Clean Shaven,
Yeah. I think you're very overweight in LargeCaps. But even having the 'correct' market cap balance is IMO still way overweight.
I've posted this a lot here, advocating for people to heavily OVERweight their portfolio to MidCaps. I'm 60% MidCap, 30% Total (and 10% 3 tech funds -but being 40% Total would be fine by me). Been this (give or take) for 20 years.
If you look at PortfolioCharts.com, it shows 100% Total Market would grow $1K in 1972 (far back as the charts go) into $78.5K in 2016 (~10% return). That's awesome! But a 60/40 MidCap/Total would be $171.2K (~12% return) with no volatility added. Far more than double the return. Will that happen in the future? Don't know, but IMO it's got a better chance of putting you ahead than behind.
When people are in 'the Total Market', since it's market cap weighted, they're heavily into the MEGACaps at the very top. Yes, the Total Market covers thousands and thousands of companies, but mostly it doesn't. You have almost nothing in all those companies you think you're invested in.
The 500 Index, which will get you almost the exact same results, covers about the top 1,000 companies (picking ~half of 'em). But again... it really doesn't 'cuz much of that still doesn't count for hardly anything. That's why the two are almost identical despite one being ~500 companies and one being ~3,500.
And the concentration of wealth into even fewer names at the top has gotten far worse in the past 20 years.
If I remember right, the top 10 companies have ~50% of the money. You're probably betting on Apple's next iWatch setting the world on fire a lot more than you think you are.
If you meant to 'invest in a little of everything' because you don't think you should be picking stocks, there's a better way to do that.
If you massively overweight the MidCaps (or both Mids and SmallCaps), you're spreading that risk around a lot better. If you look at the returns of the MidCaps, it's way better over most any timeframe. It's a tiny bit more volatile on it's own, but you actually reduce volatility if you split it with the Total Market/500 Index because it doesn't move exactly the same, and doing a bit of rebalancing will reduce volatility, too (I don't even bother, though).
Mids went through the dot com crash with little problem, while the 500/Total/LargeCaps got HAMMERED. It dropped about 5% more in the '08 crash, but recovered 100% just as fast at the Total Market -so no problem there, IMO. Did something similar in that small crash early '16.
So the 'LargeCap'/Total/500 are really MEGACaps (and Large) funds. And the MidCaps are really LargeCap (and Mids). When you mix the two, you get a true LargeCap focus spread over many more stocks. You're still in all the Megas, but their weight becomes totally reasonable. And you have a real strong investment in a lot of multi-billion dollar MidCaps which are big names we all know, and ought to have more room to keep growing compared to the few crowding the top with so much money they don't even know what to do with all of it.