Voleon Capital Management portfolio

What changed this quarter

939 positions with a change (175 new, 245 added to, 330 trimmed, 189 sold); also, 1 entered through an IPO, 7 exited through an acquisition or merger, 1 entered through a spin-off. 5 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Microsoft+22%more sharesIncreased
  3.8% → 3.9%
• Meta Platforms+54%more sharesIncreased
  1.5% → 2.0%
• Fortinet−53%fewer sharesReduced
  0.8% → 0.6%
• Applied Materials+1,733%more sharesIncreased
  under 0.1% → 0.6%
• Merck+307%more sharesIncreased
  0.2% → 0.7%

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

• NVIDIANVDA5.4%
• AppleAAPL5.3%
• MicrosoftMSFT3.9%
• AlphabetGOOGL3.8%
• Amazon.comAMZN2.8%
• Meta PlatformsMETA2.0%
• TeslaTSLA1.8%
• Micron TechnologyMU1.5%
• JPMorgan ChaseJPM1.4%
• BroadcomAVGO1.3%
• MastercardMA1.3%
• SandiskSNDK1.2%
• Eli LillyLLY1.2%
• IntelINTC1.1%
• Astera LabsALAB1.0%
• O Reilly AutomotiveORLY0.9%
• Chipotle Mexican GrillCMG0.9%
• AbbVieABBV0.8%
• VisaV0.7%
• Cardinal HealthCAH0.7%
• WalmartWMT0.7%
• MerckMRK0.7%
• Solstice Advanced MaterialsSOLS0.7%
• General DynamicsGD0.6%
• Home DepotHD0.6%
• WabtecWAB0.6%
• BlackRockBLK0.6%
• Sherwin-williamsSHW0.6%
• CopartCPRT0.6%
• Applied MaterialsAMAT0.6%
• FortinetFTNT0.6%
• Robinhood MarketsHOOD0.6%
• Berkshire HathawayBRK/B0.6%
• Coca-ColaKO0.6%
• ATIATI0.6%
• GE VernovaGEV0.5%
• CaterpillarCAT0.5%
• ONTO InnovationONTO0.5%
• Cigna GroupCI0.5%
• FastenalFAST0.5%
• Dell TechnologiesDELL0.5%
• Procter & GamblePG0.5%
• SunococorpSUNC0.5%
• DexcomDXCM0.5%
• Advanced Micro DevicesAMD0.4%
• IRENIREN0.4%
• Costco WholesaleCOST0.4%
• AstrazenecaAZN0.4%
• CintasCTAS0.4%
• SkyWater Technology0.4%
• Charles SchwabSCHW0.4%
• CalumetCLMT0.4%
• Hinge HealthHNGE0.4%
• RTXRTX0.4%
• Lam ResearchLRCX0.4%
• Targa ResourcesTRGP0.4%
• GlobalstarGSAT0.4%
• Axsome TherapeuticsAXSM0.4%
• Trade DeskTTD0.4%
• IntuitINTU0.4%
• Qnity ElectronicsQ0.4%
• Lumen TechnologiesLUMN0.4%
• Morgan StanleyMS0.3%
• RobloxRBLX0.3%
• Williams CompaniesWMB0.3%
• Nextera EnergyNEE0.3%
• Marvell TechnologyMRVL0.3%
• At&tT0.3%
• SouthernSO0.3%
• Edison InternationalEIX0.3%
• AutoZoneAZO0.3%
• Stifel FinancialSF0.3%
• Freeport-McMoRanFCX0.3%
• InterContinental Hotels GroupIHG0.3%
• FLEXFLEX0.3%
• Manhattan AssociatesMANH0.3%
• Nebius GroupNBIS0.3%
• Raymond James FinancialRJF0.3%
• Public Service Enterprise GroupPEG0.3%
• Viking HoldingsVIK0.3%
• Establishment Labs HoldingsESTA0.3%
• Applied DigitalAPLD0.3%
• GitlabGTLB0.3%
• PaccarPCAR0.3%
• LegenceLGN0.3%
• Bloom EnergyBE0.3%
• ERIE IndemnityERIE0.3%
• ExelixisEXEL0.2%
• ShopifySHOP0.2%
• 3mMMM0.2%
• TechnipFMCFTI0.2%
• Lindblad Expeditions HoldingsLIND0.2%
• Wells FargoWFC0.2%
• Chime FinancialCHYM0.2%
• DoximityDOCS0.2%
• STMicroelectronicsSTM0.2%
• McKESSONMCK0.2%
• Bank of AmericaBAC0.2%
• FigmaFIG0.2%
• SasolSSL0.2%