TRAIL RIDGE INVESTMENT ADVISORS, LLC

PrivateCIK: 1911013

Location

FORT COLLINS, CO

Positions

$230.06M

Total AUM (reported)

2.40M

Total Shares

Allocation by class

COM$90.77M39.5%

ACTIVEBETA INT$22.45M9.8%

MSCI EMRG CHN$19.67M8.5%

HENDRSN SHRT ETF$16.77M7.3%

CORE S&P500 ETF$11.51M5.0%

CAP STK CL C$8.28M3.6%

INTRM GOV CR ETF$5.07M2.2%

Portfolio Concentration

Top 3$58.89M25.6%

4–10$59.21M25.7%

11–25$49.88M21.7%

Rest$62.09M27.0%

Top 3 weight

25.6%

Top 10 weight

51.3%

Voting Authority Distribution

Total shares with voting rights: 2.40M

Sole

Full voting authority

1.68M

% of voting shares70.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

718.49K

% of voting shares30.0%

Investment Discretion (by position count)

Sole99

Shared0

Other0

Dominant voting typeSole · 70.0% of voting shares

Institutional Holdings99

Rows:

GOLDMAN SACHS ETF TR

SOLE

ACTIVEBETA INT

Shares520.44K

TypeSH

Market value$22.45M

9.76%

Sole

364.61K

Shared

0.00

None

155.83K

ISHARES INC

SOLE

MSCI EMRG CHN

Shares250.06K

TypeSH

Market value$19.67M

8.55%

Sole

184.13K

Shared

0.00

None

65.94K

JANUS DETROIT STR TR

SOLE

HENDRSN SHRT ETF

Shares343.22K

TypeSH

Market value$16.77M

7.29%

Sole

308.02K

Shared

0.00

None

35.20K

APPLE INC

SOLE

COM

Shares54.49K

TypeSH

Market value$13.83M

6.01%

Sole

17.70K

Shared

0.00

None

36.79K

ISHARES TR

SOLE

CORE S&P500 ETF

Shares17.62K

TypeSH

Market value$11.51M

5.00%

Sole

16.05K

Shared

0.00

None

1.57K

MICROSOFT CORP

SOLE

COM

Shares22.45K

TypeSH

Market value$8.31M

3.61%

Sole

7.98K

Shared

0.00

None

14.47K

ALPHABET INC

SOLE

CAP STK CL C

Shares28.86K

TypeSH

Market value$8.28M

3.60%

Sole

11.98K

Shared

0.00

None

16.89K

NVIDIA CORPORATION

SOLE

COM

Shares38.83K

TypeSH

Market value$6.77M

2.94%

Sole

15.93K

Shared

0.00

None

22.90K

COSTCO WHOLESALE CORPORATION

SOLE

COM

Shares5.45K

TypeSH

Market value$5.43M

2.36%

Sole

1.64K

Shared

0.00

None

3.81K

ISHARES TR

SOLE

INTRM GOV CR ETF

Shares47.56K

TypeSH

Market value$5.07M

2.21%

Sole

43.86K

Shared

0.00

None

3.69K

ISHARES TR

SOLE

S&P MC 400VL ETF

Shares32.37K

TypeSH

Market value$4.29M

1.86%

Sole

26.77K

Shared

0.00

None

5.60K

AMAZON COM INC

SOLE

COM

Shares20.57K

TypeSH

Market value$4.28M

1.86%

Sole

9.82K

Shared

0.00

None

10.75K

ISHARES TR

SOLE

0-5YR INVT GR CP

Shares79.99K

TypeSH

Market value$4.04M

1.76%

Sole

74.05K

Shared

0.00

None

5.94K

EATON CORP PLC

SOLE

SHS

Shares11.11K

TypeSH

Market value$3.97M

1.73%

Sole

2.80K

Shared

0.00

None

8.31K

ISHARES TR

SOLE

S&P MC 400GR ETF

Shares38.53K

TypeSH

Market value$3.88M

1.69%

Sole

34.67K

Shared

0.00

None

3.86K

FIDELITY COVINGTON TRUST

SOLE

MSCI ENERGY IDX

Shares110.84K

TypeSH

Market value$3.77M

1.64%

Sole

42.44K

Shared

0.00

None

68.40K

TOLL BROTHERS INC

SOLE

COM

