Bank Julius Baer & Co. Ltd, Zurich portfolio

What changed this quarter

529 positions with a change (56 new, 197 added to, 226 trimmed, 50 sold); also, 1 entered through an IPO. 2 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Microsoft+10%more sharesIncreased
  4.6% → 6.8%
• Applied Materials−26%fewer sharesReduced
  2.8% → 1.4%

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

• MicrosoftMSFT6.8%
• AlphabetGOOGL5.5%
• NVIDIANVDA5.4%
• AppleAAPL4.8%
• Meta PlatformsMETA4.2%
• State Str Spdr S&P 500 ETF TSPY3.1%
• BroadcomAVGO3.0%
• Eli LillyLLY2.7%
• Amazon.comAMZN2.4%
• Johnson & JohnsonJNJ2.0%
• JPMorgan ChaseJPM1.7%
• VisaV1.6%
• Applied MaterialsAMAT1.4%
• Taiwan Semiconductor ManufacturingTSM1.4%
• Lam ResearchLRCX1.4%
• Cisco SystemsCSCO1.3%
• MerckMRK1.2%
• MastercardMA1.2%
• Costco WholesaleCOST1.1%
• GE AerospaceGE1.1%
• CaterpillarCAT1.1%
• Procter & GamblePG1.1%
• NetflixNFLX1.1%
• WalmartWMT1.0%
• Exxon MobilXOM0.9%
• KLAKLAC0.9%
• Coca-ColaKO0.9%
• EatonETN0.8%
• Wells FargoWFC0.8%
• ConocoPhillipsCOP0.8%
• AstrazenecaAZN0.8%
• AmphenolAPH0.8%
• LindeLIN0.8%
• CME GroupCME0.8%
• iShares 7-10 Year Treasury B ETFIEF0.8%
• Micron TechnologyMU0.8%
• Invesco QQQ Trust Series 1 ETFQQQ0.8%
• Intuitive SurgicalISRG0.7%
• iShares 3-7 Year Treasury BO ETFIEI0.7%
• ProgressivePGR0.7%
• UBS GroupUBS0.7%
• Berkshire HathawayBRK/B0.7%
• Bank of AmericaBAC0.6%
• Arista NetworksANET0.6%
• Palo Alto NetworksPANW0.5%
• Palantir TechnologiesPLTR0.5%
• Hilton Worldwide HoldingsHLT0.5%
• Trane TechnologiesTT0.5%
• Charles SchwabSCHW0.4%
• TotalEnergiesTTE0.4%
• QualcommQCOM0.4%
• Markel GroupMKL0.4%
• Emerson ElectricEMR0.4%
• Automatic Data ProcessingADP0.4%
• Vertex PharmaceuticalsVRTX0.4%
• Gilead SciencesGILD0.4%
• AbbVieABBV0.4%
• Advanced Micro DevicesAMD0.4%
• AmetekAME0.4%
• Walt DisneyDIS0.4%
• Cadence Design SystemsCDNS0.4%
• Western DigitalWDC0.4%
• Morgan StanleyMS0.4%
• Abbott LaboratoriesABT0.3%
• Texas InstrumentsTXN0.3%
• UBER TechnologiesUBER0.3%
• ChevronCVX0.3%
• Dell TechnologiesDELL0.3%
• McDONALD’SMCD0.3%
• AlconALC0.3%
• FastenalFAST0.3%
• Arthur J. GallagherAJG0.3%
• TeradyneTER0.3%
• EOG ResourcesEOG0.3%
• FerrariRACE0.3%
• iShares Msci China ETFMCHI0.3%
• IsharesEWH0.3%
• SnowflakeSNOW0.3%
• Lumentum HoldingsLITE0.3%
• TJXTJX0.3%
• Marriott InternationalMAR0.3%
• NXP SemiconductorsNXPI0.3%
• T-mobile USTMUS0.3%
• ServiceNowNOW0.3%
• StrykerSYK0.2%
• Verizon CommunicationsVZ0.2%
• Nextera EnergyNEE0.2%
• OracleORCL0.2%
• Public StoragePSA0.2%
• MedtronicMDT0.2%
• NasdaqNDAQ0.2%
• WatersWAT0.2%
• GE VernovaGEV0.2%
• Comfort Systems USAFIX0.2%
• Moody'sMCO0.2%
• Southern Copper Corp/SCCO0.2%
• WabtecWAB0.2%
• Huntington BancsharesHBAN0.2%
• Keurig Dr PepperKDP0.2%
• Capital One FinancialCOF0.2%