J.Safra Asset Management portfolio

What changed this quarter

436 positions with a change (38 new, 268 added to, 77 trimmed, 53 sold); also, 2 entered through an IPO. 4 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• State Street Technology Select Sector ETF+11%more sharesIncreased
  12.2% → 13.2%
• State Street SPDR S&P Biotech ETF+0.9 ppof portfolioNew
  — → 0.9%
• State Street Health Care Select Sector ETF−27%fewer sharesReduced
  3.3% → 2.4%
• State Street Energy Select Sector ETF−12%fewer sharesReduced
  4.0% → 3.8%

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 Street Technology Select Sector ETFXLK13.2%
• Invesco QQQ Trust Series 1 ETFQQQ12.3%
• iShares Russell 1000 Growth ETFIWF7.1%
• State Street Financial Select Sector ETFXLF6.3%
• Listed Funds TrMAGS5.0%
• iShares Msci All Country ASI ETFAAXJ4.6%
• State Street Comm Select Sector SPDR ETFXLC4.4%
• Vanguard International Equity Index FVEU4.0%
• State Street Energy Select Sector ETFXLE3.8%
• State Street Industrial Select Sector ETFXLI2.5%
• State Street SPDR S&P Dividend ETFSDY2.5%
• State Street Health Care Select Sector ETFXLV2.4%
• Invesco Exchange Traded Fund TRSP2.1%
• Spinnaker ETF SeriesEUAD1.9%
• NVIDIANVDA1.6%
• Vaneck ETF TrustPPH1.6%
• SPDR Gold Shares ETFGLD1.5%
• AlphabetGOOG · GOOGL1.4%
• Global X Copper Miners ETFCOPX1.2%
• State Street SPDR S&P Biotech ETFXBI0.9%
• MicrosoftMSFT0.9%
• State Street Materials Select Sector ETFXLB0.9%
• AppleAAPL0.8%
• iShares JP Morgan USD Emergi ETFEMB0.7%
• Vaneck ETF TrustSMH0.7%
• Ishares TrHYG0.6%
• Vanguard S&P 500 ETFVOO0.6%
• iShares Ustechnology ETFIYW0.6%
• State Str Spdr S&P 500 ETF TSPY0.5%
• Taiwan Semiconductor ManufacturingTSM0.5%
• Amazon.comAMZN0.4%
• Morgan Stanley ETF TrustEVLN0.4%
• Meta PlatformsMETA0.4%
• Eli LillyLLY0.4%
• State Street SPDR BB 1-3m T-bill ETFBIL0.3%
• Vaneck ETF TrustITM0.3%
• BlackRock ETF Trust IIHIMU0.3%
• Janus Henderson AAA CLO ETFJAAA0.3%
• Micron TechnologyMU0.3%
• Advanced Micro DevicesAMD0.3%
• BroadcomAVGO0.3%
• iShares Core U.s. Aggregate ETFAGG0.2%
• JPMorgan ChaseJPM0.2%
• Invesco Senior Loan ETFBKLN0.2%
• VisaV0.2%
• TeslaTSLA0.2%
• Vanguard S/t Corp Bond ETFVCSH0.2%
• Ishares TrLQD0.2%
• Seagate Technology HoldingsSTX0.2%
• Western DigitalWDC0.2%
• Space Exploration TechnologiesSPCX0.2%
• Philip Morris InternationalPM0.2%
• Vaneck ETF TrustBIZD0.1%
• iShares Russell 1000 ETFIWB0.1%
• FLEXFLEX0.1%
• J P Morgan Exchange Traded FundJEPQ0.1%
• CarvanaCVNA0.1%
• AppLovinAPP0.1%
• Ssga Active ETF TrSRLN0.1%
• Cerebras SystemsCBRS0.1%
• Tidal Trust IICHAT0.1%
• J P Morgan Exchange Traded FundJEPI0.1%
• Nushares ETF TrNULG0.1%
• Exxon MobilXOM0.1%
• Analog DevicesADI0.1%
• Cisco SystemsCSCO0.1%
• UnitedHealth GroupUNH0.1%
• CelesticaCLS0.1%
• Dell TechnologiesDELL0.1%
• Fidelity Msci Cons Discr IND ETFFDIS0.1%
• ChevronCVX0.1%
• iShares Gold Trust ETFIAU0.1%
• British American Tobacco p.l.c.BTI0.1%
• UBS GroupUBS0.1%
• SAPSAP0.1%
• AbbVieABBV0.1%
• AXON EnterpriseAXON0.1%
• iShares Core S&P 500 ETFIVV0.1%
• Arista NetworksANET0.1%
• Calamos Autocallable Inc ETFCAIE0.1%
• Palo Alto NetworksPANW0.1%
• iShares ESG Aware 1-5 Year U ETFSUSB0.1%
• Lam ResearchLRCX0.1%
• ASML HoldingASML0.1%
• CloudflareNET0.1%
• SK hynixSKHY0.1%
• EatonETN0.1%
• AmgenAMGN0.1%
• Palantir TechnologiesPLTR0.1%
• Motorola SolutionsMSI0.1%
• SeaSE0.1%
• Astera LabsALAB0.1%
• KLAKLAC0.1%
• ShopifySHOP0.1%
• MastercardMA0.1%
• State Street SPDR S&P 500 ESG ETFEFIV0.1%
• Delta Air LinesDAL0.1%
• Golar LNGGLNG0.1%
• IntelINTC0.1%