Daiwa Securities Group portfolio

What changed this quarter

1010 positions with a change (64 new, 563 added to, 313 trimmed, 70 sold); also, 2 entered through an IPO. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Microsoft−34%fewer sharesReduced
  7.6% → 6.6%
• NVIDIA+13%more sharesIncreased
  8.8% → 10.8%
• Apple−17%fewer sharesReduced
  5.3% → 4.8%
• Broadcom+27%more sharesIncreased
  3.7% → 4.1%
• UnitedHealth Group+414%more sharesIncreased
  0.2% → 1.0%
• Meta Platforms+24%more sharesIncreased
  2.7% → 4.1%
• Alphabet+19%more sharesIncreased
  4.1% → 4.5%
• Oracle+114%more sharesIncreased
  0.6% → 1.1%
• Amazon.com+17%more sharesIncreased
  3.4% → 3.9%
• iShares Core S&P 500 ETF+91%more sharesIncreased
  0.6% → 1.2%
• Micron Technology+19%more sharesIncreased
  3.2% → 3.3%
• Lam Research−62%fewer sharesReduced
  1.2% → 0.3%

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

• NVIDIANVDA10.8%
• MicrosoftMSFT6.6%
• AlphabetGOOGL · GOOG6.3%
• AppleAAPL4.8%
• BroadcomAVGO4.1%
• Meta PlatformsMETA4.1%
• Amazon.comAMZN3.9%
• Micron TechnologyMU3.3%
• Palantir TechnologiesPLTR2.5%
• NetflixNFLX2.1%
• WelltowerWELL1.8%
• PrologisPLD1.5%
• Digital Realty TrustDLR1.5%
• iShares Core S&P 500 ETFIVV1.2%
• EquinixEQIX1.2%
• OracleORCL1.1%
• UnitedHealth GroupUNH1.0%
• TeslaTSLA0.8%
• Advanced Micro DevicesAMD0.8%
• Invesco QQQ Trust Series 1 ETFQQQ0.7%
• Simon Property GroupSPG0.7%
• IntelINTC0.7%
• Kimco RealtyKIM0.6%
• American Healthcare REITAHR0.6%
• Extra Space StorageEXR0.5%
• BXPBXP0.5%
• Sun CommunitiesSUI0.5%
• Space Exploration TechnologiesSPCX0.5%
• Iron MountainIRM0.5%
• VentasVTR0.5%
• Eli LillyLLY0.5%
• Equity Lifestyle PropertiesELS0.4%
• Essex Property TrustESS0.4%
• JPMorgan ChaseJPM0.4%
• Public StoragePSA0.4%
• Omega Healthcare InvestorsOHI0.4%
• Agree RealtyADC0.4%
• VisaV0.3%
• CaterpillarCAT0.3%
• Eastgroup PropertiesEGP0.3%
• Cisco SystemsCSCO0.3%
• Lam ResearchLRCX0.3%
• Berkshire HathawayBRK/B0.3%
• CubesmartCUBE0.3%
• WalmartWMT0.3%
• International Business MachinesIBM0.3%
• Applied MaterialsAMAT0.3%
• Johnson & JohnsonJNJ0.3%
• CareTrust REITCTRE0.3%
• Costco WholesaleCOST0.3%
• Essential Properties Realty TrustEPRT0.3%
• CloudflareNET0.3%
• Exxon MobilXOM0.3%
• Crown CastleCCI0.3%
• Lamar AdvertisingLAMR0.3%
• Goldman Sachs GroupGS0.3%
• Kilroy RealtyKRC0.3%
• Healthcare Realty TrustHR0.3%
• Vivmark ResidentialVMRK0.3%
• Intuitive SurgicalISRG0.3%
• Texas InstrumentsTXN0.2%
• MastercardMA0.2%
• AmgenAMGN0.2%
• Aurora InnovationAUR0.2%
• ChevronCVX0.2%
• BoeingBA0.2%
• AbbVieABBV0.2%
• Icici BankIBN0.2%
• Curbline PropertiesCURB0.2%
• Invitation HomesINVH0.2%
• GE VernovaGEV0.2%
• Palo Alto NetworksPANW0.2%
• SalesforceCRM0.2%
• Host Hotels & ResortsHST0.2%
• KLAKLAC0.2%
• Realty IncomeO0.2%
• Marvell TechnologyMRVL0.2%
• CrowdStrike HoldingsCRWD0.2%
• DoorDashDASH0.2%
• MerckMRK0.2%
• MercadoLibreMELI0.2%
• GE AerospaceGE0.2%
• SandiskSNDK0.2%
• Home DepotHD0.2%
• NNN ReitNNN0.2%
• Bank of AmericaBAC0.2%
• Procter & GamblePG0.2%
• LindeLIN0.2%
• Coca-ColaKO0.2%
• QualcommQCOM0.2%
• Seagate Technology HoldingsSTX0.2%
• SBA CommunicationsSBAC0.1%
• Ryman Hospitality PropertiesRHP0.1%
• Gilead SciencesGILD0.1%
• Analog DevicesADI0.1%
• Royalty PharmaRPRX0.1%
• DanaherDHR0.1%
• Affirm HoldingsAFRM0.1%
• IonQIONQ0.1%