Portland Global Advisors portfolio

What changed this quarter

89 positions with a change (11 new, 40 added to, 34 trimmed, 4 sold); also, 1 exited through an acquisition or merger, 2 entered through a spin-off. 3 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• iShares 7-10 Year Treasury B ETF+96%more sharesIncreased
  1.9% → 3.3%
• State Street SPDR P St Term TSY ETF−13%fewer sharesReduced
  5.4% → 4.2%
• Vanguard Short-term Treasury ETF−13%fewer sharesReduced
  5.4% → 4.2%

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 TSPY8.6%
• iShares Core S&P Midcap ETFIJH6.0%
• iShares Core S&P 500 ETFIVV5.2%
• State Str Spdr S&P Midcap 40MDY4.3%
• State Street SPDR P St Term TSY ETFSPTS4.2%
• Vanguard Short-term Treasury ETFVGSH4.2%
• State Street SPDR P Int Term TSY ETFSPTI3.9%
• Vanguard Intermediate-term T ETFVGIT3.9%
• iShares 7-10 Year Treasury B ETFIEF3.3%
• iShares Core Msci Eafe ETFIEFA3.3%
• Vanguard International Equity Index FVWO2.4%
• Vanguard Ftse Developed ETFVEA2.3%
• iShares Msci Eafe ETFEFA2.2%
• IsharesIEMG2.0%
• Vanguard Index FundsVTI2.0%
• iShares 0-5 Year Tips Bond E ETFSTIP1.9%
• Vanguard Short-term Tips ETFVTIP1.9%
• Vanguard International Equity Index FVSS1.8%
• Palo Alto NetworksPANW1.8%
• iShares Russell 2000 ETFIWM1.7%
• iShares Gnma Bond ETFGNMA1.7%
• CrowdStrike HoldingsCRWD1.5%
• Rockwell AutomationROK1.3%
• IsharesEWJ1.3%
• MicrosoftMSFT1.3%
• HubbellHUBB1.2%
• Bank of New York MellonBNY1.1%
• Texas InstrumentsTXN1.1%
• International Business MachinesIBM1.0%
• iShares Msci Emerging Market ETFEEM1.0%
• iShares 0-3 Month Treasury B ETFSGOV0.9%
• AppleAAPL0.9%
• WisdomTree EM Small Cap ETFDGS0.9%
• AmgenAMGN0.9%
• FedExFDX0.9%
• Church & DwightCHD0.8%
• EatonETN0.7%
• MercadoLibreMELI0.6%
• Check Point Software TechnologiesCHKP0.6%
• UnileverUL0.6%
• XylemXYL0.6%
• Vanguard International Equity Index FVEU0.5%
• Fomento Economico Mexicano SFMX0.5%
• HersheyHSY0.5%
• Amazon.comAMZN0.4%
• Colgate-palmoliveCL0.4%
• iShares Ibonds DEC 2028 Term ETFIBTI0.4%
• iShares Ibonds DEC 2027 Term ETFIBTH0.4%
• iShares Ibonds DEC 2029 Term ETFIBTJ0.4%
• iShares Gen-immunology Hlth ETFIDNA0.3%
• Idexx LaboratoriesIDXX0.3%
• AlphabetGOOGL · GOOG0.3%
• Berkshire HathawayBRK/B · BRK/A0.3%
• McCORMICKMKC0.3%
• ChubbCB0.3%
• Vanguard S&P 500 ETFVOO0.3%
• Spdr Series TrustBILS0.3%
• IntelINTC0.3%
• Analog DevicesADI0.2%
• iShares Russell 3000 ETFIWV0.2%
• FedEx Freight HoldingFDXF0.2%
• iShares Core S&P Small-cap E ETFIJR0.2%
• Johnson & JohnsonJNJ0.2%
• MastercardMA0.2%
• JPMorgan ChaseJPM0.2%
• AmphenolAPH0.2%
• Exxon MobilXOM0.2%
• iShares Trust iShares ESG AW ETFESGD0.2%
• MerckMRK0.2%
• iShares Russell 1000 Growth ETFIWF0.1%
• iShares ESG Optimized Msci U ETFSUSA0.1%
• Vanguard Index FundsVO0.1%
• Applied MaterialsAMAT0.1%
• NVIDIANVDA0.1%
• Taiwan Semiconductor ManufacturingTSM0.1%
• US Bancorp \de\USB0.1%
• NetflixNFLX0.1%
• McDONALD’SMCD0.1%
• Charles SchwabSCHW0.1%
• Eli LillyLLY0.1%
• Procter & GamblePG0.1%
• Sherwin-williamsSHW0.1%
• GE VernovaGEV0.1%
• Fifth Third BancorpFITB0.1%
• iShares Russell 1000 ETFIWB0.1%
• iShares ESG Aware Msci USA S ETFESML0.1%
• iShares S&P 100 ETFOEF0.1%
• GE AerospaceGE0.1%
• IsharesESGE0.1%
• iShares Select Dividend ETFDVY0.1%
• Ishare ESG SS S&P Midcap ETFXJH0.1%
• 3mMMM0.1%
• Home DepotHD0.1%
• Emerson ElectricEMR0.1%
• iShares Russell 1000 Value E ETFIWD0.1%
• Vanguard Mrngstar GR ETF-sui ETFVUG0.1%
• MatsonMATX0.1%
• Flexshares TrTILT0.1%