LRGF(LRGF)
AI Look-Through Summary
AI GeneratedThe LRGF ETF, managing approximately $2.9 billion in assets, exhibits a distinct concentration within the technology sector, which accounts for roughly 21.6% of its total portfolio weight according to reported data points. This exposure is heavily driven by top-tier holdings such as NVIDIA, Apple, and Microsoft, which collectively represent over 18% of the fund's composition alone. While these three giants anchor the position list, the underlying sector allocation suggests a broader reliance on tech equities than the headline percentage might initially imply when compared to other sectors like consumer cyclical or communication services, each holding less than 5%. The geographic tilt is not explicitly detailed in the provided holdings breakdown, but the dominance of U.S.-listed mega-cap technology firms indicates a strong domestic bias inherent in this specific selection criteria.
From a concentration perspective, the fund demonstrates significant weight in large-capitalization growth stocks, with NVIDIA and Apple individually exceeding 6% allocation. This top-heavy structure means that performance will be disproportionately influenced by the equity movements of these few largest constituents rather than being evenly distributed across smaller names or diversified sectors. Although financial services and consumer defensive sectors appear in the top ten holdings, their aggregate impact remains limited relative to the overwhelming presence of technology and communication service providers like Alphabet and Meta. The quantitative profile reflects a strategy focused on capturing value from established market leaders within specific high-growth industries rather than seeking broad-based diversification across all economic cycles or global regions. Investors analyzing this vehicle should note that while the sector weights provided show 21.6% in technology, the sheer number of top ten holdings belonging to tech and communication services suggests an even more pronounced thematic tilt toward digital infrastructure and internet-enabled commerce than a standard balanced portfolio would display.
Generated by Qwen-32B from constituent-level data. Not investment advice. Updated: 2026-05-20 13:33:50.278643+00
🔍 Theme Alignment Audit
AI GeneratedPurity: 85/100The investment theme implied by the ticker LRGF suggests a focus on large-cap equities, which aligns closely with the composition of its top holdings. The fund is heavily weighted toward dominant technology giants such as NVIDIA, Apple, and Microsoft, alongside other major players in consumer cyclical and communication services sectors like Amazon and Meta. These entities represent some of the largest companies by market capitalization globally, fitting the "large" descriptor inherent to the name. However, the presence of financials like JPMorgan Chase and defensive stocks such as Walmart introduces slight thematic friction, as these industries do not typically define a pure large-cap growth narrative unless specifically included for diversification within that size category. The concentration in mega-cap technology suggests the fund may be leveraging broad-market leaders to anchor its strategy rather than strictly adhering to a specific sectoral or style-based definition of "large."
Regarding sector coherence and differentiation, the portfolio exhibits significant overlap with the broader S&P 500 index due to its heavy reliance on the same top-tier constituents. While technology makes up over twenty-one percent of the holdings, this weight is consistent with current market trends rather than a unique thematic tilt toward emerging technologies or specific sub-sectors within tech. The low exposure to other sectors like consumer defensive and financial services further reinforces a concentration in high-growth, large-cap equities but also indicates limited diversification away from these dominant players. With the top ten holdings accounting for thirty-four percent of assets under management, the fund demonstrates moderate concentration risk typical of large-cap strategies that prioritize established market leaders over smaller, niche companies. Ultimately, the structure appears designed to capture performance from established industry titans rather than offering a distinct departure from general large-cap index behavior.
AI analysis of holdings alignment vs fund theme. Not investment advice. Updated: 2026-05-23 12:39:49.734828+00
⚠️ Systemic Risk Synthesis
AI GeneratedThe newly disclosed risk factors from the top holdings of LRGF highlight a convergence of macro-level pressures centered on regulatory compliance and operational costs. A prominent theme emerging across these disclosures is the potential for stringent environmental, data privacy, and artificial intelligence regulations to materially impact financial conditions. Specifically, NVIDIA's explicit warnings regarding climate change mandates, cybersecurity data privacy requirements, and responsible AI usage suggest that the broader technology sector faces a coordinated headwind where regulatory adherence could simultaneously elevate operational expenditures and constrain competitive positioning. This pattern indicates that systemic risks are no longer isolated to niche industries but are becoming embedded in the core risk profiles of major market leaders like Apple, Microsoft, Amazon, Meta, and Broadcom, who operate within similar high-growth technological frameworks subject to evolving global governance standards.
The concentration of these shared threats among the fund's largest positions signals a significant degree of correlated downside potential. With NVIDIA alone representing 7.5% of the portfolio and other major tech names comprising substantial portions of the remaining weightings, an adverse shift in regulatory landscapes or enforcement intensity could trigger synchronized stress across multiple holdings simultaneously. The fact that such fundamental operational risks are explicitly flagged by the market leader suggests that these are not transient concerns but rather structural challenges inherent to the current macroeconomic environment for large-cap technology firms. Consequently, the fund's exposure is heavily weighted toward assets where external regulatory forces directly influence internal cost structures and strategic agility, creating a scenario where broad-based policy changes could disproportionately affect portfolio performance relative to more diversified sectors.
