Allen Investment Management portfolio

What changed this quarter

98 positions with a change (4 new, 46 added to, 42 trimmed, 6 sold). 2 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• iShares Core S&P Total U.s ETF+190%more sharesIncreased
  0.4% → 1.0%
• Moody's−20%fewer sharesReduced
  2.9% → 2.2%

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

• Amazon.comAMZN6.4%
• MicrosoftMSFT5.4%
• Meta PlatformsMETA5.4%
• AlphabetGOOG · GOOGL5.2%
• Charles SchwabSCHW3.6%
• VisaV3.6%
• UnitedHealth GroupUNH3.4%
• Taiwan Semiconductor ManufacturingTSM3.2%
• NVIDIANVDA3.1%
• GE VernovaGEV3.0%
• Alps ETF TrAMLP2.9%
• Invesco QQQ Trust Series 1 ETFQQQ2.8%
• SPDR Gold Shares ETFGLD2.5%
• State Street Energy Select Sector ETFXLE2.4%
• BroadcomAVGO2.3%
• Moody'sMCO2.2%
• Vanguard Index FundsVTI2.1%
• Vanguard S&P 500 ETFVOO2.1%
• BoeingBA1.8%
• State Str Spdr S&P 500 ETF TSPY1.7%
• CrowdStrike HoldingsCRWD1.6%
• Vanguard Total International Stock ETFVXUS1.5%
• Vanguard Ftse Developed ETFVEA1.4%
• ASML HoldingASML1.4%
• CloudflareNET1.3%
• Apollo Global ManagementAPO1.3%
• AppleAAPL1.1%
• Palo Alto NetworksPANW1.0%
• iShares Core S&P Total U.s ETFITOT1.0%
• Advanced Micro DevicesAMD0.9%
• Invesco Exchange Traded Fund TRSP0.9%
• ShopifySHOP0.9%
• WayfairW0.9%
• SnowflakeSNOW0.7%
• St SR UTL SL SE SPDR ETF-usd ETFXLU0.7%
• ServiceNowNOW0.7%
• Vanguard International Equity Index FVWO0.6%
• Micron TechnologyMU0.6%
• JPMorgan ChaseJPM0.6%
• MercadoLibreMELI0.6%
• Vanguard High DVD Yield ETFVYM0.6%
• Palantir TechnologiesPLTR0.5%
• iShares Core International Stock ETFIXUS0.5%
• Nu HoldingsNU0.5%
• Vanguard Total Bond Market ETFBND0.5%
• Vanguard Tax-exempt Bond ETFVTEB0.4%
• Ishares Bitcoin Trust ETFIBIT0.4%
• Ares CapitalARCC0.4%
• Berkshire HathawayBRK/B · BRK/A0.4%
• Vanguard Dividend Apprec ETFVIG0.4%
• Lam ResearchLRCX0.4%
• Johnson & JohnsonJNJ0.3%
• Vanguard S/t Corp Bond ETFVCSH0.3%
• iShares Russell 1000 ETFIWB0.3%
• KKRKKR0.3%
• Coca-ColaKO0.3%
• Golub Capital BDCGBDC0.3%
• IsharesEWJ0.3%
• iShares Msci Acwi ETFACWI0.3%
• BlackstoneBX0.3%
• Coinbase GlobalCOIN0.3%
• Lumentum HoldingsLITE0.3%
• Vanguard Int-term Corporate ETFVCIT0.3%
• Quanta ServicesPWR0.2%
• Sixth Street Specialty LendingTSLX0.2%
• DBX ETF TrHDEF0.2%
• WalmartWMT0.2%
• CienaCIEN0.2%
• Aurora InnovationAUR0.2%
• Vanguard Short-term Treasury ETFVGSH0.2%
• iShares Russell 3000 ETFIWV0.2%
• MastercardMA0.2%
• iShares Core Msci Eafe ETFIEFA0.2%
• IsharesIEMG0.2%
• Blackstone Secured Lending FundBXSL0.2%
• iShares Russell 1000 Growth ETFIWF0.2%
• Invesco Nasdaq 100 ETFQQQM0.1%
• WorkdayWDAY0.1%
• General DynamicsGD0.1%
• WisdomTree US Smallcap Divid ETFDES0.1%
• iShares Select Dividend ETFDVY0.1%
• Vanguard Financials ETFVFH0.1%
• Eli LillyLLY0.1%
• Procter & GamblePG0.1%
• Spinnaker ETF SeriesEUAD0.1%
• State Street SPDR P St C Corp ETFSPSB0.1%
• Blue OWL CapitalOBDC0.1%
• Affirm HoldingsAFRM0.1%
• CarGurusCARG0.1%
• iShares Russell 1000 Value E ETFIWD0.1%
• iShares Core S&P Small-cap E ETFIJR0.1%
• Home DepotHD0.1%
• SalesforceCRM0.1%
• Vanguard Mrngstar GR ETF-sui ETFVUG0.1%
• McDONALD’SMCD0.1%
• Vanguard International Equity Index FVEU0.1%
• Mondelez InternationalMDLZ0.1%
• Costco WholesaleCOST0.1%