CSS portfolio

What changed this quarter

583 positions with a change (143 new, 161 added to, 173 trimmed, 106 sold); also, 24 entered through an IPO, 34 exited through an acquisition or merger, 14 entered through a spin-off. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Hewlett Packard Enterprise C+1,015%more sharesIncreased
  0.9% → 11.2%
• Apollo Global Management+391%more sharesIncreased
  2.0% → 6.2%
• Bank of Amer+388%more sharesIncreased
  1.5% → 4.8%
• Microchip Technology+3.2 ppof portfolioNew
  — → 3.2%
• Boeing+1.8 ppof portfolioNew
  — → 1.8%
• Nextera Energy−68%fewer sharesReduced
  3.4% → 0.6%
• State Str Spdr S&P 500 ETF T+1.0 ppof portfolioNew
  — → 1.0%
• Albemarle+88%more sharesIncreased
  2.3% → 2.0%
• EL Paso Energy Cap Tr I+97%more sharesIncreased
  1.5% → 1.7%
• Janus Henderson Group+1,012%more sharesIncreased
  0.1% → 0.7%
• Iron Horse Acquisition II−0.5 ppof portfolioSold out
  0.9% → —
• Chart Industries+328%more sharesIncreased
  0.3% → 0.7%

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

• Hewlett Packard Enterprise C(preferred)11.2%
• Apollo Global Management(preferred)6.2%
• Bank of Amer(preferred)4.8%
• Super Micro Computer(preferred)3.4%
• Core ScientificCORZW(warrant)3.3%
• Microchip Technology(preferred)3.2%
• Albemarle(preferred)2.0%
• Boeing(preferred)1.8%
• EL Paso Energy Cap Tr I(preferred)1.7%
• Invesco Exchange Traded Fund TRSP1.7%
• Vanguard S&P 500 ETFVOO1.7%
• Alphabet(preferred)1.5%
• Western DigitalWDC1.2%
• iShares Gold Trust ETFIAU1.1%
• Kimco Realty(preferred)1.1%
• Nextera Energy(preferred)1.0%
• State Str Spdr S&P 500 ETF TSPY1.0%
• PenumbraPEN0.9%
• Ionis PharmaceuticalsIONS0.9%
• Oceanhawk AcquisitionOHAC0.8%
• Futurecorp Space AcquisitionFTRA/U(unit)0.8%
• Chart Industries0.7%
• Janus Henderson GroupJHG0.7%
• Special Opportunities Fund(preferred)0.7%
• SRH Total Return FundSTEW0.6%
• Titan AcquisitionTACH0.6%
• Jazz PharmaceuticalsJAZZ0.5%
• EQV Ventures Acquisition Corp. IIEVAC0.5%
• WEN AcquisitionWENN0.5%
• Revolution MedicinesRVMDW(warrant)0.5%
• Litman Gregory Funds TrDBMF0.5%
• Total Return Securities FundSWZ0.5%
• Lionheart HoldingsCUB0.4%
• AZULAZUL0.4%
• TRG Latin America AcquisitionsTRGS0.4%
• Bloom EnergyBE0.4%
• Sila Realty Trust0.4%
• Armada Acquisition Corp. IIIAACIU(unit)0.4%
• Shift4 Pmts(preferred)0.4%
• Simplify Managed Futures St ETFCTA0.4%
• MACOM Technology Solutions HoldingsMTSI0.4%
• Electronic ArtsEA0.4%
• Art Technology AcquisitionARTC0.4%
• Lake Superior AcquisitionLKSP0.4%
• Inflection Point Acquisition Corp. III0.4%
• Saba Capital Income & OprntBRW0.3%
• Keystone AcquisitionKEYY0.3%
• DigitalBridge GroupDBRG0.3%
• Liberty Live HoldingsLLYVA0.3%
• Digital Asset AcquisitionDAAQ0.3%
• American Centy ETF TrAVES0.3%
• Oracle(preferred)0.3%
• Meshflow AcquisitionMESH0.3%
• International Money ExpressIMXI0.3%
• Mexico Equity & Income FundMXE0.3%
• Cantor Equity Partners VIICAES0.3%
• iShares Msci International V ETFIVLU0.3%
• Inflection Point Acquisition Corp. VIIPFX0.3%
• Dimensional ETF Trust0.3%
• iShares Msci Japan Value ETFEWJV0.3%
• Matador ResourcesMTDR0.3%
• Collective Acquisition Corp. IICAII0.3%
• Snow Rothschild AcquisitionISNRU(unit)0.3%
• Wilco 63WLCOU(unit)0.2%
• Invesco DB Commdy Indx TrckDBC0.2%
• Interprivate Investment Partners VIPVVU(unit)0.2%
• D. Boral Acquisition IDBCA0.2%
• Cipher DigitalCIFR0.2%
• Berto AcquisitionTACO0.2%
• Launch Two AcquisitionLPBB0.2%
• iShares Msci Eafe ETFEFA0.2%
• Fifth ERA Acquisition Corp IFERA0.2%
• ConocoPhillipsCOP0.2%
• ChampionsGate AcquisitionCHPG0.2%
• Patriot AcquisitionPTACU(unit)0.2%
• X3 AcquisitionXCBE0.2%
• Tribeca Strategic AcquisitionBIDWU(unit)0.2%
• Republic Digital AcquisitionRDAG0.2%
• Roman DBDR Acquisition Corp. IIDRDB0.2%
• BTC DevelopmentBDCI0.2%
• Kraneshares MT LC MN FT ID S ETFKMLM0.2%
• Rivernorth Cap and Incm Fund IXRSFX0.2%
• Pioneer Acquisition IPACH0.2%
• Hewlett Packard EnterpriseHPE0.2%
• Central SecsCET0.2%
• Dell TechnologiesDELL0.2%
• Expand EnergyEXE0.2%
• Brighthouse FinancialBHF0.2%
• Praetorian AcquisitionPTOR0.2%
• Yorkville International CapitalYICCU(unit)0.2%
• Metals Acquisition Corp. IIMTAL0.1%
• Spring Valley Acquisition Corp. IVSVIV0.1%
• Devon EnergyDVN0.1%
• State Str Spdr S&P Midcap 40MDY0.1%
• SilviaSVIA0.1%
• ShutterstockSSTK0.1%
• ChevronCVX0.1%
• General Amern InvsGAM0.1%