Independent Advisor Alliance portfolio

What changed this quarter

1563 positions with a change (90 new, 366 added to, 475 trimmed, 632 sold); also, 2 entered through an IPO, 3 exited through an acquisition or merger, 2 entered through a spin-off. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• STE Str SPDR PT S&P 500 ETF−92%fewer sharesReduced
  3.7% → 0.7%
• Invesco Nasdaq 100 ETF−96%fewer sharesReduced
  2.1% → 0.2%
• State Street SPDR P S&P 500 Growth ETF−98%fewer sharesReduced
  1.9% → 0.1%
• State Str Spdr S&P 500 ETF T−94%fewer sharesReduced
  1.7% → 0.2%
• State Street SPDR P S&P 500 Value ETF−97%fewer sharesReduced
  1.7% → 0.1%
• iShares Core S&P 500 ETF−87%fewer sharesReduced
  1.7% → 0.5%
• STE Str SPDR PT DW EU ETF−91%fewer sharesReduced
  1.1% → 0.2%
• Capital Group Growth ETF−0.9 ppof portfolioSold out
  0.9% → —
• Invesco QQQ Trust Series 1 ETF−95%fewer sharesReduced
  0.9% → 0.1%
• Vanguard Dividend Apprec ETF−97%fewer sharesReduced
  0.9% → 0.1%
• Invesco Exchange Traded Fund T−0.9 ppof portfolioSold out
  0.9% → —
• J P Morgan Exchange Traded Fund−0.8 ppof portfolioSold out
  0.8% → —

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

• NVIDIANVDA11.1%
• AppleAAPL6.0%
• Ameris BancorpABCB5.6%
• AlphabetGOOG · GOOGL4.1%
• Advanced Micro DevicesAMD3.9%
• Amazon.comAMZN3.1%
• MicrosoftMSFT2.7%
• BroadcomAVGO1.8%
• Micron TechnologyMU1.5%
• Berkshire HathawayBRK/B1.5%
• Meta PlatformsMETA1.3%
• TeslaTSLA1.2%
• Eli LillyLLY1.2%
• JPMorgan ChaseJPM1.0%
• Home DepotHD0.9%
• Exxon MobilXOM0.8%
• SPDR Gold Shares ETFGLD0.8%
• CaterpillarCAT0.8%
• WalmartWMT0.7%
• STE Str SPDR PT S&P 500 ETFSPYM0.7%
• IntelINTC0.6%
• VisaV0.6%
• Johnson & JohnsonJNJ0.6%
• Costco WholesaleCOST0.5%
• AbbVieABBV0.5%
• Mitek SystemsMITK0.5%
• iShares Core S&P 500 ETFIVV0.5%
• Lam ResearchLRCX0.5%
• Coca-ColaKO0.5%
• Palo Alto NetworksPANW0.5%
• Vanguard Index FundsVTI0.4%
• Taiwan Semiconductor ManufacturingTSM0.4%
• Procter & GamblePG0.4%
• Applied MaterialsAMAT0.4%
• Truist FinancialTFC0.4%
• GE VernovaGEV0.4%
• International Business MachinesIBM0.4%
• Duke EnergyDUK0.4%
• First Trust Grwth Strgth ETFFTGS0.4%
• ASML HoldingASML0.4%
• Simon Property GroupSPG0.4%
• NetflixNFLX0.4%
• Bank of AmericaBAC0.3%
• Cisco SystemsCSCO0.3%
• Palantir TechnologiesPLTR0.3%
• MastercardMA0.3%
• ChevronCVX0.3%
• MerckMRK0.3%
• SouthernSO0.3%
• KLAKLAC0.3%
• Philip Morris InternationalPM0.3%
• CorningGLW0.3%
• GE AerospaceGE0.3%
• Lowe'sLOW0.3%
• Marvell TechnologyMRVL0.3%
• Quanta ServicesPWR0.3%
• AmgenAMGN0.3%
• Analog DevicesADI0.3%
• McDONALD’SMCD0.3%
• Comfort Systems USAFIX0.2%
• State Str Spdr S&P 500 ETF TSPY0.2%
• CintasCTAS0.2%
• CitigroupC0.2%
• PepsicoPEP0.2%
• OracleORCL0.2%
• American ExpressAXP0.2%
• UnitedHealth GroupUNH0.2%
• STE Str SPDR PT DW EU ETFSPDW0.2%
• Invesco Nasdaq 100 ETFQQQM0.2%
• Morgan StanleyMS0.2%
• QualcommQCOM0.2%
• Goldman Sachs GroupGS0.2%
• EatonETN0.2%
• Altria GroupMO0.2%
• CrowdStrike HoldingsCRWD0.2%
• Space Exploration TechnologiesSPCX0.2%
• ARM HoldingsARM0.2%
• PNC Financial Services GroupPNC0.2%
• American Centy ETF TrAVMC0.2%
• iShares 20+ Year Treasury BD ETFTLT0.2%
• Nextera EnergyNEE0.2%
• RTXRTX0.2%
• Verizon CommunicationsVZ0.2%
• United Parcel ServiceUPS0.2%
• DeereDE0.2%
• Lockheed MartinLMT0.2%
• Seagate Technology HoldingsSTX0.2%
• Vanguard Total International Stock ETFVXUS0.2%
• Western DigitalWDC0.2%
• ServiceNowNOW0.2%
• Arista NetworksANET0.2%
• Wells FargoWFC0.2%
• American Electric PowerAEP0.2%
• TJXTJX0.2%
• American Centy ETF TrAVUV0.2%
• Enterprise Products PartnersEPD0.2%
• First Trust Nasdaq Cybersecu ETFCIBR0.1%
• First Trust Low Duration OPP ETFLMBS0.1%
• First Trust Morn DVD Lead In ETFFDL0.1%