Empire Life Investments portfolio

What changed this quarter

102 positions with a change (7 new, 26 added to, 65 trimmed, 4 sold). 9 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Lam Research−27%fewer sharesReduced
  3.6% → 4.8%
• Micron Technology−60%fewer sharesReduced
  1.8% → 2.0%
• BETA Technologies+1.3 ppof portfolioNew
  — → 1.3%
• Applied Materials+1.0 ppof portfolioNew
  — → 1.0%
• EQT−0.9 ppof portfolioSold out
  0.9% → —
• Accenture Ltd - A−0.8 ppof portfolioSold out
  0.9% → —
• Valero Energy+51%more sharesIncreased
  1.5% → 2.2%
• Willscot Holdings+0.6 ppof portfolioNew
  — → 0.6%
• C.h. Robinson Worldwide+0.6 ppof portfolioNew
  — → 0.6%

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

• Vanguard S&P 500 ETFVOO6.0%
• AlphabetGOOG5.3%
• Lam ResearchLRCX4.8%
• Amazon.comAMZN4.3%
• MicrosoftMSFT3.8%
• AppleAAPL3.8%
• NVIDIANVDA2.9%
• PNC Financial Services GroupPNC2.7%
• iShares Core Msci Eafe ETFIEFA2.3%
• Vistra OperationsVST2.2%
• Valero EnergyVLO2.2%
• Johnson & JohnsonJNJ2.1%
• Micron TechnologyMU2.0%
• AmetekAME1.8%
• EOG ResourcesEOG1.7%
• VisaV1.6%
• AutoZoneAZO1.6%
• BroadcomAVGO1.6%
• NewmontNEM1.6%
• Elevance HealthELV1.6%
• Texas InstrumentsTXN1.5%
• CrowdStrike HoldingsCRWD1.4%
• Coca-ColaKO1.3%
• Ross StoresROST1.3%
• Bank of AmericaBAC1.3%
• BETA TechnologiesBETA1.3%
• TidewaterTDW1.2%
• Philip Morris InternationalPM1.2%
• MastercardMA1.2%
• WEC Energy GroupWEC1.2%
• Meta PlatformsMETA1.1%
• ProgressivePGR1.1%
• Invesco Nasdaq 100 ETFQQQM1.0%
• Costco WholesaleCOST1.0%
• Applied MaterialsAMAT1.0%
• CME GroupCME0.9%
• Motorola SolutionsMSI0.9%
• TJXTJX0.9%
• AmerenAEE0.9%
• ChevronCVX0.9%
• Booking HoldingsBKNG0.9%
• EvercoreEVR0.9%
• Eaton0.8%
• ServiceNowNOW0.8%
• Veeva SystemsVEEV0.8%
• IsharesURTH0.8%
• Roper TechnologiesROP0.8%
• Tyler TechnologiesTYL0.7%
• Altria GroupMO0.7%
• Willscot HoldingsWSC0.6%
• Peabody EnergyBTU0.6%
• C.h. Robinson WorldwideCHRW0.6%
• At&tT0.6%
• LindeLIN0.5%
• Huntington BancsharesHBAN0.5%
• Dollar TreeDLTR0.5%
• Legend BiotechLEGN0.5%
• Ocular TherapeutixOCUL0.5%
• Freeport-McMoRanFCX0.5%
• Vanguard Russell 1000 Growth ETFVONG0.5%
• Energy FuelsUUUU0.5%
• CintasCTAS0.4%
• FermiFRMI0.4%
• Exxon MobilXOM0.4%
• Invesco QQQ Trust Series 1 ETFQQQ0.3%
• Anheuser-Busch InBevBUD0.3%
• Seagate Technology Holdings0.3%
• Home DepotHD0.3%
• Putnam ETF TrustPVAL0.3%
• Vanguard International Equity Index FVT0.3%
• Northrop GrummanNOC0.2%
• SiteOne Landscape SupplySITE0.2%
• Rocket LabRKLB0.2%
• TeslaTSLA0.2%
• Alnylam PharmaceuticalsALNY0.2%
• ARS PharmaceuticalsSPRY0.2%
• MercadoLibreMELI0.2%
• iShares Msci Eafe Growth ETFEFG0.2%
• VICI PropertiesVICI0.2%
• iShares Russell Top 200 Grow ETFIWY0.2%
• CRH0.2%
• Fidelity Fndmntl L/c Grw ETFFFLG0.2%
• Sunbelt Rentals Holdings0.2%
• Franklin Focused Dynamic Gro ETFFFOG0.2%
• iShares Msci GL QUA Fact ETFAQLT0.2%
• QualcommQCOM0.1%
• Arcturus Therapeutics HoldingsARCT0.1%
• Advanced Micro DevicesAMD0.1%
• Burlington StoresBURL0.1%
• EVI IndustriesEVI0.1%
• Raymond James FinancialRJF0.1%
• Jack Henry & AssociatesJKHY0.1%
• Intuitive SurgicalISRG0.1%
• Fidelity Fndmntl L/c COR ETFFFLC0.1%
• T Rowe Price Exchange-tradedTCHP0.1%
• CubesmartCUBE0.1%
• MorningstarMORN0.1%
• Church & DwightCHD0.1%
• J P Morgan Exchange Traded FundJGRO0.1%
• BlackRockBLK0.1%