Vaughan Nelson Investment Management portfolio

What changed this quarter

195 positions with a change (27 new, 66 added to, 60 trimmed, 42 sold); also, 1 entered through a spin-off. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Lincoln Electric Holdings−1.8 ppof portfolioSold out
  2.0% → —
• Moog+1.1 ppof portfolioNew
  — → 1.1%
• WESCO International−81%fewer sharesReduced
  1.1% → 0.2%
• Garrett Motion+0.9 ppof portfolioNew
  — → 0.9%
• Qnity Electronics+0.8 ppof portfolioNew
  — → 0.8%
• Element Solutions−51%fewer sharesReduced
  1.2% → 0.7%
• MGM Resorts International+0.7 ppof portfolioNew
  — → 0.7%
• Intercontinental Exchange−0.7 ppof portfolioSold out
  0.8% → —
• FTI Consulting−0.7 ppof portfolioSold out
  0.8% → —
• Avantor+0.6 ppof portfolioNew
  — → 0.6%
• Southern+0.6 ppof portfolioNew
  — → 0.6%
• Unity Software+0.6 ppof portfolioNew
  — → 0.6%

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

• NVIDIANVDA3.0%
• Eli LillyLLY2.5%
• AlphabetGOOGL2.5%
• Taiwan Semiconductor ManufacturingTSM2.0%
• AppleAAPL1.9%
• Monolithic Power SystemsMPWR1.8%
• iShares Russell 2000 Value E ETFIWN1.7%
• CumminsCMI1.6%
• NucorNUE1.5%
• Amazon.comAMZN1.5%
• EatonETN1.5%
• Valmont IndustriesVMI1.3%
• United RentalsURI1.2%
• SanminaSANM1.2%
• Exxon MobilXOM1.2%
• JPMorgan ChaseJPM1.2%
• Applied MaterialsAMAT1.1%
• Sensient TechnologiesSXT1.1%
• Cushman & WakefieldCWK1.1%
• Charles SchwabSCHW1.1%
• Carlisle CompaniesCSL1.1%
• VisaV1.1%
• RevvityRVTY1.1%
• MoogMOG/A1.1%
• GATXGATX1.0%
• Ross StoresROST1.0%
• IlluminaILMN1.0%
• Coca-cola ConsolidatedCOKE0.9%
• Garrett MotionGTX0.9%
• SynopsysSNPS0.9%
• Marvell TechnologyMRVL0.9%
• JBT MarelJBTM0.9%
• Clean HarborsCLH0.9%
• HubbellHUBB0.9%
• ShopifySHOP0.8%
• Warby ParkerWRBY0.8%
• ValvolineVVV0.8%
• Vulcan MaterialsVMC0.8%
• Selective Insurance GroupSIGI0.8%
• Qnity ElectronicsQ0.8%
• SandiskSNDK0.8%
• Burlington StoresBURL0.8%
• Artisan Partners Asset ManagementAPAM0.8%
• EvergyEVRG0.7%
• Alliant EnergyLNT0.7%
• MGM Resorts InternationalMGM0.7%
• Berkshire HathawayBRK/B0.7%
• BoeingBA0.7%
• Element SolutionsESI0.7%
• SpireSR0.7%
• HexcelHXL0.7%
• Hanover Insurance GroupTHG0.7%
• WEC Energy GroupWEC0.7%
• CMS EnergyCMS0.7%
• Curtiss-wrightCW0.7%
• AvantorAVTR0.6%
• Bath & Body WorksBBWI0.6%
• Northwest Natural HoldingNWN0.6%
• SouthernSO0.6%
• Cullen/Frost BankersCFR0.6%
• Unity SoftwareU0.6%
• Firstcash HoldingsFCFS0.6%
• Federal SignalFSS0.6%
• Hudbay MineralsHBM0.6%
• Houlihan LokeyHLI0.6%
• Meta PlatformsMETA0.6%
• Norwegian Cruise Line HoldingsNCLH0.6%
• Royal Caribbean CruisesRCL0.6%
• AGNC InvestmentAGNC0.6%
• CarnivalCCL0.6%
• Southstate BankSSB0.6%
• Mueller IndustriesMLI0.6%
• AmrizeAMRZ0.6%
• Howmet AerospaceHWM0.6%
• OktaOKTA0.5%
• SharkninjaSN0.5%
• CraneCR0.5%
• GlaukosGKOS0.5%
• Microchip TechnologyMCHP0.5%
• Life Time Group HoldingsLTH0.5%
• Glacier BancorpGBCI0.5%
• Antero ResourcesAR0.5%
• CoherentCOHR0.5%
• First Financial BancorpFFBC0.5%
• Old National BancorpONB0.5%
• Columbia Banking SystemCOLB0.5%
• Ameris BancorpABCB0.5%
• FlowserveFLS0.5%
• AutoZoneAZO0.5%
• WSFS FinancialWSFS0.5%
• Wintrust FinancialWTFC0.5%
• TechnipFMCFTI0.5%
• nVent ElectricNVT0.5%
• Acadia HealthcareACHC0.5%
• ATIATI0.5%
• United BanksharesUBSI0.5%
• UMB FinancialUMBF0.5%
• United Community BanksUCB0.4%
• BWX TechnologiesBWXT0.4%
• Red Rock ResortsRRR0.4%