HBK Sorce Advisory portfolio

What changed this quarter

466 positions with a change (43 new, 208 added to, 187 trimmed, 28 sold); also, 1 entered through an IPO, 1 entered through a spin-off.

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

• Schwab US Large-cap ETFSCHX20.8%
• Vanguard Core Bond ETFVCRB16.8%
• Vanguard Ftse Developed ETFVEA11.1%
• Dimensional ETF TrustDFVX7.5%
• Vanguard Core Tax-ex Bond ETFVCRM5.3%
• Dimensional ETF TrustDFEM2.6%
• AppleAAPL2.0%
• Schwab US Broad Market ETFSCHB1.8%
• Vanguard S&P 500 ETFVOO1.1%
• Invesco Russell 1000 DYN M/f ETFOMFL1.0%
• NVIDIANVDA1.0%
• AlphabetGOOGL · GOOG0.9%
• MicrosoftMSFT0.9%
• Dimensional ETF TrustDFCF0.8%
• JPMorgan ChaseJPM0.8%
• Vanguard Index FundsVTI0.7%
• Vanguard Mortgage-backed Sec ETFVMBS0.6%
• Schwab Emrg Mrkts Eqty ETFSCHE0.5%
• First Trust ENH Short MAT FundFTSM0.5%
• Amazon.comAMZN0.5%
• First Tr Exchange-traded ALPFEX0.5%
• Vanguard Dividend Apprec ETFVIG0.4%
• First Trust Capital Strength ETFFTCS0.4%
• Eli LillyLLY0.4%
• Vanguard Russell 1000 Growth ETFVONG0.4%
• Schwab International Equity ETFSCHF0.4%
• iShares Russell 1000 Growth ETFIWF0.4%
• Vanguard Index FundsVV0.4%
• iShares Core S&P 500 ETFIVV0.3%
• Berkshire HathawayBRK/B0.3%
• BroadcomAVGO0.3%
• State Str Spdr S&P 500 ETF TSPY0.3%
• Invesco QQQ Trust Series 1 ETFQQQ0.3%
• Exxon MobilXOM0.3%
• Meta PlatformsMETA0.2%
• Schwab US Large-cap Value ETFSCHV0.2%
• iShares Russell 1000 ETFIWB0.2%
• Schwab US Mid Cap ETFSCHM0.2%
• Johnson & JohnsonJNJ0.2%
• iShares Russell 1000 Value E ETFIWD0.2%
• Parker-hannifinPH0.2%
• Procter & GamblePG0.2%
• Lockheed MartinLMT0.2%
• Schwab US DVD Equity ETFSCHD0.2%
• RTXRTX0.2%
• iShares Core S&P Small-cap E ETFIJR0.2%
• ComcastCMCSA0.2%
• CaterpillarCAT0.2%
• VisaV0.2%
• Vanguard Tax-exempt Bond ETFVTEB0.2%
• TeslaTSLA0.2%
• iShares Core S&P Total U.s ETFITOT0.2%
• WalmartWMT0.2%
• PrologisPLD0.2%
• ChevronCVX0.1%
• Micron TechnologyMU0.1%
• Vanguard Mrngstar GR ETF-sui ETFVUG0.1%
• XometryXMTR0.1%
• GE AerospaceGE0.1%
• MerckMRK0.1%
• Cisco SystemsCSCO0.1%
• Vanguard Mrngstr Val ETF-aui ETFVTV0.1%
• Advanced Micro DevicesAMD0.1%
• STE Str SPDR PT S&P 500 ETFSPYM0.1%
• Costco WholesaleCOST0.1%
• Vanguard Int-term Corporate ETFVCIT0.1%
• Palantir TechnologiesPLTR0.1%
• M&t BankMTB0.1%
• Coca-ColaKO0.1%
• Vanguard Total Bond Market ETFBND0.1%
• PNC Financial Services GroupPNC0.1%
• SEI InvestmentsSEIC0.1%
• United Parcel ServiceUPS0.1%
• Home DepotHD0.1%
• International Business MachinesIBM0.1%
• GE VernovaGEV0.1%
• AbbVieABBV0.1%
• DBX ETF TrDBEF0.1%
• AccentureACN0.1%
• Philip Morris InternationalPM0.1%
• Schwab 1000 Index ETFSCHK0.1%
• Verizon CommunicationsVZ0.1%
• PepsicoPEP0.1%
• At&tT0.1%
• Goldman Sachs GroupGS0.1%
• NetflixNFLX0.1%
• Vaneck ETF TrustSMH0.1%
• McDONALD’SMCD0.1%
• Thermo Fisher ScientificTMO0.1%
• PfizerPFE0.1%
• ERIE IndemnityERIE0.1%
• NucorNUE0.1%
• iShares Russell Mid-cap Valu ETFIWS0.1%
• WisdomTree International EQU ETFDWM0.1%
• Gilead SciencesGILD0.1%
• AmgenAMGN0.1%
• Vanguard Admiral FundsVIOO0.1%
• Schwab International Small-cap Equity ETFSCHC0.1%
• Arista NetworksANET0.1%