Wace, Llp Marshall portfolio

What changed this quarter

3155 positions with a change (599 new, 964 added to, 1019 trimmed, 573 sold); also, 27 entered through an IPO, 30 exited through an acquisition or merger, 12 entered through a spin-off. 6 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• iShares Core S&P 500 ETF+52%more sharesIncreased
  18.5% → 25.3%
• NVIDIA−37%fewer sharesReduced
  2.6% → 1.5%
• Costco Wholesale+345%more sharesIncreased
  0.3% → 0.9%
• AbbVie+281,758%more sharesIncreased
  under 0.1% → 0.6%
• JPMorgan Chase+11,481%more sharesIncreased
  under 0.1% → 0.5%
• Bank of America+582%more sharesIncreased
  0.1% → 0.6%

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 S&P 500 ETFIVV25.3%
• STE Str SPDR PT S&P 500 ETFSPYM3.5%
• AppleAAPL2.2%
• Amazon.comAMZN1.9%
• Advanced Micro DevicesAMD1.9%
• NVIDIANVDA1.5%
• Micron TechnologyMU1.3%
• MicrosoftMSFT1.1%
• Costco WholesaleCOST0.9%
• AlphabetGOOGL · GOOG0.9%
• Morgan StanleyMS0.8%
• TeslaTSLA0.8%
• Taiwan Semiconductor ManufacturingTSM0.7%
• Hilton Worldwide HoldingsHLT0.7%
• UnitedHealth GroupUNH0.6%
• Johnson & JohnsonJNJ0.6%
• AbbVieABBV0.6%
• Bank of AmericaBAC0.6%
• Coca-ColaKO0.6%
• JPMorgan ChaseJPM0.5%
• Abbott LaboratoriesABT0.4%
• Meta PlatformsMETA0.4%
• CME GroupCME0.4%
• Bloom EnergyBE0.4%
• American ExpressAXP0.4%
• International Business MachinesIBM0.4%
• Texas InstrumentsTXN0.4%
• SandiskSNDK0.4%
• Ferguson EnterprisesFERG0.4%
• QualcommQCOM0.4%
• BroadcomAVGO0.4%
• NokiaNOK0.4%
• Exxon MobilXOM0.4%
• Monster BeverageMNST0.4%
• ChevronCVX0.4%
• Cisco SystemsCSCO0.4%
• Applied MaterialsAMAT0.4%
• Eli LillyLLY0.3%
• Automatic Data ProcessingADP0.3%
• UBER TechnologiesUBER0.3%
• CorningGLW0.3%
• GlobalfoundriesGFS0.3%
• United Parcel ServiceUPS0.3%
• Altria GroupMO0.3%
• Parker-hannifinPH0.3%
• T-mobile USTMUS0.3%
• IntelINTC0.3%
• Robinhood MarketsHOOD0.3%
• Casey’s General StoresCASY0.3%
• SalesforceCRM0.3%
• Vertiv HoldingsVRT0.3%
• Palantir TechnologiesPLTR0.3%
• TapestryTPR0.3%
• WalmartWMT0.3%
• CitigroupC0.3%
• Nextera EnergyNEE0.3%
• Analog DevicesADI0.3%
• Lumentum HoldingsLITE0.2%
• Five BelowFIVE0.2%
• LPL Financial HoldingsLPLA0.2%
• Vertex PharmaceuticalsVRTX0.2%
• SeaSE0.2%
• LindeLIN0.2%
• CloudflareNET0.2%
• ASML HoldingASML0.2%
• Western DigitalWDC0.2%
• NetflixNFLX0.2%
• RedditRDDT0.2%
• PrologisPLD0.2%
• SnowflakeSNOW0.2%
• RTXRTX0.2%
• Norfolk SouthernNSC0.2%
• Freeport-McMoRanFCX0.2%
• American TowerAMT0.2%
• WatersWAT0.2%
• HumanaHUM0.2%
• SoFi TechnologiesSOFI0.2%
• DoorDashDASH0.2%
• Tower SemiconductorTSEM0.2%
• Marriott InternationalMAR0.2%
• British American Tobacco p.l.c.BTI0.2%
• CopartCPRT0.2%
• 3mMMM0.2%
• Lowe'sLOW0.2%
• Republic ServicesRSG0.2%
• Berkshire HathawayBRK/B0.2%
• Amer SportsAS0.2%
• Capital One FinancialCOF0.2%
• ShopifySHOP0.2%
• PepsicoPEP0.2%
• FOXFOXA0.2%
• BrightSpring Health ServicesBTSG0.2%
• Phillips 66PSX0.2%
• Ingersoll RandIR0.2%
• Circle Internet GroupCRCL0.2%
• Air Products and ChemicalsAPD0.2%
• Marvell TechnologyMRVL0.2%
• AirbnbABNB0.2%
• Marsh & Mclennan CompaniesMRSH0.1%