR/defense tech
16
SLB
Schlumberger
3.57%
Energy
+37.1%
+1.33%
Oilfield services
17
EPD
Enterprise Products
3.57%
Energy
+25.6%
+0.92%
Midstream toll
18
VST
Vistra Energy
2.98%
Power / AI Datacenter
−12.3%
−0.37%
Independent power
19
WMB
Williams Companies
2.98%
Energy
+21.8%
+0.65%
WATCH Aug 22 — off-grid turbine failures at 3 of 4 U.S. sites; falsifier on file. Nat-gas backbone
20
HII
HII
2.98%
Defense
−17.8%
−0.53%
Naval shipbuilding
21
OXY
Occidental
2.98%
Energy
+41.2%
+1.23%
Permian + carbon
22
CCJ
Cameco
2.98%
Power/Infra
+1.9%
+0.06%
Uranium supply
23
MP
MP Materials
2.38%
Power/Infra
−1.0%
−0.02%
Rare earths
24
WPM
Wheaton PM
2.38%
Gold/Silv
+26.2%
+0.63%
Streaming royalties
25
HWM
Howmet Aerospace
2.38%
Defense
+11.1%
+0.26%
Aero structures
TOTAL
99.50%
Capital Wealth Hard Assets · Theme 1 Concentrated Core · $500K (B)
Theme 1 · Fiscal-Dominance Inflation — Concentrated Real-Asset Core. The pure energy / defense / gold / power expression of the Theme 1 regime, without the banks, AI, TIPS, and international sleeves that diversify the flagship. Real-economy leverage — integrated energy and midstream, the $1.5T defense build, gold and critical-materials miners, and the power/nuclear names. Built for inflation, geopolitics, and supply scarcity. $500K tier of the A/B/C/D Thematic Series — concentrated at $100K, broadest at $500K. Portal-synced via slug hardassets_500k. Performance (current weights, Sep 21 close): YTD +20.5% · 1-yr +25.4% · annualized since inception (2.5 yrs) +29.3%.
#
Ticker
Name
Weight
Sector / Theme
YTD
Contrib
Thesis
1
XOM
ExxonMobil
6.46%
Energy
+34.2%
+2.22%
Integrated major
2
CVX
Chevron
5.35%
Energy
+37.4%
+2.01%
Integrated major
3
LMT
Lockheed Martin
5.35%
Defense
+12.7%
+0.68%
Defense prime
4
RTX
RTX Corp
5.35%
Defense
+7.1%
+0.38%
Defense + aero aftermarket
5
COP
ConocoPhillips
4.28%
Energy
+39.2%
+1.69%
Low-cost E&P
6
GEV
GE Vernova
4.28%
Power
+45.1%
+1.94%
Grid + gas turbines
7
NOC
Northrop Grumman
4.28%
Defense
−6.5%
−0.28%
Strategic deterrent
8
GD
General Dynamics
3.74%
Defense
+6.5%
+0.24%
Combat systems
9
EOG
EOG Resources
3.74%
Energy
+38.0%
+1.43%
Premium E&P
10
IAU
iShares Gold
3.74%
Gold
+0.6%
+0.02%
Gold bullion
11
LNG
Cheniere Energy
3.74%
Energy
+42.5%
+1.60%
US LNG export
12
NEM
Newmont
3.21%
Materials / Gold
+24.0%
+0.78%
Gold miner leverage
13
FANG
Diamondback
3.21%
Energy
+28.1%
+0.90%
Permian pure-play
14
CEG
Constellation Energy
3.21%
Power / Nuclear
−25.5%
−0.82%
Nuclear fleet
15
LHX
L3Harris
3.21%
Defense
−14.8%
−0.48%
C4ISR/defense tech
16
SLB
Schlumberger
3.21%
Energy
+37.1%
+1.20%
Oilfield services
17
EPD
Enterprise Products
3.21%
Energy
+25.6%
+0.82%
Midstream toll
18
VST
Vistra Energy
2.67%
Power / AI Datacenter
−12.3%
−0.33%
Independent power
19
WMB
Williams Companies
2.67%
Energy
+21.8%
+0.59%
WATCH Aug 22 — off-grid turbine failures at 3 of 4 U.S. sites; falsifier on file. Nat-gas backbone
20
HII
HII
2.67%
Defense
−17.8%
−0.48%
Naval shipbuilding
21
OXY
Occidental
2.67%
Energy
+41.2%
+1.11%
Permian + carbon
22
CCJ
Cameco
2.67%
Power/Infra
+1.9%
+0.05%
Uranium supply
23
MP
MP Materials
2.14%
Power/Infra
−1.0%
−0.02%
Rare earths
24
WPM
Wheaton PM
2.14%
Gold/Silv
+26.2%
+0.56%
Streaming royalties
25
HWM
Howmet Aerospace
2.14%
Defense
+11.1%
+0.24%
Aero structures
26
KMI
Kinder Morgan
2.14%
Energy
+18.7%
+0.40%
Nat-gas infra
27
URA
Global X Uranium ETF
2.14%
Uranium
+0.6%
+0.01%
Uranium basket
28
PWR
Quanta Services
2.14%
DC/Power
+52.3%
+1.13%
Grid build
29
NEE
NextEra Energy
2.14%
Power
+1.4%
+0.03%
Renewables + utility
30
SGOV
iShares 0-3M Treasury ETF
1.60%
Fixed Income / Cash
+2.6%
+0.04%
Cash sleeve
TOTAL
99.50%
Capital Wealth Global & Emerging · $100K · Thematic (C)
The world ex-US — developed-market quality (Europe, Japan) and emerging-market growth (India, Taiwan, Korea, Brazil) via single-name ADRs and broad regional ETFs, with a small US anchor. $100K tier of the A/B/C/D Thematic Series — concentrated at $100K, broadest at $500K. Portal-synced via slug global_100k. Performance (current weights, Sep 21 close): YTD +20.7% · 1-yr +26.9% · 5-yr annualized +16.6% · 2022 stress −14.5% vs S&P 500 −18.2%.
