Partners Capital Investment Group, LLP portfolio

What changed this quarter

138 positions with a change (26 new, 36 added to, 63 trimmed, 13 sold); also, 1 exited through an acquisition or merger. 2 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• iShares Core S&P 500 ETF−11%fewer sharesReduced
  20.2% → 19.4%
• Vanguard International Equity Index F+23%more sharesIncreased
  2.6% → 3.4%

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

• iShares Core S&P 500 ETFIVV19.4%
• IsharesIEMG6.2%
• Vanguard Short-term Treasury ETFVGSH5.7%
• Isha Curr Hedged Msci Eafe ETFHEFA5.7%
• Vanguard Mrngstr Val ETF-aui ETFVTV5.4%
• Vanguard S&P 500 ETFVOO4.0%
• IsharesEMXC3.8%
• iShares 0-5 Year Tips Bond E ETFSTIP3.7%
• Vanguard International Equity Index FVT3.4%
• iShares Core Msci Eafe ETFIEFA3.3%
• DBX ETF TrDBJP2.5%
• iShares Core S&P Total U.s ETFITOT2.4%
• iShares 0-3 Month Treasury B ETFSGOV2.2%
• iShares Tips Bond ETFTIP2.2%
• iShares 7-10 Year Treasury B ETFIEF1.7%
• iShares Global Reit ETFREET1.6%
• Vanguard Intermediate-term T ETFVGIT1.4%
• iShares Msci Acwi ETFACWI1.3%
• State Str Spdr S&P 500 ETF TSPY1.3%
• SynopsysSNPS1.3%
• iShares Gold Trust ETFIAUUSD1.1%
• IsharesLEMB0.8%
• WisdomTree Japan Hedged Eq ETFDXJ0.7%
• iShares Short-term National ETFSUB0.7%
• Vanguard Russell 2000 ETFVTWO0.7%
• Isha Curr Hedged Msci Japan ETFHEWJ0.7%
• iShares CUR HDG Msci Acwi-x ETFHAWX0.7%
• State Street SPDR S&P 500 Foss FL ETFSPYX0.6%
• Columbia EM Core Ex-china ETFXCEM0.6%
• Vaneck ETF TrustEMLC0.6%
• iShares 1-3 Year Treasury BO ETFSHY0.6%
• IsharesEWJ0.5%
• Vanguard Real Estate ETFVNQ0.5%
• State Street SPDR BB 1-3m T-bill ETFBIL0.5%
• TCW ETF TrustPWRD0.5%
• iShares Russell 3000 ETFIWV0.5%
• Spdr Series TrustBILS0.4%
• DBX ETF TrDBEF0.4%
• State Street Energy Select Sector ETFXLE0.4%
• iShares Broad USD High Yield ETFUSHY0.3%
• Vaneck ETF TrustISRA0.3%
• Invesco QQQ Trust Series 1 ETFQQQ0.3%
• Vanguard S/t Corp Bond ETFVCSH0.3%
• AlphabetGOOGL · GOOG0.3%
• iShares Msci China ETFMCHI0.3%
• iShares 3-7 Year Treasury BO ETFIEI0.3%
• Vanguard Index FundsVTI0.2%
• IsharesEPP0.2%
• iShares 0-1 Year Treasury BO ETFSHV0.2%
• iShares Msci Emerging Market ETFEEM0.2%
• iShares Msci USA Quality FAC ETFQUAL0.2%
• Taiwan Semiconductor ManufacturingTSM0.2%
• DeereDE0.2%
• MasTecMTZ0.2%
• SPDR Gold Shares ETFGLD0.2%
• Linde0.2%
• iShares Msci Eafe ETFEFA0.2%
• Seagate Technology HoldingsSTX · STX0.2%
• Pg&ePCG0.1%
• United RentalsURI0.1%
• iShares National Muni Bond E ETFMUB0.1%
• Meta PlatformsMETA0.1%
• Vanguard International Equity Index FVPL0.1%
• iShares ESG Aware Msci USA ETFESGU0.1%
• Invesco Exchange Traded Fund TRSP0.1%
• NovartisNVSEF0.1%
• Bristol-myers SquibbBMY0.1%
• Hilton Worldwide HoldingsHLT0.1%
• iShares Russell 2000 ETFIWM0.1%
• Vulcan MaterialsVMC0.1%
• TransDigm GroupTDG0.1%
• Vanguard Short-term Tips ETFVTIP0.1%
• VisaV0.1%
• BroadcomAVGO0.1%
• NewsNWSA0.1%
• Charles SchwabSCHW0.1%
• iShares Msci USA Min Vol FAC ETFUSMV0.1%
• Capital One FinancialCOF0.1%
• Domino’s PizzaDPZ0.1%
• Ishars RES and Multi Reales ETFREZ0.1%
• Phillips 66PSX0.1%
• iShares Semiconductor ETFSOXX0.1%
• S&P GlobalSPGI0.1%
• DBX ETF TrDBEU0.1%
• Invesco China Technology ETFCQQQ0.1%
• IsharesURTH0.1%
• Intercontinental ExchangeICE0.1%
• IGM Financial InIGIFF0.1%
• iShares Expanded Tech Sector ETFIGM0.1%
• Microchip TechnologyMCHP0.1%
• SalesforceCRM0.1%
• iShares Expanded Tech-softwa ETFIGV0.1%
• Howmet AerospaceHWM0.1%
• Global X Cybersecurity ETFBUG0.1%
• Ssga Active ETF TrSRLN0.1%
• iShares Core 60/40 Balanced ETFAOR0.1%
• United TherapeuticsUTHR0.1%
• iShares Russell Mid-cap ETFIWR0.1%