LOS Angeles Capital Management portfolio

What changed this quarter

1822 positions with a change (159 new, 685 added to, 786 trimmed, 192 sold); also, 2 entered through an IPO, 23 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).

• Apple−24%fewer sharesReduced
  7.2% → 5.9%
• Booking Holdings−69%fewer sharesReduced
  1.3% → 0.4%
• Bristol-myers Squibb−91%fewer sharesReduced
  1.0% → 0.1%
• Exxon Mobil−0.8 ppof portfolioSold out
  0.9% → —
• NVIDIA−8.2%fewer sharesReduced
  9.2% → 9.0%
• Trane Technologies−76%fewer sharesReduced
  0.9% → 0.2%
• At&t−86%fewer sharesReduced
  1.2% → 0.1%
• Alnylam Pharmaceuticals+727%more sharesIncreased
  0.1% → 0.8%
• Microsoft−15%fewer sharesReduced
  4.9% → 3.9%
• Lam Research−38%fewer sharesReduced
  0.9% → 1.1%
• Incyte−73%fewer sharesReduced
  0.8% → 0.2%
• Allstate−95%fewer sharesReduced
  0.7% → 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

• NVIDIANVDA9.0%
• AppleAAPL5.9%
• AlphabetGOOG · GOOGL5.4%
• MicrosoftMSFT3.9%
• BroadcomAVGO3.6%
• Amazon.comAMZN2.1%
• Eli LillyLLY1.6%
• Meta PlatformsMETA1.4%
• Howmet AerospaceHWM1.3%
• Micron TechnologyMU1.2%
• GE VernovaGEV1.1%
• Lam ResearchLRCX1.1%
• Advanced Micro DevicesAMD1.1%
• AmphenolAPH1.0%
• CitigroupC0.9%
• Bank of AmericaBAC0.8%
• Alnylam PharmaceuticalsALNY0.8%
• Phillips 66PSX0.8%
• Expedia GroupEXPE0.8%
• TeslaTSLA0.7%
• AbbVieABBV0.7%
• Applied MaterialsAMAT0.7%
• Arista NetworksANET0.7%
• PopularBPOP0.7%
• American International GroupAIG0.6%
• Texas InstrumentsTXN0.6%
• Universal Health ServicesUHS0.6%
• C.h. Robinson WorldwideCHRW0.6%
• Halozyme TherapeuticsHALO0.6%
• KLAKLAC0.6%
• Cisco SystemsCSCO0.5%
• Ally FinancialALLY0.5%
• Palantir TechnologiesPLTR0.5%
• Ross StoresROST0.5%
• VICI PropertiesVICI0.5%
• Archer-Daniels-MidlandADM0.5%
• Cboe Global MarketsCBOE0.4%
• Keysight TechnologiesKEYS0.4%
• United Parcel ServiceUPS0.4%
• NewmontNEM0.4%
• VentasVTR0.4%
• JabilJBL0.4%
• Valero EnergyVLO0.4%
• MongodbMDB0.4%
• Gen DigitalGEN0.4%
• Dollar TreeDLTR0.4%
• Booking HoldingsBKNG0.4%
• Ralph LaurenRL0.4%
• TE ConnectivityTEL0.4%
• Marathon PetroleumMPC0.4%
• Healthcare Realty TrustHR0.4%
• Hartford Insurance GroupHIG0.4%
• Hamilton LaneHLNE0.4%
• Citizens Financial GroupCFG0.4%
• General DynamicsGD0.4%
• Synchrony FinancialSYF0.3%
• NasdaqNDAQ0.3%
• HalliburtonHAL0.3%
• MorningstarMORN0.3%
• SnowflakeSNOW0.3%
• KeyCorpKEY0.3%
• Eversource EnergyES0.3%
• MSCIMSCI0.3%
• Dycom IndustriesDY0.3%
• IntelINTC0.3%
• NetAppNTAP0.3%
• HF SinclairDINO0.3%
• TechnipFMCFTI0.3%
• Edison InternationalEIX0.3%
• CognexCGNX0.3%
• Comfort Systems USAFIX0.3%
• Dollar GeneralDG0.3%
• CarnivalCCL0.3%
• Motorola SolutionsMSI0.3%
• VisaV0.3%
• Qnity ElectronicsQ0.3%
• FedExFDX0.3%
• TwilioTWLO0.3%
• Expeditors International of WashingtonEXPD0.3%
• Advanced Energy IndustriesAEIS0.3%
• Caris Life SciencesCAI0.3%
• Estée LauderEL0.3%
• J.b. Hunt Transport ServicesJBHT0.3%
• Union PacificUNP0.3%
• Pg&ePCG0.3%
• EMCOR GroupEME0.3%
• CVS HealthCVS0.3%
• West Pharmaceutical ServicesWST0.2%
• Trane TechnologiesTT0.2%
• AvnetAVT0.2%
• IncyteINCY0.2%
• Royal Caribbean CruisesRCL0.2%
• H&r BlockHRB0.2%
• Vertex PharmaceuticalsVRTX0.2%
• SanminaSANM0.2%
• Agilent TechnologiesA0.2%
• SandiskSNDK0.2%
• ExelixisEXEL0.2%
• LyftLYFT0.2%