Beacon Capital Management portfolio

What changed this quarter

89 positions with a change (21 new, 24 added to, 30 trimmed, 14 sold); also, 1 entered through an IPO. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Northern LTS Fund Tr II−1.7 ppof portfolioSold out
  1.7% → —
• Vanguard Communication Servi ETF−28%fewer sharesReduced
  5.2% → 4.0%
• Vanguard Utilities ETF−30%fewer sharesReduced
  5.4% → 3.5%
• Vanguard Intermediate-term B ETF−50%fewer sharesReduced
  2.4% → 1.2%
• Pimco Enhanced Low Duration ETF−1.1 ppof portfolioSold out
  1.1% → —
• Vanguard Financials ETF+30%more sharesIncreased
  3.8% → 5.1%
• Vanguard Long-term Bond ETF−50%fewer sharesReduced
  2.4% → 1.1%
• Vanguard S/t Corp Bond ETF+78%more sharesIncreased
  1.1% → 1.9%
• Vanguard Short-term Treasury ETF+77%more sharesIncreased
  1.1% → 1.9%
• Vanguard Short-term Tips ETF+35%more sharesIncreased
  2.2% → 3.0%
• State Street SPDR BB IG Float RT ETF+51%more sharesIncreased
  1.4% → 2.2%
• Victory Portfolios II+0.5 ppof portfolioNew
  — → 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

• Invesco QQQ Trust Series 1 ETFQQQ7.1%
• Vanguard Info Tech ETFVGT6.3%
• State Str Spdr S&P 500 ETF TSPY6.3%
• Vanguard Energy ETFVDE6.2%
• Vanguard Health Care ETFVHT5.8%
• Vanguard Industrials ETFVIS5.4%
• Vanguard Materials ETFVAW5.2%
• Vanguard Financials ETFVFH5.1%
• Vanguard Consumer Staple ETFVDC4.9%
• Vanguard Real Estate ETFVNQ4.9%
• Vanguard Communication Servi ETFVOX4.0%
• Vanguard Consumer Discre ETFVCR3.6%
• Vanguard Utilities ETFVPU3.5%
• Vanguard Short-term Tips ETFVTIP3.0%
• State Street SPDR BB IG Float RT ETFFLRN2.2%
• Vanguard Short-term Treasury ETFVGSH1.9%
• Vanguard S/t Corp Bond ETFVCSH1.9%
• Northern LTS Fund Tr IIBSR1.9%
• Victory Portfolios IIVFLO · GFLW1.9%
• Northern LTS Fund Tr II1.6%
• STE Str SPDR PT S&P 500 ETFSPYM1.5%
• State Street SPDR P S&P 1500 Comp ETFSPTM1.5%
• Vanguard Short-term Bond ETFBSV1.3%
• Vanguard Intermediate-term B ETFBIV1.2%
• Vanguard Long-term Bond ETFBLV1.1%
• T Rowe Price Exchange-tradedTMSL1.0%
• Pimco Multisector Bond Actv ETFPYLD1.0%
• State Street SPDR BB 1-3m T-bill ETFBIL1.0%
• Simplify Managed Futures St ETFCTA1.0%
• Invesco Exchange Traded Fund TRSP0.9%
• EA Series TrustROE0.8%
• SPDR Gold Shares ETFGLD0.5%
• WisdomTree BBG USD Bullish ETFUSDU0.5%
• State Street SPDR Prtfo Nasdaq 100 ETFQNDX0.5%
• Angel OAK Income ETFCARY0.5%
• Litman Gregory Funds TrDBMF0.3%
• Invesco Optimum Yield Divers ETFPDBC0.3%
• Invesco S&P 500 Momentum ETFSPMO0.2%
• Invesco Exchange Traded Fund TXSMO0.2%
• State Street Technology Select Sector ETFXLK0.2%
• Capital GRP Fixed Incm ETF TCGMU0.2%
• Pimco Intermediate Municipal ETFMUNI0.2%
• State Street Financial Select Sector ETFXLF0.2%
• Spdr Series TrustBILS0.2%
• State Street Consumer Disc Select Sect ETFXLY0.1%
• State Street Industrial Select Sector ETFXLI0.1%
• Kraneshares MT LC MN FT ID S ETFKMLM0.1%
• Invesco Nasdaq 100 ETFQQQM0.1%
• First Trust Managed Futures ETFFMF0.1%
• State Street Energy Select Sector ETFXLE0.1%
• Reaves Util Income FundUTG0.1%
• Cohen & Steers Real Estate ORLTY0.1%
• Cohen & Steers InfrastructurUTF0.1%
• Cohen & Steers Quality IncomRQI0.1%
• State Street Materials Select Sector ETFXLB0.1%
• AppleAAPLunder 0.1%
• Prosh Ultrapro Short S&P 500 ETFSPXUunder 0.1%
• Bondbloxx ETF TrustXSVNunder 0.1%
• Bondbloxx ETF TrustXTENunder 0.1%
• First Tr Exchange-traded FundACYNunder 0.1%
• BoeingBAunder 0.1%
• Doubleline ETF TrustDABSunder 0.1%
• Janus Henderson AAA CLO ETFJAAAunder 0.1%
• Cisco SystemsCSCOunder 0.1%
• Bondbloxx ETF TrustXONEunder 0.1%
• Pimco Senior Loan Active ETFLONZunder 0.1%
• Invesco Actively Managed EXCGSYunder 0.1%
• iShares Sh DBA ETF USDNEARunder 0.1%
• iShares 5-10y INV Grade ETFIGIBunder 0.1%
• BNY Mellon ETF TrustBKHYunder 0.1%
• ProShares Ultra S&p500 ETFSSOunder 0.1%
• Invesco Exchange Traded Fund TPSPunder 0.1%
• ProShares Ultra QQQ ETFQLDunder 0.1%
• Invesco DB Commdy Indx TrckDBCunder 0.1%
• Vanguard Extended DUR Treas ETFEDVunder 0.1%
• State Street SPDR P AGG Bond ETFSPABunder 0.1%
• Invesco Exchange Traded Fund TPWVunder 0.1%
• Invesco Exchange Traded Fund TXSVMunder 0.1%
• Phillips EdisonPECOunder 0.1%
• State Street SPDR BB High Yield Bond ETFJNKunder 0.1%
• Invesco Exchange Traded Fund TXMVMunder 0.1%
• State Street SPDR BB International Treasury BD ETFBWXunder 0.1%
• Invesco Exchange Traded Fund TXMMOunder 0.1%
• State Street SPDR P Tips ETFSPIPunder 0.1%
• Invesco Exchange Traded Fund TPWBunder 0.1%
• State Street SPDR DOW Jones Reit ETFRWRunder 0.1%
• State Street SPDR DOW Jones ETFRWXunder 0.1%
• McCORMICKMKC/Vunder 0.1%
• iShares Silver Trust ETFSLVunder 0.1%
• Space Exploration TechnologiesSPCXunder 0.1%
• Amazon.comAMZNunder 0.1%
• Schwab US Large-cap Growth ETFSCHGunder 0.1%
• Cousins PropertiesCUZunder 0.1%
• BroadcomAVGOunder 0.1%
• Inventrust PropertiesIVTunder 0.1%
• IsharesEWZunder 0.1%
• IsharesEWWunder 0.1%
• iShares 1-5y INV Grade ETFIGSBunder 0.1%
• IsharesEWMunder 0.1%