Cannell & Spears portfolio

What changed this quarter

273 positions with a change (41 new, 52 added to, 159 trimmed, 21 sold); also, 3 entered through an IPO, 1 exited through an acquisition or merger, 3 entered through a spin-off. 5 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Sandisk+1.6 ppof portfolioNew
  — → 1.6%
• Micron Technology+76%more sharesIncreased
  0.3% → 1.7%
• Esab+0.6 ppof portfolioNew
  — → 0.6%
• Alphabet−11%fewer sharesReduced
  4.6% → 4.6%
• Merck−30%fewer sharesReduced
  1.9% → 1.3%

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

• AlphabetGOOG · GOOGL6.8%
• MicrosoftMSFT4.3%
• AppleAAPL3.7%
• Berkshire HathawayBRK/B · BRK/A3.7%
• Amazon.comAMZN3.0%
• Vertiv HoldingsVRT2.7%
• ChubbCB2.5%
• BrookfieldBN2.3%
• Millrose PropertiesMRP2.0%
• FTAI AviationFTAI2.0%
• Union PacificUNP1.7%
• Micron TechnologyMU1.7%
• Analog DevicesADI1.6%
• NVIDIANVDA1.6%
• SandiskSNDK1.6%
• Quanta ServicesPWR1.4%
• BroadcomAVGO1.4%
• Tidal Trust IIIBEEX1.4%
• Gildan ActivewearGIL1.3%
• MerckMRK1.3%
• Agnico Eagle MinesAEM1.2%
• JPMorgan ChaseJPM1.2%
• AbbVieABBV1.2%
• Abbott LaboratoriesABT1.2%
• Texas InstrumentsTXN1.1%
• Barrick MiningB1.0%
• White Mountains Insurance GroupWTM1.0%
• CRH publicCRH1.0%
• OracleORCL1.0%
• DanaherDHR0.9%
• Thermo Fisher ScientificTMO0.9%
• TJXTJX0.8%
• Costco WholesaleCOST0.8%
• Johnson & JohnsonJNJ0.8%
• Labcorp HoldingsLH0.8%
• Bank of New York MellonBNY0.7%
• AmcorAMCR0.7%
• Sprott Asset ManagementCEF · PHYS0.7%
• Franco NevadaFNV0.7%
• IlluminaILMN0.7%
• nVent ElectricNVT0.6%
• Walt DisneyDIS0.6%
• ESABESAB0.6%
• ChevronCVX0.6%
• AonAON0.6%
• FedExFDX0.6%
• Mondelez InternationalMDLZ0.6%
• Home DepotHD0.6%
• Wheaton Precious MetalsWPM0.6%
• Intercontinental ExchangeICE0.5%
• Martin Marietta MaterialsMLM0.5%
• Alamos GoldAGI0.5%
• Colgate-palmoliveCL0.5%
• Lockheed MartinLMT0.5%
• IntelINTC0.5%
• PrologisPLD0.5%
• Western DigitalWDC0.5%
• Microchip TechnologyMCHP0.5%
• Lowe'sLOW0.5%
• RTXRTX0.4%
• SyscoSYY0.4%
• Coca-ColaKO0.4%
• Air Products and ChemicalsAPD0.4%
• Regeneron PharmaceuticalsREGN0.4%
• Illinois Tool WorksITW0.4%
• Crown HoldingsCCK0.4%
• Exxon MobilXOM0.4%
• Restaurant Brands InternationalQSR0.4%
• Axsome TherapeuticsAXSM0.4%
• LindeLIN0.4%
• First Citizens BancsharesFCNCA0.4%
• CaterpillarCAT0.4%
• LennarLEN0.3%
• CorningGLW0.3%
• Automatic Data ProcessingADP0.3%
• Vishay IntertechnologyVSH0.3%
• Fidelity National Information ServicesFIS0.3%
• Packaging Corp of AmericaPKG0.3%
• PepsicoPEP0.3%
• Take-two Interactive SoftwareTTWO0.3%
• ComcastCMCSA0.3%
• HCA HealthcareHCA0.3%
• XylemXYL0.3%
• NewmontNEM0.3%
• Bristol-myers SquibbBMY0.2%
• Brookfield RenewableBEPC0.2%
• Honeywell InternationalHON0.2%
• ConstelliumCSTM0.2%
• Vanguard S&P 500 ETFVOO0.2%
• Honeywell AerospaceHONA0.2%
• Royal GoldRGLD0.2%
• Cisco SystemsCSCO0.2%
• State Str Spdr S&P 500 ETF TSPY0.2%
• AflacAFL0.2%
• Canadian Pacific Kansas CityCP0.2%
• iShares Russell 1000 ETFIWB0.2%
• Fidelity National FinancialFNF0.2%