#
Ticker
Name
Weight
Sector / Theme
YTD
Contrib
Thesis
1
TSM
Taiwan Semiconductor
10.15%
AI Semis
+47.6%
+4.86%
Taiwan foundry — AI core
2
ASML
ASML Holding NV
8.70%
International / Developed
+60.7%
+5.31%
Netherlands — EUV monopoly
3
VEA
Vanguard FTSE Developed Markets ETF
6.03%
Developed ex-US
+16.8%
+1.02%
Developed ex-US broad
4
VWO
Vanguard FTSE Emerging Markets ETF
6.03%
Emerging Markets
+14.1%
+0.85%
Emerging markets broad
5
NVO
Novo Nordisk A/S
6.53%
International / Developed
−17.9%
−1.17%
Denmark — GLP-1 leader
6
SAP
SAP SE
6.53%
International / Developed
−12.4%
−0.81%
Germany — ERP standard
7
IBN
ICICI Bank
5.81%
International / EM
−4.2%
−0.24%
India — banking leader
8
INDA
iShares MSCI India ETF
5.81%
International / EM
−10.3%
−0.60%
India broad
9
TM
Toyota Motor Corp
5.81%
International / Developed
−10.1%
−0.59%
Japan — autos
10
SONY
Sony
5.08%
Consumer Discretionary
−7.8%
−0.40%
Japan — content/sensors
11
EWJ
iShares MSCI Japan ETF
5.08%
International / Developed
+22.0%
+1.12%
Japan broad
12
AZN
AstraZeneca
5.08%
Pharma
−7.6%
−0.39%
UK — oncology
13
EWY
iShares MSCI Korea ETF
5.08%
International / EM
+94.6%
+4.83%
Korea — Samsung proxy
14
EWT
iShares MSCI Taiwan ETF
5.08%
International / EM
+82.0%
+4.19%
Taiwan broad
15
HSBC
HSBC Holdings
4.35%
International / Bank
+36.3%
+1.59%
UK/Asia bank
16
SAN
SAN
4.35%
+26.2%
+1.14%
Spain — Eurozone bank
TOTAL
99.50%
+
PM
Philip Morris Intl
1.25%
Tobacco / Defensive
+18.9%
+0.24%
Zyn / IQOS — 41% of 2025 sales now smoke-free (WSJ, Jul 10 2026)
+
BTI
British American Tobacco
1.25%
Tobacco / Defensive
+1.3%
+0.02%
Vuse / Velo Plus; US pouch share 6.7%→16.2% in 2025 (Jefferies)
+
VGK
Vanguard FTSE Europe ETF
1.50%
International / Diversifier
+9.0%
+0.14%
NEW Aug 22 — Stoxx 600 EPS +18% (+7% ex-energy); ~10% tech weight vs ~40% S&P — the honest AI-concentration offset (WSJ Heard, Aug 22)
Capital Wealth Global & Emerging · $250K · Thematic (C)
The world ex-US — developed-market quality (Europe, Japan) and emerging-market growth (India, Taiwan, Korea, Brazil) via single-name ADRs and broad regional ETFs, with a small US anchor. $250K tier of the A/B/C/D Thematic Series — concentrated at $100K, broadest at $500K. Portal-synced via slug global_250k. Performance (current weights, Sep 21 close): YTD +19.1% · 1-yr +23.5% · 5-yr annualized +16.8% · 2022 stress −15.2% vs S&P 500 −18.2%.
#
Ticker
Name
Weight
Sector / Theme
YTD
Contrib
Thesis
1
TSM
Taiwan Semiconductor
8.37%
AI Semis
+47.6%
+4.01%
Taiwan foundry — AI core
2
ASML
ASML Holding NV
7.22%
International / Developed
+60.7%
+4.41%
Netherlands — EUV monopoly
3
VEA
Vanguard FTSE Developed Markets ETF
4.78%
Developed ex-US
+16.8%
+0.81%
Developed ex-US broad
4
VWO
Vanguard FTSE Emerging Markets ETF
4.78%
Emerging Markets
+14.1%
+0.68%
Emerging markets broad
5
NVO
Novo Nordisk A/S
5.41%
International / Developed
−17.9%
−0.97%
Denmark — GLP-1 leader
6
SAP
SAP SE
5.41%
International / Developed
−12.4%
−0.67%
Germany — ERP standard
7
IBN
ICICI Bank
4.81%
International / EM
−4.2%
−0.20%
India — banking leader
8
INDA
iShares MSCI India ETF
4.81%
International / EM
−10.3%
−0.50%
India broad
9
TM
Toyota Motor Corp
4.81%
International / Developed
−10.1%
−0.49%
Japan — autos
10
SONY
Sony
4.21%
Consumer Discretionary
−7.8%
−0.33%
Japan — content/sensors
11
EWJ
iShares MSCI Japan ETF
4.21%
International / Developed
+22.0%
+0.93%
Japan broad
12
AZN
AstraZeneca
4.21%
Pharma
−7.6%
−0.32%
UK — oncology
13
EWY
iShares MSCI Korea ETF
4.21%
International / EM
+94.6%
+4.00%
Korea — Samsung proxy
14
EWT
iShares MSCI Taiwan ETF
4.21%
International / EM
+82.0%
+3.47%
Taiwan broad
15
HSBC
HSBC Holdings
3.61%
International / Bank
+36.3%
+1.32%
UK/Asia bank
16
SAN
SAN
3.61%
+26.2%
+0.95%
Spain — Eurozone bank
17
PBR
Petrobras
3.61%
International / EM
+81.6%
+2.96%
Brazil — energy major
18
EZU
iShares MSCI Eurozone ETF
3.61%
International / Developed
+9.6%
+0.35%
Eurozone broad
19
EFA
iShares MSCI EAFE Developed ex-US
3.61%
International / Developed
+12.3%
+0.45%
EAFE developed
20
CPNG
Coupang Inc
3.00%
International / EM
−38.0%
−1.15%
Korea — e-commerce
21
SHOP
SHOP
3.00%
−14.3%
−0.43%
Canada — commerce
TOTAL
99.50%
+
PM
Philip Morris Intl
1.25%
Tobacco / Defensive
+18.9%
+0.24%
Zyn / IQOS — 41% of 2025 sales now smoke-free (WSJ, Jul 10 2026)
+
BTI
British American Tobacco
1.25%
Tobacco / Defensive
+1.3%
+0.02%
Vuse / Velo Plus; US pouch share 6.7%→16.2% in 2025 (Jefferies)
+
VGK
Vanguard FTSE Europe ETF
1.50%
International / Diversifier
+9.0%
+0.14%
NEW Aug 22 — Stoxx 600 EPS +18% (+7% ex-energy); ~10% tech weight vs ~40% S&P — the honest AI-concentration offset (WSJ Heard, Aug 22)
Capital Wealth Global & Emerging · $500K · Thematic (C)
The world ex-US — developed-market quality (Europe, Japan) and emerging-market growth (India, Taiwan, Korea, Brazil) via single-name ADRs and broad regional ETFs, with a small US anchor. $500K tier of the A/B/C/D Thematic Series — concentrated at $100K, broadest at $500K. Portal-synced via slug global_500k. Performance (current weights, Sep 21 close): YTD +22.2% · 1-yr +26.1% · annualized since inception (3.0 yrs) +27.9%.
