Maven Securities portfolio

What changed this quarter

198 positions with a change (75 new, 31 added to, 29 trimmed, 63 sold); also, 4 entered through an IPO, 10 exited through an acquisition or merger. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• State Str Spdr S&P 500 ETF T−69%fewer sharesReduced
  15.2% → 5.7%
• Microsoft+380%more sharesIncreased
  1.6% → 8.1%
• Chevron−74%fewer sharesReduced
  6.3% → 1.4%
• State Street Energy Select Sector ETF−75%fewer sharesReduced
  5.5% → 1.3%
• Invesco QQQ Trust Series 1 ETF+214%more sharesIncreased
  1.2% → 5.2%
• Alphabet−2.8 ppof portfolioReduced
  4.4% → 2.8%
• NVIDIA+151%more sharesIncreased
  1.5% → 4.6%
• Advanced Micro Devices−73%fewer sharesReduced
  2.4% → 2.0%
• Nuvalent+1.7 ppof portfolioNew
  — → 1.8%
• Chart Industries−1.5 ppof portfolioSold out
  1.5% → —
• United Parcel Service−1.3 ppof portfolioSold out
  1.3% → —
• Medline−1.1 ppof portfolioSold out
  1.1% → —

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

• MicrosoftMSFT8.1%
• Meta PlatformsMETA5.9%
• State Str Spdr S&P 500 ETF TSPY5.7%
• Invesco QQQ Trust Series 1 ETFQQQ5.2%
• NVIDIANVDA4.6%
• State Street Financial Select Sector ETFXLF3.6%
• AlphabetGOOGL · GOOG3.3%
• Amazon.comAMZN2.5%
• Advanced Micro DevicesAMD2.0%
• Berkshire HathawayBRK/B1.9%
• Nuvalent1.8%
• NIO(bond)1.8%
• TeslaTSLA1.6%
• NewmontNEM1.6%
• Exxon MobilXOM1.5%
• Apogee Therapeutics1.5%
• ChevronCVX1.4%
• Oracle(preferred)1.4%
• HeicoHEI/A1.3%
• State Street Energy Select Sector ETFXLE1.3%
• Cloudflare(bond)1.2%
• State Street Technology Select Sector ETFXLK1.2%
• DoorDashDASH(bond)1.1%
• Select Sector Spdr TrXLP1.1%
• Webster FinancialWBS1.1%
• Cisco SystemsCSCO0.9%
• Iqiyi(bond)0.9%
• iShares US Real Estate ETFIYR0.9%
• Caesars EntertainmentCZR0.8%
• Snap(bond)0.8%
• AlcoaAA0.8%
• Sitime(bond)0.8%
• Barrick MiningB0.7%
• FOXFOX0.7%
• QualcommQCOM0.7%
• Under ArmourUAA0.7%
• Huntington Ingalls IndustriesHII0.7%
• Warner Bros. DiscoveryWBD0.7%
• NCR AtleosNATL0.7%
• SharkninjaSN0.7%
• NewsNWSA0.7%
• JOYYJOYY0.6%
• AppleAAPL0.6%
• Viking HoldingsVIK0.6%
• RTXRTX0.6%
• State Street Health Care Select Sector ETFXLV0.6%
• Williams-sonomaWSM0.6%
• NikeNKE0.6%
• OrganonOGN0.6%
• AESAES0.6%
• Digital Realty TrustDLR0.5%
• GFL EnvironmentalGFL0.5%
• RokuROKU0.5%
• ARK Innovation ETFARKK0.5%
• lululemon athleticaLULU0.5%
• ZscalerZS0.5%
• FortinetFTNT0.5%
• Monster BeverageMNST0.5%
• Coca-ColaKO0.4%
• Anheuser-Busch InBevBUD0.4%
• NRG EnergyNRG0.4%
• Electronic ArtsEA0.4%
• Esperion Therapeutics0.4%
• Catalyst Pharmaceuticals0.4%
• Bio-techneTECH0.4%
• Spyre TherapeuticsSYRE0.3%
• Listed Funds TrMAGS0.3%
• Dominion EnergyD0.3%
• Select Medical Holdings0.3%
• CraneCR0.3%
• Bj’s Wholesale Club HoldingsBJ0.3%
• Taylor Morrison HomeTMHC0.3%
• Casella Waste SystemsCWST0.3%
• Walt DisneyDIS0.3%
• State Street SPDR S&P Biotech ETFXBI0.3%
• Tradeweb MarketsTW0.3%
• Waste ConnectionsWCN0.3%
• TruBridge0.3%
• Cross Country Healthcare0.3%
• CVS HealthCVS0.3%
• Janus Henderson GroupJHG0.3%
• Global Business Travel GroupGBTG0.2%
• PPL(preferred)0.2%
• Zillow GroupZ0.2%
• Live Nation EntertainmentLYV0.2%
• Curbline PropertiesCURB0.2%
• O Reilly AutomotiveORLY0.2%
• Liberty GlobalLBTYK0.2%
• National Vision HoldingsEYE0.2%
• Brighthouse FinancialBHF0.2%
• Vipshop HoldingsVIPS0.2%
• Occidental PetroleumOXY0.2%
• ServiceNowNOW0.2%
• IsharesEWT0.2%
• Ryanair HoldingsRYAAY0.2%
• IsharesECH0.1%