Hollencrest Capital Management portfolio

What changed this quarter

615 positions with a change (98 new, 149 added to, 266 trimmed, 102 sold); also, 12 entered through an IPO, 8 exited through an acquisition or merger, 4 entered through a spin-off. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Vanguard S&P 500 ETF−83%fewer sharesReduced
  14.2% → 4.8%
• Apple−92%fewer sharesReduced
  9.8% → 1.6%
• Invesco Nasdaq 100 ETF−83%fewer sharesReduced
  3.9% → 1.5%
• Alphabet−90%fewer sharesReduced
  3.4% → 0.8%
• First Tr Exchng Traded Fund VI+2.6 ppof portfolioNew
  — → 4.5%
• Berkshire Hathaway−2.5 ppof portfolioSold out
  2.5% → —
• Costco Wholesale−94%fewer sharesReduced
  2.6% → 0.3%
• Microsoft−90%fewer sharesReduced
  2.0% → 0.4%
• Vanguard Info Tech ETF−93%fewer sharesReduced
  1.5% → 0.3%
• Innovator US Eq 10 Buffer ETF−97%fewer sharesReduced
  1.5% → 0.1%
• Innovator Etfs Trust−97%fewer sharesReduced
  1.5% → 0.1%
• UnitedHealth Group−99%fewer sharesReduced
  1.4% → under 0.1%

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 TSPY12.3%
• Invesco QQQ Trust Series 1 ETFQQQ6.9%
• First Tr Exchng Traded Fund VIDHDG4.9%
• Vanguard S&P 500 ETFVOO4.8%
• First Tr Exchng Traded Fund VIQCAP4.5%
• State Street Technology Select Sector ETFXLK4.3%
• Sprott Asset ManagementPSLV · CEF · PHYS2.8%
• First Tr Exchng Traded Fund VIGDEC2.8%
• United Parcel ServiceUPS2.6%
• First Tr Exchng Traded Fund VIRSDE2.5%
• Abrdn Platinum ETF TrustPPLT2.1%
• WisdomTree Floating Rate TRE ETFUSFR1.7%
• TeslaTSLA1.7%
• SPDR Gold Shares ETFGLD1.6%
• AppleAAPL1.6%
• Invesco Nasdaq 100 ETFQQQM1.5%
• Philip Morris InternationalPM1.2%
• SalesforceCRM1.2%
• AlphabetGOOGL · GOOG1.2%
• iShares Expanded Tech-softwa ETFIGV1.1%
• NVIDIANVDA0.9%
• Berkshire HathawayBRK/B0.9%
• OneokOKE0.9%
• Fidelity National FinancialFNF0.8%
• Vaneck ETF TrustGDXJ0.8%
• Vanguard Mrngstar GR ETF-sui ETFVUG0.7%
• Pimco Dynamic Income StrategPDX0.7%
• STE Str SPDR PT S&P 500 ETFSPYM0.7%
• Vanguard Dividend Apprec ETFVIG0.6%
• Amazon.comAMZN0.6%
• Vanguard International Equity Index FVGK0.6%
• Agnico Eagle MinesAEM0.6%
• iShares Core S&P Total U.s ETFITOT0.5%
• Fidelity Nasdaq Comp Indx ETFONEQ0.5%
• AlcoaAA0.4%
• BroadcomAVGO0.4%
• Altria GroupMO0.4%
• Advanced Micro DevicesAMD0.4%
• Palo Alto NetworksPANW0.4%
• MicrosoftMSFT0.4%
• AngloGold AshantiAU0.4%
• State Street SPDR BB 1-3m T-bill ETFBIL0.4%
• NewmontNEM0.4%
• Pan American SilverPAAS0.4%
• CaterpillarCAT0.3%
• CorningGLW0.3%
• Vaneck ETF TrustGDX0.3%
• Coeur MiningCDE0.3%
• AtomeraATOM0.3%
• Bank of AmericaBAC0.3%
• Vanguard Energy ETFVDE0.3%
• JPMorgan ChaseJPM0.3%
• CamecoCCJ0.3%
• IsharesIEMG0.3%
• Simplify Exchange Traded FUNTUA0.3%
• Pimco Commodity Active Strat ETFCMDT0.3%
• Vanguard Info Tech ETFVGT0.3%
• Costco WholesaleCOST0.3%
• Americas Gold and SilverUSAS0.3%
• Micron TechnologyMU0.3%
• SandiskSNDK0.3%
• Hecla MiningHL0.3%
• Schwab US Large-cap ETFSCHX0.2%
• Palantir TechnologiesPLTR0.2%
• GE AerospaceGE0.2%
• Pimco MBS Active ETFPMBS0.2%
• Invesco CurrencysharesFXY0.2%
• Barrick MiningB0.2%
• NucorNUE0.2%
• iShares Core Msci Eafe ETFIEFA0.2%
• iShares Core S&P U.s. Growth ETFIUSG0.2%
• BlackRock Munihldngs CaliMUC0.2%
• Freeport-McMoRanFCX0.2%
• iShares Russell 2000 ETFIWM0.2%
• IsharesEWG0.2%
• State Street Energy Select Sector ETFXLE0.2%
• iShares Core U.s. Aggregate ETFAGG0.2%
• Fidelity National Information ServicesFIS0.2%
• VisaV0.2%
• Exxon MobilXOM0.2%
• Howmet AerospaceHWM0.2%
• AGNC InvestmentAGNC0.2%
• Vanguard Industrials ETFVIS0.2%
• Direxion Shares ETF TrustTMF0.2%
• Apollo Global ManagementAPO0.1%
• Pimco Active Bond Exchange-t ETFBOND0.1%
• WalmartWMT0.1%
• Sprott Uranium Miners ETFURNM0.1%
• Vanguard Total International Stock ETFVXUS0.1%
• Meta PlatformsMETA0.1%
• Vanguard Extended Market ETFVXF0.1%
• iShares 1-5y INV Grade ETFIGSB0.1%
• Lumentum HoldingsLITE0.1%
• GE VernovaGEV0.1%
• St SR UTL SL SE SPDR ETF-usd ETFXLU0.1%
• WisdomTree U.s. Quality Divi ETFDGRW0.1%
• State Street SPDR S&P Dividend ETFSDY0.1%