Cerity Partners OCIO portfolio

What changed this quarter

25 positions with a change (4 new, 4 added to, 16 trimmed, 1 sold). 7 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Vaneck ETF Trust+19.2 ppof portfolioNew
  — → 19.2%
• State Street Technology Select Sector ETF−11.4 ppof portfolioSold out
  13.5% → —
• J P Morgan Exchange Traded Fund+8.9 ppof portfolioNew
  — → 8.9%
• Vanguard S&P 500 ETF−50%fewer sharesReduced
  16.4% → 7.9%
• iShares Core S&P 500 ETF+4.5 ppof portfolioNew
  — → 4.5%
• State Street SPDR BB International Treasury BD ETF+10%more sharesIncreased
  9.3% → 8.6%
• iShares 1-3 Year Treasury BO ETF+61%more sharesIncreased
  1.2% → 1.6%

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

• Vaneck ETF TrustSMH19.2%
• J P Morgan Exchange Traded FundBBJP8.9%
• iShares 7-10 Year Treasury B ETFIEF8.7%
• State Street SPDR BB International Treasury BD ETFBWX8.6%
• Vanguard S&P 500 ETFVOO7.9%
• Schwab U.s. Tips ETFSCHP7.5%
• IsharesIEMG7.2%
• Vanguard International Equity Index FVT7.0%
• SPDR Gold Shares ETFGLD5.0%
• iShares Core S&P 500 ETFIVV4.5%
• First Tr Exchange-traded FundEIPX3.7%
• First Trust North American E ETFEMLP3.6%
• iShares 10-20 Year Treasury ETFTLH2.6%
• iShares 1-3 Year Treasury BO ETFSHY1.6%
• iShares Core Msci DEV Mkts ETFIDEV0.6%
• Nushares ETF TrNUEM0.6%
• iShares Core U.s. Aggregate ETFAGG0.6%
• iShares US Treasury Bond ETFGOVT0.5%
• State Street Energy Select Sector ETFXLE0.5%
• Ishares TrPABU0.3%
• Nushares ETF TrNUDM0.2%
• iShares International Treasu ETFIGOV0.2%
• Vanguard Ftse Developed ETFVEA0.1%
• Vanguard International Equity Index FVWO0.1%
• State Street SPDR BB International Corp BD ETFIBND0.1%
• iShares 0-3 Month Treasury B ETFSGOV0.1%
• State Street SPDR Bloomberg ETFBWZunder 0.1%
• Black Stone MineralsBSMunder 0.1%