Knightsbridge Asset Management portfolio

What changed this quarter

344 positions with a change (95 new, 198 added to, 33 trimmed, 18 sold). 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• WisdomTree Floating Rate TRE ETF+244%more sharesIncreased
  8.4% → 14.6%
• iShares 0-3 Month Treasury B ETF−7.6 ppof portfolioSold out
  15.1% → —
• Simplify MBS ETF+99%more sharesIncreased
  5.5% → 5.5%
• STE Str SPDR PT DW EU ETF+101%more sharesIncreased
  4.7% → 5.0%
• STE Str SPDR PT S&P 500 ETF+94%more sharesIncreased
  3.8% → 4.1%
• Silicon Motion Technology+91%more sharesIncreased
  1.7% → 3.2%
• Apple+99%more sharesIncreased
  2.7% → 3.1%
• Sandisk+204%more sharesIncreased
  1.1% → 2.3%
• Spdr Index SHS Funds+100%more sharesIncreased
  2.8% → 2.9%
• Western Digital+603%more sharesIncreased
  0.5% → 1.5%
• J P Morgan Exchange Traded Fund+94%more sharesIncreased
  2.0% → 2.2%
• Centene+93%more sharesIncreased
  1.3% → 2.0%

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

• WisdomTree Floating Rate TRE ETFUSFR14.6%
• Simplify MBS ETFMTBA5.5%
• STE Str SPDR PT DW EU ETFSPDW5.0%
• STE Str SPDR PT S&P 500 ETFSPYM4.1%
• Silicon Motion TechnologySIMO3.2%
• AppleAAPL3.1%
• Spdr Index SHS FundsSPEM2.9%
• AlphabetGOOGL · GOOG2.8%
• SandiskSNDK2.3%
• J P Morgan Exchange Traded FundJQUA2.2%
• CenteneCNC2.0%
• Kraneshares California Carbo ETFKCCA1.8%
• MicrosoftMSFT1.8%
• Vanguard World FundMGK1.6%
• Amazon.comAMZN1.6%
• iShares Core Dividend Growth ETFDGRO1.6%
• Western DigitalWDC1.5%
• TFI InternationalTFII1.2%
• NVIDIANVDA1.1%
• HCA HealthcareHCA1.0%
• CorpayCPAY1.0%
• InsperityNSP0.9%
• Credo Technology Group HoldingCRDO0.9%
• Liberty EnergyLBRT0.9%
• Fair IsaacFICO0.8%
• Bank of AmericaBAC0.8%
• Costco WholesaleCOST0.8%
• iShares 5-10y INV Grade ETFIGIB0.7%
• iShares Core S&P U.s. Growth ETFIUSG0.7%
• Dimensional ETF TrustDFAC0.7%
• IQVIA HoldingsIQV0.7%
• iShares Preferred & Income S ETFPFF0.7%
• Wells Fargo(preferred)0.7%
• First Citizens BancsharesFCNCA0.7%
• AmphenolAPH0.6%
• Array Digital InfrastructureAD0.6%
• State Street SPDR P S&P 600 Small Cap ETFSPSM0.6%
• Motorola SolutionsMSI0.6%
• ChemoursCC0.6%
• Ryman Hospitality PropertiesRHP0.6%
• NXP SemiconductorsNXPI0.5%
• Sprout SocialSPT0.5%
• Post HoldingsPOST0.5%
• ARES ManagementARES0.5%
• U-Haul HoldingUHAL/B0.5%
• NewmontNEM0.5%
• NavientNAVI0.5%
• SalesforceCRM0.5%
• GartnerIT0.5%
• iShares Core S&P 500 ETFIVV0.5%
• Magna InternationalMGA0.4%
• ZoetisZTS0.4%
• loanDepotLDI0.4%
• Darling IngredientsDAR0.4%
• TextronTXT0.4%
• Vanguard Index FundsVO0.4%
• Old Republic InternationalORI0.4%
• D.R. HortonDHI0.4%
• Vaneck ETF TrustGDX0.4%
• iShares Russell Mid-cap ETFIWR0.4%
• AmcorAMCR0.3%
• McKESSONMCK0.3%
• BroadcomAVGO0.3%
• Hallador EnergyHNRG0.3%
• Berkshire HathawayBRK/B0.3%
• Eli LillyLLY0.3%
• Meta PlatformsMETA0.2%
• WalmartWMT0.2%
• Science Applications InternationalSAIC0.2%
• Palantir TechnologiesPLTR0.2%
• Micron TechnologyMU0.2%
• VisaV0.2%
• American ExpressAXP0.2%
• AdobeADBE0.2%
• iShares Biotechnology ETFIBB0.2%
• Vanguard S&P 500 ETFVOO0.2%
• TeslaTSLA0.2%
• GarminGRMN0.2%
• JPMorgan ChaseJPM0.2%
• Vanguard Index FundsVTI0.2%
• SoFi TechnologiesSOFI0.2%
• Vaneck Merk Gold ETFOUNZ0.1%
• iShares Core Msci Eafe ETFIEFA0.1%
• Parker-hannifinPH0.1%
• TJXTJX0.1%
• American Centy ETF TrAVUS0.1%
• BlackRockBLK0.1%
• iShares Core Msci Europe ETFIEUR0.1%
• AbbVieABBV0.1%
• Comfort Systems USAFIX0.1%
• General DynamicsGD0.1%
• NICENICE0.1%
• Johnson & JohnsonJNJ0.1%
• ChubbCB0.1%
• AirbnbABNB0.1%
• Invesco Nasdaq Biotech ETFIBBQ0.1%
• Goldman Sachs GroupGS0.1%
• Ross StoresROST0.1%
• CraneCR0.1%