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Hopwood Nicholas Hunter disclosed new second-quarter positions across five exchange-traded funds, indicating broad diversification across bonds, developed-market equities and defense technology. The purchases included about $5.31 million of Vanguard Short-Term Bond ETF, $2.54 million of Vanguard Intermediate-Term Bond ETF and $874,000 of SPDR Portfolio Aggregate Bond ETF. The firm also acquired approximately $22.01 million of Vanguard FTSE Developed Markets ETF, its second-largest holding at about 6.1% of the portfolio. In addition, it bought roughly $1.99 million of Global X Defense Tech ETF. The funds’ share prices were near their respective recent lows or highs in Friday trading, but the filings do not explain the investor’s strategy or outlook.
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$32.7M is nothing to sneeze at, curious what the actual allocation split looks like between the bond funds vs VEA and SHLD.
Bond ETFs plus a defense fund is an odd pairing, guessing they're hedging rates risk while betting on geopolitical tension.
Nice mix of bonds and equities there, looks like someone's playing it safe while still chasing growth with that defense tech pick.