Davidson Investment Advisors portfolio

What changed this quarter

95 positions with a change (4 new, 26 added to, 60 trimmed, 5 sold). 8 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• RTX−93%fewer sharesReduced
  1.3% → 0.1%
• StandardAero+121%more sharesIncreased
  0.9% → 1.4%
• Danaher+0.8 ppof portfolioNew
  — → 0.8%
• Honeywell Aerospace+205%more sharesIncreased
  0.5% → 1.1%
• First Interstate Bancsystem−97%fewer sharesReduced
  0.8% → under 0.1%
• Exelon−98%fewer sharesReduced
  0.7% → under 0.1%
• Capital One Financial+0.6 ppof portfolioNew
  — → 0.6%
• Medtronic−41%fewer sharesReduced
  1.1% → 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

• iShares Core International Stock ETFIXUS8.3%
• MicrosoftMSFT4.9%
• AlphabetGOOG · GOOGL4.7%
• AppleAAPL4.7%
• Amazon.comAMZN4.6%
• Taiwan Semiconductor ManufacturingTSM3.8%
• NVIDIANVDA3.7%
• Meta PlatformsMETA2.8%
• EatonETN2.0%
• Hyatt HotelsH1.9%
• BroadcomAVGO1.8%
• SempraSRE1.8%
• Labcorp HoldingsLH1.7%
• Vanguard US Momentum Factor ETFVFMO1.7%
• Arista NetworksANET1.6%
• CitigroupC1.5%
• VisaV1.5%
• StandardAeroSARO1.4%
• Analog DevicesADI1.4%
• Cisco SystemsCSCO1.3%
• Palo Alto NetworksPANW1.3%
• AGNC InvestmentAGNC1.3%
• IsharesEUSA1.2%
• Thermo Fisher ScientificTMO1.1%
• Cigna GroupCI1.1%
• ChevronCVX1.1%
• Honeywell AerospaceHONA1.1%
• Vertex PharmaceuticalsVRTX1.0%
• DynatraceDT1.0%
• ProgressivePGR1.0%
• Goldman Sachs GroupGS0.9%
• WalmartWMT0.9%
• QualcommQCOM0.9%
• Camden Property TrustCPT0.9%
• Bank of AmericaBAC0.9%
• Vanguard Tax-exempt Bond ETFVTEB0.8%
• EOG ResourcesEOG0.8%
• Charles SchwabSCHW0.8%
• TrimbleTRMB0.8%
• BoeingBA0.8%
• SalesforceCRM0.8%
• DanaherDHR0.8%
• Intercontinental ExchangeICE0.8%
• MedtronicMDT0.7%
• Terreno RealtyTRNO0.7%
• CortevaCTVA0.7%
• CVS HealthCVS0.7%
• Gildan ActivewearGIL0.7%
• Otis WorldwideOTIS0.7%
• AstrazenecaAZN0.7%
• Philip Morris InternationalPM0.7%
• NetflixNFLX0.7%
• Bristol-myers SquibbBMY0.7%
• Vaneck ETF TrustITM0.7%
• Home DepotHD0.7%
• FedEx Freight HoldingFDXF0.7%
• PfizerPFE0.7%
• Canadian Pacific Kansas CityCP0.7%
• iShares Msci USA Momentum FA ETFMTUM0.6%
• Elanco Animal HealthELAN0.6%
• T-mobile USTMUS0.6%
• LindeLIN0.6%
• Capital One FinancialCOF0.6%
• EQTEQT0.5%
• ZoetisZTS0.5%
• ComcastCMCSA0.5%
• Glacier BancorpGBCI0.5%
• Burlington StoresBURL0.5%
• iShares Core Dividend Growth ETFDGRO0.5%
• Constellation BrandsSTZ0.5%
• IntuitINTU0.4%
• J P Morgan Exchange Traded FundJMST0.4%
• Fuller H BFUL0.4%
• iShares Core S&P Total U.s ETFITOT0.3%
• WaFdWAFD0.3%
• Expand EnergyEXE0.3%
• BellRing BrandsBRBR0.2%
• iShares National Muni Bond E ETFMUB0.2%
• Vanguard Most Sm-cap ETF-usd ETFVB0.2%
• RTXRTX0.1%
• State Street SPDR N ICE St Muni ETFSHM0.1%
• Johnson & JohnsonJNJ0.1%
• Vanguard Index FundsVTI0.1%
• iShares California Muni Bond ETFCMF0.1%
• JPMorgan ChaseJPM0.1%
• Vanguard Russell 3000 ETFVTHR0.1%
• Costco WholesaleCOSTunder 0.1%
• CaterpillarCATunder 0.1%
• AbbVieABBVunder 0.1%
• iShares Core S&P Midcap ETFIJHunder 0.1%
• Morgan StanleyMSunder 0.1%
• Vanguard S&P 500 ETFVOOunder 0.1%
• SouthernSOunder 0.1%
• iShares Core Msci DEV Mkts ETFIDEVunder 0.1%
• Ishares TrIUSBunder 0.1%
• First Interstate BancsystemFIBKunder 0.1%
• Vanguard Mrngstar GR ETF-sui ETFVUGunder 0.1%
• Lowe'sLOWunder 0.1%
• iShares Russell 3000 ETFIWVunder 0.1%