Moss Adams Wealth Advisors portfolio

What changed this quarter

355 positions with a change (81 new, 50 added to, 166 trimmed, 58 sold). 3 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• State Street SPDR S&P Biotech ETF+1.9 ppof portfolioNew
  — → 2.0%
• Vanguard Index Funds−5.0%fewer sharesReduced
  30.0% → 30.1%
• Vanguard Admiral Funds−69%fewer sharesReduced
  0.9% → 0.3%

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 Index FundsVTI30.1%
• J P Morgan Exchange Traded FundJCPB8.8%
• Global X US Infrastructure ETFPAVE5.9%
• Dimensional ETF TrustDFIC5.1%
• St SR UTL SL SE SPDR ETF-usd ETFXLU4.8%
• Global X Cybersecurity ETFBUG4.7%
• Vaneck ETF TrustSMH4.4%
• State Street Real Estate Select Sector ETFXLRE4.2%
• State Street Comm Select Sector SPDR ETFXLC3.5%
• AppleAAPL2.0%
• State Street SPDR S&P Biotech ETFXBI2.0%
• AlphabetGOOGL · GOOG1.4%
• iShares Russell 3000 ETFIWV1.2%
• STE Str SPDR PT DW EU ETFSPDW1.1%
• MicrosoftMSFT1.1%
• NVIDIANVDA1.1%
• Spdr Index SHS FundsSPEM0.8%
• Amazon.comAMZN0.7%
• Vanguard S&P 500 ETFVOO0.5%
• J P Morgan Exchange Traded FundJMUB0.4%
• Meta PlatformsMETA0.4%
• BroadcomAVGO0.4%
• Ishares TrHYG0.4%
• Exxon MobilXOM0.4%
• iShares Semiconductor ETFSOXX0.3%
• Eli LillyLLY0.3%
• Vanguard Utilities ETFVPU0.3%
• State Street Technology Select Sector ETFXLK0.3%
• State Str Spdr S&P 500 ETF TSPY0.3%
• Vanguard Admiral FundsVIOO0.3%
• JPMorgan ChaseJPM0.2%
• Micron TechnologyMU0.2%
• Invesco QQQ Trust Series 1 ETFQQQ0.2%
• Advanced Micro DevicesAMD0.2%
• iShares Russell 1000 Growth ETFIWF0.2%
• Johnson & JohnsonJNJ0.2%
• iShares Core S&P Small-cap E ETFIJR0.2%
• TeslaTSLA0.2%
• ASML HoldingASML0.2%
• Vanguard CA Tax-ex Bond ETFVTEC0.2%
• MastercardMA0.2%
• Invesco Exchange Traded Fund TRSP0.2%
• State Street SPDR DOW Jones ETFRWO0.2%
• Morgan StanleyMS0.2%
• iShares Core 80/20 Aggressiv ETFAOA0.1%
• SPDR Gold Shares ETFGLD0.1%
• iShares Core S&P 500 ETFIVV0.1%
• MerckMRK0.1%
• WalmartWMT0.1%
• VisaV0.1%
• Costco WholesaleCOST0.1%
• iShares National Muni Bond E ETFMUB0.1%
• iShares Core 60/40 Balanced ETFAOR0.1%
• iShares Core U.s. Aggregate ETFAGG0.1%
• RobloxRBLX0.1%
• AbbVieABBV0.1%
• Home DepotHD0.1%
• Cisco SystemsCSCO0.1%
• International Business MachinesIBM0.1%
• IntelINTC0.1%
• iShares S&P 500 Growth ETFIVW0.1%
• American ExpressAXP0.1%
• Vanguard Index FundsVO0.1%
• Palantir TechnologiesPLTR0.1%
• First Trust Nasdaq Cybersecu ETFCIBR0.1%
• AmgenAMGN0.1%
• Coca-ColaKO0.1%
• UnitedHealth GroupUNH0.1%
• Lam ResearchLRCX0.1%
• GE AerospaceGE0.1%
• Applied MaterialsAMAT0.1%
• Procter & GamblePG0.1%
• ChevronCVX0.1%
• Bank of AmericaBAC0.1%
• IsharesIEMG0.1%
• SandiskSNDK0.1%
• GE VernovaGEV0.1%
• NateraNTRA0.1%
• OracleORCL0.1%
• Regeneron PharmaceuticalsREGN0.1%
• CitigroupC0.1%
• Intercontinental ExchangeICE0.1%
• CaterpillarCAT0.1%
• Wells FargoWFC0.1%
• RTXRTX0.1%
• iShares Core Msci Eafe ETFIEFA0.1%
• Vanguard Total International Stock ETFVXUS0.1%
• Philip Morris InternationalPM0.1%
• DanaherDHR0.1%
• Palo Alto NetworksPANW0.1%
• Goldman Sachs GroupGS0.1%
• Thermo Fisher ScientificTMO0.1%
• Manulife FinancialMFC0.1%
• Vanguard Most Sm-cap ETF-usd ETFVB0.1%
• iShares ESG Aware Msci USA S ETFESML0.1%
• iShares Russell 1000 Value E ETFIWD0.1%
• Western DigitalWDC0.1%
• Nextera EnergyNEE0.1%
• NetflixNFLX0.1%