Artemis Investment Management LLP portfolio

What changed this quarter

193 positions with a change (16 new, 79 added to, 69 trimmed, 29 sold). 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Microsoft+2,551%more sharesIncreased
  0.1% → 2.6%
• KeyCorp−1.5 ppof portfolioSold out
  1.6% → —
• Accenture+68%more sharesIncreased
  1.5% → 3.5%
• Deutsche Bank Aktiengesellschaft+242%more sharesIncreased
  0.4% → 1.6%
• Smurfit Westrock+720%more sharesIncreased
  0.2% → 1.2%
• Cognizant Technology Solutions+290%more sharesIncreased
  0.3% → 1.5%
• ConocoPhillips+1.0 ppof portfolioNew
  — → 1.0%
• Archer-Daniels-Midland+183%more sharesIncreased
  0.5% → 1.6%
• Lam Research−54%fewer sharesReduced
  2.5% → 0.8%
• Pfizer−51%fewer sharesReduced
  1.6% → 0.9%
• Meta Platforms+330%more sharesIncreased
  0.2% → 1.2%
• Vale−0.7 ppof portfolioSold out
  0.8% → —

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

• AccentureACN3.5%
• Cisco SystemsCSCO2.9%
• NVIDIANVDA2.8%
• MicrosoftMSFT2.6%
• Amazon.comAMZN1.8%
• AlphabetGOOGL1.7%
• AstrazenecaAZN1.7%
• Deutsche Bank AktiengesellschaftDB1.6%
• Archer-Daniels-MidlandADM1.6%
• Bank of Nova ScotiaBNS1.5%
• Bristol-myers SquibbBMY1.5%
• TwilioTWLO1.5%
• Cognizant Technology SolutionsCTSH1.5%
• Franklin ResourcesBEN1.4%
• General MotorsGM1.4%
• ATIATI1.4%
• Plains GP HoldingsPAGP1.4%
• SLBSLB1.3%
• First HorizonFHN1.3%
• J.b. Hunt Transport ServicesJBHT1.3%
• Citizens Financial GroupCFG1.2%
• Smurfit WestrockSW1.2%
• Jones Lang LaSalleJLL1.2%
• Meta PlatformsMETA1.2%
• Petrobras - Petroleo BrasileiroPBR1.2%
• BiogenBIIB1.1%
• Advanced Micro DevicesAMD1.1%
• Bank of New York MellonBNY1.1%
• AbbVieABBV1.1%
• AppleAAPL1.1%
• Targa ResourcesTRGP1.1%
• ConocoPhillipsCOP1.0%
• CraneCR1.0%
• Comfort Systems USAFIX0.9%
• PfizerPFE0.9%
• Elanco Animal HealthELAN0.9%
• Centerpoint EnergyCNP0.9%
• EverpureP0.9%
• Seagate Technology HoldingsSTX0.9%
• Parker-hannifinPH0.9%
• Lam ResearchLRCX0.8%
• Dell TechnologiesDELL0.8%
• Wintrust FinancialWTFC0.8%
• Venture GlobalVG0.8%
• Goldman Sachs GroupGS0.8%
• Eli LillyLLY0.8%
• Truist FinancialTFC0.8%
• NateraNTRA0.7%
• nVent ElectricNVT0.7%
• AtlassianTEAM0.7%
• BankUnitedBKU0.7%
• Diversified EnergyDEC0.7%
• Mizuho Financial GroupMFG0.7%
• WalmartWMT0.7%
• Freeport-McMoRanFCX0.7%
• IQVIA HoldingsIQV0.7%
• Cullen/Frost BankersCFR0.7%
• CredicorpBAP0.7%
• Quest DiagnosticsDGX0.7%
• Cardinal HealthCAH0.7%
• ONTO InnovationONTO0.7%
• AxogenAXGN0.7%
• First Industrial Realty TrustFR0.6%
• Bloom EnergyBE0.6%
• RepligenRGEN0.6%
• UnitedHealth GroupUNH0.6%
• EmbraerEMBJ0.6%
• CitigroupC0.6%
• Devon EnergyDVN0.6%
• HasbroHAS0.6%
• MongodbMDB0.6%
• Valley National BancorpVLY0.6%
• Lattice SemiconductorLSCC0.5%
• Applied MaterialsAMAT0.5%
• Sphere EntertainmentSPHR0.5%
• Lumentum HoldingsLITE0.5%
• Medpace HoldingsMEDP0.5%
• Thermo Fisher ScientificTMO0.5%
• Valero EnergyVLO0.5%
• AXON EnterpriseAXON0.5%
• Pagseguro DigitalPAGS0.5%
• Phillips 66PSX0.5%
• Hewlett Packard EnterpriseHPE0.5%
• Flutter EntertainmentFLUT0.5%
• HF SinclairDINO0.4%
• WayfairW0.4%
• Star Bulk CarriersSBLK0.4%
• Texas InstrumentsTXN0.4%
• CoherentCOHR0.4%
• CorningGLW0.4%
• DiodesDIOD0.4%
• Hudbay MineralsHBM0.4%
• Taiwan Semiconductor ManufacturingTSM0.4%
• Palomar HoldingsPLMR0.4%
• Globus MedicalGMED0.4%
• BroadcomAVGO0.3%
• FrontlineFRO0.3%
• CloudflareNET0.3%
• Synchrony FinancialSYF0.3%
• JPMorgan ChaseJPM0.3%