Total Investment Management portfolio

What changed this quarter

48 positions with a change (10 new, 16 added to, 20 trimmed, 2 sold). 8 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Bondbloxx ETF Trust−73%fewer sharesReduced
  5.8% → 1.4%
• Baron Technology ETF+3.9 ppof portfolioNew
  — → 3.9%
• Bondbloxx ETF Trust+2.0 ppof portfolioNew
  — → 2.0%
• First Tr Exchange-traded Fund+1.7 ppof portfolioNew
  — → 1.7%
• Bondbloxx ETF Trust+1.3 ppof portfolioNew
  — → 1.3%
• Invesco Exchange Traded Fund T+9.3%more sharesIncreased
  7.3% → 7.1%
• BNY Mellon ETF Trust+8.9%more sharesIncreased
  7.5% → 7.4%
• iShares Agency Bond ETF+0.5 ppof portfolioNew
  — → 0.5%

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

• State Str Spdr S&P 500 ETF TSPY9.8%
• Invesco Nasdaq 100 ETFQQQM8.7%
• iShares Msci Emerging Market ETFEEM8.2%
• BNY Mellon ETF TrustBKUI8.0%
• iShares Core S&P 500 ETFIVV7.4%
• BNY Mellon ETF TrustBKAG7.4%
• First Tr Exchange-traded ALPFNK7.2%
• Invesco Exchange Traded Fund TRSP7.1%
• Tema ETF TrustDSPY7.1%
• Vanguard Index FundsVTI6.1%
• Baron Technology ETFBCTK3.9%
• Baron EM Select ETFBCEM3.3%
• Bondbloxx ETF TrustXFIV2.0%
• First Tr Exchange-traded FundSCIO1.7%
• Vanguard Index FundsVV1.6%
• Bondbloxx ETF TrustXHLF1.4%
• Bondbloxx ETF TrustXSVN1.3%
• AppleAAPL1.0%
• Pimco Active Bond Exchange-t ETFBOND0.5%
• iShares Agency Bond ETFAGZ0.5%
• SPDR Gold Minishares Trust ETFGLDM0.5%
• RBB FundTBIL0.4%
• Ishares Bitcoin Trust ETFIBIT0.3%
• iShares Core U.s. Aggregate ETFAGG0.3%
• iShares S&P 500 Value ETFIVE0.3%
• CaterpillarCAT0.2%
• Federal SignalFSS0.2%
• WalmartWMT0.2%
• NVIDIANVDA0.1%
• Amazon.comAMZN0.1%
• iShares Ethereum Trust ETFETHA0.1%
• Schwab US Large-cap ETFSCHX0.1%
• JPMorgan ChaseJPM0.1%
• United Airlines HoldingsUAL0.1%
• iShares Russell 2000 ETFIWM0.1%
• Invesco QQQ Trust Series 1 ETFQQQ0.1%
• TeslaTSLA0.1%
• Southwest AirlinesLUV0.1%
• Berkshire HathawayBRK/B0.1%
• Space Exploration TechnologiesSPCX0.1%
• BroadcomAVGO0.1%
• Sprott Asset ManagementPSLV · PHYS0.1%
• iShares Msci Eafe ETFEFA0.1%
• MicrosoftMSFT0.1%
• AlphabetGOOGL · GOOG0.1%
• State Street SPDR BB 1-3m T-bill ETFBIL0.1%
• Cisco SystemsCSCO0.1%
• Delta Air LinesDAL0.1%
• Schwab US Broad Market ETFSCHB0.1%
• Direxion Shares ETF TrustQQQE0.1%
• Meta PlatformsMETA0.1%
• ChevronCVX0.1%
• Schwab Fndmntl US BRD MR ETFFNDBunder 0.1%
• ARK Innovation ETFARKKunder 0.1%
• IntelINTCunder 0.1%
• Coca-ColaKOunder 0.1%
• Pimco Enhanced Short Maturit ETFMINTunder 0.1%
• State Street Technology Select Sector ETFXLKunder 0.1%
• Schwab Long-term US Treasury ETFSCHQunder 0.1%
• Procter & GamblePGunder 0.1%
• Abrdn Silver ETF TrustSIVRunder 0.1%
• Dimensional ETF TrustDFSDunder 0.1%
• Advanced Micro DevicesAMDunder 0.1%
• Vanguard International Equity Index FVTunder 0.1%
• First Trust Nasdq 100 Tech I ETFQTECunder 0.1%
• BoeingBAunder 0.1%
• Global X Silver Miners ETFSILunder 0.1%
• Kinder MorganKMIunder 0.1%
• Eli LillyLLYunder 0.1%
• Exxon MobilXOMunder 0.1%
• MerckMRKunder 0.1%
• Vanguard Mrngstar GR ETF-sui ETFVUGunder 0.1%
• Endeavour SilverEXKunder 0.1%
• McDONALD’SMCDunder 0.1%
• iShares Biotechnology ETFIBBunder 0.1%
• Ishares TrIUSBunder 0.1%
• ProShares Ultrapro QQQ ETFTQQQunder 0.1%
• Marathon PetroleumMPCunder 0.1%
• VisaVunder 0.1%
• J P Morgan Exchange Traded FundBBUSunder 0.1%
• Schwab US Small-cap ETFSCHAunder 0.1%
• iShares Msci Acwi ETFACWIunder 0.1%
• iShares Core S&P U.s. Value ETFIUSVunder 0.1%
• AbbVieABBVunder 0.1%
• First Tr Exchange Trad Fund VIFTGCunder 0.1%
• iShares Ustechnology ETFIYWunder 0.1%
• Schwab International Equity ETFSCHFunder 0.1%
• Janus Henderson AAA CLO ETFJAAAunder 0.1%
• iShares Core Msci Eafe ETFIEFAunder 0.1%
• Verizon CommunicationsVZunder 0.1%
• International Business MachinesIBMunder 0.1%
• BlackRock Muniholdings Fund InMHDunder 0.1%
• Franklin U.s. Treasury Bond ETFFLGVunder 0.1%
• BlackRock Muniyild Qult Fund IMQYunder 0.1%
• Americas Gold and SilverUSASunder 0.1%