Capital Wealth Planning portfolio

What changed this quarter

150 positions with a change (17 new, 77 added to, 40 trimmed, 16 sold); also, 1 entered through an IPO, 1 entered through a spin-off. 8 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• NVIDIA+326%more sharesIncreased
  0.6% → 2.5%
• Freeport-McMoRan+116,823%more sharesIncreased
  under 0.1% → 1.7%
• Archer-Daniels-Midland+1.6 ppof portfolioNew
  — → 1.6%
• RTX−32%fewer sharesReduced
  4.9% → 3.0%
• Medtronic−99.9%fewer sharesReduced
  1.7% → under 0.1%
• CME Group+41%more sharesIncreased
  3.7% → 3.6%
• Home Depot−25%fewer sharesReduced
  4.0% → 2.9%
• Visa−22%fewer sharesReduced
  3.9% → 3.1%

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

• CaterpillarCAT6.4%
• AppleAAPL5.2%
• Goldman Sachs GroupGS5.1%
• MicrosoftMSFT4.8%
• JPMorgan ChaseJPM4.7%
• American ExpressAXP4.1%
• AmgenAMGN3.7%
• TJXTJX3.6%
• CME GroupCME3.6%
• ChevronCVX3.6%
• International Business MachinesIBM3.3%
• VisaV3.1%
• MerckMRK3.0%
• WalmartWMT3.0%
• RTXRTX3.0%
• Home DepotHD2.9%
• McDONALD’SMCD2.6%
• NVIDIANVDA2.5%
• Coca-ColaKO2.4%
• State Street SPDR BB 1-3m T-bill ETFBIL2.3%
• FedExFDX2.2%
• Marathon PetroleumMPC2.0%
• Agnico Eagle MinesAEM2.0%
• Norfolk SouthernNSC1.9%
• Duke EnergyDUK1.8%
• Amplify Samsung Sofr ETFSOFR1.8%
• Freeport-McMoRanFCX1.7%
• Archer-Daniels-MidlandADM1.6%
• Verizon CommunicationsVZ0.9%
• Invesco QQQ Trust Series 1 ETFQQQ0.5%
• FedEx Freight HoldingFDXF0.5%
• AlphabetGOOGL0.5%
• FastenalFAST0.4%
• Taiwan Semiconductor ManufacturingTSM0.4%
• Amazon.comAMZN0.3%
• BroadcomAVGO0.3%
• Eli LillyLLY0.2%
• TeslaTSLA0.2%
• State Str Spdr S&P 500 ETF TSPY0.2%
• Bank of MontrealBMO0.2%
• ASML HoldingASML0.2%
• Meta PlatformsMETA0.2%
• Mitsubishi UFJ Financial GroupMUFG0.2%
• AstrazenecaAZN0.2%
• Advanced Micro DevicesAMD0.2%
• Sumitomo Mitsui Financial GroupSMFG0.2%
• America Movil SAB De Cv/AMX0.2%
• Micron TechnologyMU0.2%
• British American Tobacco p.l.c.BTI0.2%
• CamecoCCJ0.2%
• Southern Copper Corp/SCCO0.2%
• Fomento Economico Mexicano SFMX0.2%
• Vodafone Group PublicVOD0.2%
• ASE Technology HoldingASX0.1%
• NutrienNTR0.1%
• TEVA Pharmaceutical IndustriesTEVA0.1%
• EnbridgeENB0.1%
• Alibaba Group HoldingBABA0.1%
• Cisco SystemsCSCO0.1%
• Imperial OilIMO0.1%
• Anheuser-Busch InBevBUD0.1%
• Banco Bilbao Vizcaya ArgentariaBBVA0.1%
• BaiduBIDU0.1%
• Banco SantanderSAN0.1%
• NovartisNVS0.1%
• RIO TintoRIO0.1%
• BarclaysBCS0.1%
• Lam ResearchLRCX0.1%
• Eni SpAE0.1%
• IntelINTC0.1%
• NeteaseNTES0.1%
• Shinhan Financial GroupSHG0.1%
• ArcelorMittalMT0.1%
• AbbVieABBV0.1%
• Itau Unibanco HoldingITUB0.1%
• Macro BankBMA0.1%
• YPF Sociedad AnonimaYPF0.1%
• NetflixNFLX0.1%
• Wheaton Precious MetalsWPM0.1%
• Costco WholesaleCOST0.1%
• Grupo CibestCIB0.1%
• Companhia De Saneamento Basico DO Estado De SAO Paulo-sabespSBS0.1%
• Applied MaterialsAMAT0.1%
• LATAM Airlines GroupLTM0.1%
• Raymond James FinancialRJF0.1%
• UnileverUL0.1%
• Altria GroupMO0.1%
• GE VernovaGEV0.1%
• Canadian Pacific Kansas CityCP0.1%
• Palo Alto NetworksPANW0.1%
• Telecom ArgentinaTEO0.1%
• AllstateALL0.1%
• TenarisTS0.1%
• SasolSSL0.1%
• LindeLIN0.1%
• Cemex SAB De CVCX0.1%
• HasbroHAS0.1%
• Steel DynamicsSTLD0.1%
• Palantir TechnologiesPLTR0.1%
• TotalEnergiesTTEunder 0.1%