Private Advisory Group portfolio

What changed this quarter

295 positions with a change (57 new, 131 added to, 66 trimmed, 41 sold); also, 1 entered through an IPO. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Micron Technology−36%fewer sharesReduced
  1.4% → 2.4%
• Corning+595%more sharesIncreased
  0.1% → 1.2%
• Microsoft−25%fewer sharesReduced
  4.7% → 2.8%
• Teradyne+361%more sharesIncreased
  0.2% → 1.1%
• ProShares Nsdq 100 D/w MOM ETF+0.9 ppof portfolioNew
  — → 0.9%
• Cloudflare−72%fewer sharesReduced
  1.3% → 0.3%
• iShares 0-3 Month Treasury B ETF+149%more sharesIncreased
  0.7% → 1.3%
• NVIDIA+19%more sharesIncreased
  4.4% → 4.8%
• GE Vernova+1,518%more sharesIncreased
  under 0.1% → 0.8%
• Apple+19%more sharesIncreased
  4.2% → 4.5%
• State Str Spdr S&P 500 ETF T−80%fewer sharesReduced
  1.0% → 0.2%
• Zillow Group−0.6 ppof portfolioSold out
  0.8% → —

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

• NVIDIANVDA4.8%
• AppleAAPL4.5%
• AlphabetGOOG · GOOGL4.2%
• Invesco QQQ Trust Series 1 ETFQQQ3.0%
• Amazon.comAMZN3.0%
• MicrosoftMSFT2.8%
• Micron TechnologyMU2.4%
• IsharesEWY2.2%
• IntelINTC2.0%
• Advanced Micro DevicesAMD2.0%
• BroadcomAVGO1.8%
• Taiwan Semiconductor ManufacturingTSM1.6%
• TeslaTSLA1.4%
• Meta PlatformsMETA1.4%
• Vertiv HoldingsVRT1.4%
• iShares 0-3 Month Treasury B ETFSGOV1.3%
• Vanguard Mrngstar GR ETF-sui ETFVUG1.3%
• ASML HoldingASML1.3%
• CorningGLW1.2%
• Eli LillyLLY1.2%
• TeradyneTER1.1%
• IsharesEUSA1.1%
• Costco WholesaleCOST1.1%
• iShares Core S&P Midcap ETFIJH1.0%
• iShares Russell 1000 Value E ETFIWD1.0%
• Arista NetworksANET0.9%
• UnitedHealth GroupUNH0.9%
• JPMorgan ChaseJPM0.9%
• Tidal Trust IIRSST0.9%
• ProShares Nsdq 100 D/w MOM ETFQQQA0.9%
• Novo Nordisk A/sNVO0.9%
• Ishares TrLQD0.8%
• NetflixNFLX0.8%
• State Street SPDR P Mort Back Bond ETFSPMB0.8%
• State Street SPDR BBG EN RY CM St N-ui ETFCERY0.8%
• GE VernovaGEV0.8%
• Powell IndustriesPOWL0.8%
• Berkshire HathawayBRK/B0.8%
• American ExpressAXP0.7%
• First Trust DOW J Select MIC ETFFDM0.7%
• MP MaterialsMP0.7%
• Exxon MobilXOM0.7%
• Invesco Short Term Treasury ETFTBLL0.7%
• Goldman Sachs GroupGS0.6%
• Western DigitalWDC0.6%
• State Street SPDR P AGG Bond ETFSPAB0.6%
• Johnson & JohnsonJNJ0.6%
• Ishar Fture EXP Tech ETF-usd ETFXT0.6%
• General MillsGIS0.6%
• Lam ResearchLRCX0.6%
• Dimensional ETF TrustDFLV0.6%
• HalliburtonHAL0.6%
• NewmontNEM0.6%
• Waste ManagementWM0.6%
• L3harris TechnologiesLHX0.6%
• State Street SPDR P S&P 600 Small Cap ETFSPSM0.6%
• Vanguard High DVD Yield ETFVYM0.6%
• Goldman Sachs Access Treasur ETFGBIL0.6%
• Pimco Multisector Bond Actv ETFPYLD0.5%
• iShares Core S&P 500 ETFIVV0.5%
• Zions Bancorporation, National AssociationZION0.5%
• JBSJBS0.5%
• Verizon CommunicationsVZ0.5%
• iShares 0-5 Year Tips Bond E ETFSTIP0.5%
• Global X MLP ETFMLPA0.5%
• Vanguard Intermediate-term T ETFVGIT0.4%
• ComcastCMCSA0.4%
• CNA FinancialCNA0.4%
• NikeNKE0.4%
• Tidal Trust IIRSSY0.4%
• iShares Core S&P Small-cap E ETFIJR0.4%
• Gold Sachs Hedge IND VIP ETFGVIP0.4%
• Seagate Technology HoldingsSTX0.4%
• Howmet AerospaceHWM0.4%
• Vanguard Short-term Treasury ETFVGSH0.4%
• Pimco Ultra Shrt Govt Active ETFBILZ0.4%
• State Street Technology Select Sector ETFXLK0.4%
• Invesco S&P Smallcap Quality ETFXSHQ0.4%
• iShares Russell 2000 ETFIWM0.3%
• EnbridgeENB0.3%
• Invesco Exchange Traded Fund TRSPT0.3%
• PfizerPFE0.3%
• CloudflareNET0.3%
• State Street SPDR P S&P 500 Value ETFSPYV0.3%
• Dimensional ETF TrustDFSD0.3%
• IsharesCEMB0.3%
• Schwab International Equity ETFSCHF0.3%
• Pros K-1 Free CR Oil ETF-usd ETFOILK0.3%
• State Street SPDR S&P Kensho NE Comp ETFKOMP0.3%
• Vanguard S&P 500 ETFVOO0.3%
• Applied MaterialsAMAT0.3%
• iShares S&P 500 Growth ETFIVW0.3%
• Vanguard Dividend Apprec ETFVIG0.3%
• Vaneck ETF TrustFLTR0.3%
• Vanguard Ftse Developed ETFVEA0.2%
• Vanguard International Equity Index FVWO0.2%
• iShares 1-3 Year Treasury BO ETFSHY0.2%
• iShares 5-10y INV Grade ETFIGIB0.2%
• iShares 3-7 Year Treasury BO ETFIEI0.2%