#
Ticker
Name
Weight
Sector / Theme
YTD
Contrib
Thesis
1
TSM
Taiwan Semiconductor
7.55%
AI Semis
+47.6%
+3.61%
Taiwan foundry — AI core
2
ASML
ASML Holding NV
6.49%
International / Developed
+60.7%
+3.96%
Netherlands — EUV monopoly
3
VEA
Vanguard FTSE Developed Markets ETF
4.58%
Developed ex-US
+16.8%
+0.77%
Developed ex-US broad
4
VWO
Vanguard FTSE Emerging Markets ETF
5.41%
Emerging Markets
+14.1%
+0.77%
Emerging markets broad
5
NVO
Novo Nordisk A/S
4.87%
International / Developed
−17.9%
−0.87%
Denmark — GLP-1 leader
6
SAP
SAP SE
4.87%
International / Developed
−12.4%
−0.61%
Germany — ERP standard
7
IBN
ICICI Bank
4.33%
International / EM
−4.2%
−0.18%
India — banking leader
8
INDA
iShares MSCI India ETF
4.33%
International / EM
−10.3%
−0.45%
India broad
9
TM
Toyota Motor Corp
4.33%
International / Developed
−10.1%
−0.44%
Japan — autos
10
SONY
Sony
3.79%
Consumer Discretionary
−7.8%
−0.30%
Japan — content/sensors
11
EWJ
iShares MSCI Japan ETF
3.79%
International / Developed
+22.0%
+0.84%
Japan broad
12
AZN
AstraZeneca
3.79%
Pharma
−7.6%
−0.29%
UK — oncology
13
EWY
iShares MSCI Korea ETF
3.79%
International / EM
+94.6%
+3.60%
Korea — Samsung proxy
14
EWT
iShares MSCI Taiwan ETF
3.79%
International / EM
+82.0%
+3.12%
Taiwan broad
15
HSBC
HSBC Holdings
3.25%
International / Bank
+36.3%
+1.19%
UK/Asia bank
16
SAN
SAN
3.25%
+26.2%
+0.85%
Spain — Eurozone bank
17
PBR
Petrobras
3.25%
International / EM
+81.6%
+2.67%
Brazil — energy major
18
EZU
iShares MSCI Eurozone ETF
3.25%
International / Developed
+9.6%
+0.31%
Eurozone broad
19
EFA
iShares MSCI EAFE Developed ex-US
3.25%
International / Developed
+12.3%
+0.40%
EAFE developed
20
CPNG
Coupang Inc
2.71%
International / EM
−38.0%
−1.04%
Korea — e-commerce
21
SHOP
SHOP
2.71%
−14.3%
−0.39%
Canada — commerce
22
ARM
Arm Holdings
2.71%
AI Semis
+195.4%
+5.32%
UK — AI compute IP
23
VOO
Vanguard S&P 500 ETF
3.25%
Core US Equity
+14.3%
+0.47%
US anchor
24
IAU
iShares Gold
2.16%
Gold
+0.6%
+0.01%
Gold hedge
25
SGOV
iShares 0-3M Treasury ETF
0.00%
Fixed Income / Cash
+2.6%
+0.00%
Cash sleeve
TOTAL
99.50%
+
PM
Philip Morris Intl
1.25%
Tobacco / Defensive
+18.9%
+0.24%
Zyn / IQOS — 41% of 2025 sales now smoke-free (WSJ, Jul 10 2026)
+
BTI
British American Tobacco
1.25%
Tobacco / Defensive
+1.3%
+0.02%
Vuse / Velo Plus; US pouch share 6.7%→16.2% in 2025 (Jefferies)
+
VGK
Vanguard FTSE Europe ETF
1.50%
International / Diversifier
+9.0%
+0.14%
NEW Aug 22 — Stoxx 600 EPS +18% (+7% ex-energy); ~10% tech weight vs ~40% S&P — the honest AI-concentration offset (WSJ Heard, Aug 22)
Capital Wealth Income & Quality · $100K · Thematic (D)
Compounding with a paycheck — dividend-growth ETFs, quality financials, staples and healthcare, energy income and midstream, REITs, a covered-call sleeve, and a short-duration bond anchor. $100K tier of the A/B/C/D Thematic Series — concentrated at $100K, broadest at $500K. Portal-synced via slug incomeq_100k. Performance (current weights, Sep 21 close): YTD +17.0% · 1-yr +23.2% · 5-yr annualized +18.6% · 2022 stress +8.7% vs S&P 500 −18.2%.
#
Ticker
Name
Weight
Sector / Theme
YTD
Contrib
Thesis
1
SCHD
Schwab US Dividend ETF
7.78%
Div Core
+25.0%
+1.95%
Div-growth core
2
JPM
JPMorgan
7.73%
Bank
+10.8%
+0.84%
Money-center bank
3
VYM
Vanguard High Div ETF
6.18%
Div Core
+13.1%
+0.81%
High-div core
4
BRK.B
Berkshire
6.95%
Conglom
−0.1%
−0.01%
Diversified compounder
5
COST
Costco
6.18%
Staples
+4.7%
+0.29%
Staples compounder
6
LLY
Eli Lilly
6.18%
Pharma
+8.9%
+0.55%
Pharma anchor
7
DGRO
iShares Div Growth ETF
5.41%
Div Core
+12.6%
+0.69%
Div-growth core
8
XOM
ExxonMobil
5.41%
Energy
+34.2%
+1.86%
Energy income
9
JNJ
Johnson & Johnson
5.41%
Div Growth
+32.3%
+1.76%
Healthcare staple
10
GS
Goldman Sachs
4.64%
Bank
+10.7%
+0.50%
Trading/advisory
11
MS
Morgan Stanley
4.64%
Bank
+18.0%
+0.84%
Wealth franchise
12
PG
Procter & Gamble
4.64%
Staples
+4.2%
+0.20%
Consumer staple
13
ABBV
AbbVie
4.64%
Quality Single-Stock
+18.5%
+0.86%
Pharma + dividend
14
CVX
Chevron
4.64%
Energy
+37.4%
+1.74%
Energy income
15
KO
Coca-Cola
3.09%
Div Growth
+27.0%
+0.84%
Beverages
16
PEP
PepsiCo
3.09%
Div Growth
−7.0%
−0.22%
Snacks/beverages
17
EPD
Enterprise Products
3.86%
Energy
+25.6%
+0.99%
Midstream yield
+
PM
Philip Morris Intl
3.16%
Div Growth
+18.9%
+0.60%
NEW Jul 11 — dividend grower w/ ZYN smoke-free engine; Siegel 1957–2003: +19.75%/yr vs S&P +10.85%
+
MO
Altria Group
2.37%
Div Growth
+24.6%
+0.59%
NEW Jul 11 — highest-yield S&P staple (~6.7%); pricing power through every cycle
TOTAL
99.50%
+
BTI
British American Tobacco
1.50%
Tobacco / Defensive
+1.3%
+0.02%
Vuse / Velo Plus; US pouch share 6.7%→16.2% in 2025 (Jefferies)
+
USFR
WisdomTree Floating Rate Treasury
2.00%
Income / Rates
+2.9%
+0.06%
NEW Aug 22 — floating coupon resets UP if the Fed hikes; prediction markets price ~30% odds for Sept, 86% odds of zero cuts in 2026 (WSJ Aug 21–22)
Capital Wealth Income & Quality · $250K · Thematic (D)
Compounding with a paycheck — dividend-growth ETFs, quality financials, staples and healthcare, energy income and midstream, REITs, a covered-call sleeve, and a short-duration bond anchor. $250K tier of the A/B/C/D Thematic Series — concentrated at $100K, broadest at $500K. Portal-synced via slug incomeq_250k. Performance (current weights, Sep 21 close): YTD +16.3% · 1-yr +22.5% · 5-yr annualized +18.1% · 2022 stress +10.7% vs S&P 500 −18.2%.
