Focused Wealth Management portfolio

What changed this quarter

209 positions with a change (22 new, 106 added to, 56 trimmed, 25 sold); also, 1 entered through an IPO.

No moves of 0.5 points of the portfolio or more.

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

• State Street SPDR P S&P 500 Growth ETFSPYG16.5%
• Vanguard Mrngstr Val ETF-aui ETFVTV13.7%
• Invesco QQQ Trust Series 1 ETFQQQ12.2%
• Vanguard Int-term Corporate ETFVCIT4.8%
• AppleAAPL3.3%
• Vanguard International Equity Index FVWO3.1%
• Vanguard High DVD Yield ETFVYM2.9%
• AlphabetGOOGL · GOOG2.1%
• Vanguard Int Div APP Indx FundVIGI1.9%
• NVIDIANVDA1.8%
• Vanguard Most Sm-cap ETF-usd ETFVB1.5%
• State Street Financial Select Sector ETFXLF1.5%
• Vanguard Total Bond Market ETFBND1.4%
• iShares Expanded Tech-softwa ETFIGV1.4%
• Janus Henderson Mortg Backed ETFJMBS1.4%
• Vanguard World FundMGK1.4%
• iShares 0-3 Month Treasury B ETFSGOV1.3%
• Invesco Exchange Traded Fund TRSP1.3%
• Vanguard Info Tech ETFVGT1.3%
• Amazon.comAMZN1.2%
• BlackRock ETF Trust IIHIMU1.2%
• IsharesEMXC1.2%
• MicrosoftMSFT0.9%
• TeslaTSLA0.8%
• Meta PlatformsMETA0.8%
• CitigroupC0.6%
• Vanguard Russell 1000 Value ETFVONV0.5%
• Eaton Vance Tax-managed GlobETW0.5%
• J P Morgan Exchange Traded FundJEPI0.5%
• BlackstoneBX0.5%
• JPMorgan ChaseJPM0.5%
• Berkshire HathawayBRK/B0.5%
• CaterpillarCAT0.5%
• Goldman Sachs ETF TrGPIX0.5%
• Bank of AmericaBAC0.4%
• International Business MachinesIBM0.4%
• Goldman Sachs GroupGS0.4%
• Exxon MobilXOM0.4%
• Fidelity Nasdaq Comp Indx ETFONEQ0.4%
• Vanguard Admiral FundsVOOG0.4%
• iShares 7-10 Year Treasury B ETFIEF0.3%
• IntelINTC0.3%
• PfizerPFE0.3%
• GE AerospaceGE0.3%
• UnitedHealth GroupUNH0.3%
• Constellation EnergyCEG0.3%
• Eli LillyLLY0.3%
• WalmartWMT0.3%
• AbbVieABBV0.2%
• Altria GroupMO0.2%
• GE VernovaGEV0.2%
• BroadcomAVGO0.2%
• Kinder MorganKMI0.2%
• Starwood Property TrustSTWD0.2%
• Vanguard S&P 500 ETFVOO0.2%
• Johnson & JohnsonJNJ0.2%
• NucorNUE0.2%
• Vaneck ETF TrustSMH0.2%
• Palantir TechnologiesPLTR0.2%
• Prothena Corporation PublicPRTA0.1%
• iShares Core S&P 500 ETFIVV0.1%
• Marvell TechnologyMRVL0.1%
• Golub Capital BDCGBDC0.1%
• J P Morgan Exchange Traded FundJEPQ0.1%
• Applied MaterialsAMAT0.1%
• BlackRock Muniyield N Y QualMYN0.1%
• Vanguard Index FundsVTI0.1%
• At&tT0.1%
• iShares S&P 500 Growth ETFIVW0.1%
• Palo Alto NetworksPANW0.1%
• iShares Msci USA Momentum FA ETFMTUM0.1%
• 3mMMM0.1%
• Royce Small Cap TrustRVT0.1%
• VisaV0.1%
• Walt DisneyDIS0.1%
• Philip Morris InternationalPM0.1%
• American Healthcare REITAHR0.1%
• Cisco SystemsCSCO0.1%
• Vanguard Mrngstar GR ETF-sui ETFVUG0.1%
• Vanguard Health Care ETFVHT0.1%
• Schwab US DVD Equity ETFSCHD0.1%
• State Street SPDR BB 1-3m T-bill ETFBIL0.1%
• Costco WholesaleCOST0.1%
• MerckMRK0.1%
• KopinKOPN0.1%
• CrowdStrike HoldingsCRWD0.1%
• CoreWeaveCRWV0.1%
• ShopifySHOP0.1%
• Advanced Micro DevicesAMD0.1%
• Wells FargoWFC0.1%
• Super Micro ComputerSMCI0.1%
• State Str Spdr S&P 500 ETF TSPY0.1%
• Procter & GamblePG0.1%
• Banco SantanderSAN0.1%
• SnowflakeSNOW0.1%
• EatonETN0.1%
• Verizon CommunicationsVZ0.1%
• OracleORCL0.1%
• BoeingBA0.1%