MAI Capital Management portfolio

What changed this quarter

4494 positions with a change (26 new, 1416 added to, 227 trimmed, 2825 sold); also, 2 entered through an IPO, 58 exited through an acquisition or merger, 3 entered through a spin-off. 11 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• SPDR Gold Minishares Trust ETF+38,849%more sharesIncreased
  under 0.1% → 2.3%
• iShares Core S&P 500 ETF+43%more sharesIncreased
  6.4% → 7.0%
• Schwab U.s. Tips ETF+100,216%more sharesIncreased
  under 0.1% → 1.2%
• Vanguard Index Funds+130%more sharesIncreased
  0.9% → 1.7%
• Flexshares Tr+2,610%more sharesIncreased
  0.1% → 1.0%
• NVIDIA+55%more sharesIncreased
  1.7% → 2.0%
• State Str Spdr S&P 500 ETF T+25%more sharesIncreased
  3.5% → 3.4%
• Vanguard Ftse Developed ETF+52%more sharesIncreased
  1.7% → 1.9%
• Apple+21%more sharesIncreased
  3.5% → 3.3%
• iShares S&P 100 ETF+4,046%more sharesIncreased
  under 0.1% → 0.6%
• Dimensional ETF Trust+370%more sharesIncreased
  0.2% → 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

• iShares Core S&P 500 ETFIVV7.0%
• State Str Spdr S&P 500 ETF TSPY3.4%
• AppleAAPL3.3%
• AlphabetGOOGL · GOOG2.5%
• SPDR Gold Minishares Trust ETFGLDM2.3%
• NVIDIANVDA2.0%
• Vanguard Ftse Developed ETFVEA1.9%
• MicrosoftMSFT1.8%
• Vanguard Index FundsVTI1.7%
• iShares Core S&P Midcap ETFIJH1.6%
• Amazon.comAMZN1.3%
• Vanguard International Equity Index FVWO1.3%
• Invesco QQQ Trust Series 1 ETFQQQ1.2%
• Schwab U.s. Tips ETFSCHP1.2%
• iShares Core S&P Small-cap E ETFIJR1.2%
• Vanguard Dividend Apprec ETFVIG1.1%
• iShares S&P 500 Value ETFIVE1.1%
• BroadcomAVGO1.0%
• Flexshares TrGUNR1.0%
• Vanguard S&P 500 ETFVOO0.9%
• iShares Core Msci Eafe ETFIEFA0.9%
• Tidal Trust IRPAR0.8%
• Berkshire HathawayBRK/B0.8%
• IsharesIEMG0.8%
• iShares Russell 1000 Growth ETFIWF0.8%
• State Str Spdr S&P Midcap 40MDY0.7%
• Invesco Exchange Traded Fund TRSP0.7%
• JPMorgan ChaseJPM0.7%
• Dimensional ETF TrustDFAI0.7%
• Dimensional ETF TrustDFAU0.6%
• iShares Russell 2000 ETFIWM0.6%
• Vanguard Mrngstr Val ETF-aui ETFVTV0.6%
• AbbVieABBV0.6%
• iShares S&P 500 Growth ETFIVW0.6%
• Eli LillyLLY0.6%
• State Street SPDR S&P Dividend ETFSDY0.6%
• iShares S&P 100 ETFOEF0.6%
• iShares 0-3 Month Treasury B ETFSGOV0.5%
• Meta PlatformsMETA0.5%
• Johnson & JohnsonJNJ0.5%
• VisaV0.5%
• Cisco SystemsCSCO0.5%
• iShares Msci Acwi ETFACWI0.5%
• Taiwan Semiconductor ManufacturingTSM0.4%
• Vanguard Short-term Tips ETFVTIP0.4%
• Vanguard Short-term Treasury ETFVGSH0.4%
• Vanguard S/t Corp Bond ETFVCSH0.4%
• iShares Tips Bond ETFTIP0.4%
• iShares Core U.s. Aggregate ETFAGG0.4%
• Costco WholesaleCOST0.4%
• RTXRTX0.4%
• Dimensional ETF TrustDFAE0.4%
• iShares 1-5y INV Grade ETFIGSB0.4%
• Vanguard Mrngstar GR ETF-sui ETFVUG0.4%
• Sherwin-williamsSHW0.4%
• iShares MBS ETFMBB0.4%
• iShares Russell 1000 Value E ETFIWD0.4%
• IsharesEMXC0.3%
• State Street Technology Select Sector ETFXLK0.3%
• Procter & GamblePG0.3%
• Vanguard Russell 1000 ETFVONE0.3%
• Exxon MobilXOM0.3%
• Home DepotHD0.3%
• iShares S&P Mid-cap 400 Grow ETFIJK0.3%
• Vanguard International Equity Index FVT0.3%
• WalmartWMT0.3%
• Vanguard Info Tech ETFVGT0.3%
• Vanguard Russell 2000 ETFVTWO0.3%
• iShares Gold Trust ETFIAU0.3%
• Schwab US DVD Equity ETFSCHD0.3%
• BlackRock ETF Trust IIBINC0.3%
• Pgim Ultra Short Bond ETFPULS0.3%
• Schwab US Large-cap Growth ETFSCHG0.3%
• Advanced Micro DevicesAMD0.3%
• CaterpillarCAT0.3%
• Lam ResearchLRCX0.3%
• Vanguard Most Sm-cap ETF-usd ETFVB0.3%
• Bank of AmericaBAC0.3%
• iShares Msci USA Min Vol FAC ETFUSMV0.3%
• iShares 0-5 Yr INV GRD ETFSLQD0.2%
• EatonETN0.2%
• Applied MaterialsAMAT0.2%
• iShares 5-10y INV Grade ETFIGIB0.2%
• MastercardMA0.2%
• Micron TechnologyMU0.2%
• QualcommQCOM0.2%
• Invesco Bulletshares 2027 CB ETFBSCR0.2%
• TeslaTSLA0.2%
• Vanguard Health Care ETFVHT0.2%
• iShares AAA - A Rated Corpor ETFQLTA0.2%
• OracleORCL0.2%
• ChevronCVX0.2%
• iShares Russell 2000 Value E ETFIWN0.2%
• State Street SPDR P AGG Bond ETFSPAB0.2%
• Goldman Sachs GroupGS0.2%
• ChubbCB0.2%
• iShares Russell Mid-cap ETFIWR0.2%
• Schwab International Equity ETFSCHF0.2%
• Coca-ColaKO0.2%