SBI Okasan Asset Management Co.Ltd portfolio

What changed this quarter

172 positions with a change (20 new, 59 added to, 68 trimmed, 25 sold); also, 1 exited through an acquisition or merger, 2 entered through a spin-off. 8 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Vanguard Total Bond Market ETF+16.7 ppof portfolioNew
  — → 16.7%
• SPDR Gold Minishares Trust ETF+325%more sharesIncreased
  6.8% → 20.5%
• Ishares Tr−82%fewer sharesReduced
  14.2% → 2.0%
• Vanguard Index Funds−20%fewer sharesReduced
  34.0% → 25.6%
• Vanguard Ftse Developed ETF−57%fewer sharesReduced
  11.2% → 4.5%
• iShares JP Morgan USD Emergi ETF−47%fewer sharesReduced
  13.3% → 5.8%
• Vanguard Real Estate ETF+2.8 ppof portfolioNew
  — → 2.8%
• Vanguard International Equity Index F−23%fewer sharesReduced
  6.7% → 4.7%

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

• Vanguard Index FundsVTI25.6%
• SPDR Gold Minishares Trust ETFGLDM20.5%
• Vanguard Total Bond Market ETFBND16.7%
• iShares JP Morgan USD Emergi ETFEMB5.8%
• Vanguard International Equity Index FVWO4.7%
• Vanguard Ftse Developed ETFVEA4.5%
• iShares US Real Estate ETFIYR3.5%
• Vanguard Real Estate ETFVNQ2.8%
• Ishares TrHYG2.0%
• NVIDIANVDA0.6%
• AlphabetGOOGL0.4%
• Micron TechnologyMU0.3%
• MicrosoftMSFT0.3%
• AppleAAPL0.3%
• State Street Comm Select Sector SPDR ETFXLC0.3%
• Select Sector Spdr TrXLP0.3%
• iShares Core S&P 500 ETFIVV0.2%
• Analog DevicesADI0.2%
• BroadcomAVGO0.2%
• IsharesIEMG0.2%
• St SR UTL SL SE SPDR ETF-usd ETFXLU0.2%
• iShares Semiconductor ETFSOXX0.2%
• Amazon.comAMZN0.2%
• TeslaTSLA0.2%
• QualcommQCOM0.2%
• Taiwan Semiconductor ManufacturingTSM0.2%
• EatonETN0.2%
• GE VernovaGEV0.2%
• State Street Technology Select Sector ETFXLK0.2%
• NXP SemiconductorsNXPI0.1%
• State Street Energy Select Sector ETFXLE0.1%
• Advanced Micro DevicesAMD0.1%
• Vaneck ETF TrustEMLC0.1%
• UBER TechnologiesUBER0.1%
• ON SemiconductorON0.1%
• iShares U.s. Aerospace & DEF ETFITA0.1%
• Invesco Exchange Traded Fund TCSD0.1%
• Meta PlatformsMETA0.1%
• TE ConnectivityTEL0.1%
• General MotorsGM0.1%
• Credo Technology Group HoldingCRDO0.1%
• DatadogDDOG0.1%
• ARM HoldingsARM0.1%
• WalmartWMT0.1%
• State Street Consumer Disc Select Sect ETFXLY0.1%
• State Street Health Care Select Sector ETFXLV0.1%
• Magna InternationalMGA0.1%
• Ross StoresROST0.1%
• Cadence Design SystemsCDNS0.1%
• Royal Caribbean CruisesRCL0.1%
• BWX TechnologiesBWXT0.1%
• Arrowhead PharmaceuticalsARWR0.1%
• NateraNTRA0.1%
• MP MaterialsMP0.1%
• DexcomDXCM0.1%
• Exxon MobilXOM0.1%
• Revolution MedicinesRVMD0.1%
• Ford MotorF0.1%
• MasTecMTZ0.1%
• PenumbraPEN0.1%
• Fifth Third BancorpFITB0.1%
• Mirum PharmaceuticalsMIRM0.1%
• ArgenxARGX0.1%
• Eli LillyLLY0.1%
• Bank of New York MellonBNY0.1%
• IQVIA HoldingsIQV0.1%
• iShares Global Reit ETFREET0.1%
• ServiceNowNOW0.1%
• CloudflareNET0.1%
• EcolabECL0.1%
• C.h. Robinson WorldwideCHRW0.1%
• Gilead SciencesGILD0.1%
• Casey’s General StoresCASY0.1%
• Goldman Sachs GroupGS0.1%
• SnowflakeSNOW0.1%
• Elevance HealthELV0.1%
• SynopsysSNPS0.1%
• AmphenolAPH0.1%
• Nextera EnergyNEE0.1%
• Microchip TechnologyMCHP0.1%
• InsmedINSM0.1%
• Costco WholesaleCOSTunder 0.1%
• WabtecWABunder 0.1%
• JPMorgan ChaseJPMunder 0.1%
• Align TechnologyALGNunder 0.1%
• Generac HoldingsGNRCunder 0.1%
• CumminsCMIunder 0.1%
• Coca-ColaKOunder 0.1%
• Duke EnergyDUKunder 0.1%
• VisaVunder 0.1%
• Solaredge TechnologiesSEDGunder 0.1%
• Philip Morris InternationalPMunder 0.1%
• Vertiv HoldingsVRTunder 0.1%
• National Fuel GasNFGunder 0.1%
• MSCIMSCIunder 0.1%
• LittelfuseLFUSunder 0.1%
• Cisco SystemsCSCOunder 0.1%
• VisteonVCunder 0.1%
• DanaherDHRunder 0.1%
• AptivAPTVunder 0.1%