Verdence Capital Advisors portfolio

What changed this quarter

689 positions with a change (161 new, 354 added to, 116 trimmed, 58 sold); also, 2 entered through an IPO. 5 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Janus Henderson AAA CLO ETF+120%more sharesIncreased
  2.6% → 4.6%
• J P Morgan Exchange Traded Fund+1.0 ppof portfolioNew
  — → 1.0%
• Invesco S&P 500 Revenue ETF+0.9 ppof portfolioNew
  — → 0.9%
• iShares Treasury Floating RA ETF+0.8 ppof portfolioNew
  — → 0.8%
• State Street SPDR BB 1-3m T-bill ETF−18%fewer sharesReduced
  3.5% → 2.3%

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

• Janus Henderson AAA CLO ETFJAAA4.6%
• AppleAAPL3.2%
• State Street SPDR BB 1-3m T-bill ETFBIL2.3%
• MicrosoftMSFT2.2%
• AlphabetGOOGL · GOOG2.0%
• State Str Spdr S&P 500 ETF TSPY1.8%
• iShares Core U.s. Aggregate ETFAGG1.6%
• Amer Beac GLG Ntrl Rsrcs ETFMGNR1.6%
• iShares Floating Rate Bond E ETFFLOT1.5%
• Micron TechnologyMU1.4%
• NVIDIANVDA1.3%
• Amazon.comAMZN1.3%
• JPMorgan ChaseJPM1.3%
• Vanguard Russell 1000 Value ETFVONV1.3%
• New York Life Investments ETQAI1.2%
• Vanguard S&P 500 ETFVOO1.2%
• iShares Msci Eafe ETFEFA1.0%
• J P Morgan Exchange Traded FundJPST1.0%
• BroadcomAVGO1.0%
• Taiwan Semiconductor ManufacturingTSM1.0%
• VisaV1.0%
• iShares Msci Eafe Value ETFEFV0.9%
• Schwab US Large-cap Growth ETFSCHG0.9%
• Invesco S&P 500 Revenue ETFRWL0.9%
• Meta PlatformsMETA0.9%
• iShares Msci Emerging Market ETFEEM0.8%
• Exxon MobilXOM0.8%
• iShares Treasury Floating RA ETFTFLO0.8%
• iShares Russell 2000 ETFIWM0.8%
• Applied MaterialsAMAT0.8%
• iShares Russell Mid-cap ETFIWR0.8%
• KLAKLAC0.7%
• Costco WholesaleCOST0.7%
• Vanguard Mrngstar GR ETF-sui ETFVUG0.7%
• Invesco Exchange Traded Fund TRSP0.6%
• Thermo Fisher ScientificTMO0.6%
• W. P. CareyWPC0.6%
• iShares Core S&P 500 ETFIVV0.5%
• Vanguard Dividend Apprec ETFVIG0.5%
• Vanguard High DVD Yield ETFVYM0.5%
• iShares 0-5 Yr HY Corp Bond ETFSHYG0.5%
• SPDR Gold Shares ETFGLD0.5%
• Johnson & JohnsonJNJ0.5%
• Vanguard Total Bond Market ETFBND0.5%
• Vanguard Mrngstr Val ETF-aui ETFVTV0.4%
• AbbVieABBV0.4%
• BlackstoneBX0.4%
• Berkley W RWRB0.4%
• Take-two Interactive SoftwareTTWO0.4%
• ChubbCB0.4%
• Legg Mason ETF InvtLVHI0.4%
• United RentalsURI0.4%
• McKESSONMCK0.4%
• Eli LillyLLY0.4%
• ETF Opportunities TrustHGRO0.4%
• Berkshire HathawayBRK/B0.4%
• Vanguard S/t Corp Bond ETFVCSH0.4%
• TeslaTSLA0.4%
• Diamondback EnergyFANG0.4%
• ONTO InnovationONTO0.4%
• First Trust Smid Cap Rising ETFSDVY0.4%
• EvercoreEVR0.3%
• StrykerSYK0.3%
• OracleORCL0.3%
• iShares Sh DBA ETF USDNEAR0.3%
• IQVIA HoldingsIQV0.3%
• Apollo Global ManagementAPO0.3%
• Advanced Micro DevicesAMD0.3%
• CencoraCOR0.3%
• IntelINTC0.3%
• Cisco SystemsCSCO0.3%
• Vaneck ETF TrustFLTR0.3%
• Vanguard Real Estate ETFVNQ0.3%
• Procter & GamblePG0.3%
• Invesco Exchange Traded Fund TXMHQ0.3%
• Invesco Bulletshares 2026 CB ETFBSCQ0.3%
• MastercardMA0.3%
• Dollar GeneralDG0.3%
• ASML HoldingASML0.3%
• Invesco QQQ Trust Series 1 ETFQQQ0.3%
• AutoZoneAZO0.3%
• MerckMRK0.3%
• AmgenAMGN0.3%
• CRH publicCRH0.3%
• Invesco Bulletshares 2027 CB ETFBSCR0.3%
• Palantir TechnologiesPLTR0.3%
• Bank of AmericaBAC0.3%
• American ExpressAXP0.3%
• Invesco S&P 500 Low Volatili ETFSPLV0.2%
• Vanguard Index FundsVO0.2%
• S&P GlobalSPGI0.2%
• Verizon CommunicationsVZ0.2%
• Home DepotHD0.2%
• CaterpillarCAT0.2%
• Life Time Group HoldingsLTH0.2%
• ChevronCVX0.2%
• Burke & Herbert Financial ServicesBHRB0.2%
• Fidelity Enhanced Mid Cap ETFFMDE0.2%
• Permian ResourcesPR0.2%