October 2025 Update - Beechhurst Capital Advisors LLC Asset Allocation Model Portfolio

For the month ending September 30, 2025, we have made no changes to the portfolio.

Here are our current portfolio allocations:

• US Stocks (VTI) - 60%

• Gold (IAU) - 15%

• Foreign Real Estate (VNQI) - 10%

• Foreign Stocks (VXUS) - 10%

• Cash - 5%

There isn’t much to say. As always, we will stay vigilant and keep a close eye on our portfolio holdings. The S&P 500, a measure for the performance of the largest 500 US stocks, showed unusual strength in the month of September. According to data regarding the seasonality of returns from barchart.com, the S&P 500 returned 3.53% in September versus an average performance in of -0.66%. If history is any indication, there is a reasonably good chance that we should have a strong Q4 and strong finish to the year. Commodities and digital assets are continuing to perform reasonably well, while US real estate, bonds and the US dollar continue to lag.

On a side note, IBIT regained its 10 week simple moving average last week and according to our rules, is eligible for inclusion in the portfolio. We will wait for an additional sign of strength in the form of a consolidation breakout but if you are an aggressive trader, you may choose to enter at this point.

That’s all for now. Continue to follow us here and on X (@beechhurstcap) for portfolio updates and other interesting ideas. Have a great October, be well and stay safe!