Beck Mack & Oliver portfolio

What changed this quarter

106 positions with a change (12 new, 26 added to, 60 trimmed, 8 sold); also, 1 entered through an IPO, 1 entered through a spin-off. 2 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Alcon+301%more sharesIncreased
  0.3% → 1.1%
• Alphabet−13%fewer sharesReduced
  5.4% → 5.5%

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

• AlphabetGOOG · GOOGL7.1%
• Apollo Global ManagementAPO6.2%
• BlackstoneBX5.1%
• Arthur J. GallagherAJG4.8%
• Sunbelt Rentals HoldingsSUNB4.6%
• MicrosoftMSFT4.0%
• RadNetRDNT3.8%
• Credit AcceptanceCACC3.8%
• Somnigroup InternationalSGI3.8%
• Charles SchwabSCHW3.6%
• Ferguson EnterprisesFERG3.6%
• Zurn Elkay Water SolutionsZWS3.4%
• Labcorp HoldingsLH3.3%
• WatersWAT3.2%
• American ExpressAXP2.7%
• JPMorgan ChaseJPM2.4%
• Hilton Worldwide HoldingsHLT2.3%
• Abbott LaboratoriesABT2.0%
• GlobalstarGSAT1.8%
• Rush EnterprisesRUSHA1.3%
• Matador ResourcesMTDR1.3%
• WabtecWAB1.2%
• Jefferies Financial GroupJEF1.2%
• QualcommQCOM1.2%
• CoStar GroupCSGP1.2%
• Amazon.comAMZN1.1%
• AlconALC1.1%
• Roper TechnologiesROP1.0%
• Johnson & JohnsonJNJ1.0%
• MastercardMA1.0%
• Berkshire HathawayBRK/B0.9%
• Blue OWL CapitalOWL0.8%
• Markel GroupMKL0.8%
• TEVA Pharmaceutical IndustriesTEVA0.7%
• BrookfieldBN0.7%
• AppleAAPL0.7%
• Union PacificUNP0.6%
• WalmartWMT0.6%
• Williams CompaniesWMB0.6%
• Enterprise Products PartnersEPD0.6%
• Lowe'sLOW0.5%
• Warner Bros. DiscoveryWBD0.5%
• HubbellHUBB0.5%
• EnbridgeENB0.3%
• Duke EnergyDUK0.3%
• ARES ManagementARES0.3%
• SyscoSYY0.3%
• Fortrea HoldingsFTRE0.3%
• Smith Douglas HomesSDHC0.3%
• Baldwin Insurance GroupBWIN0.2%
• NutrienNTR0.2%
• MerckMRK0.2%
• Sotera HealthSHC0.2%
• Verizon CommunicationsVZ0.2%
• DoverDOV0.2%
• Costco WholesaleCOST0.2%
• Sherwin-williamsSHW0.2%
• FedExFDX0.2%
• Procter & GamblePG0.2%
• 1stdibs.comDIBS0.1%
• Exxon MobilXOM0.1%
• Home DepotHD0.1%
• Park AerospacePKE0.1%
• Crimson Wine GroupCWGL0.1%
• ProgressivePGR0.1%
• Axis Capital HoldingsAXS0.1%
• Rocket CompaniesRKT0.1%
• Kimberly ClarkKMB0.1%
• Cooper CompaniesCOO0.1%
• AbbVieABBV0.1%
• Armstrong World IndustriesAWI0.1%
• LindeLIN0.1%
• SPDR Gold Shares ETFGLD0.1%
• KKRKKR0.1%
• VisaV0.1%
• Brookfield Asset ManagementBAM0.1%
• Globe LifeGL0.1%
• M&t BankMTB0.1%
• DeereDE0.1%
• Townsquare MediaTSQ0.1%
• iShares Core S&P 500 ETFIVV0.1%
• Vitesse EnergyVTS0.1%
• ChevronCVX0.1%
• Marriott InternationalMAR0.1%
• PepsicoPEP0.1%
• GE AerospaceGE0.1%
• Taiwan Semiconductor ManufacturingTSM0.1%
• GE VernovaGEVunder 0.1%
• NVIDIANVDAunder 0.1%
• Loar HoldingsLOARunder 0.1%
• PfizerPFEunder 0.1%
• TJXTJXunder 0.1%
• RTXRTXunder 0.1%
• FedEx Freight HoldingFDXFunder 0.1%
• US Bancorp \de\USBunder 0.1%
• Lumexa Imaging HoldingsLMRIunder 0.1%
• NestleNSRGYunder 0.1%
• Advanced Drainage SystemsWMSunder 0.1%
• Coca-ColaKOunder 0.1%