Synergy Asset Management portfolio

What changed this quarter

284 positions with a change (70 new, 88 added to, 84 trimmed, 42 sold); also, 2 entered through an IPO. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• State Street SPDR BB 1-3m T-bill ETF−82%fewer sharesReduced
  10.2% → 1.6%
• AbbVie+704%more sharesIncreased
  0.5% → 4.3%
• Bank of America+1,818%more sharesIncreased
  0.1% → 2.7%
• RTX+2.3 ppof portfolioNew
  — → 2.3%
• Deere+1.8 ppof portfolioNew
  — → 1.8%
• Anaptysbio−1.7 ppof portfolioSold out
  1.9% → —
• Dolby Laboratories−1.6 ppof portfolioSold out
  1.9% → —
• Mueller Industries−98%fewer sharesReduced
  1.6% → under 0.1%
• Microsoft+28%more sharesIncreased
  5.7% → 6.5%
• Broadcom−45%fewer sharesReduced
  2.8% → 1.6%
• Interdigital−1.2 ppof portfolioSold out
  1.4% → —
• Diamondback Energy+5,698%more sharesIncreased
  under 0.1% → 1.2%

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

• MicrosoftMSFT6.5%
• NVIDIANVDA6.2%
• AbbVieABBV4.3%
• AlphabetGOOGL4.0%
• Amazon.comAMZN3.9%
• AppleAAPL3.7%
• iShares 0-3 Month Treasury B ETFSGOV3.6%
• Oruka TherapeuticsORKA3.2%
• VisaV3.0%
• AmphenolAPH2.8%
• Bank of AmericaBAC2.7%
• Meta PlatformsMETA2.7%
• Micron TechnologyMU2.4%
• Ascendis Pharma A/SASND2.3%
• RTXRTX2.3%
• DeereDE1.8%
• BroadcomAVGO1.6%
• State Street SPDR BB 1-3m T-bill ETFBIL1.6%
• Lam ResearchLRCX1.6%
• Vanguard Index FundsVTI1.5%
• TeslaTSLA1.4%
• McEWENMUX1.4%
• Diamondback EnergyFANG1.2%
• Cisco SystemsCSCO1.0%
• Coca-ColaKO1.0%
• Invesco QQQ Trust Series 1 ETFQQQ1.0%
• Costco WholesaleCOST0.9%
• iShares Core S&P Small-cap E ETFIJR0.8%
• Berkshire HathawayBRK/B0.6%
• JPMorgan ChaseJPM0.6%
• EatonETN0.6%
• Eli LillyLLY0.6%
• VICI PropertiesVICI0.6%
• State Str Spdr S&P Midcap 40MDY0.6%
• iShares Core U.s. Aggregate ETFAGG0.5%
• Boston ScientificBSX0.5%
• Wells FargoWFC0.5%
• First Tr Exchng Traded Fund VIFAUG0.5%
• Invesco S&P 500 Momentum ETFSPMO0.5%
• AmcorAMCR0.5%
• NetflixNFLX0.5%
• CencoraCOR0.4%
• Intuitive SurgicalISRG0.4%
• Advanced Micro DevicesAMD0.4%
• Invesco Exchange Traded Fund TRSP0.4%
• US Bancorp \de\USB0.4%
• ChevronCVX0.4%
• SanofiSNY0.4%
• iShares Msci USA Value Facto ETFVLUE0.4%
• Smurfit WestrockSW0.4%
• iShares Europe ETFIEV0.4%
• Realty IncomeO0.3%
• Vanguard International Equity Index FVEU0.3%
• Verizon CommunicationsVZ0.3%
• First Trust ENH Short MAT FundFTSM0.3%
• CaterpillarCAT0.3%
• First Trust Rising Dividend ETFRDVY0.3%
• UGIUGI0.3%
• Sonoco ProductsSON0.3%
• Invesco Exchange Traded Fund TRZG0.3%
• Kimberly ClarkKMB0.3%
• Flexshares TrIQDY0.3%
• Black HillsBKH0.3%
• Axis Capital HoldingsAXS0.3%
• WEC Energy GroupWEC0.3%
• IsharesEPP0.3%
• Vanguard Mrngstar GR ETF-sui ETFVUG0.2%
• iShares Msci USA Momentum FA ETFMTUM0.2%
• Clearway EnergyCWEN0.2%
• GE AerospaceGE0.2%
• State Str Spdr S&P 500 ETF TSPY0.2%
• MedtronicMDT0.2%
• Essential UtilitiesWTRG0.2%
• First Trust Nasdaq Semicondu ETFFTXL0.2%
• First Trust International Eq ETFFPXI0.2%
• iShares International Aggregate Bond ETFIAGG0.2%
• At&tT0.2%
• Taiwan Semiconductor ManufacturingTSM0.2%
• Dimensional ETF TrustDFUS0.2%
• Vanguard Ftse Developed ETFVEA0.2%
• Vanguard Intermediate-term B ETFBIV0.2%
• ProShares High Yield Interes ETFHYHG0.2%
• iShares Fallen Angels ETFFALN0.2%
• Invesco Emerging Markets SOV ETFPCY0.2%
• iShares Convertible Bond ETFICVT0.2%
• GE VernovaGEV0.2%
• Procter & GamblePG0.2%
• InnovivaINVA0.2%
• Vanguard S&P 500 ETFVOO0.2%
• Western DigitalWDC0.2%
• Globe LifeGL0.2%
• Healthcare Services GroupHCSG0.2%
• Performance Food GroupPFGC0.1%
• BGC GroupBGC0.1%
• AST SpacemobileASTS0.1%
• L3harris TechnologiesLHX0.1%
• First Trust Low Duration OPP ETFLMBS0.1%
• Cheniere EnergyLNG0.1%
• First Tr Exchng Traded Fund VIFJUL0.1%
• Pg&ePCG0.1%