Healthcare of Ontario Pension Plan Trust Fund portfolio

What changed this quarter

1221 positions with a change (182 new, 331 added to, 462 trimmed, 246 sold); also, 24 entered through an IPO, 24 exited through an acquisition or merger, 45 entered through a spin-off. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• State Str Spdr S&P 500 ETF T−83%fewer sharesReduced
  2.8% → 0.5%
• iShares Expanded Tech-softwa ETF+1,338%more sharesIncreased
  0.1% → 1.5%
• Apple−34%fewer sharesReduced
  3.2% → 2.1%
• NVIDIA+17%more sharesIncreased
  5.5% → 6.3%
• Nebius Group+0.8 ppof portfolioNew
  — → 0.8%
• Goldman Sachs Group+293%more sharesIncreased
  0.3% → 1.0%
• Vaneck ETF Trust+820%more sharesIncreased
  0.1% → 0.9%
• JPMorgan Chase−23%fewer sharesReduced
  3.4% → 2.5%
• Meta Platforms−43%fewer sharesReduced
  1.8% → 0.9%
• AbbVie−89%fewer sharesReduced
  0.8% → 0.1%
• Applied Materials+125%more sharesIncreased
  0.3% → 1.1%
• iShares Semiconductor ETF+108%more sharesIncreased
  0.3% → 1.1%

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

• NVIDIANVDA6.3%
• iShares Core S&P 500 ETFIVV2.9%
• AlphabetGOOGL · GOOG2.5%
• JPMorgan ChaseJPM2.5%
• iShares Russell 2000 ETFIWM2.4%
• State Street SPDR S&P Biotech ETFXBI2.1%
• AppleAAPL2.1%
• Invesco QQQ Trust Series 1 ETFQQQ2.1%
• Canadian Natural ResourcesCNQ1.7%
• iShares Expanded Tech-softwa ETFIGV1.5%
• MicrosoftMSFT1.4%
• KLAKLAC1.4%
• BroadcomAVGO1.3%
• TeslaTSLA1.2%
• State Street SPDR S&P Retail ETFXRT1.2%
• iShares Semiconductor ETFSOXX1.1%
• State Street SPDR S&P Regional Bank ETFKRE1.1%
• Applied MaterialsAMAT1.1%
• Micron TechnologyMU1.1%
• Bank of MontrealBMO1.1%
• Goldman Sachs GroupGS1.0%
• Advanced Micro DevicesAMD1.0%
• Toronto Dominion BankTD1.0%
• WalmartWMT0.9%
• Royal Bank of CanadaRY0.9%
• Amazon.comAMZN0.9%
• Meta PlatformsMETA0.9%
• Vaneck ETF TrustSMH0.9%
• Bank of Nova ScotiaBNS0.8%
• Nebius GroupNBIS0.8%
• Bank of AmericaBAC0.8%
• NetflixNFLX0.7%
• Canadian Imperial Bank of CommerceCM0.7%
• Cisco SystemsCSCO0.7%
• Manulife FinancialMFC0.6%
• UnitedHealth GroupUNH0.6%
• Morgan StanleyMS0.6%
• Lam ResearchLRCX0.5%
• Nextera EnergyNEE0.5%
• State Str Spdr S&P 500 ETF TSPY0.5%
• Costco WholesaleCOST0.5%
• American ExpressAXP0.5%
• MastercardMA0.5%
• BrookfieldBN0.4%
• CitigroupC0.4%
• MedlineMDLN0.4%
• IntelINTC0.4%
• Invesco Exchange Traded Fund TRSP0.4%
• SouthernSO0.4%
• Western DigitalWDC0.4%
• Marvell TechnologyMRVL0.4%
• Texas InstrumentsTXN0.4%
• State Street Industrial Select Sector ETFXLI0.4%
• Suncor EnergySU0.3%
• Seagate Technology HoldingsSTX0.3%
• ASML HoldingASML0.3%
• CrowdStrike HoldingsCRWD0.3%
• State Street SPDR S&P OG EXP & Prod ETFXOP0.3%
• Booking HoldingsBKNG0.3%
• Analog DevicesADI0.3%
• LegenceLGN0.3%
• iShares Russell 2000 Growth ETFIWO0.3%
• Home DepotHD0.3%
• Space Exploration TechnologiesSPCX0.3%
• PDD HoldingsPDD0.3%
• Lowe'sLOW0.3%
• NXP SemiconductorsNXPI0.3%
• LindeLIN0.3%
• Exxon MobilXOM0.3%
• Automatic Data ProcessingADP0.3%
• Arista NetworksANET0.2%
• S&P GlobalSPGI0.2%
• Charles SchwabSCHW0.2%
• AmphenolAPH0.2%
• Microchip TechnologyMCHP0.2%
• PepsicoPEP0.2%
• Intuitive SurgicalISRG0.2%
• State Street Technology Select Sector ETFXLK0.2%
• TJXTJX0.2%
• QualcommQCOM0.2%
• Digital Realty TrustDLR0.2%
• CaterpillarCAT0.2%
• Constellation EnergyCEG0.2%
• BlackstoneBX0.2%
• Marriott InternationalMAR0.2%
• IRENIREN0.2%
• iShares Biotechnology ETFIBB0.2%
• SemtechSMTC0.2%
• Cipher DigitalCIFR0.2%
• Gilead SciencesGILD0.2%
• Berkshire HathawayBRK/B0.2%
• ShopifySHOP0.2%
• Ameriprise FinancialAMP0.2%
• Howmet AerospaceHWM0.2%
• WelltowerWELL0.2%
• Motorola SolutionsMSI0.2%
• Ishares TrHYG0.2%
• PrologisPLD0.2%
• VICI PropertiesVICI0.2%