Advisors Asset Management portfolio

What changed this quarter

1375 positions with a change (50 new, 671 added to, 564 trimmed, 90 sold); also, 1 entered through an IPO, 7 exited through an acquisition or merger, 3 entered through a spin-off.

No moves of 0.5 points of the portfolio or more.

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

• AlphabetGOOGL2.8%
• Amazon.comAMZN2.6%
• AppleAAPL2.2%
• MicrosoftMSFT1.6%
• Meta PlatformsMETA1.3%
• WalmartWMT1.2%
• Micron TechnologyMU1.0%
• VisaV1.0%
• MastercardMA0.9%
• CorningGLW0.8%
• International Business MachinesIBM0.7%
• Verizon CommunicationsVZ0.7%
• BroadcomAVGO0.7%
• Texas InstrumentsTXN0.7%
• MerckMRK0.7%
• Cisco SystemsCSCO0.6%
• Palo Alto NetworksPANW0.6%
• Dell TechnologiesDELL0.6%
• United Parcel ServiceUPS0.6%
• ShopifySHOP0.6%
• Costco WholesaleCOST0.6%
• AmgenAMGN0.5%
• Johnson & JohnsonJNJ0.5%
• Home DepotHD0.5%
• American ExpressAXP0.5%
• Lam ResearchLRCX0.5%
• ChevronCVX0.5%
• NVIDIANVDA0.5%
• Coca-ColaKO0.5%
• GE VernovaGEV0.5%
• Goldman Sachs GroupGS0.4%
• AmphenolAPH0.4%
• Parker-hannifinPH0.4%
• Eli LillyLLY0.4%
• CumminsCMI0.4%
• Kayne Anderson Energy InfrstKYN0.4%
• Procter & GamblePG0.4%
• UnitedHealth GroupUNH0.4%
• JPMorgan ChaseJPM0.4%
• BlackRock Munihldngs CaliMUC0.4%
• At&tT0.4%
• T-mobile USTMUS0.4%
• Nextera EnergyNEE0.4%
• CelesticaCLS0.4%
• Nuveen S&P 500 Dynamic OverwXSSPX0.4%
• ComcastCMCSA0.3%
• Nuveen CA Divi ADV MUNNAC0.3%
• AbbVieABBV0.3%
• ATIATI0.3%
• Sterling InfrastructureSTRL0.3%
• MasTecMTZ0.3%
• FedExFDX0.3%
• KLAKLAC0.3%
• PfizerPFE0.3%
• Lockheed MartinLMT0.3%
• Virtus Convertible & Inc FundNCZ0.3%
• Gabelli Divid & Income TrXGDVX0.3%
• Applied MaterialsAMAT0.3%
• GE AerospaceGE0.3%
• EMCOR GroupEME0.3%
• Rockwell AutomationROK0.3%
• Advanced Micro DevicesAMD0.3%
• Taiwan Semiconductor ManufacturingTSM0.3%
• Morgan StanleyMS0.3%
• Virtus Equity & Conv Incm FundXNIEX0.3%
• UBER TechnologiesUBER0.3%
• CaterpillarCAT0.3%
• Bristol-myers SquibbBMY0.3%
• Motorola SolutionsMSI0.3%
• DoorDashDASH0.3%
• Arista NetworksANET0.3%
• Tortoise Energy Infrstrctr CTYG0.3%
• Howmet AerospaceHWM0.3%
• Valmont IndustriesVMI0.2%
• Allspring Global Dividend OPEOD0.2%
• Dycom IndustriesDY0.2%
• Gilead SciencesGILD0.2%
• American TowerAMT0.2%
• Bloom EnergyBE0.2%
• BlackRock Enhanced GlobalXBOEX0.2%
• Carpenter TechnologyCRS0.2%
• Valero EnergyVLO0.2%
• MYR GroupMYRG0.2%
• Nuveen Calif AMT Free Muni IXNCMX0.2%
• Granite ConstructionGVA0.2%
• Duff & Phelps Utlity and INFDPG0.2%
• QualcommQCOM0.2%
• Illinois Tool WorksITW0.2%
• Invesco Calif Value MUN IncoVCV0.2%
• Altria GroupMO0.2%
• Lumentum HoldingsLITE0.2%
• TJXTJX0.2%
• Pimco Calif MUN Income FundXPCQX0.2%
• United RentalsURI0.2%
• BlackRock Muniholdings Fund InMHD0.2%
• OneokOKE0.2%
• Abrdn Healthcare InvestorsHQH0.2%
• Crown CastleCCI0.2%
• Calamos Strategic Total RetuCSQ0.2%
• ViatrisVTRS0.2%