Alps Advisors portfolio

What changed this quarter

1263 positions with a change (153 new, 524 added to, 420 trimmed, 166 sold); also, 1 entered through an IPO.

No moves of 0.5 points of the portfolio or more.

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

• MPLXMPLX7.9%
• SunocoSUN7.8%
• Energy TransferET7.7%
• Enterprise Products PartnersEPD7.6%
• Western Midstream PartnersWES7.6%
• Plains All American PipelinePAA7.5%
• Hess MidstreamHESM5.2%
• Cheniere Energy PartnersCQP2.6%
• USA Compression PartnersUSAC2.4%
• CamecoCCJ1.9%
• Genesis EnergyGEL1.6%
• WaterBridge InfrastructureWBI1.6%
• Delek Logistics PartnersDKL1.4%
• Global PartnersGLP1.3%
• NexGen EnergyNXE1.2%
• Suburban Propane PartnersSPH1.2%
• Vanguard Index FundsVTI0.8%
• First Majestic SilverAG0.7%
• iShares Core S&P 500 ETFIVV0.6%
• Denison MinesDNN0.6%
• Sprott Asset ManagementPSLV0.6%
• Energy FuelsUUUU0.6%
• Uranium EnergyUEC0.5%
• Freeport-McMoRanFCX0.5%
• AlphabetGOOGL0.4%
• iShares S&P 100 ETFOEF0.3%
• Schwab Fndmn International LRG Co ETFFNDF0.3%
• Morgan Stanley ETF TrustEVTR0.3%
• Kinder MorganKMI0.3%
• NewmontNEM0.3%
• Vanguard Ftse Developed ETFVEA0.3%
• MicrosoftMSFT0.3%
• Oneok0.3%
• Ur-energyURG0.3%
• AppleAAPL0.2%
• TECK ResourcesTECK0.2%
• Johnson & JohnsonJNJ0.2%
• Coeur MiningCDE0.2%
• At&tT0.2%
• Meta PlatformsMETA0.2%
• J P Morgan Exchange Traded FundJCPB0.2%
• Williams CompaniesWMB0.2%
• AbbVieABBV0.2%
• VisaV0.2%
• Texas InstrumentsTXN0.2%
• AccentureACN0.2%
• Vanguard Most Sm-cap ETF-usd ETFVB0.2%
• Bristol-myers SquibbBMY0.2%
• ChevronCVX0.2%
• MastercardMA0.2%
• Wheaton Precious MetalsWPM0.2%
• Verizon CommunicationsVZ0.2%
• Endeavour SilverEXK0.2%
• Silvercorp MetalsSVM0.2%
• Cheniere EnergyLNG0.2%
• MerckMRK0.2%
• Amazon.comAMZN0.2%
• Targa ResourcesTRGP0.2%
• MP MaterialsMP0.2%
• T-mobile USTMUS0.2%
• Vanguard Core-plus Bond ETFVPLS0.2%
• Lockheed MartinLMT0.2%
• Altria GroupMO0.2%
• IsharesEMXC0.2%
• DT MidstreamDTM0.2%
• Vanguard World FundMGK0.2%
• Plains GP HoldingsPAGP0.2%
• ConocoPhillipsCOP0.2%
• ComcastCMCSA0.1%
• Vanguard International Equity Index FVWO0.1%
• PfizerPFE0.1%
• Hewlett Packard EnterpriseHPE0.1%
• Edison InternationalEIX0.1%
• Dominion EnergyD0.1%
• T. Rowe PriceTROW0.1%
• Hecla MiningHL0.1%
• Snap-onSNA0.1%
• Smurfit WestrockSW0.1%
• AmcorAMCR0.1%
• Microchip TechnologyMCHP0.1%
• EvergyEVRG0.1%
• FirstenergyFE0.1%
• KenvueKVUE0.1%
• Eversource EnergyES0.1%
• TargetTGT0.1%
• EOG ResourcesEOG0.1%
• US Bancorp \de\USB0.1%
• PaychexPAYX0.1%
• International PaperIP0.1%
• AlbemarleALB0.1%
• Best BuyBBY0.1%
• StarbucksSBUX0.1%
• DowDOW0.1%
• Home DepotHD0.1%
• Southern Copper Corp/SCCO0.1%
• Kraft HeinzKHC0.1%
• United Parcel ServiceUPS0.1%
• WatscoWSO0.1%
• Prudential FinancialPRU0.1%
• Omnicom GroupOMC0.1%