Oxbow Advisors portfolio

What changed this quarter

166 positions with a change (33 new, 95 added to, 23 trimmed, 15 sold); also, 1 entered through an IPO, 1 entered through a spin-off. 6 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Prosperity Bancshares−1.6 ppof portfolioSold out
  1.7% → —
• Vanguard Instl Index Fund+8.2%more sharesIncreased
  14.7% → 15.2%
• Nutrien−0.9 ppof portfolioSold out
  1.0% → —
• Franco Nevada+97%more sharesIncreased
  0.7% → 1.2%
• iShares Gold Trust ETF+14%more sharesIncreased
  5.1% → 4.8%
• Gildan Activewear−0.5 ppof portfolioSold out
  0.5% → —

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 Instl Index FundVBIL15.2%
• iShares Gold Trust ETFIAU4.8%
• Enterprise Products PartnersEPD4.1%
• AlphabetGOOG2.5%
• AppleAAPL2.5%
• Alps ETF TrAMLP2.1%
• MPLXMPLX2.0%
• MicrosoftMSFT1.9%
• Boeing(preferred)1.4%
• Moody'sMCO1.3%
• Agnico Eagle MinesAEM1.2%
• Franco NevadaFNV1.2%
• ChevronCVX1.1%
• VisaV1.1%
• MastercardMA1.1%
• Royal GoldRGLD1.0%
• Omega Healthcare InvestorsOHI1.0%
• Wheaton Precious MetalsWPM1.0%
• Cheniere EnergyLNG1.0%
• UGIUGI1.0%
• Johnson & JohnsonJNJ0.9%
• Energy TransferET0.9%
• BHP GroupBHP0.9%
• Exxon MobilXOM0.9%
• Expedia GroupEXPE0.8%
• Plains GP HoldingsPAGP0.8%
• Matador ResourcesMTDR0.7%
• SPDR Gold Shares ETFGLD0.7%
• Arch Capital GroupACGL0.7%
• Monster BeverageMNST0.7%
• CortevaCTVA0.7%
• Booking HoldingsBKNG0.7%
• ETF SER SolutionsDSTL0.6%
• CVR PartnersUAN0.6%
• ConocoPhillipsCOP0.6%
• AstrazenecaAZN0.6%
• Hecla MiningHL0.6%
• Petrobras - Petroleo BrasileiroPBR0.6%
• AirbnbABNB0.6%
• Almonty IndustriesALM0.6%
• SLBSLB0.6%
• McDONALD’SMCD0.6%
• VICI PropertiesVICI0.6%
• RIO TintoRIO0.6%
• MascoMAS0.6%
• iShares Silver Trust ETFSLV0.6%
• VerisignVRSN0.6%
• Mettler-Toledo InternationalMTD0.6%
• McKESSONMCK0.5%
• O Reilly AutomotiveORLY0.5%
• MSCIMSCI0.5%
• EOG ResourcesEOG0.5%
• OR RoyaltiesOR0.5%
• FortinetFTNT0.5%
• AbbVieABBV0.5%
• iShares 1-3 Year Treasury BO ETFSHY0.5%
• Antero ResourcesAR0.5%
• ULTA BeautyULTA0.5%
• CaterpillarCAT0.5%
• Kimbell Royalty PartnersKRP(unit)0.5%
• Cigna GroupCI0.5%
• Suncor EnergySU0.5%
• Freeport-McMoRanFCX0.5%
• Kinder MorganKMI0.5%
• ResMedRMD0.5%
• Vaneck ETF TrustGDXJ0.4%
• UBER TechnologiesUBER0.4%
• National Energy Services ReunitedNESR0.4%
• CF Industries HoldingsCF0.4%
• Core Natural ResourcesCNR0.4%
• Medpace HoldingsMEDP0.4%
• Royalty PharmaRPRX0.4%
• VALEVALE0.4%
• TransoceanRIG0.4%
• NobleNE0.4%
• American Electric PowerAEP0.4%
• Archer-Daniels-MidlandADM0.4%
• Union PacificUNP0.4%
• NovartisNVS0.4%
• iShares Treasury Floating RA ETFTFLO0.4%
• Vaneck ETF TrustGDX0.4%
• AmgenAMGN0.3%
• EvergyEVRG0.3%
• Pacer US Cash Cows Growth ETFBUL0.3%
• WisdomTree U.s. Quality Divi ETFDGRW0.3%
• Cadence Design SystemsCDNS0.3%
• Invesco Exchange Traded Fund TRSP0.3%
• IdexIEX0.3%
• DTE EnergyDTE0.3%
• Yum! BrandsYUM0.3%
• BKVBKV0.3%
• SEI InvestmentsSEIC0.3%
• Colgate-palmoliveCL0.3%
• Vanguard S&P 500 ETFVOO0.3%
• Williams CompaniesWMB0.3%
• Advanced Drainage SystemsWMS0.3%
• Southern Copper Corp/SCCO0.3%
• PrimericaPRI0.3%
• US Bancorp \de\USB0.3%
• Energy FuelsUUUU0.3%