Swan Global Investments portfolio

What changed this quarter

70 positions with a change (22 new, 35 added to, 13 trimmed). 4 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• State Str Spdr S&P 500 ETF T+7.8%more sharesIncreased
  34.8% → 36.6%
• iShares Core S&P 500 ETF−11%fewer sharesReduced
  21.3% → 18.5%
• Apple+1,385%more sharesIncreased
  0.1% → 0.9%
• Microsoft+1,427%more sharesIncreased
  under 0.1% → 0.6%

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 TSPY36.6%
• iShares Core S&P 500 ETFIVV18.5%
• State Street Technology Select Sector ETFXLK4.9%
• Pacer Swan SOS MOD OCT ETFPSMO3.9%
• Pacer Swan SOS Moderate Janu ETFPSMD3.7%
• Pacer Swan SOS Moderate July ETFPSMJ3.6%
• Pacer Swan SOS Moderate APR ETFPSMR3.5%
• Pacer Swan SOS Conserv APR ETFPSCW2.4%
• Pacer Swan SOS Cons OCT ETFPSCQ1.9%
• Listed Funds TrHEGD1.9%
• Pacer Swan SOS Conservative ETFPSCJ1.6%
• Pacer Swan SOS Flex January ETFPSFD1.5%
• State Street Financial Select Sector ETFXLF1.4%
• Pacer Swan SOS Flex OCT ETFPSFO1.3%
• Pacer Swan SOS Conservative ETFPSCX1.2%
• Pacer Swan SOS Flex July ETFPSFJ1.2%
• State Street Consumer Disc Select Sect ETFXLY1.1%
• State Street Health Care Select Sector ETFXLV1.1%
• State Street Industrial Select Sector ETFXLI1.1%
• State Street Comm Select Sector SPDR ETFXLC1.0%
• AppleAAPL0.9%
• Pacer Swan SOS Flex April ETFPSFM0.8%
• MicrosoftMSFT0.6%
• Select Sector Spdr TrXLP0.5%
• State Street Energy Select Sector ETFXLE0.4%
• Palantir TechnologiesPLTR0.3%
• Lam ResearchLRCX0.3%
• St SR UTL SL SE SPDR ETF-usd ETFXLU0.3%
• NVIDIANVDA0.2%
• State Street Materials Select Sector ETFXLB0.2%
• State Street Real Estate Select Sector ETFXLRE0.2%
• AlphabetGOOG · GOOGL0.2%
• Analog DevicesADI0.2%
• Advanced Micro DevicesAMD0.1%
• Amazon.comAMZN0.1%
• Micron TechnologyMU0.1%
• Meta PlatformsMETA0.1%
• ChevronCVX0.1%
• ServiceNowNOW0.1%
• Northern LTS Fund Tr IIISCLZ0.1%
• S&P GlobalSPGI0.1%
• Super Micro ComputerSMCI0.1%
• eBayEBAYunder 0.1%
• BroadcomAVGOunder 0.1%
• QualcommQCOMunder 0.1%
• Eli LillyLLYunder 0.1%
• T-mobile USTMUSunder 0.1%
• SPDR Gold Shares ETFGLDunder 0.1%
• EA Series TrustBOXXunder 0.1%
• JPMorgan ChaseJPMunder 0.1%
• Cisco SystemsCSCOunder 0.1%
• iShares Ibonds DEC 2026 Term ETFIBTGunder 0.1%
• Abrdn Physical Gold Shares ETFSGOLunder 0.1%
• AmphenolAPHunder 0.1%
• TeslaTSLAunder 0.1%
• ServiceTitanTTANunder 0.1%
• OracleORCLunder 0.1%
• GE AerospaceGEunder 0.1%
• Johnson & JohnsonJNJunder 0.1%
• MastercardMAunder 0.1%
• VisaVunder 0.1%
• McKESSONMCKunder 0.1%
• Taiwan Semiconductor ManufacturingTSMunder 0.1%
• WalmartWMTunder 0.1%
• Exxon MobilXOMunder 0.1%
• CaterpillarCATunder 0.1%
• AbbVieABBVunder 0.1%
• iShares Ibonds DEC 2027 Term ETFIBTHunder 0.1%
• Vanguard International Equity Index FVEUunder 0.1%
• Uber Technologiesunder 0.1%
• Wells FargoWFCunder 0.1%
• RTXRTXunder 0.1%
• Home DepotHDunder 0.1%
• Vanguard Russell 2000 ETFVTWOunder 0.1%
• IsharesIEMGunder 0.1%
• Bondbloxx ETF TrustXCCCunder 0.1%
• iShares Core Msci Eafe ETFIEFAunder 0.1%
• NetflixNFLXunder 0.1%
• Berkshire HathawayBRK/Bunder 0.1%
• iShares 20+ Year Treasury BD ETFTLTunder 0.1%
• DeereDEunder 0.1%
• Coca-ColaKOunder 0.1%
• Bondbloxx ETF TrustXBBunder 0.1%
• Duke EnergyDUKunder 0.1%
• LindeLINunder 0.1%