Institutional Manager · CIK 0001457005

PRIVATE CLIENT SERVICES, LLC

LOUISVILLE, KY · File #028-23555

Latest AUM

$320.0M

Positions

193

Top-10 Concentration

50.5%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
ADD	ISHARES TR	464287200	+6,592	+$4.5M	+$725,412
ADD	ISHARES TR	464287457	+54,313	+$4.5M	-$429
EXITED	ISHARES TR	464287432	-45,952	-$4.1M	$0
NEW	FIRST TR EXCHNG TRADED FD VI	33740U695	+92,767	+$3.6M	$0
ADD	ISHARES TR	46432F842	+39,253	+$3.5M	+$396,537
EXITED	INNOVATOR ETFS TRUST	45782C813	-63,498	-$2.9M	$0
ADD	PACER FDS TR	69374H865	+88,723	+$2.2M	-$967
EXITED	ROYAL GOLD INC	780287108	-10,532	-$2.1M	$0
NEW	EXELIXIS INC	EXEL	+45,451	+$2.0M	$0
REDUCE	INVESCO EXCHANGE TRADED FD T	IVZ	-8,989	-$1.7M	+$31,820

Sector Allocation

Technology

7.3%$23.3M

Financials

6.7%$21.6M

Healthcare

1.6%$5.2M

Consumer Discretionary

1.5%$5.0M

Industrials

1.2%$3.7M

Communication Services

1.0%$3.1M

0.8%$2.7M

0.6%$1.8M

0.4%$1.2M

0.1%$357,141

Filing History

Jan 7, 202613F HOLDINGS REPORTQ/E Dec 2025193 pos · $320.0M
Oct 14, 202513F HOLDINGS REPORTQ/E Sep 2025196 pos · $298.8M
Jul 1, 202513F HOLDINGS REPORTQ/E Jun 2025197 pos · $256.7M
Apr 8, 202513F HOLDINGS REPORTQ/E Mar 2025185 pos · $202.2M
Jan 8, 202513F HOLDINGS REPORTQ/E Dec 2024186 pos · $186.1M
Oct 3, 202413F HOLDINGS REPORTQ/E Sep 2024169 pos · $186.0M
Jul 29, 202413F HOLDINGS REPORTQ/E Jun 2024138 pos · $159.2M
May 10, 202413F HOLDINGS REPORTQ/E Mar 2024128 pos · $148.9M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	ISHARES TR	464287200	52,949	$36.3M	14.61%
2	ISHARES TR	46432F842	223,658	$20.0M	8.06%
3	SPDR S&P 500 ETF TR	SPY	16,876	$11.5M	4.64%
4	VANGUARD INTL EQUITY INDEX F	922042858	189,610	$10.2M	4.11%
5	ISHARES TR	464287101	24,956	$8.6M	3.45%
6	HARTFORD FDS EXCHANGE TRADED	41653L305	244,198	$8.3M	3.36%
7	VANGUARD INDEX FDS	922908629	27,602	$8.0M	3.23%
8	ISHARES TR	464287226	77,552	$7.7M	3.12%
9	VANGUARD BD INDEX FDS	921937835	102,160	$7.6M	3.05%
10	INVESCO QQQ TR	IVZ	11,502	$7.1M	2.85%
11	SSGA ACTIVE ETF TR	78467V103	219,030	$6.9M	2.78%
12	ISHARES TR	46436E528	268,721	$6.2M	2.50%
13	VANGUARD INDEX FDS	922908751	21,566	$5.6M	2.24%
14	APPLE INC	AAPL	20,061	$5.5M	2.20%
15	ISHARES TR	464287457	57,126	$4.7M	1.91%
16	PACER FDS TR	69374H360	131,661	$4.6M	1.87%
17	SIMPLIFY EXCHANGE TRADED FUN	82889N657	208,194	$4.6M	1.84%
18	VANGUARD MALVERN FDS	922020805	80,120	$4.0M	1.60%
19	NVIDIA CORPORATION	NVDA	20,012	$3.7M	1.50%
20	J P MORGAN EXCHANGE TRADED F	46641Q332	64,326	$3.7M	1.48%