Angeles Investment Advisors portfolio

What changed this quarter

21 positions with a change (7 new, 8 added to, 6 trimmed). 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Vanguard S&P 500 ETF−12%fewer sharesReduced
  55.3% → 49.7%
• iShares Russell 2000 ETF−98%fewer sharesReduced
  5.1% → 0.1%
• Vanguard Ultra Short Bond ET ETF+4.5 ppof portfolioNew
  — → 4.5%
• iShares Msci Eafe Value ETF+2.2 ppof portfolioNew
  — → 2.2%
• Vanguard International Equity Index F+44,102%more sharesIncreased
  under 0.1% → 2.1%
• Vanguard World Fund−96%fewer sharesReduced
  2.0% → 0.1%
• Ishares−69%fewer sharesReduced
  2.8% → 0.9%
• State Street Energy Select Sector ETF+1.4 ppof portfolioNew
  — → 1.4%
• American Centy ETF Tr+0.9 ppof portfolioNew
  — → 0.9%
• Ishares+0.8 ppof portfolioNew
  — → 0.8%
• State Street SPDR BB St HI Yield ETF+0.7 ppof portfolioNew
  — → 0.7%
• Vanguard Mortgage-backed Sec ETF−22%fewer sharesReduced
  3.4% → 2.5%

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 S&P 500 ETFVOO49.7%
• Vanguard Total International Stock ETFVXUS14.4%
• Vanguard S/t Corp Bond ETFVCSH4.7%
• Vanguard Ultra Short Bond ET ETFVUSB4.5%
• TCW ETF TrustVOTE4.4%
• Vanguard Mortgage-backed Sec ETFVMBS2.5%
• iShares Msci Eafe Value ETFEFV2.2%
• Vanguard International Equity Index FVPL2.1%
• Vanguard ESG US Stock ETFESGV2.0%
• State Street Energy Select Sector ETFXLE1.4%
• Vanguard International Equity Index FVT1.3%
• Vanguard ESG International Stock ETFVSGX1.2%
• Vanguard High DVD Yield ETFVYM1.2%
• American Centy ETF TrAVDV0.9%
• IsharesIEMG0.9%
• IsharesEWJ0.8%
• State Street SPDR BB St HI Yield ETFSJNK0.7%
• Vanguard Int High DVD YLD In ETFVYMI0.6%
• Vanguard Mrngstar GR ETF-sui ETFVUG0.6%
• iShares International Select ETFIDV0.5%
• Vanguard International Equity Index FVWO0.5%
• iShares Msci Eafe ETFEFA0.5%
• Everus Construction GroupECG0.4%
• Knife RiverKNF0.3%
• MDU Resources GroupMDU0.3%
• Vanguard Mrngstr Val ETF-aui ETFVTV0.3%
• Dimensional ETF TrustDFSI0.3%
• Vanguard Total Treasury ETFVTG0.2%
• Vanguard Ftse Developed ETFVEA0.1%
• iShares Msci Eafe Growth ETFEFG0.1%
• iShares Msci Acwi ETFACWI0.1%
• iShares Russell 2000 ETFIWM0.1%
• Vanguard International Equity Index FVGK0.1%
• Vanguard World FundMGK0.1%
• Vanguard Govt Sec Active ETFVGVTunder 0.1%
• PepsicoPEPunder 0.1%
• iShares National Muni Bond E ETFMUBunder 0.1%
• iShares Preferred & Income S ETFPFFunder 0.1%