Select Equity Group portfolio

What changed this quarter

169 positions with a change (13 new, 72 added to, 51 trimmed, 33 sold); also, 4 entered through an IPO. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• TransDigm Group+637%more sharesIncreased
  0.3% → 2.5%
• Tractor Supply−67%fewer sharesReduced
  3.2% → 0.7%
• Entegris+144%more sharesIncreased
  0.6% → 2.4%
• Hubbell+123%more sharesIncreased
  1.0% → 2.3%
• Viking Holdings−20%fewer sharesReduced
  4.2% → 4.8%
• Service Corporation International−46%fewer sharesReduced
  2.7% → 1.3%
• Brown & Brown−39%fewer sharesReduced
  2.8% → 1.7%
• BWX Technologies+135%more sharesIncreased
  0.8% → 1.8%
• Cloudflare−99.9%fewer sharesReduced
  0.9% → under 0.1%
• Middleby−62%fewer sharesReduced
  1.1% → 0.5%
• C.h. Robinson Worldwide−42%fewer sharesReduced
  1.7% → 1.1%
• Live Nation Entertainment−15%fewer sharesReduced
  4.3% → 4.4%

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

• Viking HoldingsVIK4.8%
• Live Nation EntertainmentLYV4.4%
• Somnigroup InternationalSGI3.7%
• ITTITT3.6%
• WabtecWAB3.5%
• Markel GroupMKL3.4%
• Martin Marietta MaterialsMLM3.1%
• Labcorp HoldingsLH2.9%
• CRH publicCRH2.6%
• Taiwan Semiconductor ManufacturingTSM2.6%
• TransDigm GroupTDG2.5%
• EntegrisENTG2.4%
• NasdaqNDAQ2.4%
• HubbellHUBB2.3%
• SterisSTE2.1%
• AlconALC2.1%
• Canadian Pacific Kansas CityCP2.0%
• VisaV1.9%
• EMCOR GroupEME1.8%
• BWX TechnologiesBWXT1.8%
• Brown & BrownBRO1.7%
• Core & MainCNM1.5%
• NVIDIANVDA1.5%
• Packaging Corp of AmericaPKG1.4%
• TrimbleTRMB1.4%
• Service Corporation InternationalSCI1.3%
• Spotify TechnologySPOT1.3%
• CorpayCPAY1.3%
• PaychexPAYX1.2%
• Amazon.comAMZN1.2%
• AmphenolAPH1.2%
• Clean HarborsCLH1.2%
• C.h. Robinson WorldwideCHRW1.1%
• Signet JewelersSIG1.1%
• IntelINTC1.1%
• RollinsROL0.9%
• Thermo Fisher ScientificTMO0.9%
• CAECAE0.9%
• WorkdayWDAY0.9%
• Verisk AnalyticsVRSK0.8%
• Liberty MediaFWONK0.8%
• Tractor SupplyTSCO0.7%
• Apollo Global ManagementAPO0.7%
• SalesforceCRM0.7%
• MicrosoftMSFT0.7%
• CraneCR0.7%
• S&P GlobalSPGI0.5%
• AlphabetGOOG0.5%
• MiddlebyMIDD0.5%
• Teledyne TechnologiesTDY0.5%
• BroadcomAVGO0.5%
• Descartes Systems GroupDSGX0.5%
• Franco NevadaFNV0.5%
• St JOEJOE0.4%
• DICK'S Sporting GoodsDKS0.4%
• EcolabECL0.4%
• FortiveFTV0.4%
• Chefs’ WarehouseCHEF0.4%
• Life Time Group HoldingsLTH0.4%
• Agilent TechnologiesA0.4%
• QXOQXO0.4%
• OneSpaWorld HoldingsOSW0.3%
• Casella Waste SystemsCWST0.3%
• DanaherDHR0.3%
• Esco TechnologiesESE0.3%
• CSW IndustrialsCSW0.3%
• FormFactorFORM0.2%
• CDWCDW0.2%
• MoogMOG/A0.2%
• KirbyKEX0.2%
• Lindblad Expeditions HoldingsLIND0.2%
• United States Lime & MineralsUSLM0.2%
• Williams-sonomaWSM0.2%
• McCORMICKMKC0.2%
• POOLPOOL0.2%
• Solstice Advanced MaterialsSOLS0.2%
• Cadre HoldingsCDRE0.2%
• ShopifySHOP0.2%
• Zurn Elkay Water SolutionsZWS0.2%
• Franklin ElectricFELE0.2%
• MYR GroupMYRG0.2%
• KadantKAI0.2%
• Forgent Power SolutionsFPS0.2%
• Badger MeterBMI0.2%
• ArcosaACA0.2%
• Mirion TechnologiesMIR0.1%
• Everus Construction GroupECG0.1%
• Loar HoldingsLOAR0.1%
• AdeiaADEA0.1%
• Alkami TechnologyALKT0.1%
• Alliance Laundry HoldingsALH0.1%
• APi GroupAPG0.1%
• Boot Barn HoldingsBOOT0.1%
• Moody'sMCO0.1%
• MSCIMSCI0.1%
• OUTFRONT MediaOUT0.1%
• Lamar AdvertisingLAMR0.1%
• Alarm.com HoldingsALRM0.1%
• WinmarkWINA0.1%
• Union PacificUNP0.1%