OBSIDIAN CIO, LLC

**Fountainhead AM, LLC** manages $746M across a diversified portfolio of 225 positions. The firm maintains significant exposure to large-cap technology and growth sectors, highlighted by the top holdings in JPST ($74.3M) and IWB ($63.2M). Further concentration is evident in sector-specific ETFs, including VV ($48.3M) and JIVE ($37.7M). This allocation suggests a tactical, growth-oriented mandate within the current market structure.