Arax Advisory Partners portfolio

What changed this quarter

4890 positions with a change (1370 new, 3275 added to, 215 trimmed, 30 sold); also, 42 entered through an IPO, 39 exited through an acquisition or merger, 6 entered through a spin-off. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Apple+492%more sharesIncreased
  1.7% → 2.7%
• State Str Spdr S&P 500 ETF T+420%more sharesIncreased
  2.0% → 2.7%
• NVIDIA+554%more sharesIncreased
  1.2% → 2.0%
• iShares Core S&P 500 ETF+225%more sharesIncreased
  2.5% → 2.2%
• Alphabet+1.3 ppof portfolioIncreased
  1.1% → 1.6%
• Invesco QQQ Trust Series 1 ETF+193%more sharesIncreased
  2.1% → 1.9%
• Comfort Systems USA+16,659%more sharesIncreased
  under 0.1% → 1.2%
• Vanguard Mrngstar GR ETF-sui ETF+137%more sharesIncreased
  3.1% → 2.0%
• Microsoft+484%more sharesIncreased
  0.9% → 1.2%
• Amazon.com+329%more sharesIncreased
  0.9% → 1.0%
• Vanguard High DVD Yield ETF+1,128%more sharesIncreased
  0.3% → 0.9%
• BlackRock ETF Trust+138%more sharesIncreased
  2.0% → 1.3%

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 Str Spdr S&P 500 ETF TSPY2.7%
• AppleAAPL2.7%
• iShares Core S&P 500 ETFIVV2.2%
• Vanguard Mrngstar GR ETF-sui ETFVUG2.0%
• NVIDIANVDA2.0%
• Invesco QQQ Trust Series 1 ETFQQQ1.9%
• AlphabetGOOG · GOOGL1.6%
• BlackRock ETF TrustDYNF1.3%
• Comfort Systems USAFIX1.2%
• MicrosoftMSFT1.2%
• Vanguard Index FundsVTI1.1%
• Amazon.comAMZN1.0%
• Vanguard High DVD Yield ETFVYM0.9%
• Vanguard Mrngstr Val ETF-aui ETFVTV0.9%
• American Centy ETF TrAVLV0.7%
• Enterprise Products PartnersEPD0.6%
• HighPeak EnergyHPK0.6%
• BlackRock ETF TrustCORO0.6%
• Vanguard International Equity Index FVEU0.6%
• BlackRock ETF TrustBAI0.6%
• BroadcomAVGO0.6%
• ETF SER SolutionsPIFI0.6%
• JPMorgan ChaseJPM0.6%
• Janus Henderson AAA CLO ETFJAAA0.6%
• Vanguard Index FundsVO0.6%
• Vanguard World FundMGK0.6%
• Johnson & JohnsonJNJ0.6%
• Bank of AmericaBAC0.5%
• Vanguard S&P 500 ETFVOO0.5%
• MerckMRK0.5%
• Meta PlatformsMETA0.5%
• Micron TechnologyMU0.5%
• Vanguard Ftse Developed ETFVEA0.5%
• BlackRock ETF Trust IIBINC0.4%
• BlackRock ETF TrustTHRO0.4%
• Vanguard Short-term Tips ETFVTIP0.4%
• Exxon MobilXOM0.4%
• First Tr Exchng Traded Fund VIGAUG0.4%
• State Street SPDR N ICE Muni Bond ETFTFI0.4%
• BlackRock ETF Trust IIINMU0.4%
• Berkshire HathawayBRK/B0.4%
• Series Portfolios TrCLOZ0.4%
• Dimensional ETF TrustDFUS0.4%
• First Trust Rising Dividend ETFRDVY0.4%
• iShares 0-3 Month Treasury B ETFSGOV0.4%
• Eli LillyLLY0.4%
• IsharesIEMG0.4%
• ChevronCVX0.4%
• iShares 0-1 Year Treasury BO ETFSHV0.4%
• WalmartWMT0.4%
• VisaV0.4%
• RTXRTX0.4%
• iShares Core S&P U.s. Value ETFIUSV0.3%
• Advanced Micro DevicesAMD0.3%
• iShares Core U.s. Aggregate ETFAGG0.3%
• UnitedHealth GroupUNH0.3%
• Cisco SystemsCSCO0.3%
• CaterpillarCAT0.3%
• iShares Core S&P Small-cap E ETFIJR0.3%
• J P Morgan Exchange Traded FundJEPQ0.3%
• Invesco National Amt-free MU ETFPZA0.3%
• iShares Core S&P Total U.s ETFITOT0.3%
• iShares National Muni Bond E ETFMUB0.3%
• TeslaTSLA0.3%
• iShares Ibonds DEC 2028 Term ETFIBTI0.3%
• GE VernovaGEV0.3%
• AbbVieABBV0.3%
• iShares Russell 1000 Value E ETFIWD0.3%
• International Business MachinesIBM0.3%
• Ishares TrIUSB0.3%
• IntelINTC0.3%
• Global X Defense Tech ETFSHLD0.2%
• Vanguard International Equity Index FVWO0.2%
• STE Str SPDR PT DW EU ETFSPDW0.2%
• Palantir TechnologiesPLTR0.2%
• iShares S&P Small-cap 600 GR ETFIJT0.2%
• Vanguard Most Sm-cap ETF-usd ETFVB0.2%
• iShares Ibonds DEC 2026 Term ETFIBTG0.2%
• iShares Semiconductor ETFSOXX0.2%
• iShares Ibonds DEC 2027 Term ETFIBTH0.2%
• Marvell TechnologyMRVL0.2%
• iShares US Treasury Bond ETFGOVT0.2%
• iShares Russell 2000 Value E ETFIWN0.2%
• Vanguard Index FundsVBK0.2%
• State Street SPDR BB St HI Yield ETFSJNK0.2%
• Freeport-McMoRanFCX0.2%
• MPLXMPLX0.2%
• Energy TransferET0.2%
• Emerson ElectricEMR0.2%
• Costco WholesaleCOST0.2%
• GE AerospaceGE0.2%
• McDONALD’SMCD0.2%
• Vanguard Total International Stock ETFVXUS0.2%
• Coca-ColaKO0.2%
• First Tr Exchng Traded Fund VIFIXD0.2%
• iShares S&P Mid-cap 400 Grow ETFIJK0.2%
• ETF SER SolutionsOPER0.2%
• iShares Morningstar Mid-cap ETFIMCG0.2%
• CME GroupCME0.2%