Shares26.14K

TypeSH

Market value$3.57M

1.55%

Sole

6.94K

Shared

0.00

None

19.20K

ISHARES TR

SOLE

S&P 500 VAL ETF

Shares15.52K

TypeSH

Market value$3.28M

1.42%

Sole

13.37K

Shared

0.00

None

2.14K

ISHARES TR

SOLE

S&P SML 600 GWT

Shares21.38K

TypeSH

Market value$3.09M

1.34%

Sole

19.37K

Shared

0.00

None

2.01K

FIRST TR EXCHNG TRADED FD VI

SOLE

FT VEST LADDERED

Shares91.20K

TypeSH

Market value$3.08M

1.34%

Sole

82.03K

Shared

0.00

None

9.17K

JPMORGAN CHASE & CO

SOLE

COM

Shares10.08K

TypeSH

Market value$2.97M

1.29%

Sole

6.78K

Shared

0.00

None

3.30K

MASTERCARD INCORPORATED

SOLE

CL A

Shares5.57K

TypeSH

Market value$2.78M

1.21%

Sole

2.49K

Shared

0.00

None

3.08K

ISHARES TR

SOLE

S&P 100 ETF

Shares7.51K

TypeSH

Market value$2.39M

1.04%

Sole

7.51K

Shared

0.00

None

0.00

BERKSHIRE HATHAWAY INC DEL

SOLE

CL B NEW

Shares4.70K

TypeSH

Market value$2.25M

0.98%

Sole

2.25K

Shared

0.00

None

2.45K

FEDERAL SIGNAL CORP

SOLE

COM

Shares20.78K

TypeSH

Market value$2.25M

0.98%

Sole

9.41K

Shared

0.00

None

11.37K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
GOLDMAN SACHS ETF TRSOLE	ACTIVEBETA INT	520.44K	SH	$22.45M 9.76%	364.61K	155.83K
ISHARES INCSOLE	MSCI EMRG CHN	250.06K	SH	$19.67M 8.55%	184.13K	65.94K
JANUS DETROIT STR TRSOLE	HENDRSN SHRT ETF	343.22K	SH	$16.77M 7.29%	308.02K	35.20K
APPLE INCSOLE	COM	54.49K	SH	$13.83M 6.01%	17.70K	36.79K
ISHARES TRSOLE	CORE S&P500 ETF	17.62K	SH	$11.51M 5.00%	16.05K	1.57K
MICROSOFT CORPSOLE	COM	22.45K	SH	$8.31M 3.61%	7.98K	14.47K
ALPHABET INCSOLE	CAP STK CL C	28.86K	SH	$8.28M 3.60%	11.98K	16.89K
NVIDIA CORPORATIONSOLE	COM	38.83K	SH	$6.77M 2.94%	15.93K	22.90K
COSTCO WHOLESALE CORPORATIONSOLE	COM	5.45K	SH	$5.43M 2.36%	1.64K	3.81K
ISHARES TRSOLE	INTRM GOV CR ETF	47.56K	SH	$5.07M 2.21%	43.86K	3.69K
ISHARES TRSOLE	S&P MC 400VL ETF	32.37K	SH	$4.29M 1.86%	26.77K	5.60K
AMAZON COM INCSOLE	COM	20.57K	SH	$4.28M 1.86%	9.82K	10.75K
ISHARES TRSOLE	0-5YR INVT GR CP	79.99K	SH	$4.04M 1.76%	74.05K	5.94K
EATON CORP PLCSOLE	SHS	11.11K	SH	$3.97M 1.73%	2.80K	8.31K
ISHARES TRSOLE	S&P MC 400GR ETF	38.53K	SH	$3.88M 1.69%	34.67K	3.86K
FIDELITY COVINGTON TRUSTSOLE	MSCI ENERGY IDX	110.84K	SH	$3.77M 1.64%	42.44K	68.40K
TOLL BROTHERS INCSOLE	COM	26.14K	SH	$3.57M 1.55%	6.94K	19.20K
ISHARES TRSOLE	S&P 500 VAL ETF	15.52K	SH	$3.28M 1.42%	13.37K	2.14K
ISHARES TRSOLE	S&P SML 600 GWT	21.38K	SH	$3.09M 1.34%	19.37K	2.01K
FIRST TR EXCHNG TRADED FD VISOLE	FT VEST LADDERED	91.20K	SH	$3.08M 1.34%	82.03K	9.17K
JPMORGAN CHASE & COSOLE	COM	10.08K	SH	$2.97M 1.29%	6.78K	3.30K
MASTERCARD INCORPORATEDSOLE	CL A	5.57K	SH	$2.78M 1.21%	2.49K	3.08K
ISHARES TRSOLE	S&P 100 ETF	7.51K	SH	$2.39M 1.04%	7.51K	0.00
BERKSHIRE HATHAWAY INC DELSOLE	CL B NEW	4.70K	SH	$2.25M 0.98%	2.25K	2.45K
FEDERAL SIGNAL CORPSOLE	COM	20.78K	SH	$2.25M 0.98%	9.41K	11.37K

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