Hengehold Capital Management portfolio

What changed this quarter

172 positions with a change (16 new, 67 added to, 75 trimmed, 14 sold). 4 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• iShares Ibonds DEC 2033 ETF+2.9 ppof portfolioNew
  — → 2.9%
• iShares Ibonds DEC 2028 ETF−98%fewer sharesReduced
  3.0% → 0.1%
• Invesco Bulletshares 2030 CB ETF+27%more sharesIncreased
  3.0% → 3.6%
• iShares Ultra Short Duration ETF−88%fewer sharesReduced
  0.8% → 0.1%

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

• Schwab US Broad Market ETFSCHB17.0%
• State Str Spdr S&P 500 ETF TSPY4.7%
• Procter & GamblePG4.6%
• Vanguard World FundMGK4.3%
• State Street SPDR Msci Acwi ETFCWI3.7%
• Invesco Bulletshares 2030 CB ETFBSCU3.6%
• iShares Core S&P 500 ETFIVV3.3%
• Invesco Bulletshares 2032 CB ETFBSCW3.0%
• Invesco Bulletshares 2031 CB ETFBSCV3.0%
• iShares Ibonds DEC 2033 ETFIBDY2.9%
• IsharesIEMG2.6%
• iShares Russell 2000 ETFIWM2.2%
• iShares Ibonds DEC 2029 Term ETFIBTJ1.9%
• Schwab US Large-cap ETFSCHX1.8%
• Schwab US DVD Equity ETFSCHD1.7%
• ETF SER SolutionsQTUM1.3%
• Vanguard Dividend Apprec ETFVIG1.2%
• AppleAAPL1.2%
• WisdomTree U.s. Quality Divi ETFDGRW1.1%
• MicrosoftMSFT1.1%
• Litman Gregory Funds TrDBMF1.1%
• Abrdn EtfsBCD1.0%
• First Trust Nasdaq Cybersecu ETFCIBR1.0%
• Sprott Asset ManagementPHYS1.0%
• iShares Ibonds DEC 2028 Muni ETFIBMQ0.9%
• IsharesPICK0.9%
• Invesco Bulletshares 2028 CB ETFBSCS0.8%
• Invesco Bulletshares 2027 CB ETFBSCR0.7%
• NVIDIANVDA0.7%
• Invesco Bulletshares 2026 CB ETFBSCQ0.7%
• JPMorgan ChaseJPM0.7%
• United Parcel ServiceUPS0.6%
• BroadcomAVGO0.6%
• Schwab International Equity ETFSCHF0.6%
• Schwab Fndmn International LRG Co ETFFNDF0.6%
• Tema ETF TrustVOLT0.6%
• AbbVieABBV0.6%
• Johnson & JohnsonJNJ0.5%
• Schwab US Aggregate Bond ETFSCHZ0.5%
• Vanguard Mrngstar GR ETF-sui ETFVUG0.5%
• AlphabetGOOG · GOOGL0.5%
• First Tr Exchange Traded FundTDIV0.5%
• ChevronCVX0.5%
• Invesco Bulletshares 2029 CB ETFBSCT0.5%
• Exxon MobilXOM0.5%
• iShares Core S&P Midcap ETFIJH0.5%
• Schwab US Large-cap Growth ETFSCHG0.5%
• STE Str SPDR PT S&P 500 ETFSPYM0.5%
• BlackRockBLK0.4%
• MerckMRK0.4%
• Prudential FinancialPRU0.4%
• US Bancorp \de\USB0.4%
• Verizon CommunicationsVZ0.4%
• Amazon.comAMZN0.3%
• PNC Financial Services GroupPNC0.3%
• American Financial GroupAFG0.3%
• SouthernSO0.3%
• WalmartWMT0.3%
• McDONALD’SMCD0.3%
• Lockheed MartinLMT0.3%
• Plains All American PipelinePAA0.3%
• iShares Msci Eafe ETFEFA0.3%
• MedtronicMDT0.3%
• PfizerPFE0.3%
• PepsicoPEP0.3%
• CumminsCMI0.3%
• Vanguard S&P 500 ETFVOO0.2%
• SPDR Gold Shares ETFGLD0.2%
• Cincinnati FinancialCINF0.2%
• Schwab Emrg Mrkts Eqty ETFSCHE0.2%
• Invesco S&P 500 Momentum ETFSPMO0.2%
• Home DepotHD0.2%
• Ferguson EnterprisesFERG0.2%
• Emerson ElectricEMR0.2%
• iShares 5-10y INV Grade ETFIGIB0.2%
• iShares National Muni Bond E ETFMUB0.2%
• iShares S&P 100 ETFOEF0.2%
• Berkshire HathawayBRK/B0.2%
• ComcastCMCSA0.2%
• Meta PlatformsMETA0.2%
• Schwab U.s. Tips ETFSCHP0.1%
• State Street SPDR BB 1-3m T-bill ETFBIL0.1%
• ProShares S&P 500 Dividend A ETFNOBL0.1%
• Schwab Fndmntl EM MRK Eq ETFFNDE0.1%
• CintasCTAS0.1%
• Invesco QQQ Trust Series 1 ETFQQQ0.1%
• Eli LillyLLY0.1%
• Vanguard Index FundsVTI0.1%
• GE AerospaceGE0.1%
• Fifth Third BancorpFITB0.1%
• IntelINTC0.1%
• GE VernovaGEV0.1%
• iShares Ultra Short Duration ETFICSH0.1%
• iShares International Select ETFIDV0.1%
• VisaV0.1%
• Vanguard Real Estate ETFVNQ0.1%
• KrogerKR0.1%
• State Street SPDR Msci U Stratfact ETFQUS0.1%
• iShares Yield Optimized Bond ETFBYLD0.1%