#
Ticker
Name
Weight
Sector / Theme
YTD
Contrib
Thesis
1
SCHD
Schwab US Dividend ETF
5.72%
Div Core
+25.0%
+1.43%
Div-growth core
2
JPM
JPMorgan
6.54%
Bank
+10.8%
+0.71%
Money-center bank
3
VYM
Vanguard High Div ETF
5.23%
Div Core
+13.1%
+0.69%
High-div core
4
BRK.B
Berkshire
5.88%
Conglom
−0.1%
−0.01%
Diversified compounder
5
COST
Costco
5.23%
Staples
+4.7%
+0.24%
Staples compounder
6
LLY
Eli Lilly
5.23%
Pharma
+8.9%
+0.47%
Pharma anchor
7
DGRO
iShares Div Growth ETF
3.92%
Div Core
+12.6%
+0.50%
Div-growth core
8
XOM
ExxonMobil
4.57%
Energy
+34.2%
+1.57%
Energy income
9
JNJ
Johnson & Johnson
4.57%
Div Growth
+32.3%
+1.48%
Healthcare staple
10
GS
Goldman Sachs
3.92%
Bank
+10.7%
+0.42%
Trading/advisory
11
MS
Morgan Stanley
3.92%
Bank
+18.0%
+0.71%
Wealth franchise
12
PG
Procter & Gamble
3.92%
Staples
+4.2%
+0.17%
Consumer staple
13
ABBV
AbbVie
3.92%
Quality Single-Stock
+18.5%
+0.73%
Pharma + dividend
14
CVX
Chevron
3.92%
Energy
+37.4%
+1.47%
Energy income
15
KO
Coca-Cola
3.27%
Div Growth
+27.0%
+0.89%
Beverages
16
PEP
PepsiCo
3.27%
Div Growth
−7.0%
−0.23%
Snacks/beverages
17
EPD
Enterprise Products
3.27%
Energy
+25.6%
+0.84%
Midstream yield
18
O
Realty Income
3.27%
REIT
+4.0%
+0.13%
Net-lease REIT
19
MRK
Merck & Co
3.27%
Quality Single-Stock
+45.0%
+1.48%
REINFORCED Aug 22 — partner on Moderna’s melanoma-vaccine breakthrough, without the 177% squeeze. Pharma
20
WMT
Walmart
3.27%
Staples
−2.9%
−0.10%
Defensive retail
21
VICI
VICI Properties
2.61%
REIT
−9.9%
−0.26%
Gaming REIT
22
ET
Energy Transfer
2.61%
Midstream
+33.6%
+0.88%
Midstream yield
+
PM
Philip Morris Intl
2.67%
Div Growth
+18.9%
+0.51%
NEW Jul 11 — dividend grower w/ ZYN smoke-free engine; Siegel 1957–2003: +19.75%/yr vs S&P +10.85%
+
MO
Altria Group
2.00%
Div Growth
+24.6%
+0.49%
NEW Jul 11 — highest-yield S&P staple (~6.7%); pricing power through every cycle
TOTAL
99.50%
+
BTI
British American Tobacco
1.50%
Tobacco / Defensive
+1.3%
+0.02%
Vuse / Velo Plus; US pouch share 6.7%→16.2% in 2025 (Jefferies)
+
USFR
WisdomTree Floating Rate Treasury
2.00%
Income / Rates
+2.9%
+0.06%
NEW Aug 22 — floating coupon resets UP if the Fed hikes; prediction markets price ~30% odds for Sept, 86% odds of zero cuts in 2026 (WSJ Aug 21–22)
Capital Wealth Income & Quality · $500K · Thematic (D)
Compounding with a paycheck — dividend-growth ETFs, quality financials, staples and healthcare, energy income and midstream, REITs, a covered-call sleeve, and a short-duration bond anchor. $500K tier of the A/B/C/D Thematic Series — concentrated at $100K, broadest at $500K. Portal-synced via slug incomeq_500k. Performance (current weights, Sep 21 close): YTD +15.1% · 1-yr +21.2% · annualized since inception (4.4 yrs) +15.9%.
#
Ticker
Name
Weight
Sector / Theme
YTD
Contrib
Thesis
1
SCHD
Schwab US Dividend ETF
6.25%
Div Core
+25.0%
+1.57%
Div-growth core
2
JPM
JPMorgan
5.73%
Bank
+10.8%
+0.62%
Money-center bank
3
VYM
Vanguard High Div ETF
4.58%
Div Core
+13.1%
+0.60%
High-div core
4
BRK.B
Berkshire
5.16%
Conglom
−0.1%
−0.01%
Diversified compounder
5
COST
Costco
4.58%
Staples
+4.7%
+0.21%
Staples compounder
6
LLY
Eli Lilly
4.58%
Pharma
+8.9%
+0.41%
Pharma anchor
7
DGRO
iShares Div Growth ETF
3.44%
Div Core
+12.6%
+0.44%
Div-growth core
8
XOM
ExxonMobil
4.01%
Energy
+34.2%
+1.38%
Energy income
9
JNJ
Johnson & Johnson
4.01%
Div Growth
+32.3%
+1.30%
Healthcare staple
10
GS
Goldman Sachs
3.44%
Bank
+10.7%
+0.37%
Trading/advisory
11
MS
Morgan Stanley
3.44%
Bank
+18.0%
+0.62%
Wealth franchise
12
PG
Procter & Gamble
3.44%
Staples
+4.2%
+0.15%
Consumer staple
13
ABBV
AbbVie
3.44%
Quality Single-Stock
+18.5%
+0.64%
Pharma + dividend
14
CVX
Chevron
3.44%
Energy
+37.4%
+1.29%
Energy income
15
KO
Coca-Cola
2.87%
Div Growth
+27.0%
+0.78%
Beverages
16
PEP
PepsiCo
2.87%
Div Growth
−7.0%
−0.20%
Snacks/beverages
17
EPD
Enterprise Products
2.87%
Energy
+25.6%
+0.74%
Midstream yield
18
O
Realty Income
2.87%
REIT
+4.0%
+0.12%
Net-lease REIT
19
MRK
Merck & Co
2.87%
Quality Single-Stock
+45.0%
+1.30%
REINFORCED Aug 22 — partner on Moderna’s melanoma-vaccine breakthrough, without the 177% squeeze. Pharma
20
WMT
Walmart
2.87%
Staples
−2.9%
−0.09%
Defensive retail
21
VICI
VICI Properties
2.29%
REIT
−9.9%
−0.23%
Gaming REIT
22
ET
Energy Transfer
2.29%
Midstream
+33.6%
+0.77%
Midstream yield
23
JEPI
JPMorgan Equity Premium
2.87%
Covered Call
+4.4%
+0.13%
Covered-call income
24
JEPQ
JPMorgan Nasdaq Premium
2.29%
Covered Call
+13.7%
+0.32%
Nasdaq covered-call
25
IAU
iShares Gold
2.29%
Gold
+0.6%
+0.01%
Gold hedge
26
TLT
iShares 20+Y Treasury ETF
2.29%
Long Treasury
−3.3%
−0.08%
Long Treasury
27
SGOV
iShares 0-3M Treasury ETF
0.82%
Fixed Income / Cash
+2.6%
+0.02%
Cash sleeve
+
PM
Philip Morris Intl
2.34%
Div Growth
+18.9%
+0.44%
NEW Jul 11 — dividend grower w/ ZYN smoke-free engine; Siegel 1957–2003: +19.75%/yr vs S&P +10.85%
+
MO
Altria Group
1.76%
Div Growth
+24.6%
+0.44%
