VAN Lanschot Kempen Investment Management portfolio

What changed this quarter

232 positions with a change (18 new, 108 added to, 89 trimmed, 17 sold); also, 1 entered through an IPO, 1 exited through an acquisition or merger. 4 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Arthur J. Gallagher+0.7 ppof portfolioNew
  — → 0.7%
• Visa+43%more sharesIncreased
  1.6% → 2.2%
• Taiwan Semiconductor Manufacturing+18%more sharesIncreased
  2.8% → 4.1%
• Zoetis−95%fewer sharesReduced
  1.1% → under 0.1%

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

• NXP SemiconductorsNXPI6.3%
• AlphabetGOOGL5.4%
• MicrosoftMSFT5.1%
• Booking HoldingsBKNG4.6%
• Taiwan Semiconductor ManufacturingTSM4.1%
• Amazon.comAMZN3.5%
• Markel GroupMKL3.4%
• Brown & BrownBRO3.3%
• Meta PlatformsMETA3.3%
• LittelfuseLFUS3.3%
• KKRKKR3.1%
• Spotify TechnologySPOT2.9%
• CorpayCPAY2.4%
• Berkshire HathawayBRK/B · BRK/A2.3%
• VisaV2.2%
• LennarLEN1.9%
• ChubbCB1.7%
• Thermo Fisher ScientificTMO1.7%
• NVIDIANVDA1.6%
• PTCPTC1.3%
• AppleAAPL1.3%
• IconICLR1.3%
• Analog DevicesADI1.0%
• NVRNVR0.9%
• BroadcomAVGO0.8%
• Arthur J. GallagherAJG0.7%
• Bank of AmericaBAC0.6%
• Procter & GamblePG0.5%
• JPMorgan ChaseJPM0.5%
• Micron TechnologyMU0.5%
• Gilead SciencesGILD0.5%
• Invitation HomesINVH0.5%
• Eli LillyLLY0.4%
• JabilJBL0.4%
• WESCO InternationalWCC0.4%
• PrologisPLD0.4%
• CaterpillarCAT0.4%
• Lam ResearchLRCX0.4%
• Wintrust FinancialWTFC0.4%
• Verizon CommunicationsVZ0.4%
• Quest DiagnosticsDGX0.4%
• MedtronicMDT0.4%
• BrunswickBC0.4%
• CitigroupC0.4%
• Applied MaterialsAMAT0.4%
• CNH IndustrialCNH0.4%
• PepsicoPEP0.4%
• Expand EnergyEXE0.3%
• Royal Bank of CanadaRY0.3%
• Public Service Enterprise GroupPEG0.3%
• MerckMRK0.3%
• Fidelity National Information ServicesFIS0.3%
• BlackRockBLK0.3%
• Nexstar Media GroupNXST0.3%
• Vishay IntertechnologyVSH0.3%
• Omnicom GroupOMC0.3%
• Texas InstrumentsTXN0.3%
• YETI HoldingsYETI0.3%
• Encompass HealthEHC0.3%
• GE VernovaGEV0.3%
• Lyondellbasell IndustriesLYB0.3%
• NobleNE0.3%
• Coca-ColaKO0.3%
• Align TechnologyALGN0.3%
• Pinnacle Financial PartnersPNFP0.2%
• ATSATS0.2%
• Marsh & Mclennan CompaniesMRSH0.2%
• Advanced Drainage SystemsWMS0.2%
• Williams CompaniesWMB0.2%
• American Homes 4 RentAMH0.2%
• CrocsCROX0.2%
• CECO EnvironmentalCECO0.2%
• STAG IndustrialSTAG0.2%
• Advanced Micro DevicesAMD0.2%
• LindeLIN0.2%
• Simon Property GroupSPG0.2%
• DeereDE0.2%
• AccentureACN0.2%
• AutolivALV0.2%
• Mohawk IndustriesMHK0.2%
• Cadence Design SystemsCDNS0.2%
• TeslaTSLA0.2%
• Sotera HealthSHC0.2%
• MSC Industrial DirectMSM0.2%
• Lumentum HoldingsLITE0.2%
• CACI InternationalCACI0.2%
• GE AerospaceGE0.2%
• EquinixEQIX0.2%
• Stifel FinancialSF0.2%
• EntergyETR0.2%
• AARAIR0.2%
• Goldman Sachs GroupGS0.2%
• Henry ScheinHSIC0.2%
• EcolabECL0.2%
• S&P GlobalSPGI0.2%
• PPLPPL0.2%
• NikeNKE0.2%
• OracleORCL0.2%
• TennantTNC0.2%