Three Seasons Wealth boosts gold ETF stake, cuts small-cap holdings by a third
31 sourcesUpdated Sep 5, 2026
Three Seasons Wealth LLC made several notable portfolio adjustments during the second quarter, increasing its holdings in SPDR Gold Shares by 27% to 32,448 shares worth about $12 million. The firm also raised its Vanguard Total Bond Market ETF position by 33.1% to 38,661 shares valued at approximately $2.8 million. It initiated new positions in Vertiv Holdings, buying 2,491 shares worth about $834,000, and in the iShares S&P Small-Cap 600 Growth ETF, acquiring 10,129 shares valued at roughly $1.8 million. At the same time, it reduced its iShares Russell 2000 ETF stake by 35.3%, selling 5,053 shares and retaining 9,248 shares worth about $2.8 million.
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Diversifying into total bond market makes sense if rate cuts are finally on the horizon, locking in yields now.
Interesting they're still adding small-cap growth exposure through IJT while cutting Russell 2000 - seems like a quality tilt within the space.
Gold and bonds going up while small caps get trimmed feels like a classic risk-off move ahead of some expected volatility.
