Informed Momentum portfolio

What changed this quarter

387 positions with a change (121 new, 11 added to, 132 trimmed, 123 sold); also, 1 entered through an IPO, 4 exited through an acquisition or merger. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• iShares Msci India Small-cap ETF+381%more sharesIncreased
  0.7% → 3.2%
• Advanced Energy Industries−1.3 ppof portfolioSold out
  1.7% → —
• Guardant Health+1.1 ppof portfolioNew
  — → 1.1%
• Ceco Environmental+1.0 ppof portfolioNew
  — → 1.0%
• Semtech+0.9 ppof portfolioNew
  — → 0.9%
• Nlight−60%fewer sharesReduced
  1.6% → 0.6%
• TTM Technologies−50%fewer sharesReduced
  1.1% → 0.8%
• Cohu+0.8 ppof portfolioNew
  — → 0.8%
• Nextpower−0.8 ppof portfolioSold out
  1.0% → —
• Golar LNG−0.7 ppof portfolioSold out
  1.0% → —
• AXT−72%fewer sharesReduced
  1.0% → 0.3%
• Enova International+0.7 ppof portfolioNew
  — → 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

• iShares Msci India Small-cap ETFSMIN3.2%
• VicorVICR1.3%
• Bloom EnergyBE1.3%
• Guardant HealthGH1.1%
• BrightSpring Health ServicesBTSG1.0%
• CECO EnvironmentalCECO1.0%
• SiTimeSITM0.9%
• Sphere EntertainmentSPHR0.9%
• Viavi SolutionsVIAV0.9%
• SemtechSMTC0.9%
• DigitalOcean HoldingsDOCN0.8%
• Modine ManufacturingMOD0.8%
• Revolution MedicinesRVMD0.8%
• Kulicke and Soffa IndustriesKLIC0.8%
• MACOM Technology Solutions HoldingsMTSI0.8%
• TTM TechnologiesTTMI0.8%
• Solaris Energy InfrastructureSEI0.8%
• FormFactorFORM0.8%
• Vishay Precision GroupVPG0.8%
• AllientALNT0.8%
• ViasatVSAT0.8%
• COHUCOHU0.8%
• Dycom IndustriesDY0.8%
• Preformed Line ProductsPLPC0.7%
• NWPX InfrastructureNWPX0.7%
• Enova InternationalENVA0.7%
• ArterisAIP0.7%
• PriceSmartPSMT0.7%
• ArganAGX0.7%
• MYR GroupMYRG0.7%
• Powell IndustriesPOWL0.6%
• MaterionMTRN0.6%
• SanminaSANM0.6%
• A10 NetworksATEN0.6%
• National Energy Services ReunitedNESR0.6%
• TD SynnexSNX0.6%
• NlightLASR0.6%
• MKSMKSI0.6%
• KnowlesKN0.6%
• GrahamGHM0.6%
• Chefs’ WarehouseCHEF0.6%
• TerawulfWULF0.6%
• Travere TherapeuticsTVTX0.6%
• Axcelis TechnologiesACLS0.6%
• PlexusPLXS0.6%
• Ichor HoldingsICHR0.6%
• Lightpath TechnologiesLPTH0.6%
• MoogMOG/A0.6%
• Fuelcell EnergyFCEL0.6%
• Twist BioscienceTWST0.6%
• Axsome TherapeuticsAXSM0.6%
• DucommunDCO0.6%
• ONTO InnovationONTO0.6%
• AstronicsATRO0.6%
• Gorman-RuppGRC0.6%
• Lattice SemiconductorLSCC0.6%
• BEL FuseBELFB0.6%
• OpenlaneOPLN0.6%
• PDF SolutionsPDFS0.6%
• Digi InternationalDGII0.5%
• Ligand PharmaceuticalsLGND0.5%
• Hut 8HUT0.5%
• Valmont IndustriesVMI0.5%
• Krystal BiotechKRYS0.5%
• Arrow ElectronicsARW0.5%
• Diversified Healthcare TrustDHC0.5%
• Jazz PharmaceuticalsJAZZ0.5%
• Lindblad Expeditions HoldingsLIND0.5%
• Acadian Asset ManagementAAMI0.5%
• Element SolutionsESI0.5%
• Ultra Clean HoldingsUCTT0.5%
• Mercury SystemsMRCY0.5%
• Planet Labs PBCPL0.5%
• Sterling InfrastructureSTRL0.5%
• Amneal PharmaceuticalsAMRX0.5%
• Alkermes plc.ALKS0.5%
• CytokineticsCYTK0.5%
• XometryXMTR0.5%
• IonQIONQ0.5%
• Tower SemiconductorTSEM0.5%
• Eton PharmaceuticalsETON0.5%
• Applied DigitalAPLD0.5%
• Definium TherapeuticsDFTX0.5%
• Oruka TherapeuticsORKA0.5%
• PopularBPOP0.5%
• LittelfuseLFUS0.5%
• Lincoln Educational ServicesLINC0.5%
• Kodiak Gas ServicesKGS0.5%
• EnerflexEFXT0.5%
• AnterixATEX0.5%
• Victoria's SecretVSXY0.5%
• Spyre TherapeuticsSYRE0.5%
• Generac HoldingsGNRC0.5%
• Vita CocoCOCO0.5%
• Virtu FinancialVIRT0.5%
• Proto LabsPRLB0.5%
• AramarkARMK0.5%
• Ituran Location & ControlITRN0.5%
• Enlight Renewable EnergyENLT0.5%
• BorgwarnerBWA0.5%