Smithfield Trust portfolio

What changed this quarter

256 positions with a change (15 new, 46 added to, 171 trimmed, 24 sold); also, 4 exited through an acquisition or merger, 2 entered through a spin-off.

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

• Vanguard S&P 500 ETFVOO11.3%
• Vanguard Short-term Treasury ETFVGSH4.9%
• Vanguard Short-term Bond ETFBSV3.9%
• iShares 1-3 Year Treasury BO ETFSHY3.7%
• Vanguard Index FundsVO3.3%
• AppleAAPL3.2%
• Vanguard S/t Corp Bond ETFVCSH3.1%
• Vanguard Most Sm-cap ETF-usd ETFVB3.1%
• Invesco QQQ Trust Series 1 ETFQQQ2.8%
• Vanguard International Equity Index FVPL2.7%
• Vanguard International Equity Index FVGK2.7%
• iShares Core S&P 500 ETFIVV2.5%
• Vanguard High DVD Yield ETFVYM2.5%
• Vanguard International Equity Index FVWO2.4%
• iShares 0-3 Month Treasury B ETFSGOV2.3%
• iShares Core U.s. Aggregate ETFAGG1.8%
• Vanguard Index FundsVTI1.6%
• MicrosoftMSFT1.4%
• AlphabetGOOGL · GOOG1.2%
• Berkshire HathawayBRK/A · BRK/B1.2%
• IsharesIEMG1.1%
• iShares Core Msci Pacific ET ETFIPAC1.1%
• iShares Core S&P Small-cap E ETFIJR1.1%
• iShares Core Msci Europe ETFIEUR1.0%
• Vanguard Total Bond Market ETFBND1.0%
• iShares Core S&P Midcap ETFIJH0.9%
• Bank of New York MellonBNY0.8%
• Johnson & JohnsonJNJ0.8%
• NVIDIANVDA0.8%
• Vanguard Index FundsVV0.7%
• Vanguard Intermediate-term B ETFBIV0.7%
• iShares Core S&P Total U.s ETFITOT0.7%
• Applied MaterialsAMAT0.6%
• Vanguard Tax-exempt Bond ETFVTEB0.6%
• iShares 0-1 Year Treasury BO ETFSHV0.6%
• Amazon.comAMZN0.6%
• State Street SPDR P St C Corp ETFSPSB0.5%
• iShares 1-5y INV Grade ETFIGSB0.5%
• iShares Russell 2000 ETFIWM0.5%
• iShares Short-term National ETFSUB0.5%
• MerckMRK0.5%
• State Str Spdr S&P 500 ETF TSPY0.5%
• Eli LillyLLY0.5%
• iShares Core International Stock ETFIXUS0.4%
• Exxon MobilXOM0.4%
• OracleORCL0.4%
• iShares Core High Dividend E ETFHDV0.4%
• JPMorgan ChaseJPM0.4%
• Procter & GamblePG0.4%
• iShares National Muni Bond E ETFMUB0.3%
• GE AerospaceGE0.3%
• AbbVieABBV0.3%
• iShares Select Dividend ETFDVY0.3%
• ProShares Ultrapro Short QQQ ETFSQQQ0.3%
• Churchill DownsCHDN0.3%
• BroadcomAVGO0.3%
• Vanguard Ftse Developed ETFVEA0.3%
• GE VernovaGEV0.3%
• Lam ResearchLRCX0.3%
• PepsicoPEP0.2%
• PNC Financial Services GroupPNC0.2%
• CaterpillarCAT0.2%
• McDONALD’SMCD0.2%
• Schwab US DVD Equity ETFSCHD0.2%
• Vanguard Intermediate-term T ETFVGIT0.2%
• International Business MachinesIBM0.2%
• Norfolk SouthernNSC0.2%
• iShares S&P 500 Growth ETFIVW0.2%
• Union PacificUNP0.2%
• WalmartWMT0.2%
• Advanced Micro DevicesAMD0.2%
• State Street SPDR S&P Dividend ETFSDY0.2%
• iShares S&P 500 Value ETFIVE0.2%
• VisaV0.2%
• Bristol-myers SquibbBMY0.2%
• PPG IndustriesPPG0.2%
• Vanguard Mrngstar GR ETF-sui ETFVUG0.2%
• Worthington EnterprisesWOR0.2%
• iShares Msci Emerging Market ETFEEM0.2%
• Iron MountainIRM0.2%
• Cisco SystemsCSCO0.2%
• State Street SPDR N ICE St Muni ETFSHM0.2%
• Taiwan Semiconductor ManufacturingTSM0.1%
• Home DepotHD0.1%
• Nextera EnergyNEE0.1%
• MastercardMA0.1%
• American ExpressAXP0.1%
• Meta PlatformsMETA0.1%
• Micron TechnologyMU0.1%
• ChevronCVX0.1%
• Bloom EnergyBE0.1%
• IntelINTC0.1%
• DeereDE0.1%
• Schwab US Large-cap Growth ETFSCHG0.1%
• Thermo Fisher ScientificTMO0.1%
• Automatic Data ProcessingADP0.1%
• Coca-ColaKO0.1%
• State Street SPDR BB 1-3m T-bill ETFBIL0.1%