Arete Wealth Advisors portfolio

What changed this quarter

303 positions with a change (45 new, 131 added to, 97 trimmed, 30 sold); also, 2 entered through an IPO, 1 exited through an acquisition or merger. 5 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Rackspace Technology+870%more sharesIncreased
  under 0.1% → 0.9%
• Applied Materials+0.7 ppof portfolioNew
  — → 0.7%
• Apple+22%more sharesIncreased
  2.9% → 3.5%
• State Str Spdr S&P 500 ETF T−39%fewer sharesReduced
  1.4% → 0.9%
• ProShares Short S&p500 ETF−86%fewer sharesReduced
  0.8% → 0.1%

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

• AppleAAPL3.5%
• Invesco Exchange Traded Fund TRSP3.3%
• BlackRock ETF Trust IIBINC3.1%
• Walt DisneyDIS2.9%
• NVIDIANVDA2.7%
• Fidelity Total Bond ETFFBND2.5%
• Putnam ETF TrustPVAL2.3%
• State Street SPDR P AGG Bond ETFSPAB2.3%
• STE Str SPDR PT S&P 500 ETFSPYM2.3%
• AlphabetGOOGL · GOOG2.2%
• Vanguard Mrngstar GR ETF-sui ETFVUG2.1%
• iShares Msci Eafe Value ETFEFV1.5%
• Amazon.comAMZN1.5%
• MicrosoftMSFT1.4%
• State Street SPDR BB 1-3m T-bill ETFBIL1.2%
• Johnson & JohnsonJNJ1.2%
• Pgim Ultra Short Bond ETFPULS1.2%
• Invesco QQQ Trust Series 1 ETFQQQ1.1%
• State Street SPDR P S&P 1500 Comp ETFSPTM1.0%
• iShares Russell 1000 Value E ETFIWD1.0%
• BroadcomAVGO1.0%
• Rackspace TechnologyRXT0.9%
• SPDR Gold Shares ETFGLD0.9%
• State Str Spdr S&P 500 ETF TSPY0.9%
• iShares Russell 1000 Growth ETFIWF0.9%
• Vanguard S&P 500 ETFVOO0.8%
• Taiwan Semiconductor ManufacturingTSM0.8%
• EA Series TrustBOXX0.8%
• Vanguard Ftse Developed ETFVEA0.7%
• JPMorgan ChaseJPM0.7%
• Applied MaterialsAMAT0.7%
• TeslaTSLA0.7%
• Exxon MobilXOM0.7%
• iShares Core S&P 500 ETFIVV0.7%
• Vanguard Extended Market ETFVXF0.7%
• RTXRTX0.7%
• Meta PlatformsMETA0.7%
• iShares Russell 2000 ETFIWM0.7%
• STE Str SPDR PT DW EU ETFSPDW0.6%
• Invesco Nasdaq 100 ETFQQQM0.6%
• iShares 0-1 Year Treasury BO ETFSHV0.6%
• McDONALD’SMCD0.6%
• Berkshire HathawayBRK/B0.6%
• International Business MachinesIBM0.6%
• Profesionally Managed PortfoAKRE0.6%
• State Street SPDR P S&P 500 Growth ETFSPYG0.6%
• Vaneck ETF TrustFLTR0.6%
• Virtus Dividend Interest & PNFJ0.5%
• AbbVieABBV0.5%
• American Centy ETF TrAVEM0.5%
• WalmartWMT0.5%
• Zacks Earnings Consistent PO ETFZECP0.5%
• VisaV0.5%
• iShares Msci Eafe Growth ETFEFG0.5%
• State Street SPDR P S&P 600 Small Cap ETFSPSM0.5%
• Exchange Listed Funds TrCEFS0.5%
• State Street SPDR P S&P 400 Midcap ETFSPMD0.5%
• Vanguard Index FundsVTI0.4%
• Lam ResearchLRCX0.4%
• Vanguard Dividend Apprec ETFVIG0.4%
• Select Sector Spdr TrXLP0.4%
• State Street Technology Select Sector ETFXLK0.4%
• Home DepotHD0.4%
• Bank of AmericaBAC0.4%
• Fidelity Low Durat Fact ETFFLDR0.4%
• iShares Core U.s. Aggregate ETFAGG0.4%
• Tortoise Energy Infrstrctr CTYG0.4%
• Advanced Micro DevicesAMD0.4%
• Vanguard Mrngstr Val ETF-aui ETFVTV0.4%
• Vanguard International Equity Index FVWO0.4%
• IsharesIEMG0.4%
• Invesco Exchange Traded Fund TXMMO0.3%
• Rivernorth Opportunities FundRIV0.3%
• Zacks Small/mid Cap ETFSMIZ0.3%
• BrightSpring Health ServicesBTSG0.3%
• Direxion Shares ETF TrustHCMT0.3%
• Zacks Focus Growth ETFGROZ0.3%
• iShares 1-3 Year Treasury BO ETFSHY0.3%
• State Street SPDR P S&P 500 Value ETFSPYV0.3%
• MerckMRK0.3%
• iShares Core Dividend Growth ETFDGRO0.3%
• Applied DigitalAPLD0.3%
• Invesco Exchange Traded Fund TPSI0.3%
• iShares 0-3 Month Treasury B ETFSGOV0.3%
• IntelINTC0.3%
• iShares Silver Trust ETFSLV0.3%
• Abrdn Physical Gold Shares ETFSGOL0.3%
• Principal US Small-cap ETFPSC0.3%
• Cisco SystemsCSCO0.3%
• Advent Conv & Income FundAVK0.3%
• Space Exploration TechnologiesSPCX0.3%
• iShares Ustechnology ETFIYW0.3%
• TTM TechnologiesTTMI0.3%
• Invesco Russell 1000 DYN M/f ETFOMFL0.3%
• Spdr Index SHS FundsSPEM0.3%
• State Street SPDR S&P Biotech ETFXBI0.3%
• BlackRock Enhanced International DivXBGYX0.3%
• Coca-ColaKO0.3%
• iShares Msci Eafe ETFEFA0.2%