Phoenix Financial portfolio

What changed this quarter

488 positions with a change (91 new, 193 added to, 144 trimmed, 60 sold); also, 7 entered through an IPO, 2 exited through an acquisition or merger, 1 entered through a spin-off. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Taiwan Semiconductor Manufacturing+2,028%more sharesIncreased
  0.2% → 3.8%
• iShares U.s. Aerospace & DEF ETF+21,978%more sharesIncreased
  under 0.1% → 2.1%
• State Street Industrial Select Sector ETF+50%more sharesIncreased
  4.3% → 5.4%
• Global-E Online+2,213%more sharesIncreased
  0.1% → 1.3%
• Palo Alto Networks+225%more sharesIncreased
  0.4% → 1.7%
• Onto Innovation+1.0 ppof portfolioNew
  — → 1.0%
• Amazon.com−28%fewer sharesReduced
  4.0% → 2.4%
• iShares U.s. Oil Equipment ETF+0.9 ppof portfolioNew
  — → 0.9%
• Vistra Operations+7,545%more sharesIncreased
  under 0.1% → 0.8%
• Cloudflare+151%more sharesIncreased
  0.6% → 1.4%
• Elbit Systems+55%more sharesIncreased
  2.0% → 2.0%
• Listed Funds Tr+0.7 ppof portfolioNew
  — → 0.7%

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

• TEVA Pharmaceutical IndustriesTEVA9.9%
• Tower SemiconductorTSEM6.2%
• State Street Industrial Select Sector ETFXLI5.4%
• iShares Global Tech ETFIXN4.0%
• Taiwan Semiconductor ManufacturingTSM3.8%
• Invesco Exchange Traded Fund TRSP3.4%
• NVIDIANVDA3.2%
• AlphabetGOOG · GOOGL2.8%
• Amazon.comAMZN2.4%
• NovaNVMI2.3%
• Vanguard Russell 1000 Value ETFVONV2.2%
• iShares U.s. Aerospace & DEF ETFITA2.1%
• Elbit SystemsESLT2.0%
• MicrosoftMSFT2.0%
• iShares Global Healthcare ET ETFIXJ1.8%
• Palo Alto NetworksPANW1.7%
• BroadcomAVGO1.7%
• iShares Msci Acwi ETFACWI1.6%
• AppleAAPL1.4%
• CloudflareNET1.4%
• Emerson ElectricEMR1.3%
• Expand EnergyEXE1.3%
• State Street Technology Select Sector ETFXLK1.3%
• Global-E OnlineGLBE1.3%
• IsharesEWZ1.2%
• State Street Health Care Select Sector ETFXLV1.1%
• Corgi Litho & Semicond Photo ETFEUV1.0%
• iShares US Financials ETFIYF1.0%
• ONTO InnovationONTO1.0%
• iShares U.s. Oil Equipment ETFIEZ0.9%
• St SR UTL SL SE SPDR ETF-usd ETFXLU0.9%
• Vistra OperationsVST0.8%
• Applied MaterialsAMAT0.8%
• State Str Spdr S&P 500 ETF TSPY0.8%
• iShares Expanded Tech-softwa ETFIGV0.8%
• Eli LillyLLY0.8%
• GlobalfoundriesGFS0.7%
• Wells FargoWFC0.7%
• Listed Funds TrMAGS0.7%
• Enlight Renewable EnergyENLT0.7%
• Forgent Power SolutionsFPS0.6%
• State Street Financial Select Sector ETFXLF0.6%
• Cellebrite DICLBT0.6%
• Boston ScientificBSX0.6%
• State Street Energy Select Sector ETFXLE0.5%
• ICL GroupICL0.5%
• State Street Comm Select Sector SPDR ETFXLC0.5%
• Sprott Uranium Miners ETFURNM0.4%
• iShares Msci China ETFMCHI0.4%
• NICENICE0.4%
• State Street SPDR S&P Retail ETFXRT0.4%
• Ormat TechnologiesORA0.4%
• iShares Msci Emerging Market ETFEEM0.4%
• iShares U.s. Healthcare Prov ETFIHF0.4%
• iShares Msci India ETFINDA0.4%
• Firefly AerospaceFLY0.4%
• Gilat Satellite NetworksGILT0.3%
• Global X Copper Miners ETFCOPX0.3%
• Invesco QQQ Trust Series 1 ETFQQQ0.3%
• iShares U.s. Broker-dealers ETFIAI0.3%
• Meta PlatformsMETA0.3%
• State Street Real Estate Select Sector ETFXLRE0.3%
• Micron TechnologyMU0.3%
• iShares Global Industrials E ETFEXI0.3%
• Matthews InternationalMATW0.3%
• CamtekCAMT0.3%
• Select Sector Spdr TrXLP0.3%
• Advanced Micro DevicesAMD0.3%
• MastercardMA0.2%
• OracleORCL0.2%
• Vaneck ETF TrustGDX0.2%
• Ingersoll RandIR0.2%
• NayaxNYAX0.2%
• UnitedHealth GroupUNH0.2%
• StratasysSSYS0.2%
• TeslaTSLA0.2%
• iShares Core S&P 500 ETFIVV0.1%
• Exxon MobilXOM0.1%
• SindaSIND0.1%
• VisaV0.1%
• Vaneck ETF TrustSMH0.1%
• RiskifiedRSKD0.1%
• Sunshine Silver Mining & RefiningSSMR0.1%
• JPMorgan ChaseJPM0.1%
• TAT TechnologiesTATT0.1%
• Berkshire HathawayBRK/B0.1%
• KamadaKMDA0.1%
• AbbVieABBV0.1%
• Johnson & JohnsonJNJ0.1%
• UBER TechnologiesUBER0.1%
• State Street SPDR P Int C Corp ETFSPIB0.1%
• Sol-Gel TechnologiesSLGL0.1%
• Vanguard S&P 500 ETFVOO0.1%
• Mobileye GlobalMBLY0.1%
• Cisco SystemsCSCO0.1%
• iShares 5-10y INV Grade ETFIGIB0.1%
• GE VernovaGEV0.1%
• Costco WholesaleCOST0.1%
• CitigroupC0.1%