While systemic risks dominate the narrative, company-specific factors remain relevant due to weight disparities. NVIDIA carries the highest individual risk profile in this dataset with three distinct material adverse impacts identified, including specific vulnerabilities related to AI regulation and climate compliance that do not appear in all top holdings. Given its 7.5% weighting, any realization of these specific risks at NVIDIA would have a magnified effect on the fund's overall volatility compared to smaller positions like Walmart or JPMorgan Chase, which lack similar detailed disclosures regarding AI-specific regulatory costs in this data set. The interplay between high-weight exposure and unique risk profiles necessitates close monitoring of how individual company responses to these shared macro threats evolve over time.
Synthesized from constituent 10-K risk factor disclosures. Not investment advice. Updated: 2026-05-23 10:25:44.191051+00
🏢 Sector Analysis
AI GeneratedThe sector allocation of LRGF reveals a distinct investment thesis centered on concentrated exposure to large-cap technology leaders, with the top five holdings accounting for 34.0% of total assets under management. Technology dominates the portfolio at 21.6%, driven almost exclusively by four massive constituents including NVIDIA, Apple, Microsoft, Amazon, and Broadcom. This heavy weighting suggests a strategy that prioritizes capital appreciation from established market giants rather than broad diversification across industry verticals or smaller emerging companies within the tech sector itself. The minimal presence of other sectors such as Consumer Defensive (1.3%) and Financial Services (1.5%) further underscores an aggressive tilt toward growth-oriented industries while deliberately avoiding defensive hedges typically found in balanced portfolios.
From a risk perspective, the fund exhibits significant concentration risk due to its reliance on just four positions for nearly half of its entire technology allocation. The top-ten concentration metric of 34.0% indicates that performance will be heavily influenced by the specific fortunes of these mega-cap names rather than sector-wide trends or smaller players. While this approach offers potential upside if the selected leaders continue to outperform, it also means that adverse events affecting any single holding could disproportionately impact overall portfolio stability. The lack of meaningful exposure outside the technology and consumer cyclical realms limits the fund's ability to mitigate volatility through diversification into non-correlated asset classes or defensive sectors during market downturns. Ultimately, the structure reflects a high-beta strategy designed for investors seeking maximum exposure to dominant industry incumbents rather than balanced growth across multiple economic drivers.
AI-generated sector analysis from constituent-level data. Not investment advice. Updated: 2026-05-24 08:01:03.606831+00
Flow Driver Analysis
2-Step CircleWhich larger ETFs share LRGF's holdings — and mechanically drive its price through index rebalancing flows?
Approximately 100% of LRGF's weight flows through these larger ETFs
| Driver ETF | AUM | Expense | Shared Stocks | Weight Overlap |
|---|---|---|---|---|
| VTIVanguard Total Stock Market Index Fund ETF Shares | $2.1T | 0.03% | 10 | 34.0% |
| SCHXSCHX | $61B | — | 10 | 34.0% |
| QUSQUS | $1B | — | 10 | 34.0% |
| ITOTiShares Core S&P Total U.S. Stock Market ETF | $80B | — | 10 | 34.0% |
| ACWIiShares MSCI ACWI ETF | $28B | — | 10 | 34.0% |
34% of LRGF's portfolio by weight is also held by VTI, which commands 714× more assets under management. When VTI receives inflows, it mechanically buys these shared stocks — dragging LRGF's NAV along regardless of any thematic or sector catalyst. Combined, the top 5 overlapping ETFs control exposure to 100% ofLRGF's weight.
Overlap computed from constituent-level holdings data across 5 ETFs. Price co-movement with driver ETFs is structural, not coincidental. Not investment advice.
ETF Look-Through Dashboard
Replaces $249/yr MorningstarPeer through the ETF wrapper to see exactly what you own. Every metric is computed from constituent-level data.
Herfindahl-Hirschman Concentration Index
Morningstar-Style Box
Sector & Cap Explorer
ETF Fundamental Radar
Operational health is mixed, with the bulk of weight in the mid-range (4–6) Piotroski scores.
Piotroski F-Score (Operational Health)
Score 0-9: Measures Profitability, Leverage, and Efficiency
Based on 34% of fund weight with Piotroski data.
Computed by rolling up individual stock Piotroski F-Scores, Altman Z-Scores, and Beneish M-Scores weighted by each constituent's allocation. Data that Vanguard and BlackRock don't surface.
Dividend Safety True-Up
DeterministicThe dividend-paying companies inside LRGF collectively pay out 19% of their Free Cash Flow to maintain the current yield. This leaves a substantial cash buffer, making dividend cuts unlikely even in a downturn. Based on 28% of fund weight in dividend-paying stocks.
FCF Payout Ratio = Dividends Paid / Free Cash Flow, weighted by constituent allocation. Not investment advice.
Earnings vs. Price Decomposition
ProprietaryLRGF is up 25.8% over the last 12 months. The underlying weighted earnings growth of its constituents is +53.2%. Despite earnings growth, valuations have contracted by 27.5% — the market is paying less per dollar of earnings than a year ago.
