Miller Investment Management portfolio

What changed this quarter

37 positions with a change (3 new, 17 added to, 11 trimmed, 6 sold). 1 is listed here: those of 0.5 points of the portfolio or more (up to 12).

• Vanguard Short-term Treasury ETF−8.1%fewer sharesReduced
  9.7% → 8.2%

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

• State Str Spdr S&P 500 ETF TSPY20.3%
• Spdr Series TrustBILS11.1%
• Vanguard Short-term Treasury ETFVGSH8.2%
• Berkshire HathawayBRK/B7.3%
• Vanguard Intermediate-term T ETFVGIT7.0%
• iShares Msci Eafe ETFEFA6.2%
• Vaneck ETF TrustSMH5.7%
• Meta PlatformsMETA3.1%
• AlphabetGOOGL · GOOG3.0%
• Vanguard Index FundsVV2.8%
• IsharesEWJ2.8%
• State Street Health Care Select Sector ETFXLV2.8%
• iShares Russell Mid-cap ETFIWR1.9%
• State Street Comm Select Sector SPDR ETFXLC1.7%
• Vanguard Ftse Developed ETFVEA1.6%
• Vanguard Instl Index FundVBIL1.5%
• MicrosoftMSFT1.3%
• Amazon.comAMZN1.2%
• United RentalsURI1.2%
• Vaneck ETF TrustPPH1.0%
• Vaneck ETF TrustBBH0.7%
• Cardinal HealthCAH0.5%
• iShares Biotechnology ETFIBB0.4%
• Vanguard Index FundsVTI0.4%
• Vanguard Dividend Apprec ETFVIG0.4%
• JPMorgan ChaseJPM0.3%
• Johnson & JohnsonJNJ0.3%
• PNC Financial Services GroupPNC0.3%
• State Str Spdr DOW Jones INDDIA0.3%
• AppleAAPL0.2%
• DeereDE0.2%
• Emerson ElectricEMR0.2%
• CenteneCNC0.2%
• OracleORCL0.2%
• RTXRTX0.2%
• AmgenAMGN0.2%
• iShares Russell 2000 ETFIWM0.2%
• Wells FargoWFC0.2%
• Tidal Trust IGSPY0.2%
• Quest DiagnosticsDGX0.1%
• Invesco QQQ Trust Series 1 ETFQQQ0.1%
• Eli LillyLLY0.1%
• TJXTJX0.1%
• MedtronicMDT0.1%
• Walt DisneyDIS0.1%
• Home DepotHD0.1%
• AmphenolAPH0.1%
• Phillips 66PSX0.1%
• United Parcel ServiceUPS0.1%
• Kimberly ClarkKMB0.1%
• ChevronCVX0.1%
• Stanley Black & DeckerSWK0.1%
• Onity GroupONIT0.1%
• NVIDIANVDA0.1%
• 3mMMM0.1%
• Vanguard S&P 500 ETFVOO0.1%
• CencoraCOR0.1%
• Crown HoldingsCCK0.1%
• ComcastCMCSA0.1%
• Vanguard International Equity Index FVEU0.1%
• CintasCTAS0.1%
• Alps ETF TrAMLP0.1%
• State Street SPDR BB 1-3m T-bill ETFBIL0.1%
• PepsicoPEP0.1%
• Illinois Tool WorksITW0.1%
• General DynamicsGD0.1%
• State Street SPDR S&P Biotech ETFXBIunder 0.1%
• AbbVieABBVunder 0.1%
• Becton, DickinsonBDXunder 0.1%
• International Business MachinesIBMunder 0.1%
• Constellation BrandsSTZunder 0.1%
• AegonAEGunder 0.1%
• Carrier GlobalCARRunder 0.1%
• Arthur J. GallagherAJGunder 0.1%
• Invesco Exchange Traded Fund TPKWunder 0.1%
• Avery DennisonAVYunder 0.1%
• Vanguard International Equity Index FVGKunder 0.1%
• QualcommQCOMunder 0.1%
• Teledyne TechnologiesTDYunder 0.1%
• AccentureACNunder 0.1%
• Hanover Insurance GroupTHGunder 0.1%
• Goldman Sachs GroupGSunder 0.1%