Institutional Manager · CIK 0001598102

Biltmore Wealth Management, LLC

TEMPE, AZ · File #028-16482

Latest AUM

$264.9M

Positions

Top-10 Concentration

76.0%

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	SELECT SECTOR SPDR TR	81369Y803	+106,193	+$15.3M	-$15.5M
ADD	SELECT SECTOR SPDR TR	81369Y407	+96,234	+$11.5M	-$12.3M
ADD	SELECT SECTOR SPDR TR	81369Y886	+153,044	+$6.5M	-$7.0M
ADD	SELECT SECTOR SPDR TR	81369Y100	+125,740	+$5.7M	-$5.5M
ADD	SELECT SECTOR SPDR TR	81369Y506	+102,723	+$4.6M	-$4.5M
REDUCE	SPDR GOLD TR	GLD	-1,526	-$604,769	+$1.1M
REDUCE	SELECT SECTOR SPDR TR	81369Y704	-3,678	-$570,532	+$202,638
REDUCE	FREEPORT-MCMORAN INC	FCX	-9,945	-$505,131	+$165,719
NEW	ALBEMARLE CORP	ALB-PA	+3,408	+$482,028	$0
ADD	SELECT SECTOR SPDR TR	81369Y308	+5,720	+$444,329	-$127,854

Sector Allocation

Technology

2.6%$6.9M

Industrials

1.5%$4.0M

Healthcare

1.4%$3.7M

Consumer Discretionary

1.2%$3.2M

Energy

0.6%$1.6M

Financials

0.4%$1.0M

Materials

0.3%$867,976

Communication Services

0.2%$658,318

Real Estate

0.2%$570,711

Utilities

0.2%$487,212

Filing History

Jan 16, 202613F HOLDINGS REPORTQ/E Dec 202559 pos · $264.9M
Oct 22, 202513F HOLDINGS REPORTQ/E Sep 202558 pos · $262.0M
Jul 9, 202513F HOLDINGS REPORTQ/E Jun 202558 pos · $247.1M
Apr 17, 202513F HOLDINGS REPORTQ/E Mar 202558 pos · $237.1M
Jan 14, 202513F HOLDINGS REPORTQ/E Dec 202455 pos · $240.1M
Oct 4, 202413F HOLDINGS REPORTQ/E Sep 202455 pos · $243.4M
Jul 12, 202413F HOLDINGS REPORTQ/E Jun 202454 pos · $230.8M
May 6, 202413F HOLDINGS REPORTQ/E Mar 202453 pos · $210.2M
Oct 11, 202313F HOLDINGS REPORTQ/E Dec 202352 pos · $207.1M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	SELECT SECTOR SPDR TR	81369Y704	224,016	$34.7M	13.23%
2	SELECT SECTOR SPDR TR	81369Y803	218,373	$31.4M	11.97%
3	SELECT SECTOR SPDR TR	81369Y209	176,560	$27.3M	10.41%
4	SELECT SECTOR SPDR TR	81369Y407	198,789	$23.7M	9.04%
5	PIMCO ETF TR	72201R874	404,093	$20.4M	7.76%
6	SELECT SECTOR SPDR TR	81369Y308	190,974	$14.8M	5.65%
7	SELECT SECTOR SPDR TR	81369Y886	310,412	$13.3M	5.04%
8	ISHARES TR	464288521	214,513	$12.2M	4.65%
9	SELECT SECTOR SPDR TR	81369Y100	249,609	$11.3M	4.31%
10	SPDR GOLD TR	GLD	26,020	$10.3M	3.93%
11	SELECT SECTOR SPDR TR	81369Y852	86,823	$10.2M	3.89%
12	SELECT SECTOR SPDR TR	81369Y506	204,465	$9.1M	3.48%
13	VANGUARD SCOTTSDALE FDS	92206C102	137,020	$8.0M	3.06%
14	SPDR SERIES TRUST	78468R663	52,881	$4.8M	1.84%
15	NVIDIA CORPORATION	NVDA	11,228	$2.1M	0.80%
16	ISHARES TR	464287440	18,989	$1.8M	0.70%
17	APPLE INC	AAPL	6,493	$1.8M	0.67%
18	MICRON TECHNOLOGY INC	MU	5,386	$1.5M	0.59%
19	TESLA INC	TSLA	2,690	$1.2M	0.46%
20	CSX CORP	CSX	32,870	$1.2M	0.45%