BlueCrest Capital Management portfolio

What changed this quarter

155 positions with a change (76 new, 21 added to, 25 trimmed, 33 sold); also, 13 entered through an IPO, 2 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).

• Invesco Exchange Traded Fund T+18.0 ppof portfolioNew
  — → 18.0%
• Vaneck ETF Trust+2,127%more sharesIncreased
  0.3% → 4.9%
• Amazon.com+4.1 ppof portfolioNew
  — → 4.1%
• EchoStar+2.4 ppof portfolioNew
  — → 2.4%
• WIX−2.4 ppof portfolioSold out
  5.9% → —
• Zoom Communications+2.0 ppof portfolioNew
  — → 2.0%
• Fermi+1.5 ppof portfolioNew
  — → 1.5%
• Digital Realty Trust+1.5 ppof portfolioNew
  — → 1.5%
• Bank of America−93%fewer sharesReduced
  3.5% → 0.1%
• Citigroup−94%fewer sharesReduced
  3.4% → 0.1%
• Wells Fargo−92%fewer sharesReduced
  3.4% → 0.1%
• Medline−1.1 ppof portfolioSold out
  2.8% → —

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

• Invesco Exchange Traded Fund TRSP18.0%
• Space Exploration TechnologiesSPCX10.9%
• STE Str SPDR PT S&P 500 ETFSPYM10.4%
• Vaneck ETF TrustSMH4.9%
• Amazon.comAMZN4.1%
• EchoStarECHO2.4%
• Zoom CommunicationsZM2.0%
• CriteoCRTO1.9%
• Churchill Capital Corp XICCXI1.9%
• PennyMac Financial ServicesPFSI1.6%
• FermiFRMI1.5%
• Digital Realty TrustDLR1.5%
• AlphabetGOOGL(preferred)1.4%
• Pg&ePCG1.4%
• Nextera Energy(preferred)1.2%
• SK TelecomSKM1.1%
• Madison Air SolutionsMAIR1.1%
• iShares China Large-cap ETFFXI0.9%
• Rithm CapitalRITM0.9%
• Ishares TrHYG0.7%
• NVIDIANVDA0.7%
• Boeing(preferred)0.7%
• QuantinuumQNT0.6%
• Novanta(preferred)0.6%
• TerawulfWULF0.5%
• NateraNTRA0.5%
• Averin Capital AcquisitionACAAU(unit)0.5%
• Vishay IntertechnologyVSH0.5%
• KRAKacquisitionKRAQU(unit)0.5%
• Robinhood Ventures Fund IRVI0.5%
• American Exceptionalism Acquisition Corp. AAEXA0.5%
• Fortress Value Acquisition Corp. VFVAV0.5%
• Applied MaterialsAMAT0.5%
• Select Sector Spdr TrXLP0.4%
• Infinite Eagle AcquisitionIEAGU(unit)0.4%
• Hewlett Packard EnterpriseHPE0.4%
• Microchip Technology(preferred)0.4%
• MKSMKSI0.4%
• Colombier Acquisition Corp ICLBR/U(unit)0.4%
• Alussa Energy Acquisition Corp. IIALUB0.4%
• Super Micro Computer(preferred)0.4%
• Oneim AcquisitionOIMAU(unit)0.4%
• Silicon Valley AcquisitionSVAQ0.4%
• Bitdeer Technologies GroupBTDR0.4%
• Hyatt HotelsH0.4%
• EQV Ventures Acquisition Corp. IIEVAC0.3%
• Ares Management(preferred)0.3%
• GDS HoldingsGDS0.3%
• X-EnergyXE0.3%
• Miami International HoldingsMIAX0.3%
• ArxisARXS0.3%
• Albemarle(preferred)0.3%
• Ishares TrLQD0.3%
• BrightSpring Health Services(preferred)0.3%
• Ithax Acquisition Corp IIIITHA0.3%
• Sibanye StillwaterSBSW0.3%
• IsharesTUR0.3%
• Soren AcquisitionSORNU(unit)0.3%
• Oracle(preferred)0.3%
• ArganAGX0.2%
• Invesco China Technology ETFCQQQ0.2%
• IsharesPICK0.2%
• Futurecrest AcquisitionFCRS/U(unit)0.2%
• New Amer Acquisition INWAX/U(unit)0.2%
• Karbon Capital PartnersKBONU(unit)0.2%
• American Drive AcquisitionADACU(unit)0.2%
• Lake Superior AcquisitionLKSP0.2%
• M EVO Global Acquisition Corp IIMEVOU(unit)0.2%
• Idea AcquisitionIACO0.2%
• Drugs Made In America Acquisition IIDMII0.2%
• Activate Energy AcquisitionAEAQ0.2%
• Bain Cap GSS InvtBCSS/U(unit)0.2%
• Vanguard Total World Bond ET ETFBNDW0.2%
• Renatus Tactical Acquisition Corp IRTAC0.2%
• Space Asset AcquisitionSAAQU(unit)0.2%
• QXO(preferred)0.2%
• AA Mission Acquisition Corp. IIYCY0.2%
• Range Capital Acquisition Corp IIRNGT0.2%
• NextNavNN0.2%
• Twelve Seas Investment Co III/CaymanTWLV0.2%
• PicSPICS0.2%
• TGE Value Creative SolutionsBEBE/U(unit)0.2%
• WhiteHawk MineralsWHK0.2%
• HCM III AcquisitionHCMA0.2%
• Global X Defense Tech ETFSHLD0.2%
• HCM IV AcquisitionHACQU(unit)0.2%
• SharonAI HoldingsSHAZ0.2%
• M3-brigade Acquisition VIMBVI0.2%
• VSE(preferred)0.2%
• General Purpose AcquisitionGPAC0.2%
• Southern(preferred)0.1%
• General Catalyst Global Resilience MergerGCGRU(unit)0.1%
• YPF Sociedad AnonimaYPF0.1%
• AlTi GlobalALTI0.1%
• ERockEROC0.1%
• KKRKKR0.1%
• CalumetCLMT0.1%