&partners portfolio

What changed this quarter

2294 positions with a change (182 new, 1377 added to, 668 trimmed, 67 sold); also, 7 entered through an IPO, 13 exited through an acquisition or merger, 5 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

• AppleAAPL3.5%
• iShares Core S&P 500 ETFIVV2.9%
• iShares Core S&P Midcap ETFIJH2.6%
• NVIDIANVDA2.5%
• MicrosoftMSFT2.3%
• AlphabetGOOGL · GOOG2.0%
• iShares Core U.s. Aggregate ETFAGG1.7%
• Dimensional ETF TrustDFAI1.7%
• BroadcomAVGO1.5%
• iShares Core Msci Eafe ETFIEFA1.4%
• Amazon.comAMZN1.3%
• JPMorgan ChaseJPM1.3%
• State Str Spdr S&P 500 ETF TSPY1.0%
• Micron TechnologyMU1.0%
• Vanguard S&P 500 ETFVOO1.0%
• Eli LillyLLY0.9%
• Vanguard Total International Bond ETFBNDX0.9%
• Johnson & JohnsonJNJ0.8%
• Vanguard Mrngstar GR ETF-sui ETFVUG0.8%
• IsharesIEMG0.7%
• Meta PlatformsMETA0.7%
• WalmartWMT0.7%
• VisaV0.6%
• Vanguard Dividend Apprec ETFVIG0.6%
• iShares Msci USA Quality FAC ETFQUAL0.6%
• Capital Group Dividend ValueCGDV0.6%
• Cisco SystemsCSCO0.6%
• Vanguard Ftse Developed ETFVEA0.6%
• Vanguard Mrngstr Val ETF-aui ETFVTV0.5%
• Applied MaterialsAMAT0.5%
• iShares Core S&P Small-cap E ETFIJR0.5%
• Costco WholesaleCOST0.5%
• CaterpillarCAT0.5%
• Berkshire HathawayBRK/B0.5%
• Vanguard Short-term Bond ETFBSV0.5%
• Invesco QQQ Trust Series 1 ETFQQQ0.5%
• Vanguard Index FundsVTI0.5%
• Goldman Sachs GroupGS0.4%
• AbbVieABBV0.4%
• TeslaTSLA0.4%
• Capital Group Growth ETFCGGR0.4%
• Capital GRP Fixed Incm ETF TCGCP0.4%
• AmgenAMGN0.4%
• Exxon MobilXOM0.4%
• Home DepotHD0.4%
• Vanguard Index FundsVO0.4%
• PNC Financial Services GroupPNC0.4%
• McDONALD’SMCD0.4%
• BlackRockBLK0.4%
• ChevronCVX0.4%
• Analog DevicesADI0.4%
• Procter & GamblePG0.4%
• American Centy ETF TrAVLV0.3%
• Morgan Stanley ETF TrustEVIM0.3%
• State Street Technology Select Sector ETFXLK0.3%
• Nextera EnergyNEE0.3%
• International Business MachinesIBM0.3%
• EatonETN0.3%
• AflacAFL0.3%
• American Centy ETF TrAVDE0.3%
• Capital Group GBL Growth EQTCGGO0.3%
• Taiwan Semiconductor ManufacturingTSM0.3%
• Palo Alto NetworksPANW0.3%
• MerckMRK0.3%
• Automatic Data ProcessingADP0.3%
• Vanguard International Equity Index FVWO0.3%
• Verizon CommunicationsVZ0.3%
• Advanced Micro DevicesAMD0.3%
• General DynamicsGD0.3%
• Janus Henderson AAA CLO ETFJAAA0.3%
• ChubbCB0.3%
• TJXTJX0.3%
• PepsicoPEP0.3%
• Lowe'sLOW0.3%
• iShares Core S&P Total U.s ETFITOT0.3%
• Constellation EnergyCEG0.3%
• Lam ResearchLRCX0.2%
• GE AerospaceGE0.2%
• Vanguard Int-term Corporate ETFVCIT0.2%
• LindeLIN0.2%
• iShares S&P 500 Growth ETFIVW0.2%
• Vanguard Most Sm-cap ETF-usd ETFVB0.2%
• Abbott LaboratoriesABT0.2%
• BlackRock ETF TrustDYNF0.2%
• Williams CompaniesWMB0.2%
• Capital Group Core Equity ETCGUS0.2%
• EOG ResourcesEOG0.2%
• SPDR Gold Shares ETFGLD0.2%
• QualcommQCOM0.2%
• Palantir TechnologiesPLTR0.2%
• OracleORCL0.2%
• Invesco Exchange Traded Fund TRSP0.2%
• Capital Group International Focus EQTCGXU0.2%
• UnitedHealth GroupUNH0.2%
• RTXRTX0.2%
• Gilead SciencesGILD0.2%
• KLAKLAC0.2%
• MastercardMA0.2%
• CrowdStrike HoldingsCRWD0.2%