Baird Financial Group portfolio

What changed this quarter

1683 positions with a change (159 new, 848 added to, 615 trimmed, 61 sold); also, 3 entered through an IPO, 7 exited through an acquisition or merger, 3 entered through a spin-off.

No moves of 0.5 points of the portfolio or more.

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

• AppleAAPL4.0%
• AlphabetGOOG · GOOGL4.0%
• JPMorgan ChaseJPM3.1%
• MicrosoftMSFT3.0%
• GE VernovaGEV2.3%
• Vanguard Ftse Developed ETFVEA2.2%
• iShares Russell 1000 Value E ETFIWD2.1%
• iShares Russell 1000 Growth ETFIWF2.0%
• Berkshire HathawayBRK/B1.9%
• Amazon.comAMZN1.9%
• GE AerospaceGE1.9%
• Johnson & JohnsonJNJ1.7%
• iShares Russell Mid-cap ETFIWR1.6%
• Home DepotHD1.4%
• NVIDIANVDA1.4%
• iShares Core S&P Small-cap E ETFIJR1.3%
• ProgressivePGR1.3%
• Meta PlatformsMETA1.3%
• Parker-hannifinPH1.2%
• Charles SchwabSCHW1.1%
• BroadcomAVGO1.0%
• FastenalFAST1.0%
• TJXTJX0.9%
• Vanguard S&P 500 ETFVOO0.9%
• iShares Core S&P 500 ETFIVV0.9%
• UBER TechnologiesUBER0.9%
• TE ConnectivityTEL0.9%
• Vanguard Short-term Treasury ETFVGSH0.9%
• O Reilly AutomotiveORLY0.9%
• iShares Core Msci Eafe ETFIEFA0.9%
• Vanguard Int-term Corporate ETFVCIT0.8%
• Costco WholesaleCOST0.8%
• Union PacificUNP0.8%
• AbbVieABBV0.7%
• Wells FargoWFC0.7%
• Walt DisneyDIS0.7%
• Vanguard Intermediate-term B ETFBIV0.7%
• State Str Spdr S&P 500 ETF TSPY0.6%
• Taiwan Semiconductor ManufacturingTSM0.6%
• Vanguard International Equity Index FVWO0.6%
• DanaherDHR0.6%
• Bank of AmericaBAC0.5%
• VisaV0.5%
• Expeditors International of WashingtonEXPD0.5%
• Eli LillyLLY0.5%
• Omnicom GroupOMC0.5%
• Vanguard Index FundsVTI0.5%
• Vanguard International Equity Index FVEU0.5%
• Vanguard Mrngstar GR ETF-sui ETFVUG0.5%
• Vanguard Mrngstr Val ETF-aui ETFVTV0.5%
• CaterpillarCAT0.4%
• Cisco SystemsCSCO0.4%
• Invesco QQQ Trust Series 1 ETFQQQ0.4%
• ChevronCVX0.4%
• MastercardMA0.4%
• iShares Core S&P Midcap ETFIJH0.4%
• Vanguard Most Sm-cap ETF-usd ETFVB0.4%
• AmphenolAPH0.4%
• Micron TechnologyMU0.3%
• iShares 7-10 Year Treasury B ETFIEF0.3%
• ASML HoldingASML0.3%
• WalmartWMT0.3%
• Lam ResearchLRCX0.3%
• Procter & GamblePG0.3%
• iShares Msci Eafe Value ETFEFV0.3%
• Vanguard Index FundsVO0.3%
• State Street SPDR P St C Corp ETFSPSB0.3%
• EatonETN0.3%
• Dimensional ETF TrustDFAC0.3%
• IsharesIEMG0.3%
• Exxon MobilXOM0.2%
• Analog DevicesADI0.2%
• iShares Russell 2000 ETFIWM0.2%
• CarmaxKMX0.2%
• Palo Alto NetworksPANW0.2%
• McDONALD’SMCD0.2%
• iShares Msci Eafe ETFEFA0.2%
• Vanguard High DVD Yield ETFVYM0.2%
• BlackRockBLK0.2%
• Vanguard Dividend Apprec ETFVIG0.2%
• Advanced Micro DevicesAMD0.2%
• PepsicoPEP0.2%
• MerckMRK0.2%
• TeslaTSLA0.2%
• Waste ConnectionsWCN0.2%
• Texas InstrumentsTXN0.2%
• RTXRTX0.2%
• Abbott LaboratoriesABT0.2%
• LindeLIN0.2%
• StarbucksSBUX0.2%
• Brookfield RenewableBEPC0.2%
• AmgenAMGN0.2%
• Coca-ColaKO0.2%
• StrykerSYK0.2%
• EcolabECL0.2%
• Monolithic Power SystemsMPWR0.2%
• Goldman Sachs GroupGS0.2%
• Verizon CommunicationsVZ0.2%
• Canadian Pacific Kansas CityCP0.2%