NEW Jul 11 — highest-yield S&P staple (~6.7%); pricing power through every cycle
TOTAL
99.50%
+
BTI
British American Tobacco
1.50%
Tobacco / Defensive
+1.3%
+0.02%
Vuse / Velo Plus; US pouch share 6.7%→16.2% in 2025 (Jefferies)
+
USFR
WisdomTree Floating Rate Treasury
2.00%
Income / Rates
+2.9%
+0.06%
NEW Aug 22 — floating coupon resets UP if the Fed hikes; prediction markets price ~30% odds for Sept, 86% odds of zero cuts in 2026 (WSJ Aug 21–22)
The house base case. Built for a regime where deficits are funded into a hot economy and the long end won’t rally — so we own durable cash flow and real assets, not duration. Diversified across eight sleeves (energy & midstream, gold & miners, defense backlog, pricing-power compounders, banks, AI picks-and-shovels, short-duration TIPS/T-bills ballast, real-economy international) — no sleeve over 15%, every name under the 5% single-stock cap per the house concentration rule. The Hard Assets books (slugs hardassets_100k/250k/500k) are the concentrated real-asset core of this same regime — fewer sleeves, more conviction. Bond signal: 10Y ~4.45% with the curve steepening on term premium, not cuts; PCE 4.1%, the Fed shifting from cuts to hikes. Thesis basis: IN15 real assets · IN09 concentration discipline · IN04 inflation risk. 38 positions. Scenario stress test (illustrative, 1-yr): Inflation +12.2% · AI Capex +11.3% · Soft Landing +9.9% · Stagflation +4.4% — positive in every regime. Portal-synced via slug theme1_inflation. Performance (current weights, Sep 18 close): YTD +25.7% · 1-yr +34.8% · 5-yr annualized +26.0% · 2022 stress +11.7% vs S&P 500 −18.2%.Post-election destination — inflation path. Where the reserve goes instead when the fall decline is driven by a hot inflation print and a hiking Fed rather than ordinary election chop: buy the book built for the cause. Pre-assigned to road S3, “Fiscal Heat Into The Vote” (see the September Letter). Measured May 1 2024 – Sep 4 2026, monthly, against the S&P 500 Total Return: annualized +33.51% · standard deviation 10.49% · Sharpe 2.70 · Sortino 5.58 · maximum drawdown −10.79% · benchmark correlation 0.48 — the best risk-adjusted result of the four books tested, at roughly half the drawdown of the base-case destination. Past performance does not guarantee future results.
Accelerator standard; netted against the real-asset book
27
AVGO
Broadcom
3.00%
AI Picks-and-Shovels
+5.4%
+0.16%
Custom silicon + networking, recurring software
28
MU
Micron
2.00%
AI Picks-and-Shovels
+266.0%
+5.35%
HBM bottleneck; ~80% gross-margin memory pricing
29
VRT
Vertiv
2.00%
AI Picks-and-Shovels
+54.9%
+1.10%
Data-center power & cooling — the shovel, not the chip
30
ANET
Arista Networks
2.00%
AI Picks-and-Shovels
+56.8%
+1.14%
Data-center networking for AI clusters
31
VTIP
Vanguard Short-Term TIPS
8.00%
TIPS & T-Bills Ballast
+1.2%
+0.10%
Sep 1 — moved from TIP: same inflation link, a third of the duration (TIP +0.3% vs VTIP +1.8% YTD; the drag was real yields repricing, not the CPI accrual)
32
SGOV
iShares 0-3M Treasury
2.00%
TIPS & T-Bills Ballast
+2.6%
+0.05%
Cash equivalent — liquidity + rebalancing source
34
PBR
Petrobras
2.50%
Real-Economy International
+81.6%
+2.05%
High-yield deepwater barrels, EM commodity exporter
35
SHEL
Shell
2.50%
Real-Economy International
+32.2%
+0.81%
Intl integrated + LNG, valuation discount
36
VALE
Vale
2.00%
Real-Economy International
+11.7%
+0.23%
Iron ore + copper; real-asset EM leverage
37
TTE
TotalEnergies
2.00%
Real-Economy International
+39.1%
+0.79%
European integrated major, LNG + dividend
38
EWZ
iShares MSCI Brazil
1.00%
Real-Economy International
+21.0%
+0.21%
Commodity-exporter EM basket, real-rate beneficiary
TOTAL
99.50%
+
PM
Philip Morris Intl
1.50%
Tobacco / Defensive
+18.9%
+0.28%
Zyn / IQOS — 41% of 2025 sales now smoke-free (WSJ, Jul 10 2026)
+
BTI
British American Tobacco
1.00%
Tobacco / Defensive
+1.3%
+0.01%
Vuse / Velo Plus; US pouch share 6.7%→16.2% in 2025 (Jefferies)
Capital Wealth Theme 2 · AI Capex Supercycle · $100K · Cycle Theme
The build-out as an infrastructure decade — owned across the whole value chain, not one chip. Eight sleeves: compute & custom silicon, memory & fab equipment, power & electrification, hyperscaler end-demand, data-center REITs, materials, networking/optical, and a T-bill + gold ballast — so if compute derates, power/REITs/memory still carry. Bond signal: record IG issuance is financing data centers; US power demand inflecting up for the first time in ~20 years. Largely independent of the rate cycle. Thesis basis: IN08 secular-growth thesis · IN09 theme-overlap netting. 30 positions. Scenario stress test (illustrative, 1-yr): Inflation +9.0% · AI Capex +25.1% · Soft Landing +15.4% · Stagflation −4.6% — biggest upside, biggest downside. Portal-synced via slug theme2_aicapex. Performance (current weights, Sep 21 close): YTD +47.9% · 1-yr +64.2% · annualized since inception (2.5 yrs) +46.4%.
