Portfolio (Quarterly) Guide ↗

Gallagher Fiduciary Advisors, LLC

· CIK 0001527781

13F Portfolio $3.1B AUM 331 positions Filed Feb 17, 2026 EDGAR ↗ ← All Funds

Q4 2025 Q3 2025 · All 24 New 205 Added 52 Reduced 5 Exited

Page 1 of 2 · 24 positions

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#	Ticker	Company	Sector	Shares	Value ↓	% Port	Chg Shares	Chg %	Period Price ①	Since Period ①
1	VNQ	VANGUARD INDEX FDS	—	70,696.0	$6.3M	0.20%	NEW	—	$88.49	+9.4%
2	VWO	VANGUARD INTL EQUITY INDEX F	—	62,073.0	$3.3M	0.11%	NEW	—	$53.76	+9.7%
3	EMB	ISHARES TR	—	30,386.0	$2.9M	0.10%	NEW	—	$96.28	-1.2%
4	JNK	SPDR SERIES TRUST	—	29,801.0	$2.9M	0.09%	NEW	—	$97.21	-1.0%
5	AIRR	FIRST TR EXCHANGE TRADED FD	—	24,375.0	$2.4M	0.08%	NEW	—	$98.32	+27.2%
6	IYR	ISHARES TR	—	18,302.0	$1.7M	0.06%	NEW	—	$93.89	+9.4%
7	IFGL	ISHARES TR	—	55,673.0	$1.3M	0.04%	NEW	—	$23.09	-0.8%
8	FNOV	FIRST TR EXCHNG TRADED FD VI	—	18,688.0	$1.0M	0.03%	NEW	—	$54.83	+5.8%
9	IWV	ISHARES TR	—	2,606.0	$1.0M	0.03%	NEW	—	$386.85	+9.2%
10	GDEC	FIRST TR EXCHNG TRADED FD VI	—	24,908.0	$942K	0.03%	NEW	—	$37.82	+4.6%
11	—	PUTNAM ETF TRUST	—	94,219.0	$833K	0.03%	NEW	—	$8.84	—
12	EUSA	ISHARES INC	—	3,225.0	$333K	0.01%	NEW	—	$103.37	+7.4%
13	IWD	ISHARES TR	—	1,291.0	$271K	0.01%	NEW	—	$210.30	+12.4%
14	ARCC	ARES CAPITAL CORP	Financial Services	12,333.0	$249K	0.01%	NEW	—	$20.23	-8.1%
15	XLV	SELECT SECTOR SPDR TR	—	1,602.0	$248K	0.01%	NEW	—	$154.80	-3.2%
16	—	FIRST TR EXCHNG TRADED FD VI	—	6,933.0	$226K	0.01%	NEW	—	$32.65	—
17	—	FIRST TR EXCHNG TRADED FD VI	—	6,880.0	$226K	0.01%	NEW	—	$32.85	—
18	XLY	SELECT SECTOR SPDR TR	—	1,892.0	$226K	0.01%	NEW	—	$119.42	-0.2%
19	IAU	ISHARES GOLD TR	Financial Services	2,772.0	$225K	0.01%	NEW	—	$81.16	+4.5%
20	AVGO	BROADCOM INC	Technology	639.0	$221K	0.01%	NEW	—	$345.84	+19.7%

Page 1 of 2 · 24 positions

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① Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation

Consumer Cyclical 60.4%

Utilities 14.1%

Industrials 12.9%

Real Estate 6.8%

Financial Services 3.1%

Technology 0.9%

Healthcare 0.5%

Basic Materials 0.5%

Communication Services 0.3%

Energy 0.3%