Uhlmann Price Securities portfolio

What changed this quarter

248 positions with a change (31 new, 126 added to, 68 trimmed, 23 sold); also, 1 entered through an IPO.

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

• KLAKLAC82.5%
• WisdomTree Floating Rate TRE ETFUSFR1.1%
• AppleAAPL0.8%
• AlphabetGOOG · GOOGL0.5%
• SouthernSO0.5%
• Cisco SystemsCSCO0.4%
• MicrosoftMSFT0.4%
• IntelINTC0.3%
• Vanguard S&P 500 ETFVOO0.3%
• Eli LillyLLY0.3%
• BlackstoneBX0.3%
• Goldman Sachs GroupGS0.3%
• State Str Spdr S&P 500 ETF TSPY0.3%
• NVIDIANVDA0.2%
• WisdomTree US Largecap Divid ETFDLN0.2%
• AbbVieABBV0.2%
• Johnson & JohnsonJNJ0.2%
• Berkshire HathawayBRK/B0.2%
• Palantir TechnologiesPLTR0.2%
• Invesco QQQ Trust Series 1 ETFQQQ0.2%
• JPMorgan ChaseJPM0.2%
• iShares 0-3 Month Treasury B ETFSGOV0.2%
• WisdomTree U.s. Quality Divi ETFDGRW0.2%
• UBER TechnologiesUBER0.2%
• IntuitINTU0.2%
• TargetTGT0.1%
• American ExpressAXP0.1%
• WisdomTree PRV CRD & ALT ETFHYIN0.1%
• Coca-ColaKO0.1%
• Micron TechnologyMU0.1%
• Neuberger Engy InfrstrNML0.1%
• SRH Total Return FundSTEW0.1%
• ShopifySHOP0.1%
• HersheyHSY0.1%
• Mexico FundMXF0.1%
• WalmartWMT0.1%
• Amazon.comAMZN0.1%
• MerckMRK0.1%
• Charles SchwabSCHW0.1%
• Schwab US Large-cap Growth ETFSCHG0.1%
• Adam NAT RES FundPEO0.1%
• EquinixEQIX0.1%
• Phillips 66PSX0.1%
• Walt DisneyDIS0.1%
• Lam ResearchLRCX0.1%
• Exxon MobilXOM0.1%
• WisdomTree US High Dividend ETFDHS0.1%
• Expand EnergyEXE0.1%
• Lockheed MartinLMT0.1%
• WisdomTree US Midcap Dividen ETFDON0.1%
• Abrdn Life Sciences InvestorHQL0.1%
• MosaicMOS0.1%
• Agnico Eagle MinesAEM0.1%
• International Business MachinesIBM0.1%
• PayPal HoldingsPYPL0.1%
• Vaneck ETF TrustSMH0.1%
• Fidelity Msci Info Tech Indx ETFFTEC0.1%
• Capital GRP Fixed Incm ETF TCGSM0.1%
• Procter & GamblePG0.1%
• Northrop GrummanNOC0.1%
• Tortoise Capital Series TrusTPZ0.1%
• MattelMAT0.1%
• WisdomTree US Smallcap Divid ETFDES0.1%
• Applied MaterialsAMAT0.1%
• Vivmark ResidentialVMRK0.1%
• Innovative Industrial PropertiesIIPR0.1%
• Royce Micro-cap TrRMT0.1%
• iShares U.s. Home Constructi ETFITB0.1%
• Western Asset Investment GRAPAI0.1%
• American TowerAMT0.1%
• Newell BrandsNWL0.1%
• PfizerPFE0.1%
• ChewyCHWY0.1%
• Capital Group International Focus EQTCGXU0.1%
• Philip Morris InternationalPM0.1%
• Capital Group Core BalancedCGBL0.1%
• CAVA GroupCAVA0.1%
• Advanced Micro DevicesAMD0.1%
• RTXRTX0.1%
• American Electric PowerAEP0.1%
• PinterestPINS0.1%
• Bristol-myers SquibbBMY0.1%
• StarbucksSBUX0.1%
• TRI ContlTY0.1%
• Capital GRP Fixed Incm ETF TCGMS0.1%
• PaychexPAYX0.1%
• Capital Group GBL Growth EQTCGGO0.1%
• Enterprise Products PartnersEPD0.1%
• CloroxCLX0.1%
• Vanguard Ftse Developed ETFVEA0.1%
• Vanguard Mrngstr Val ETF-aui ETFVTV0.1%
• Vanguard Index FundsVOunder 0.1%
• Adams Diversified Equity FundADXunder 0.1%
• Ellsworth Growth & Income FundECFunder 0.1%
• Diamondback EnergyFANGunder 0.1%
• iShares Global Tech ETFIXNunder 0.1%
• Verizon CommunicationsVZunder 0.1%
• EOG ResourcesEOGunder 0.1%
• State Street Technology Select Sector ETFXLKunder 0.1%