The hedge — the hardest regime, and the one the base case is closest to slipping into. Eight low-beta + real-asset sleeves: quality dividend compounders, healthcare, gold + TIPS, staples, utilities, energy, T-bills/short cash, and min-vol international. Bond signal: front end stays high on inflation, the long end can’t rally far, credit spreads widen as growth slows — duration alone won’t save you. The 1970s playbook. Thesis basis: IN04 downside-risk management · IN15 real assets · IN09 low-beta diversification. 30 positions. Scenario stress test (illustrative, 1-yr): Inflation +8.8% · AI Capex +7.0% · Soft Landing +6.8% · Stagflation +8.8% — the flat, all-weather hedge. Portal-synced via slug theme4_stagflation. Performance (current weights, Sep 21 close): YTD +8.8% · 1-yr +14.9% · 5-yr annualized +12.5% · 2022 stress +6.4% vs S&P 500 −18.2%.
#
Ticker
Name
Weight
Sector / Theme
YTD
Contrib
Thesis
1
ABBV
AbbVie
3.43%
Dividend Compounders
+18.5%
+0.64%
Pharma + durable dividend
2
JNJ
Johnson & Johnson
3.43%
Dividend Compounders
+32.3%
+1.11%
Healthcare staple compounder
3
PEP
PepsiCo
2.94%
Dividend Compounders
−7.0%
−0.21%
Snacks/beverages defensive
4
MCD
McDonald's
2.94%
Dividend Compounders
−17.3%
−0.51%
Defensive franchise cash flow
5
HD
Home Depot
2.94%
Dividend Compounders
−11.8%
−0.35%
Home-improvement cyclical
6
LLY
Eli Lilly
3.92%
Healthcare
+8.9%
+0.35%
GLP-1 franchise + pipeline
7
UNH
UnitedHealth
2.94%
Healthcare
+16.6%
+0.49%
Managed-care scale
8
ISRG
Intuitive Surgical
2.94%
Healthcare
−29.1%
−0.86%
Surgical robotics moat
9
TMO
Thermo Fisher
1.96%
Healthcare
+14.0%
+0.28%
Life-science tools leader
10
GILD
Gilead
1.96%
Healthcare
+24.9%
+0.49%
Pipeline + yield
11
IAU
iShares Gold
4.90%
Gold + TIPS Ballast
+0.6%
+0.03%
Gold ballast
12
GLD
SPDR Gold
2.94%
Gold + TIPS Ballast
+0.5%
+0.02%
Bullion inflation ballast
14
VTIP
Vanguard Short TIPS
5.88%
Gold + TIPS Ballast
+1.2%
+0.07%
Sep 1 — moved from TIP: same inflation link, a third of the duration (TIP +0.3% vs VTIP +1.8% YTD; the drag was real yields repricing, not the CPI accrual)
15
PG
Procter & Gamble
2.94%
Consumer Staples
+4.2%
+0.12%
Pass-through pricing staple
16
COST
Costco
2.94%
Consumer Staples
+4.7%
+0.14%
Membership compounder
17
KO
Coca-Cola
2.45%
Consumer Staples
+27.0%
+0.67%
Global pricing power
18
WMT
Walmart
2.45%
Consumer Staples
−2.9%
−0.07%
Defensive retail scale
19
CL
Colgate-Palmolive
0.49%
Consumer Staples
+11.2%
+0.05%
Consumer staple
20
NEE
NextEra Energy
2.94%
Utilities
+1.4%
+0.04%
Renewables + regulated utility scale
21
DUK
Duke Energy
2.94%
Utilities
+2.2%
+0.07%
Regulated utility
22
SO
Southern Co
1.96%
Utilities
+0.4%
+0.01%
Regulated utility + nuclear
23
D
Dominion Energy
1.96%
Utilities
+10.5%
+0.21%
Regulated utility
24
CVX
Chevron
3.92%
Energy Hedge
+37.4%
+1.47%
Integrated major, dividend
25
XOM
ExxonMobil
3.92%
Energy Hedge
+34.2%
+1.35%
Integrated major, buybacks
26
COP
ConocoPhillips
1.96%
Energy Hedge
+39.2%
+0.77%
Low-cost US E&P
27
SGOV
iShares 0-3M Treasury
7.29%
T-Bills / Short Cash
+2.6%
+0.19%
Cash equivalent ballast
28
BIL
SPDR 1-3M T-Bill
5.88%
T-Bills / Short Cash
+2.6%
+0.15%
1-3M T-bill cash
29
EFAV
iShares MSCI EAFE Min-Vol
4.41%
Min-Vol International
+10.4%
+0.46%
Min-vol developed intl
30
IEFA
iShares Core EAFE
3.43%
Min-Vol International
+12.5%
+0.43%
Core developed intl
TOTAL
99.50%
+
PM
Philip Morris Intl
1.50%
Tobacco / Defensive
+18.9%
+0.28%
Zyn / IQOS — 41% of 2025 sales now smoke-free (WSJ, Jul 10 2026)
+
BTI
British American Tobacco
1.00%
Tobacco / Defensive
+1.3%
+0.01%
Vuse / Velo Plus; US pouch share 6.7%→16.2% in 2025 (Jefferies)
+
USFR
WisdomTree Floating Rate Treasury
2.00%
Income / Rates
+2.9%
+0.06%
NEW Aug 22 — floating coupon resets UP if the Fed hikes; prediction markets price ~30% odds for Sept, 86% odds of zero cuts in 2026 (WSJ Aug 21–22)
Capital Wealth 403(b) North Star · Now · Through Nov. 3
The North Star inside a 403(b), through the vote: the same sleeves and the same 15% reserve as the North Star books, built from the Orion 403(b) menu. Fourteen mutual funds, every one open at Schwab, Matrix and Fidelity custody; weighted fund cost 0.36%. ETFs are restricted on the menu, so the reserve sits in short bond funds (VUSFX, VSBSX) in place of SGOV and USFR, and it spends on the North Star’s dates: a third at −8% from the Aug. 13 high (into VSEQX, the menu’s stand-in for the equal-weight RSP), a third at −12% (the power builders, VINAX and FSUTX), the last third the week of the vote. Performance (current weights, Sep 21 close): YTD +16.8% · 1-yr +22.1% · 5-yr annualized +15.1% · 2022 stress −2.9% vs S&P 500 −18.2%.
#
Ticker
Name
Weight
Sector / Theme
YTD
Contrib
Thesis
1
VUSFX
Vanguard Ultra-Short-Term Bond Admiral
9.00%
Reserve
+2.3%
+0.21%
The North Star’s bills in fund form: ETFs are restricted on this menu and no money-market fund is open at Matrix or Fidelity. Yields about 4.1%; fell 0.4% in 2022.
