Orgel Wealth Management portfolio

What changed this quarter

78 positions with a change (4 new, 39 added to, 28 trimmed, 7 sold); also, 1 entered through an IPO. 3 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• iShares Msci USA Quality FAC ETF−35%fewer sharesReduced
  14.0% → 9.2%
• iShares Msci USA Momentum FA ETF+27%more sharesIncreased
  4.4% → 5.1%
• Vanguard Tax-exempt Bond ETF+21%more sharesIncreased
  3.4% → 3.9%

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 Short DUR Bond ETFVSDB11.7%
• iShares Core S&P 500 ETFIVV9.7%
• iShares Msci USA Quality FAC ETFQUAL9.2%
• State Street SPDR P S&P 500 Growth ETFSPYG8.0%
• Vanguard Int High DVD YLD In ETFVYMI5.9%
• Schwab International Equity ETFSCHF5.2%
• iShares Msci USA Momentum FA ETFMTUM5.1%
• iShares National Muni Bond E ETFMUB4.8%
• Pimco MBS Active ETFPMBS4.5%
• Ishares Tr4.1%
• Vanguard Tax-exempt Bond ETFVTEB3.9%
• BlackRock ETF Trust IISHYM3.6%
• Vanguard Index FundsVOE3.4%
• Vanguard Admiral FundsVIOO2.8%
• Schwab US Large-cap ETFSCHX2.6%
• Global X US Preferred ETFPFFD2.3%
• iShares Core S&P Midcap ETFIJH2.3%
• Schwab Emrg Mrkts Eqty ETFSCHE1.6%
• Fidelity Quality Factor ETFFQAL1.3%
• iShares Core Msci Eafe ETFIEFA1.3%
• Vanguard Index FundsVOT1.2%
• Invesco Exchange Traded Fund TSPHQ0.5%
• iShares Morningstar Mid-cap ETFIMCV0.5%
• iShares Morningstar Mid-cap ETFIMCG0.5%
• IsharesIEMG0.5%
• Vanguard ESG US Stock ETFESGV0.4%
• American Centy ETF TrAVSE0.2%
• Vanguard ESG International Stock ETFVSGX0.2%
• iShares Trust iShares ESG AW ETFESGD0.2%
• Vanguard Most Sm-cap ETF-usd ETFVB0.2%
• Schwab US DVD Equity ETFSCHD0.2%
• Schwab US Large-cap Growth ETFSCHG0.2%
• Ishares TrIUSB0.2%
• Northern LTS Fund Tr IVPTL0.1%
• Schwab US Small-cap ETFSCHA0.1%
• Vanguard S&P 500 ETFVOO0.1%
• StrategyESSC0.1%
• State Str Spdr S&P 500 ETF TSPY0.1%
• Quaker Invt TrOWNS0.1%
• iShares Msci Eafe ETFEFA0.1%
• Franklin U.s. Mid Cap Multif ETFFLQM0.1%
• MicrosoftMSFT0.1%
• Vanguard Index FundsVTI0.1%
• AppleAAPL0.1%
• iShares S&P 500 Growth ETFIVWunder 0.1%
• iShares Russell 2000 ETFIWMunder 0.1%
• iShares S&P 500 Value ETFIVEunder 0.1%
• iShares Russell 1000 Growth ETFIWFunder 0.1%
• Janus Hender SM Cap Grw Alph ETFJSMLunder 0.1%
• Vanguard Dividend Apprec ETFVIGunder 0.1%
• Vanguard Short-term Treasury ETFVGSHunder 0.1%
• Vanguard Ftse Developed ETFVEAunder 0.1%
• iShares ESG Msci USA Leaders ETFSUSLunder 0.1%
• STE Str SPDR PT S&P 500 ETFSPYMunder 0.1%
• IsharesEMXCunder 0.1%
• iShares Russell Mid-cap ETFIWRunder 0.1%
• iShares Core U.s. Aggregate ETFAGGunder 0.1%
• J P Morgan Exchange Traded FundJEPIunder 0.1%
• State Str Spdr S&P Midcap 40MDYunder 0.1%
• iShares Russell 1000 Value E ETFIWDunder 0.1%
• SPDR Gold Shares ETFGLDunder 0.1%
• Vanguard Mrngstar GR ETF-sui ETFVUGunder 0.1%
• iShares Core S&P Total U.s ETFITOTunder 0.1%
• J P Morgan Exchange Traded FundJEPQunder 0.1%
• Global X MLP & Energy Infras ETFMLPXunder 0.1%
• DBX ETF TrHDEFunder 0.1%
• Amazon.comAMZNunder 0.1%
• Schwab International DVD ETFSCHYunder 0.1%
• iShares Short-term National ETFSUBunder 0.1%
• iShares Russell Top 200 Grow ETFIWYunder 0.1%
• AlphabetGOOGL · GOOGunder 0.1%
• Meta PlatformsMETAunder 0.1%
• Fidelity Momentum Factor ETFFDMOunder 0.1%
• Invesco Exchange Traded Fund TRSPunder 0.1%
• Sprott Asset ManagementPHYSunder 0.1%
• WisdomTree Emerging Markets ETFDGREunder 0.1%
• iShares Core S&P Small-cap E ETFIJRunder 0.1%
• Vanguard International Equity Index FVEUunder 0.1%
• CaterpillarCATunder 0.1%
• MastercardMAunder 0.1%
• ProgressivePGRunder 0.1%
• Invesco QQQ Trust Series 1 ETFQQQunder 0.1%
• iShares Russell Mid-cap Grow ETFIWPunder 0.1%
• iShares Russell 2000 Growth ETFIWOunder 0.1%
• iShares International Div Growth ETFIGROunder 0.1%
• Vanguard Index FundsVOunder 0.1%
• JPMorgan ChaseJPMunder 0.1%
• Vanguard Extended Market ETFVXFunder 0.1%
• iShares Msci Emerging Market ETFEEMunder 0.1%
• Vanguard Total Bond Market ETFBNDunder 0.1%
• iShares International Equity ETFINTFunder 0.1%
• iShares Russell 1000 ETFIWBunder 0.1%
• CintasCTASunder 0.1%
• NVIDIANVDAunder 0.1%
• Spdr Index SHS FundsQEFAunder 0.1%
• FirstServiceFSVunder 0.1%
• Vanguard International Equity Index FVWOunder 0.1%
• Dimensional ETF TrustDFUVunder 0.1%
• Berkshire HathawayBRK/Bunder 0.1%