Mesirow Financial Investment Management portfolio

What changed this quarter

359 positions with a change (32 new, 159 added to, 147 trimmed, 21 sold); also, 2 entered through an IPO, 3 exited through an acquisition or merger, 2 entered through a spin-off. 5 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Investment Managers SER Tr I−51%fewer sharesReduced
  2.6% → 1.4%
• iShares Core S&P Midcap ETF−40%fewer sharesReduced
  2.3% → 1.5%
• iShares Russell Mid-cap ETF−51%fewer sharesReduced
  1.8% → 1.0%
• Microsoft−31%fewer sharesReduced
  2.7% → 1.8%
• iShares Msci Eafe ETF−49%fewer sharesReduced
  1.1% → 0.6%

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

• Berkshire HathawayBRK/B · BRK/A8.1%
• AlphabetGOOG · GOOGL5.2%
• AppleAAPL4.6%
• Vaneck ETF TrustMOAT4.3%
• iShares Core S&P Small-cap E ETFIJR3.8%
• iShares Core S&P 500 ETFIVV2.9%
• iShares Core S&P Total U.s ETFITOT2.8%
• Vanguard S&P 500 ETFVOO2.4%
• MicrosoftMSFT1.8%
• JPMorgan ChaseJPM1.6%
• State Str Spdr S&P 500 ETF TSPY1.5%
• Amazon.comAMZN1.5%
• iShares Core S&P Midcap ETFIJH1.5%
• CaterpillarCAT1.5%
• Vanguard Total International Stock ETFVXUS1.5%
• iShares Russell 1000 Growth ETFIWF1.4%
• Vanguard High DVD Yield ETFVYM1.4%
• Investment Managers SER Tr IFPAG1.4%
• iShares 0-3 Month Treasury B ETFSGOV1.2%
• SPDR Gold Shares ETFGLD1.1%
• Profesionally Managed PortfoAKRE1.1%
• T Rowe Price Exchange-tradedTCAF1.0%
• iShares Russell Mid-cap ETFIWR1.0%
• BroadcomAVGO0.9%
• RTXRTX0.9%
• Vanguard Mrngstar GR ETF-sui ETFVUG0.8%
• RBB Fund TrustFEGE0.8%
• iShares Russell 1000 Value E ETFIWD0.7%
• Vanguard Ftse Developed ETFVEA0.7%
• Vanguard Dividend Apprec ETFVIG0.7%
• Bank of AmericaBAC0.7%
• Vanguard Mrngstr Val ETF-aui ETFVTV0.7%
• Thermo Fisher ScientificTMO0.7%
• iShares Core Msci Eafe ETFIEFA0.7%
• FedExFDX0.7%
• Costco WholesaleCOST0.7%
• AbbVieABBV0.6%
• Vanguard World FundMGC0.6%
• iShares Core 60/40 Balanced ETFAOR0.6%
• iShares Msci Eafe ETFEFA0.6%
• Lowe'sLOW0.6%
• Union PacificUNP0.6%
• CorningGLW0.6%
• ChevronCVX0.5%
• Vanguard International Equity Index FVT0.5%
• LindeLIN0.5%
• Vanguard S/t Corp Bond ETFVCSH0.5%
• VisaV0.5%
• TE ConnectivityTEL0.5%
• UnitedHealth GroupUNH0.5%
• Vanguard Index FundsVOE0.5%
• Johnson & JohnsonJNJ0.5%
• Vanguard Index FundsVTI0.5%
• iShares Russell 2000 ETFIWM0.4%
• Vanguard Index FundsVO0.4%
• iShares 1-3 Year Treasury BO ETFSHY0.4%
• WalmartWMT0.4%
• NVIDIANVDA0.4%
• Fifth Third BancorpFITB0.4%
• Ssga Active ETF TrGAL0.4%
• Invesco QQQ Trust Series 1 ETFQQQ0.4%
• MastercardMA0.4%
• American ExpressAXP0.4%
• iShares S&P 500 Growth ETFIVW0.4%
• iShares Msci Emerging Market ETFEEM0.4%
• BlackRockBLK0.4%
• Vanguard Russell 1000 Growth ETFVONG0.4%
• iShares S&P 500 Value ETFIVE0.3%
• Jacobs SolutionsJ0.3%
• Walt DisneyDIS0.3%
• IsharesIEMG0.3%
• iShares Ibonds DEC 2026 Term ETFIBDR0.3%
• iShares Russell Mid-cap Grow ETFIWP0.3%
• StrykerSYK0.3%
• Meta PlatformsMETA0.3%
• State Str Spdr S&P Midcap 40MDY0.3%
• Capital Group Core BalancedCGBL0.3%
• Vanguard Admiral FundsVOOV0.3%
• Eli LillyLLY0.3%
• Ishares TrIBDS0.3%
• Hilton Worldwide HoldingsHLT0.3%
• PepsicoPEP0.3%
• Home DepotHD0.3%
• OracleORCL0.3%
• State Street SPDR S&P Dividend ETFSDY0.3%
• iShares Ibonds DEC 2028 ETFIBDT0.3%
• SalesforceCRM0.2%
• Enterprise Products PartnersEPD0.2%
• Coca-ColaKO0.2%
• Amplify CWP Enhan Divid ETFDIVO0.2%
• Abbott LaboratoriesABT0.2%
• Schwab US DVD Equity ETFSCHD0.2%
• State Street Technology Select Sector ETFXLK0.2%
• Vanguard International Equity Index FVWO0.2%
• AllstateALL0.2%
• iShares Ibonds DEC 2029 Term ETFIBDU0.2%
• iShares Core 80/20 Aggressiv ETFAOA0.2%
• Vanguard Ultra Short Bond ET ETFVUSB0.2%