Courier Capital portfolio

What changed this quarter

277 positions with a change (23 new, 106 added to, 130 trimmed, 18 sold).

No moves of 0.5 points of the portfolio or more.

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

• iShares S&P 500 Growth ETFIVW6.2%
• iShares Core S&P 500 ETFIVV4.3%
• AppleAAPL4.1%
• State Street SPDR P S&P 500 Growth ETFSPYG3.5%
• iShares S&P 500 Value ETFIVE3.3%
• State Street SPDR P S&P 500 Value ETFSPYV2.7%
• iShares Core S&P Midcap ETFIJH2.6%
• MicrosoftMSFT1.9%
• Vanguard Mortgage-backed Sec ETFVMBS1.8%
• iShares Core S&P Small-cap E ETFIJR1.6%
• iShares Msci Eafe ETFEFA1.6%
• AlphabetGOOG · GOOGL1.6%
• iShares S&P Mid-cap 400 Valu ETFIJJ1.5%
• Vanguard Mrngstr Val ETF-aui ETFVTV1.5%
• iShares S&P Mid-cap 400 Grow ETFIJK1.4%
• iShares Russell 2000 Value E ETFIWN1.4%
• JPMorgan ChaseJPM1.2%
• Vanguard International Equity Index FVGK1.1%
• IsharesEMXC1.1%
• Janus Henderson Short Durati ETFVNLA1.1%
• iShares Core Msci DEV Mkts ETFIDEV0.9%
• iShares Russell 2000 Growth ETFIWO0.9%
• Johnson & JohnsonJNJ0.8%
• Vanguard Int High DVD YLD In ETFVYMI0.8%
• State Street SPDR Euro Stoxx ETFFEZ0.8%
• Fidelity Total Bond ETFFBND0.8%
• Invesco Exchange Traded Fund TRSP0.8%
• Berkshire HathawayBRK/B · BRK/A0.7%
• iShares 3-7 Year Treasury BO ETFIEI0.7%
• iShares MBS ETFMBB0.7%
• iShares Core Msci Eafe ETFIEFA0.7%
• iShares Core High Dividend E ETFHDV0.7%
• iShares 7-10 Year Treasury B ETFIEF0.7%
• iShares Russell 2000 ETFIWM0.7%
• State Str Spdr S&P 500 ETF TSPY0.7%
• iShares Msci Eafe Growth ETFEFG0.7%
• Exxon MobilXOM0.6%
• Cisco SystemsCSCO0.6%
• Amazon.comAMZN0.6%
• iShares Msci USA Min Vol FAC ETFUSMV0.6%
• iShares 0-3 Month Treasury B ETFSGOV0.6%
• ChevronCVX0.5%
• Doubleline ETF TrustDSCO0.5%
• iShares 0-5 Year Tips Bond E ETFSTIP0.5%
• Bank of AmericaBAC0.5%
• State Street SPDR P St C Corp ETFSPSB0.5%
• Vanguard Ftse Developed ETFVEA0.5%
• J P Morgan Exchange Traded FundJEPI0.5%
• VisaV0.5%
• iShares Msci Eafe Value ETFEFV0.5%
• Vanguard International Equity Index FVWO0.5%
• IsharesIEMG0.4%
• Vanguard Index FundsVBR0.4%
• iShares International Small ETFISCF0.4%
• BlackRock ETF Trust IICLOA0.4%
• OracleORCL0.4%
• iShares Floating Rate Bond E ETFFLOT0.4%
• iShares Russell 1000 Growth ETFIWF0.4%
• Vanguard Total Bond Market ETFBND0.4%
• International Business MachinesIBM0.4%
• MerckMRK0.4%
• Vanguard Long-term Treasury ETFVGLT0.4%
• State Street SPDR P Int C Corp ETFSPIB0.4%
• LindeLIN0.4%
• Vanguard S&P 500 ETFVOO0.4%
• Advanced Micro DevicesAMD0.4%
• CitigroupC0.4%
• TeslaTSLA0.3%
• M&t BankMTB0.3%
• J P Morgan Exchange Traded FundJCPB0.3%
• SPDR Gold Minishares Trust ETFGLDM0.3%
• Flexshares TrTDTF0.3%
• iShares Tips Bond ETFTIP0.3%
• Invesco Actively Managed EXCVRIG0.3%
• iShares Global Tech ETFIXN0.3%
• St SR UTL SL SE SPDR ETF-usd ETFXLU0.3%
• Costco WholesaleCOST0.3%
• iShares US Real Estate ETFIYR0.3%
• PepsicoPEP0.3%
• WalmartWMT0.3%
• RTXRTX0.3%
• NVIDIANVDA0.3%
• American ExpressAXP0.3%
• iShares 0-5 Yr HY Corp Bond ETFSHYG0.3%
• Invesco QQQ Trust Series 1 ETFQQQ0.3%
• Procter & GamblePG0.3%
• CorningGLW0.3%
• BNY Mellon ETF TrustBKGI0.3%
• WisdomTree EUR S/c Dividend ETFDFE0.3%
• BroadcomAVGO0.3%
• IntelINTC0.3%
• Eli LillyLLY0.3%
• Vanguard Most Sm-cap ETF-usd ETFVB0.3%
• Lockheed MartinLMT0.3%
• STE Str SPDR PT S&P 500 ETFSPYM0.2%
• CaterpillarCAT0.2%
• AmgenAMGN0.2%
• iShares Russell 1000 Value E ETFIWD0.2%