AGF Management portfolio

What changed this quarter

615 positions with a change (85 new, 149 added to, 313 trimmed, 68 sold); also, 2 entered through an IPO. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Microsoft+247%more sharesIncreased
  0.9% → 4.7%
• Linde−87%fewer sharesReduced
  1.8% → 0.2%
• Goldman Sachs Group−99.5%fewer sharesReduced
  1.3% → under 0.1%
• Advanced Micro Devices−43%fewer sharesReduced
  2.3% → 1.5%
• Welltower+2,186%more sharesIncreased
  under 0.1% → 1.1%
• Applied Materials−53%fewer sharesReduced
  2.4% → 0.8%
• Intel+24,366%more sharesIncreased
  under 0.1% → 0.9%
• Atlassian+0.8 ppof portfolioNew
  — → 0.9%
• Guardant Health+0.8 ppof portfolioNew
  — → 0.8%
• Viking Holdings−92%fewer sharesReduced
  1.0% → 0.1%
• Johnson & Johnson+43%more sharesIncreased
  1.5% → 2.4%
• Lumentum Holdings+0.7 ppof portfolioNew
  — → 0.7%

The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight?: what it bought or sold, excluding price effects.

Top holdings

• NVIDIANVDA5.1%
• MicrosoftMSFT4.7%
• AlphabetGOOGL · GOOG4.1%
• Amazon.comAMZN3.2%
• Eli LillyLLY2.8%
• Johnson & JohnsonJNJ2.4%
• Royal Bank of CanadaRY1.9%
• BroadcomAVGO1.9%
• State Street Technology Select Sector ETFXLK1.9%
• IlluminaILMN1.5%
• Advanced Micro DevicesAMD1.5%
• Toronto Dominion BankTD1.4%
• Valero EnergyVLO1.4%
• Robinhood MarketsHOOD1.4%
• Meta PlatformsMETA1.2%
• Dell TechnologiesDELL1.2%
• Taiwan Semiconductor ManufacturingTSM1.2%
• VisaV1.1%
• WelltowerWELL1.1%
• Suncor EnergySU1.1%
• Targa ResourcesTRGP1.1%
• Lam ResearchLRCX1.0%
• Fidelity Msci Info Tech Indx ETFFTEC1.0%
• Agnico Eagle MinesAEM0.9%
• EatonETN0.9%
• Quanta ServicesPWR0.9%
• IntelINTC0.9%
• TeslaTSLA0.9%
• Hilton Worldwide HoldingsHLT0.9%
• Vanguard Index FundsVTI0.9%
• AtlassianTEAM0.9%
• EnbridgeENB0.8%
• Applied MaterialsAMAT0.8%
• Canadian Natural ResourcesCNQ0.8%
• Guardant HealthGH0.8%
• GE VernovaGEV0.8%
• TechnipFMCFTI0.7%
• Monster BeverageMNST0.7%
• Lumentum HoldingsLITE0.7%
• SnowflakeSNOW0.7%
• Thermo Fisher ScientificTMO0.7%
• CaterpillarCAT0.6%
• Canadian Pacific Kansas CityCP0.6%
• Palo Alto NetworksPANW0.6%
• AbbVieABBV0.6%
• Thomson ReutersTRI0.6%
• Space Exploration TechnologiesSPCX0.6%
• Marvell TechnologyMRVL0.6%
• Micron TechnologyMU0.6%
• CamecoCCJ0.5%
• JPMorgan ChaseJPM0.5%
• Vanguard S&P 500 ETFVOO0.5%
• Canadian Imperial Bank of CommerceCM0.5%
• State Street SPDR BB 1-3m T-bill ETFBIL0.5%
• Interactive Brokers GroupIBKR0.5%
• State Street Financial Select Sector ETFXLF0.5%
• Southern Copper Corp/SCCO0.5%
• Vanguard Ftse Developed ETFVEA0.5%
• ArgenxARGX0.5%
• TC EnergyTRP0.5%
• CorningGLW0.5%
• State Street Health Care Select Sector ETFXLV0.5%
• TJXTJX0.4%
• PrimericaPRI0.4%
• Intercontinental ExchangeICE0.4%
• Analog DevicesADI0.4%
• Barclays BankDJP0.4%
• AppleAAPL0.4%
• Canadian National RailwayCNI0.4%
• Philip Morris InternationalPM0.4%
• NutrienNTR0.4%
• Waste ConnectionsWCN0.4%
• Mondelez InternationalMDLZ0.4%
• State Street Industrial Select Sector ETFXLI0.4%
• Rogers CommunicationsRCI0.4%
• Waste ManagementWM0.4%
• BrookfieldBN0.4%
• Vanguard Index FundsVV0.4%
• Howmet AerospaceHWM0.4%
• NucorNUE0.3%
• Sun Life FinancialSLF0.3%
• Manulife FinancialMFC0.3%
• Vanguard Info Tech ETFVGT0.3%
• ARM HoldingsARM0.3%
• ChubbCB0.3%
• Northrop GrummanNOC0.3%
• Morgan StanleyMS0.3%
• Bank of AmericaBAC0.3%
• Motorola SolutionsMSI0.3%
• Williams CompaniesWMB0.3%
• State Street Comm Select Sector SPDR ETFXLC0.3%
• Fidelity Msci Financial Indx ETFFNCL0.3%
• Alamos GoldAGI0.3%
• Nu HoldingsNU0.3%
• Bank of MontrealBMO0.3%
• SeaSE0.3%
• McDONALD’SMCD0.3%
• Costco WholesaleCOST0.3%
• Fidelity Msci Health Care ETFFHLC0.3%