Altshuler Shaham portfolio

What changed this quarter

439 positions with a change (109 new, 180 added to, 92 trimmed, 58 sold); also, 3 entered through an IPO, 1 exited through an acquisition or merger. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• NVIDIA+207%more sharesIncreased
  2.1% → 4.9%
• Apple+132%more sharesIncreased
  2.8% → 5.0%
• Alphabet+2.8 ppof portfolioIncreased
  3.8% → 6.0%
• Bank of America+1.9 ppof portfolioNew
  — → 1.9%
• Wells Fargo+1.7 ppof portfolioNew
  — → 1.7%
• Broadcom−98%fewer sharesReduced
  2.5% → under 0.1%
• Palo Alto Networks−99%fewer sharesReduced
  2.2% → under 0.1%
• JPMorgan Chase+1.5 ppof portfolioNew
  — → 1.5%
• Arista Networks+724,945%more sharesIncreased
  under 0.1% → 1.4%
• Amazon.com+38%more sharesIncreased
  4.5% → 4.9%
• American Tower+1.3 ppof portfolioNew
  — → 1.3%
• Cisco Systems+69%more sharesIncreased
  1.7% → 2.9%

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

• Taiwan Semiconductor ManufacturingTSM8.7%
• AlphabetGOOGL · GOOG6.0%
• TEVA Pharmaceutical IndustriesTEVA5.2%
• AppleAAPL5.0%
• NVIDIANVDA4.9%
• Amazon.comAMZN4.9%
• Elbit SystemsESLT4.6%
• Enlight Renewable EnergyENLT4.4%
• Cisco SystemsCSCO2.9%
• ARM HoldingsARM2.6%
• OracleORCL2.2%
• Expand EnergyEXE2.1%
• UBER TechnologiesUBER2.0%
• Analog DevicesADI2.0%
• Bank of AmericaBAC1.9%
• International Business MachinesIBM1.8%
• QualcommQCOM1.8%
• Wells FargoWFC1.7%
• RIO TintoRIO1.6%
• Nextera EnergyNEE1.6%
• CRH publicCRH1.5%
• ICL GroupICL1.5%
• JPMorgan ChaseJPM1.5%
• Arista NetworksANET1.4%
• American TowerAMT1.3%
• Intercontinental ExchangeICE1.2%
• MicrosoftMSFT1.2%
• LyftLYFT1.2%
• Alibaba Group HoldingBABA1.1%
• NetflixNFLX1.1%
• AppLovinAPP1.0%
• Robinhood MarketsHOOD1.0%
• Zoom CommunicationsZM0.9%
• NovaNVMI0.9%
• AlbemarleALB0.9%
• IntelINTC0.8%
• Honeywell InternationalHON0.8%
• Honeywell AerospaceHONA0.8%
• Motorola SolutionsMSI0.8%
• CienaCIEN0.7%
• TrimbleTRMB0.6%
• ShopifySHOP0.6%
• Archer-Daniels-MidlandADM0.6%
• Check Point Software TechnologiesCHKP0.6%
• Sociedad Quimica Y Minera DeSQM0.6%
• Ormat TechnologiesORA0.6%
• LGI HomesLGIH0.6%
• DiageoDEO0.5%
• Tower SemiconductorTSEM0.5%
• Ares CapitalARCC0.4%
• MercadoLibreMELI0.4%
• First SolarFSLR0.4%
• NutrienNTR0.3%
• Tradeweb MarketsTW0.3%
• Kenon HoldingsKEN0.2%
• Blackstone Secured Lending FundBXSL0.2%
• eToro GroupETOR0.2%
• GE VernovaGEV0.2%
• Morgan Stanley Direct Lending FundMSDL0.1%
• Pennantpark Floating Rate CapitalPFLT0.1%
• Oddity TechODD0.1%
• Quanta ServicesPWR0.1%
• EatonETN0.1%
• Sixth Street Specialty LendingTSLX0.1%
• Freeport-McMoRanFCX0.1%
• Comfort Systems USAFIX0.1%
• Talen EnergyTLN0.1%
• CaterpillarCAT0.1%
• NextpowerNXT0.1%
• MasTecMTZ0.1%
• NRG EnergyNRG0.1%
• American Electric PowerAEPunder 0.1%
• BroadcomAVGOunder 0.1%
• Vistra OperationsVSTunder 0.1%
• AirbnbABNBunder 0.1%
• NICENICEunder 0.1%
• Dominion EnergyDunder 0.1%
• WalmartWMTunder 0.1%
• Constellation EnergyCEGunder 0.1%
• CorningGLWunder 0.1%
• Costco WholesaleCOSTunder 0.1%
• Qnity ElectronicsQunder 0.1%
• SharkninjaSNunder 0.1%
• Palo Alto NetworksPANWunder 0.1%
• Astera LabsALABunder 0.1%
• Upstream BioUPBunder 0.1%
• Bloom EnergyBEunder 0.1%
• CamtekCAMTunder 0.1%
• Interactive Brokers GroupIBKRunder 0.1%
• NayaxNYAXunder 0.1%
• Kinder MorganKMIunder 0.1%
• SouthernSOunder 0.1%
• CamecoCCJunder 0.1%
• D-Wave QuantumQBTSunder 0.1%
• Forgent Power SolutionsFPSunder 0.1%
• EMCOR GroupEMEunder 0.1%
• Reynolds Consumer ProductsREYNunder 0.1%
• TeslaTSLAunder 0.1%
• Fluence EnergyFLNCunder 0.1%