2
VSBSX
Vanguard Short-Term Treasury Index Admiral
6.00%
Reserve
+0.5%
+0.03%
The pure-Treasury half of the reserve. Spends in thirds on the North Star’s dates: −8%, −12%, the week of the vote.
3
FSENX
Fidelity Select Energy
14.00%
Energy
+47.4%
+6.68%
XOM, CVX, LNG, the refiners and midstream; tracks XLE at 0.98. Held, not chased.
4
VIGAX
Vanguard Growth Index Admiral
11.00%
AI / Tech
+12.1%
+1.34%
The platforms at 0.05%: NVDA, AAPL, MSFT, GOOGL, AMZN, AVGO, META.
5
FSPTX
Fidelity Select Technology
10.00%
AI / Tech
+44.1%
+4.43%
The chips: NVDA 23%, AVGO, MRVL, NXPI, WDC. Beat the growth index by about 7 points a year over 5 and 10 years.
6
FSDAX
Fidelity Select Defense & Aerospace
8.00%
Defense
+1.7%
+0.13%
The standing order: GE Aerospace, RTX, BA, HWM, GD. Up 6.8% in 2022.
7
VHCIX
Vanguard Health Care Index Admiral
9.00%
Healthcare
+11.3%
+1.02%
The midterm lean at 0.09%: LLY, JNJ, ABBV, MRK, UNH.
8
FFSIX
Fidelity Advisor Financials I
7.00%
Financials
+9.5%
+0.67%
Paid to lend: BAC, WFC, C, MS, CB. No financials index is open on the menu.
9
VCSAX
Vanguard Consumer Staples Index Admiral
6.00%
Staples
+6.7%
+0.41%
Pricing power: WMT, COST, KO, PG, PM.
10
VINAX
Vanguard Industrials Index Admiral
6.00%
Industrials / Power
+10.2%
+0.61%
CAT, GE, GEV, ETN at 0.09%: the machinery and the power builders.
11
FSUTX
Fidelity Select Utilities
5.00%
Power / Infra
−5.2%
−0.26%
NEE, CEG, VST, NRG: the grid’s bill. Beat the utility index over 5 and 10 years.
12
BGEIX
American Century Global Gold Investor
5.00%
Gold
+9.6%
+0.48%
Insurance. No bullion fund is open on the menu, and miners move about twice as much as gold, so the sleeve is 5% where the North Star holds 6%.
13
VEUSX
Vanguard European Stock Index Admiral
1.75%
International
+8.7%
+0.15%
VGK’s own Admiral share class (0.99 daily correlation).
14
VPADX
Vanguard Pacific Stock Index Admiral
1.75%
International
+30.4%
+0.54%
Samsung and SK Hynix are 12% of it: the closest thing to EWY on the menu.
TOTAL
99.50%
+ 9 more funds in this book
Top 5 holdings shown above. Clients see every fund, the reserve’s dates, and the menu check behind each one.
* Menu: Orion Fund Availability List, August 2026 (3,572 funds). Every fund in this book is Open at Schwab, Matrix and Fidelity custody with a $0 IRA minimum; ETFs are restricted on the menu. YTD and Contrib from the nightly bake. Returns are net of fund expenses and gross of the Orion admin fee and the advisory fee. Past performance does not guarantee future results.
Thesis — the North Star, fund for fund. Energy, the build-out, power, defense, gold, healthcare, financials and staples, each held through the cheapest fund on the menu that does the job; a 15% reserve waiting for its dates. Nothing new is bought until a date arrives.
Time horizon: 5+ years; the reserve is dated, the book is not
Liquidity need: 403(b) plan rules govern
Return objective: The S&P 500’s return with about three-quarters of its swings (beta 0.73)
Rebalancing trigger: The reserve’s three dates; quarterly otherwise
Excluded screens: ETFs (restricted on the menu), load share classes, any fund not open at all three custodians
Tax Location Guidance
Best fit: Pre-tax 403(b)
Acceptable: Roth 403(b), for the years of contributions ahead
Outside the 403(b): the same sleeves in an IRA or taxable account are the North Star books themselves
Effective Theme Exposure
Reserve · short Treasury paper (VUSFX + VSBSX)15%
Energy (FSENX)14%
AI / Tech (VIGAX + FSPTX)21%
Defense (FSDAX)8%
Healthcare (VHCIX)9%
Financials (FFSIX)7%
Staples (VCSAX)6%
Industrials / power builders (VINAX)6%
Power / Infra (FSUTX)5%
Gold (BGEIX)5%
International (VEUSX + VPADX)3.5%
Cash buffer (settlement reserve)0.5%
Total100%
Capital Wealth 403(b) North Star · After the Vote · Nov. 4 to Dec. 31
The same book once the reserve is spent. The three thirds land where the North Star’s rule sends them: 5% to VSEQX (the average stock, the menu’s stand-in for RSP), 5% to the power builders (VINAX, FSUTX), and the last third to the build-out (VIGAX, FSPTX), the core of the destination books. Nothing else moves. Thirteen funds; weighted fund cost 0.39%. The twelve months after a midterm vote have been positive nineteen times out of nineteen since 1950; this is the seat for them. Performance (current weights, Sep 21 close): YTD +19.1% · 1-yr +24.7% · 5-yr annualized +16.7% · 2022 stress −5.6% vs S&P 500 −18.2%.
#
Ticker
Name
Weight
Sector / Theme
YTD
Contrib
Thesis
1
FSENX
Fidelity Select Energy
14.00%
Energy
+47.4%
+6.68%
Unchanged. Held, not chased.
2
VIGAX
Vanguard Growth Index Admiral
13.50%
AI / Tech
+12.1%
+1.65%
Plus 2.5: half of the reserve’s last third, spent the week of the vote into the build-out.
3
FSPTX
Fidelity Select Technology
12.50%
AI / Tech
+44.1%
+5.54%
Plus 2.5: the other half of the last third.
4
VHCIX
Vanguard Health Care Index Admiral
9.00%
Healthcare
+11.3%
+1.02%
Unchanged.
5
VINAX
Vanguard Industrials Index Admiral
8.50%
Industrials / Power
+10.2%
+0.87%
Plus 2.5: half of the second third, the power builders (GEV, ETN, CAT).
6
FSDAX
Fidelity Select Defense & Aerospace
8.00%
Defense
+1.7%
+0.13%
Unchanged. The standing order.
7
FSUTX
Fidelity Select Utilities
7.50%
Power / Infra
−5.2%
−0.39%
Plus 2.5: the other half of the second third (VST, CEG, NRG).
8
FFSIX
Fidelity Advisor Financials I
7.00%
Financials
+9.5%
+0.67%
Unchanged.
9
VCSAX
Vanguard Consumer Staples Index Admiral
6.00%
Staples
+6.7%
+0.41%
Unchanged.
