Absolute Investment Advisers portfolio

What changed this quarter

81 positions with a change (16 new, 23 added to, 29 trimmed, 13 sold); also, 12 entered through an IPO. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Halozyme Therapeutics−63%fewer sharesReduced
  2.0% → 0.9%
• Encore Cap Group−1.6 ppof portfolioSold out
  1.7% → —
• Alibaba Group Holding+1.4 ppof portfolioNew
  — → 1.4%
• Penguin Solutions−1.3 ppof portfolioSold out
  1.4% → —
• Veeco Instrs−1.1 ppof portfolioSold out
  1.2% → —
• DoorDash+1.0 ppof portfolioNew
  — → 1.0%
• Firstenergy+1.0 ppof portfolioNew
  — → 1.0%
• Integer Holdings−50%fewer sharesReduced
  1.9% → 0.9%
• Willis Lease FIN+0.9 ppof portfolioNew
  — → 0.9%
• Cohen & Steers Quality Incom+0.8 ppof portfolioNew
  — → 0.8%
• Upwork−0.8 ppof portfolioSold out
  0.8% → —
• Tortoise Energy Infrstrctr C−61%fewer sharesReduced
  1.4% → 0.5%

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

• Granite Constr(bond)2.5%
• Semtech(bond)2.4%
• MKS(bond)2.1%
• Astronics(bond)2.0%
• Etsy(bond)1.7%
• Tetra Tech(bond)1.7%
• Nebius Group(bond)1.7%
• Akamai Technologies(bond)1.7%
• Merit Med SYS(bond)1.6%
• Fluor(bond)1.6%
• A10 Networks(bond)1.6%
• Applied Optoelectronics(bond)1.6%
• Jazz Investments I(bond)1.5%
• Northern Oil & Gas(bond)1.5%
• Cloudflare(bond)1.4%
• Alibaba Group Holding(bond)1.4%
• Cracker Barrel Old Ctry Stor(bond)1.4%
• Freshpet(bond)1.3%
• OSI Systems(bond)1.3%
• Alphatec Holdings(bond)1.3%
• Parsons(bond)1.3%
• LCI Industries(bond)1.3%
• Lemaitre Vascular(bond)1.3%
• ANI Pharmaceuticals(bond)1.3%
• Lantheus Holdings(bond)1.3%
• Century Alum(bond)1.2%
• Guidewire Software(bond)1.2%
• Commvault SYS(bond)1.2%
• Patrick Industries(bond)1.2%
• Pitney Bowes(bond)1.1%
• Progress Software(bond)1.1%
• Camtek(bond)1.1%
• Spectrum Brands(bond)1.0%
• Pacira Biosciences(bond)1.0%
• Life360(bond)1.0%
• Varonis SYS(bond)1.0%
• Vishay Intertechnology(bond)1.0%
• Cipher Digital(bond)1.0%
• Snowflake(bond)1.0%
• Rapid7(bond)1.0%
• Liberty All Star Equity FundUSA1.0%
• On Semiconductor(bond)1.0%
• Global Pmts(bond)1.0%
• Alarm.com Holdings(bond)1.0%
• DoorDash(bond)1.0%
• Firstenergy(bond)1.0%
• Halozyme Therapeutics(bond)0.9%
• Livanova(bond)0.9%
• Integer Holdings(bond)0.9%
• Centerpoint Energy(bond)0.9%
• Tempus AI(bond)0.9%
• Super Micro Computer(bond)0.9%
• Blackline(bond)0.9%
• Bentley SYS(bond)0.9%
• Itron(bond)0.9%
• Willis Lease FIN(bond)0.9%
• Cohen & Steers Quality IncomRQI0.8%
• Coinbase Global(bond)0.8%
• Pagerduty(bond)0.8%
• Datadog(bond)0.8%
• Box(bond)0.8%
• Nutanix(bond)0.7%
• Gabelli Equity TrGAB0.7%
• Winnebago Industries(bond)0.7%
• Conmed(bond)0.7%
• Euronet Worldwide(bond)0.7%
• Wayfair(bond)0.7%
• Joby Aviation(bond)0.7%
• Repligen(bond)0.7%
• Fluence Energy(bond)0.7%
• Post Holdings(bond)0.7%
• Mcewen(bond)0.7%
• Wisdomtree0.7%
• Zscaler(bond)0.6%
• Workiva(bond)0.6%
• Nuveen PFD & Income OpportunJPC0.6%
• T1 Energy(bond)0.6%
• AMC Global Media(bond)0.6%
• NCL(bond)0.6%
• WIX(bond)0.6%
• Voya Emerging Mkts High DiviIHD0.5%
• Voya Asia PAC High Div EQT IXIAEX0.5%
• Nuvation Bio(bond)0.5%
• Rivian Automotive(bond)0.5%
• Greenbrier(bond)0.5%
• Evolent Health(bond)0.5%
• Tortoise Energy Infrstrctr CTYG0.5%
• Redfin(bond)0.4%
• Enovis(bond)0.4%
• Neuberger High Yield St Fund INHS0.4%
• Virtus Dividend Interest & PNFJ0.4%
• XAI Floating Rate & Alter InXFLT0.4%
• DWS MUN Income TrKTF0.4%
• Alkami Technology(bond)0.4%
• UBS Asset Management High Yield CR0.4%
• XAI Madison Equity Premium IMCN0.4%
• Neuberger R/est Secs Inc FundXNROX0.3%
• BlackRock Corpor HI YLD Fund IHYT0.3%