Rafferty Asset Management portfolio

What changed this quarter

1142 positions with a change (107 new, 649 added to, 366 trimmed, 20 sold); also, 14 exited through an acquisition or merger, 3 entered through a spin-off. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• NVIDIA+67%more sharesIncreased
  5.4% → 5.8%
• Micron Technology+34%more sharesIncreased
  3.1% → 8.1%
• Broadcom+56%more sharesIncreased
  3.6% → 3.9%
• KLA+67%more sharesIncreased
  1.5% → 3.0%
• Taiwan Semiconductor Manufacturing+111%more sharesIncreased
  1.3% → 2.2%
• iShares 20+ Year Treasury BD ETF−25%fewer sharesReduced
  8.1% → 3.4%
• Lam Research+55%more sharesIncreased
  1.5% → 2.7%
• Apple+61%more sharesIncreased
  2.2% → 2.2%
• Analog Devices+80%more sharesIncreased
  1.4% → 1.8%
• Intel+26%more sharesIncreased
  1.6% → 3.5%
• Microsoft+62%more sharesIncreased
  1.9% → 1.8%
• Advanced Micro Devices+16%more sharesIncreased
  2.5% → 4.6%

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

• Micron TechnologyMU8.1%
• NVIDIANVDA5.8%
• Advanced Micro DevicesAMD4.6%
• BroadcomAVGO3.9%
• IntelINTC3.5%
• iShares 20+ Year Treasury BD ETFTLT3.4%
• Applied MaterialsAMAT3.2%
• KLAKLAC3.0%
• Marvell TechnologyMRVL2.8%
• Lam ResearchLRCX2.7%
• IsharesEWY2.3%
• iShares Russell 2000 ETFIWM2.3%
• AppleAAPL2.2%
• Taiwan Semiconductor ManufacturingTSM2.2%
• Texas InstrumentsTXN1.9%
• Analog DevicesADI1.8%
• MicrosoftMSFT1.8%
• TeradyneTER1.7%
• NXP SemiconductorsNXPI1.5%
• TeslaTSLA1.5%
• Astera LabsALAB1.5%
• Monolithic Power SystemsMPWR1.4%
• QualcommQCOM1.4%
• AlphabetGOOGL · GOOG1.2%
• Vaneck ETF TrustGDX1.2%
• ASML HoldingASML1.1%
• Microchip TechnologyMCHP1.1%
• Invesco QQQ Trust Series 1 ETFQQQ0.9%
• Credo Technology Group HoldingCRDO0.9%
• ON SemiconductorON0.8%
• iShares China Large-cap ETFFXI0.7%
• Amazon.comAMZN0.7%
• Berkshire HathawayBRK/B0.6%
• JPMorgan ChaseJPM0.6%
• EntegrisENTG0.6%
• ASE Technology HoldingASX0.6%
• MACOM Technology Solutions HoldingsMTSI0.5%
• Meta PlatformsMETA0.5%
• United MicroelectronicsUMC0.5%
• Palantir TechnologiesPLTR0.4%
• ARM HoldingsARM0.4%
• Cisco SystemsCSCO0.4%
• VisaV0.4%
• STMicroelectronicsSTM0.4%
• NovaNVMI0.4%
• SandiskSNDK0.3%
• RambusRMBS0.3%
• Vaneck ETF TrustGDXJ0.3%
• MastercardMA0.3%
• Palo Alto NetworksPANW0.3%
• Kranesh CSI China Internet ETFKWEB0.3%
• Bank of AmericaBAC0.2%
• Eli LillyLLY0.2%
• GE AerospaceGE0.2%
• Skyworks SolutionsSWKS0.2%
• Exxon MobilXOM0.2%
• Western DigitalWDC0.2%
• OracleORCL0.2%
• International Business MachinesIBM0.2%
• Seagate Technology HoldingsSTX0.2%
• Goldman Sachs GroupGS0.2%
• D.R. HortonDHI0.2%
• CrowdStrike HoldingsCRWD0.2%
• Wells FargoWFC0.2%
• Morgan StanleyMS0.2%
• AmphenolAPH0.2%
• NetflixNFLX0.2%
• CitigroupC0.2%
• Johnson & JohnsonJNJ0.2%
• CorningGLW0.2%
• iShares Core S&P 500 ETFIVV0.1%
• RTXRTX0.1%
• Arista NetworksANET0.1%
• AppLovinAPP0.1%
• WalmartWMT0.1%
• ChevronCVX0.1%
• Home DepotHD0.1%
• American ExpressAXP0.1%
• AbbVieABBV0.1%
• PultegroupPHM0.1%
• Costco WholesaleCOST0.1%
• Cadence Design SystemsCDNS0.1%
• CaterpillarCAT0.1%
• IsharesEWZ0.1%
• FortinetFTNT0.1%
• DatadogDDOG0.1%
• SalesforceCRM0.1%
• Charles SchwabSCHW0.1%
• BoeingBA0.1%
• SynopsysSNPS0.1%
• Dell TechnologiesDELL0.1%
• UnitedHealth GroupUNH0.1%
• BlackRockBLK0.1%
• AmgenAMGN0.1%
• DBX ETF TrASHR0.1%
• AdobeADBE0.1%
• LennarLEN0.1%
• ProgressivePGR0.1%
• Capital One FinancialCOF0.1%