Brookwood’s Bond Shift & Tech Tilt

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On January 22, 2026, a curious thing happened, or rather, was disclosed in an SEC filing. Brookwood Investment Group, a name that sounds suspiciously like a small, well-appointed forest, decided to lighten its load of TCW Flexible Income ETF (FLXR 0.03%). They sold off 210,541 shares, amounting to roughly $8.36 million, a sum that, when you think about it, could buy a truly impressive number of teacups. Or, you know, bonds.

A Modest Reduction

The filing revealed that Brookwood trimmed its stake in FLXR during the final quarter of 2025. It wasn’t a complete abandonment, mind you – more of a gentle nudge towards other pastures. The transaction itself clocked in around $8.36 million, but when you factor in the subtle dance of share prices, the overall position shrank by a further $8.42 million. It’s always fascinating how numbers can be so simultaneously precise and utterly elusive.

What Else to Consider

  • Brookwood’s remaining stake in FLXR now constitutes a modest 1.06% of their reportable assets under management (AUM). It’s a bit like finding a single, perfectly preserved fossil in a vast museum – interesting, but not exactly dominating the landscape.
  • Their top holdings, as of the filing, tell a rather predictable story. Apparently, Brookwood really likes technology:
    • NASDAQ: NVDA: $48.79 million (6.0% of AUM)
    • NYSEMKT: VTI: $48.26 million (5.9% of AUM)
    • NYSEMKT: VUG: $32.68 million (4.0% of AUM)
    • NASDAQ: AAPL: $31.63 million (3.9% of AUM)
    • NASDAQ: GOOGL: $22.13 million (2.7% of AUM)

    Collectively, these five represent a rather substantial chunk of their portfolio – over 20%, in fact. A clear preference for the digital realm, wouldn’t you say?

  • As of January 21, 2026, FLXR shares were trading at $39.67, up a respectable 8.15% over the past year. However, it lagged behind the S&P 500 by a not-insignificant 5.51 percentage points. A reminder, perhaps, that past performance is no guarantee of future returns. A statement so frequently uttered it’s become something of a financial mantra.
  • The dividend yield stood at 5.64% on January 22, 2026, and the share price was a mere 0.71% below its 52-week high. A solid, if unspectacular, performance.

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A Brief Overview of the ETF

Metric Value
AUM $2.44 billion
Dividend yield 5.64%
Price (as of market close January 21, 2026) $39.67
1-year total return 8.15%

What Does it All Mean?

FLXR is an actively managed fixed income ETF, which means it invests in a global smorgasbord of bonds – government, corporate, asset-backed, the whole shebang. It’s a bit like a financial chef constantly adjusting the recipe based on market conditions. It converted from a mutual fund in 2024, which, in the grand scheme of things, is a bit like repainting a perfectly good room. It doesn’t fundamentally change the house, but it can give the impression of progress.

Brookwood’s decision to significantly reduce its FLXR holdings suggests a rather pointed view on where the best opportunities lie. Their portfolio is decidedly tilted towards growth stocks, particularly in the technology sector. It’s a bet that innovation will continue to outpace the returns available in the more traditional bond market. A perfectly reasonable assumption, perhaps, but one that carries its own set of risks. After all, even the most brilliant technologies can stumble.

For investors, FLXR still offers a potential core bond holding, particularly for those seeking steady income. It’s not going to make you rich overnight, but it can provide a degree of stability in a volatile world. And in the current climate, a little stability is worth a great deal. However, if your portfolio is already heavily weighted towards stocks, it might be worth considering a more balanced approach. After all, diversification is the oldest trick in the book, and for good reason.

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2026-02-02 02:12