Columbus Macro portfolio

What changed this quarter

153 positions with a change (10 new, 96 added to, 38 trimmed, 9 sold); also, 1 entered through an IPO. 6 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Rayonier−0.9 ppof portfolioSold out
  0.9% → —
• Pembina Pipeline+0.8 ppof portfolioNew
  — → 0.8%
• Rexford Industrial Realty+0.7 ppof portfolioNew
  — → 0.7%
• Enbridge−43%fewer sharesReduced
  1.9% → 0.9%
• Global X MLP ETF−0.6 ppof portfolioSold out
  0.6% → —
• South BOW+0.6 ppof portfolioNew
  — → 0.6%

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 Msci DEV Mkts ETFIDEV2.1%
• Global X Variable Rate Pref ETFPFFV2.0%
• iShares Core S&P 500 ETFIVV1.9%
• J P Morgan Exchange Traded FundJEPI1.8%
• Vanguard Emerg Mkts GOV BND ETFVWOB1.8%
• Oneok1.7%
• iShares Ingr Corp BD B/w ETFLQDW1.6%
• Kinder MorganKMI1.6%
• Antero MidstreamAM1.6%
• IsharesIEMG1.6%
• DBX ETF TrHYDW1.5%
• Broadstone Net LeaseBNL1.5%
• Abrdn EtfsBCD1.5%
• Schwab US Aggregate Bond ETFSCHZ1.4%
• DBX ETF TrHDEF1.3%
• Williams CompaniesWMB1.2%
• Omega Healthcare InvestorsOHI1.2%
• AppleAAPL1.2%
• Vanguard International Equity Index FVSS1.1%
• Annaly Capital ManagementNLY1.1%
• Parker-hannifinPH1.1%
• NucorNUE1.1%
• Ares CapitalARCC1.1%
• QualcommQCOM1.1%
• Johnson & JohnsonJNJ1.1%
• Schwab 1-5 Yr Corp BND ETFSCHJ1.0%
• iShares 0-5 Year Tips Bond E ETFSTIP1.0%
• Colgate-palmoliveCL1.0%
• Vanguard S&P 500 ETFVOO1.0%
• Public StoragePSA1.0%
• KLAKLAC1.0%
• Millrose PropertiesMRP1.0%
• Graniteshares Gold Trust ETFBAR1.0%
• iShares Core U.s. Aggregate ETFAGG1.0%
• Cardinal HealthCAH1.0%
• State Street SPDR P Int C Corp ETFSPIB1.0%
• Altria GroupMO0.9%
• EnbridgeENB0.9%
• BroadcomAVGO0.9%
• Blackstone Secured Lending FundBXSL0.9%
• Mid-america Apartment CommunitiesMAA0.9%
• Capital SouthwestCSWC0.9%
• MicrosoftMSFT0.9%
• AmgenAMGN0.8%
• J P Morgan Exchange Traded FundJQUA0.8%
• W.W. GraingerGWW0.8%
• Kayne Anderson BDCKBDC0.8%
• AbbVieABBV0.8%
• AflacAFL0.8%
• Automatic Data ProcessingADP0.8%
• Pembina PipelinePBA0.8%
• CumminsCMI0.8%
• iShares Core Msci Pacific ET ETFIPAC0.7%
• Rexford Industrial RealtyREXR0.7%
• Lockheed MartinLMT0.7%
• Exchange Listed Funds TrCEFS0.7%
• Bain Capital Specialty FinanceBCSF0.7%
• CintasCTAS0.7%
• WalmartWMT0.7%
• L3harris TechnologiesLHX0.7%
• BlackRockBLK0.7%
• Vanguard Index FundsVBR0.7%
• Apple Hospitality ReitAPLE0.6%
• iShares Core S&P U.s. Value ETFIUSV0.6%
• iShares Core S&P Small-cap E ETFIJR0.6%
• Blue OWL CapitalOBDC0.6%
• Schwab US Large-cap Value ETFSCHV0.6%
• South BOWSOBO0.6%
• Amplify Blockchain Tech ETFBLOK0.6%
• Cboe Global MarketsCBOE0.6%
• Goldman Sachs BDCGSBD0.6%
• Vanguard Ftse Developed ETFVEA0.6%
• iShares Core S&P Total U.s ETFITOT0.6%
• iShares Russell 1000 Value E ETFIWD0.6%
• DBX ETF TrDBEF0.5%
• Home DepotHD0.5%
• iShares Core S&P U.s. Growth ETFIUSG0.5%
• Schwab International Small-cap Equity ETFSCHC0.5%
• iShares MBS ETFMBB0.5%
• Vanguard International Equity Index FVWO0.5%
• GarminGRMN0.5%
• Motorola SolutionsMSI0.5%
• Schwab High Yield Bond ETFSCYB0.5%
• iShares Russell 1000 Growth ETFIWF0.5%
• Schwab US Mid Cap ETFSCHM0.5%
• Schwab US Large-cap Growth ETFSCHG0.5%
• CitigroupC0.5%
• VICI PropertiesVICI0.5%
• Armour Residential ReitARR0.5%
• Cisco SystemsCSCO0.5%
• AmetekAME0.4%
• Analog DevicesADI0.4%
• Ishares TrIUSB0.4%
• Ross StoresROST0.4%
• Vanguard Extended DUR Treas ETFEDV0.4%
• Schwab U.s. Tips ETFSCHP0.4%
• Vanguard Mortgage-backed Sec ETFVMBS0.4%
• Vanguard International Equity Index FVEU0.4%
• Exxon MobilXOM0.3%
• State StreetSTT0.3%