SEC Filing Analysis: Enclave Advisors LLC

Executive Summary

• Trading Significance: Medium
• Key Takeaway: Enclave Advisors LLC has reported assets under management of approximately $654.7 million as of September 30, 2025. The portfolio is heavily concentrated in large, diversified Exchange-Traded Funds (ETFs), indicating a broad market exposure strategy rather than high-conviction single-stock bets.
• Market Impact: The disclosure is unlikely to cause significant market impact on individual securities due to the diversified, ETF-heavy nature of the holdings. It serves primarily as a transparency report on the firm's assets under management and general strategy.

Filer Information

Field	Value
Filer Name	Enclave Advisors LLC
CIK	0001836110
Type	Institutional Investment Manager
Total AUM Reported	$654,739,497

Portfolio Summary (as of 2025-09-30)

Field	Value
Form Type	13F-HR
Period of Report	2025-09-30
Total Holdings	121
Top 10 Holdings % of Portfolio	Approx. 56%

Top 5 Holdings

Issuer	Ticker	Value (USD)	Shares
ISHARES TR (RUS 1000 ETF)	IWB	$60,802,459	166,363
VANGUARD SPECIALIZED FUNDS (DIV APP ETF)	VIG	$59,847,684	277,302
ISHARES TR (CORE S&P500 ETF)	IVV	$56,977,107	85,129
J P MORGAN EXCHANGE TRADED F (INCOME ETF)	JEPI	$40,511,376	872,902
VANGUARD INDEX FDS (MID CAP ETF)	VO	$31,386,529	106,834

Portfolio Analysis

Strategy Indicator: Core Diversification

• Reasoning: The portfolio's largest positions are in broad-market ETFs like the iShares Russell 1000 (IWB) and Core S&P 500 (IVV), alongside dividend and income-focused funds (VIG, JEPI). This composition suggests a strategy focused on providing clients with diversified exposure to the U.S. equity market with an emphasis on income and large-cap stability.

Sector Exposure

• The largest individual sector bet is through the Vanguard Information Technology ETF (VGT) at $28.4M, followed by the SPDR Aerospace & Defense ETF (XAR) at $29.5M and the First Trust NASDAQ Cybersecurity ETF (CIBR) at $26.5M, indicating tactical tilts towards technology and defense sectors within the broader portfolio.

Investment Insights

Positive Market Indicators

• Substantial AUM: Managing over $650 million indicates a significant client base and established presence.
• Disciplined Strategy: The focus on low-cost, diversified ETFs points to a disciplined, long-term investment philosophy.
• Sector Tilts: While diversified, the portfolio shows specific overweight positions in high-growth and defensive sectors like technology and aerospace, suggesting a nuanced market view.

Risk Factors

• Market Correlation: The portfolio's performance is highly correlated with the overall U.S. stock market. A broad market downturn would significantly impact the value of its core holdings.
• Concentration in ETFs: While diversified, the top 5 holdings, all ETFs, account for over 38% of the reported assets, showing a degree of concentration risk at the fund level.

Key Takeaways

1. Core ETF Strategy: Enclave Advisors is not a stock-picking fund but an asset manager using ETFs as primary building blocks.
2. Large-Cap Focus: The portfolio is predominantly invested in U.S. large-cap equities.
3. Significant Tech & Defense Exposure: Notable positions in technology and defense ETFs represent the firm's most significant sector-specific views.

Contextual Analysis

Filing Context

This Form 13F-HR is a mandatory quarterly report filed by institutional investment managers with at least $100 million in equity assets under management. It provides a snapshot of the firm's long positions as of the end of the quarter.

Firm Context

Enclave Advisors LLC is an Austin, TX-based investment advisory firm. This filing provides public transparency into the scale and composition of its managed equity assets.

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IMPORTANT DISCLAIMER: This analysis is for informational purposes only and is not intended as investment advice. The information presented is based on publicly available SEC filings and should not be construed as a recommendation to buy, sell, or hold any securities. Past performance does not guarantee future results. All investments carry risk, including the potential loss of principal. Please consult with a qualified financial advisor before making any investment decisions.

Analysis generated on 2025-10-15 | Data source: SEC EDGAR