Lighthouse Investment Partners portfolio

What changed this quarter

921 positions with a change (281 new, 173 added to, 184 trimmed, 283 sold); also, 8 entered through an IPO, 7 exited through an acquisition or merger, 4 entered through a spin-off. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Mastercard+1.2 ppof portfolioNew
  — → 1.2%
• Walmart+10,854%more sharesIncreased
  under 0.1% → 1.2%
• Digital Realty Trust+3,276%more sharesIncreased
  under 0.1% → 1.2%
• NVIDIA−87%fewer sharesReduced
  1.1% → 0.1%
• Ameren+1,156%more sharesIncreased
  0.1% → 0.9%
• Barclays−79%fewer sharesReduced
  1.0% → 0.2%
• Devon Energy+0.8 ppof portfolioNew
  — → 0.8%
• Fortis+0.8 ppof portfolioNew
  — → 0.8%
• Take-two Interactive Software+181%more sharesIncreased
  0.4% → 1.1%
• SM Energy−0.7 ppof portfolioSold out
  0.9% → —
• Visa−0.7 ppof portfolioSold out
  0.8% → —
• Everest Group+1,096%more sharesIncreased
  0.1% → 0.7%

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

• Space Exploration TechnologiesSPCX3.7%
• MastercardMA1.2%
• Digital Realty TrustDLR1.2%
• WalmartWMT1.2%
• Take-two Interactive SoftwareTTWO1.1%
• Cerebras SystemsCBRS1.1%
• VentasVTR1.0%
• Norfolk SouthernNSC1.0%
• Amazon.comAMZN0.9%
• American Homes 4 RentAMH0.9%
• AmerenAEE0.9%
• Agree RealtyADC0.8%
• First Industrial Realty TrustFR0.8%
• Devon EnergyDVN0.8%
• FortisFTS0.8%
• Hilton Worldwide HoldingsHLT0.7%
• Arthur J. GallagherAJG0.7%
• Brixmor Property GroupBRX0.7%
• American Financial GroupAFG0.7%
• Everest GroupEG0.7%
• CRH publicCRH0.7%
• LXP Industrial TrustLXP0.7%
• Canadian National RailwayCNI0.7%
• Core & MainCNM0.7%
• American Healthcare REITAHR0.6%
• Columbia Banking SystemCOLB0.6%
• ProgressivePGR0.6%
• Mid-america Apartment CommunitiesMAA0.6%
• W. P. CareyWPC0.6%
• Warner Bros. DiscoveryWBD0.6%
• Monster BeverageMNST0.6%
• Philip Morris InternationalPM0.6%
• Reinsurance Group of AmericaRGA0.6%
• International Flavors & FragrancesIFF0.6%
• HersheyHSY0.6%
• DTE EnergyDTE0.6%
• American Electric PowerAEP0.6%
• EvergyEVRG0.6%
• Bank of HawaiiBOH0.6%
• PNC Financial Services GroupPNC0.5%
• Meta PlatformsMETA0.5%
• UDRUDR0.5%
• PPLPPL0.5%
• Vulcan MaterialsVMC0.5%
• Independence Realty TrustIRT0.5%
• Regency CentersREG0.5%
• EquinixEQIX0.5%
• SharkninjaSN0.5%
• Colgate-palmoliveCL0.5%
• Cincinnati FinancialCINF0.5%
• Brown & BrownBRO0.5%
• Air Products and ChemicalsAPD0.5%
• State StreetSTT0.5%
• HF SinclairDINO0.5%
• Charles SchwabSCHW0.5%
• Wells FargoWFC0.5%
• T-mobile USTMUS0.4%
• Bank of AmericaBAC0.4%
• Intercontinental ExchangeICE0.4%
• Vanguard International Equity Index FVT0.4%
• Antero ResourcesAR0.4%
• TangerSKT0.4%
• Ralph LaurenRL0.4%
• Coca-cola Europacific PartnersCCEP0.4%
• Texas InstrumentsTXN0.4%
• Fuller H BFUL0.4%
• BellRing BrandsBRBR0.4%
• Rexford Industrial RealtyREXR0.4%
• Liberty Live HoldingsLLYVK0.4%
• Expand EnergyEXE0.4%
• Celsius HoldingsCELH0.4%
• JPMorgan ChaseJPM0.4%
• Liberty MediaFWONK0.4%
• Schneider NationalSNDR0.4%
• Chefs’ WarehouseCHEF0.4%
• Essential Properties Realty TrustEPRT0.4%
• Edgewell Personal CareEPC0.4%
• MicrosoftMSFT0.4%
• Kimberly ClarkKMB0.3%
• CubesmartCUBE0.3%
• LennarLEN0.3%
• CareTrust REITCTRE0.3%
• Bentley SystemsBSY0.3%
• Cousins PropertiesCUZ0.3%
• Pinnacle West CapitalPNW0.3%
• Cemex SAB De CVCX0.3%
• ChubbCB0.3%
• American International GroupAIG0.3%
• Atour Lifestyle HoldingsATAT0.3%
• Unum GroupUNM0.3%
• WestlakeWLK0.3%
• Lam ResearchLRCX0.3%
• Murphy OilMUR0.3%
• SaiaSAIA0.3%
• Essex Property TrustESS0.3%
• Black HillsBKH0.3%
• SouthernSO0.3%
• Nextera EnergyNEE0.3%
• NisourceNI0.3%
• Axis Capital HoldingsAXS0.3%