NorthCoast Asset Management portfolio

What changed this quarter

404 positions with a change (35 new, 107 added to, 224 trimmed, 38 sold); also, 2 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−27%fewer sharesReduced
  6.8% → 5.5%
• Advanced Micro Devices−43%fewer sharesReduced
  1.2% → 1.9%
• Micron Technology−54%fewer sharesReduced
  1.0% → 1.5%
• J P Morgan Exchange Traded Fund+342%more sharesIncreased
  0.3% → 1.1%
• Ciena+7,703%more sharesIncreased
  under 0.1% → 0.8%
• Lam Research−36%fewer sharesReduced
  1.0% → 1.3%
• Stryker−99%fewer sharesReduced
  0.8% → under 0.1%
• Fidelity Msci Info Tech Indx ETF+200%more sharesIncreased
  0.2% → 0.9%
• Qualcomm−95%fewer sharesReduced
  0.6% → under 0.1%
• Marvell Technology−99%fewer sharesReduced
  0.6% → under 0.1%
• iShares Ibonds DEC 2026 Term ETF−24%fewer sharesReduced
  2.4% → 1.8%
• Salesforce−90%fewer sharesReduced
  0.8% → 0.1%

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

• AppleAAPL5.9%
• State Str Spdr S&P 500 ETF TSPY5.5%
• NVIDIANVDA4.0%
• iShares Core S&P 500 ETFIVV3.8%
• AlphabetGOOGL · GOOG3.7%
• MicrosoftMSFT3.3%
• Invesco Exchange Traded Fund TSPHQ2.5%
• Advanced Micro DevicesAMD1.9%
• iShares Ibonds DEC 2026 Term ETFIBTG1.8%
• Amazon.comAMZN1.6%
• iShares Ibonds DEC 2027 Term ETFIBTH1.6%
• BroadcomAVGO1.5%
• Micron TechnologyMU1.5%
• iShares MBS ETFMBB1.5%
• Lam ResearchLRCX1.3%
• UnitedHealth GroupUNH1.2%
• Meta PlatformsMETA1.1%
• J P Morgan Exchange Traded FundJPST1.1%
• Vertex PharmaceuticalsVRTX1.0%
• iShares 3-7 Year Treasury BO ETFIEI1.0%
• General MotorsGM1.0%
• Fidelity Msci Info Tech Indx ETFFTEC0.9%
• RTXRTX0.9%
• General DynamicsGD0.9%
• CitigroupC0.9%
• Bank of AmericaBAC0.8%
• IsharesIEMG0.8%
• Charles SchwabSCHW0.8%
• CienaCIEN0.8%
• TeslaTSLA0.7%
• Bristol-myers SquibbBMY0.7%
• iShares 1-5y INV Grade ETFIGSB0.7%
• NewmontNEM0.7%
• T-mobile USTMUS0.7%
• iShares 1-3 Year Treasury BO ETFSHY0.6%
• Taiwan Semiconductor ManufacturingTSM0.6%
• Schwab Fndmntl US LRG Co ETFFNDX0.6%
• AmphenolAPH0.6%
• Cardinal HealthCAH0.6%
• CVS HealthCVS0.6%
• AllstateALL0.6%
• iShares 5-10y INV Grade ETFIGIB0.6%
• iShares Core S&P Midcap ETFIJH0.6%
• Comfort Systems USAFIX0.6%
• EQTEQT0.6%
• Morgan StanleyMS0.5%
• Booking HoldingsBKNG0.5%
• Texas InstrumentsTXN0.5%
• Applied MaterialsAMAT0.5%
• iShares 0-5 Year Tips Bond E ETFSTIP0.5%
• UBER TechnologiesUBER0.5%
• FedExFDX0.5%
• Howmet AerospaceHWM0.5%
• ServiceNowNOW0.5%
• McKESSONMCK0.5%
• Parker-hannifinPH0.4%
• iShares 7-10 Year Treasury B ETFIEF0.4%
• Dollar GeneralDG0.4%
• Hilton Worldwide HoldingsHLT0.4%
• BlackRock ETF Trust IIBINC0.4%
• WelltowerWELL0.4%
• Berkshire HathawayBRK/B0.4%
• iShares Russell 1000 Value E ETFIWD0.4%
• Colgate-palmoliveCL0.4%
• Travelers CompaniesTRV0.4%
• Veeva SystemsVEEV0.4%
• BlackRock ETF TrustDYNF0.4%
• Gilead SciencesGILD0.4%
• MetLifeMET0.4%
• Fidelity Msci Indust Indx ETFFIDU0.4%
• Ameriprise FinancialAMP0.4%
• iShares Core S&P Small-cap E ETFIJR0.4%
• IsharesEWJ0.3%
• MastercardMA0.3%
• TE ConnectivityTEL0.3%
• NucorNUE0.3%
• Intercontinental ExchangeICE0.3%
• iShares 10-20 Year Treasury ETFTLH0.3%
• iShares Tips Bond ETFTIP0.3%
• Palo Alto NetworksPANW0.3%
• Nextera EnergyNEE0.3%
• IntuitINTU0.3%
• Cigna GroupCI0.3%
• OracleORCL0.3%
• ProgressivePGR0.3%
• IsharesEZU0.3%
• IsharesEWC0.3%
• American International GroupAIG0.3%
• Cboe Global MarketsCBOE0.3%
• Exxon MobilXOM0.2%
• Seagate Technology HoldingsSTX0.2%
• iShares Core U.s. Aggregate ETFAGG0.2%
• Dell TechnologiesDELL0.2%
• United Parcel ServiceUPS0.2%
• JPMorgan ChaseJPM0.2%
• BlackRock ETF Trust IICLOA0.2%
• OneokOKE0.2%
• iShares JP Morgan USD Emergi ETFEMB0.2%
• Invesco QQQ Trust Series 1 ETFQQQ0.2%