10
VSEQX
Vanguard Strategic Equity Investor
5.00%
The Average Stock
+18.1%
+0.91%
The first third: the menu’s stand-in for the equal-weight RSP (0.95 daily correlation). Beat the mid-cap index by about 4 points a year over five years.
11
BGEIX
American Century Global Gold Investor
5.00%
Gold
+9.6%
+0.48%
Unchanged. Permanent insurance.
12
VEUSX
Vanguard European Stock Index Admiral
1.75%
International
+8.7%
+0.15%
Unchanged.
13
VPADX
Vanguard Pacific Stock Index Admiral
1.75%
International
+30.4%
+0.54%
Unchanged.
TOTAL
99.50%
+ 8 more funds in this book
Top 5 holdings shown above. Clients see every fund, the reserve’s dates, and the menu check behind each one.
* Menu: Orion Fund Availability List, August 2026 (3,572 funds). Every fund in this book is Open at Schwab, Matrix and Fidelity custody with a $0 IRA minimum; ETFs are restricted on the menu. YTD and Contrib from the nightly bake. Returns are net of fund expenses and gross of the Orion admin fee and the advisory fee. Past performance does not guarantee future results.
Thesis — defense won the fall; offense takes the year. The reserve was always November’s shopping money. If the −8% and −12% levels never print before the vote, those two thirds spend on the reversal signals (the result known, the volatility premium gone, breadth widening) and no later than Friday, Nov. 20.
Return objective: The post-vote recovery at about nine-tenths of the market’s swings (beta 0.89)
Rebalancing trigger: Quarterly review; ±2% drift
Excluded screens: ETFs (restricted on the menu), load share classes, any fund not open at all three custodians
Tax Location Guidance
Best fit: Pre-tax 403(b)
Acceptable: Roth 403(b), for the years of contributions ahead
Outside the 403(b): the same sleeves in an IRA or taxable account are the North Star books themselves
Effective Theme Exposure
AI / Tech (VIGAX + FSPTX)26%
Energy (FSENX)14%
Healthcare (VHCIX)9%
Industrials / power builders (VINAX)8.5%
Defense (FSDAX)8%
Power / Infra (FSUTX)7.5%
Financials (FFSIX)7%
Staples (VCSAX)6%
The average stock (VSEQX)5%
Gold (BGEIX)5%
International (VEUSX + VPADX)3.5%
Cash buffer (settlement reserve)0.5%
Total100%
Capital Wealth 403(b) North Star · 2027 · Built on Written Criteria
The North Star 403(b) for the year after the vote, rebuilt on written criteria: every fund open at all three custodians; no load share classes; index funds at or under 0.10%; specialists at or under 0.75%, and only where they beat the cheapest index on the menu over five years without losing to it over ten; a ten-year record; $500M or more. Of 1,865 funds open everywhere, 69 equity funds clear every test. The weights follow the 2027 view: breadth (VSEQX 12%), the build-out, international value (SFNNX), energy trimmed to 9%, and 5% in short TIPS. Fifteen funds; weighted fund cost 0.31%. Performance (current weights, Sep 21 close): YTD +18.8% · 1-yr +24.2% · 5-yr annualized +15.1% · 2022 stress −8.5% vs S&P 500 −18.2%.
#
Ticker
Name
Weight
Sector / Theme
YTD
Contrib
Thesis
1
VIGAX
Vanguard Growth Index Admiral
16.50%
AI / Tech
+12.1%
+2.01%
The platforms at 0.05%. The largest single seat, because it is the cheapest.
2
VSEQX
Vanguard Strategic Equity Investor
12.00%
The Average Stock
+18.1%
+2.18%
Breadth: the typical stock is up 4% this year against 12% for the index. Five stars, 0.17%.
3
FSENX
Fidelity Select Energy
9.00%
Energy
+47.4%
+4.29%
Trimmed from 14: futures price December 2027 crude at $73.51 against $100 spot (Sept. 18).
4
VHCIX
Vanguard Health Care Index Admiral
9.00%
Healthcare
+11.3%
+1.02%
Cheap, and it has begun to turn. The index beats every active health fund on the menu over five years.
5
FSPTX
Fidelity Select Technology
6.00%
AI / Tech
+44.1%
+2.66%
The chips. New manager since July 2026: re-checked at every rebalance.
6
VINAX
Vanguard Industrials Index Admiral
6.00%
Industrials / Power
+10.2%
+0.61%
The machinery and the power builders at 0.09%.
7
FSDAX
Fidelity Select Defense & Aerospace
6.00%
Defense
+1.7%
+0.10%
The standing order, trimmed after a 29%-a-year three years.
8
SFNNX
Schwab Fundamental International Equity Index
6.00%
International
+22.4%
+1.35%
International value: beat the developed-markets index by 4 points a year over five years, 2 over ten. Five stars, 0.25%.
9
FFSIX
Fidelity Advisor Financials I
5.00%
Financials
+9.5%
+0.48%
Paid to lend with the 10-year near 5%.
10
FSUTX
Fidelity Select Utilities
5.00%
Power / Infra
−5.2%
−0.26%
The grid’s bill.
11
VTAPX
Vanguard Short-Term Inflation-Protected Securities Index Admiral
5.00%
Reserve
+1.2%
+0.06%
Short TIPS in place of bills: a reserve that keeps up with 3.4% inflation. Yields about 4.1%.
12
VCSAX
Vanguard Consumer Staples Index Admiral
4.00%
Staples
+6.7%
+0.27%
Pricing power, trimmed for the offense year.
13
VPADX
Vanguard Pacific Stock Index Admiral
4.00%
International
+30.4%
+1.22%
Samsung, SK Hynix, Tokyo Electron, Advantest: the Asian half of the build-out.
14
FDCPX
Fidelity Select Technology Hardware
3.00%
AI / Tech
+78.5%
+2.37%
The memory seat. Enters only if Micron’s Sept. 30 guidance confirms the shortage; if not, the 3% goes to FSPTX before January.
15
BGEIX
American Century Global Gold Investor
3.00%
Gold
+9.6%
+0.29%
Insurance, smaller in the offense year.
TOTAL
99.50%
+ 10 more funds in this book
Top 5 holdings shown above. Clients see every fund, the reserve’s dates, and the menu check behind each one.
* Menu: Orion Fund Availability List, August 2026 (3,572 funds). Every fund in this book is Open at Schwab, Matrix and Fidelity custody with a $0 IRA minimum; ETFs are restricted on the menu. YTD and Contrib from the nightly bake. Returns are net of fund expenses and gross of the Orion admin fee and the advisory fee. Past performance does not guarantee future results.
Thesis — the lowest cost that earns its seat. The index where the index does the job; a specialist only where it has beaten that index. The case for 2027: the year after the vote, AI’s bill landing in power and metals, a zero equity premium over a 5% ten-year that rewards the cheaper average stock, and markets outside the dollar at lower multiples.