Earnings growth = weighted average YoY EPS growth of all constituents (capped at ±500% to limit outlier distortion). Based on 34% of fund weight with earnings data. Not investment advice.
Value Creation Map
ROIC vs WACCWhat percentage of LRGF's weight is allocated to companies that create economic value (ROIC > WACC) vs. destroy it?
Of LRGF's analyzed weight, 96% is invested in companies earning more than their cost of capital — genuine value creators. The remaining 4% consists of companies whose ROIC falls below their WACC, effectively destroying shareholder value with every dollar invested.
ROIC-WACC spread for 32% of fund weight with available data. Not investment advice.
Passive Crowding Score
MODERATEHow much of each constituent's market cap is structurally locked in passive ETFs — a proxy for liquidity fragility during sell-offs.
LRGF has a Passive Crowding Score of 34/100. On average, 10.3% of the market capitalization of LRGF's underlying holdings is structurally locked in passive ETF vehicles. This indicates moderate passive ownership density. Index rebalances and ETF creation/redemption activity can amplify short-term volatility in the underlying holdings.
Passive $ = Σ(ETF AUM × holding weight) across all 52 tracked ETFs. Actual passive ownership is higher (includes mutual funds, pension funds). Not investment advice.
Under the Hood — Top 10 Constituents
| # | Ticker | Company | Weight | P/E | F-Score |
|---|---|---|---|---|---|
| 1 | NVDA | NVIDIA Corp Technology | 7.51% | 32.4x | 4/9 |
| 2 | AAPL | Apple Inc Technology | 6.22% | 37.7x | 8/9 |
| 3 | MSFT | Microsoft Corp Technology | 4.52% | 26.8x | 5/9 |
| 4 | AMZN | Amazon.com Inc Consumer Cyclical | 3.51% | 31.7x | 6/9 |
| 5 | AVGO | Broadcom Inc Technology | 3.37% | 86.9x | 8/9 |
| 6 | GOOG | Alphabet Inc Class C Communication Services | 2.80% | 28.7x | 6/9 |
| 7 | META | Meta Platforms Inc Class A Communication Services | 1.97% | 23.0x | 5/9 |
| 8 | JPM | JPMorgan Chase & Co Financial Services | 1.50% | 14.3x | 3/9 |
| 9 | TSLA | Tesla Inc Consumer Cyclical | 1.30% | 399.8x | 5/9 |
| 10 | WMT | Walmart Inc Consumer Defensive | 1.25% | 40.8x | 7/9 |
Historical Holdings Snapshots
Browse how LRGF’s holdings have changed across SEC filing dates. Showing top holdings per snapshot.
2026-05-24
10 holdings · 34.0% tracked weight2026-05-23
10 holdings · 34.0% tracked weight2026-05-22
10 holdings · 34.0% tracked weight2026-05-21
10 holdings · 34.0% tracked weight2026-05-20
10 holdings · 34.0% tracked weightSource: SEC filings and fund provider disclosures. Shows last 6 snapshot dates, top 15 holdings per date by weight.
Risk Profile
Sharpe = risk-adjusted return (higher is better). Computed from 1,200+ trading days with 5% risk-free rate.
Price Chart with Moving Averages
What Drove LRGF Today?
Daily return attribution — which holdings contributed most (and least) to the fund's move.
Technical Setup
AI GeneratedThe current price of $68.63 for LRGF presents a specific snapshot where institutional positioning can be inferred through the lens of technical structure, though no definitive directional bias is evident from this single data point alone. Without visible moving average crossovers or significant volume anomalies in the provided context, it remains unclear whether larger market participants are aggressively accumulating or distributing shares at this level. The absence of trend indicators such as golden crosses or death crosses suggests that institutional flow may be currently balanced or consolidating rather than committing to a strong directional move. Volume trends and price action typically serve as the primary signals for smart money activity, yet with only the current price available, one cannot determine if recent trading volume supports the $68.63 level as a zone of support or resistance. If institutional players were actively building positions, one might expect to see sustained buying pressure driving the price above key psychological thresholds accompanied by expanding volume. Conversely, a lack of such confirmation could imply that larger entities are waiting for clearer technical setups before committing capital. The market structure at this moment appears neutral regarding immediate momentum shifts driven by big money flows.
Underwater (Drawdown from Peak)
How far below the all-time high the price has been over time. Deeper = more pain for holders.
Rolling 60-Day Beta vs S&P 500 (VOO)
How the ETF's sensitivity to market moves changes over time. β > 1 = more volatile than the market.
Yield & Income
Sector Drift Over Time
How LRGF’s sector allocation has shifted across snapshots. Use the slider to travel through time.
Active Conviction Tracker
Shares bought and sold between the latest two data snapshots — reveals what the fund manager is actually doing.
Explore More
Quant metrics computed deterministically from financial statements and price data. Updated: 2026-06-02.
SecuritiesDB is for informational purposes only. Not investment advice.