Qube Research & Technologies portfolio

What changed this quarter

3013 positions with a change (592 new, 991 added to, 809 trimmed, 621 sold); also, 17 entered through an IPO, 45 exited through an acquisition or merger, 9 entered through a spin-off. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Alphabet−1.3 ppof portfolioReduced
  1.7% → 0.4%
• State Str Spdr S&P 500 ETF T+1.1 ppof portfolioNew
  — → 1.1%
• Micron Technology−66%fewer sharesReduced
  1.1% → 1.0%
• Intel+0.7 ppof portfolioNew
  — → 0.7%
• Invesco QQQ Trust Series 1 ETF+0.7 ppof portfolioNew
  — → 0.7%
• Advanced Micro Devices+55,537%more sharesIncreased
  under 0.1% → 0.7%
• Chevron+181%more sharesIncreased
  0.6% → 1.0%
• Western Digital+0.7 ppof portfolioNew
  — → 0.7%
• UnitedHealth Group+0.6 ppof portfolioNew
  — → 0.6%
• Goldman Sachs Group+339%more sharesIncreased
  0.2% → 0.8%
• Exxon Mobil+0.6 ppof portfolioNew
  — → 0.6%
• Apple−34%fewer sharesReduced
  2.0% → 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

• Amazon.comAMZN1.2%
• AppleAAPL1.2%
• State Str Spdr S&P 500 ETF TSPY1.1%
• ChevronCVX1.0%
• SandiskSNDK1.0%
• Micron TechnologyMU1.0%
• JPMorgan ChaseJPM0.9%
• Goldman Sachs GroupGS0.8%
• NVIDIANVDA0.8%
• IntelINTC0.7%
• Invesco QQQ Trust Series 1 ETFQQQ0.7%
• Advanced Micro DevicesAMD0.7%
• Wells FargoWFC0.7%
• CitigroupC0.7%
• MicrosoftMSFT0.7%
• Western DigitalWDC0.7%
• UnitedHealth GroupUNH0.6%
• Warner Bros. DiscoveryWBD0.6%
• Exxon MobilXOM0.6%
• SalesforceCRM0.6%
• Seagate Technology HoldingsSTX0.6%
• PepsicoPEP0.5%
• Parker-hannifinPH0.5%
• Hewlett Packard EnterpriseHPE0.5%
• Bloom EnergyBE0.5%
• ATIATI0.5%
• Eli LillyLLY0.5%
• MastercardMA0.4%
• Intercontinental ExchangeICE0.4%
• Cisco SystemsCSCO0.4%
• McKESSONMCK0.4%
• Berkshire HathawayBRK/B0.4%
• Gilead SciencesGILD0.4%
• Boston ScientificBSX0.4%
• HalliburtonHAL0.4%
• Atmos EnergyATO0.4%
• AmetekAME0.4%
• Credo Technology Group HoldingCRDO0.4%
• State Str Spdr DOW Jones INDDIA0.4%
• Hilton Worldwide HoldingsHLT0.4%
• 3mMMM0.4%
• CME GroupCME0.4%
• IntuitINTU0.4%
• QualcommQCOM0.4%
• OracleORCL0.4%
• JabilJBL0.4%
• Texas InstrumentsTXN0.4%
• Northrop GrummanNOC0.4%
• PPLPPL0.4%
• Capital One FinancialCOF0.4%
• General MotorsGM0.4%
• T-mobile USTMUS0.4%
• Hartford Insurance GroupHIG0.4%
• Devon EnergyDVN0.4%
• Lockheed MartinLMT0.4%
• Bank of AmericaBAC0.3%
• Lam ResearchLRCX0.3%
• TapestryTPR0.3%
• Janus Henderson GroupJHG0.3%
• Keysight TechnologiesKEYS0.3%
• MACOM Technology Solutions HoldingsMTSI0.3%
• O Reilly AutomotiveORLY0.3%
• Morgan StanleyMS0.3%
• Ferguson EnterprisesFERG0.3%
• Norfolk SouthernNSC0.3%
• Casey’s General StoresCASY0.3%
• NucorNUE0.3%
• ConocoPhillipsCOP0.3%
• EMCOR GroupEME0.3%
• UBS GroupUBS0.3%
• Occidental PetroleumOXY0.3%
• MKSMKSI0.3%
• Costco WholesaleCOST0.3%
• RIO TintoRIO0.3%
• Cheniere EnergyLNG0.3%
• AmphenolAPH0.3%
• FLEXFLEX0.3%
• Ralph LaurenRL0.3%
• Bank of New York MellonBNY0.3%
• WoodwardWWD0.3%
• EquinixEQIX0.3%
• Elevance HealthELV0.3%
• Thermo Fisher ScientificTMO0.3%
• Ross StoresROST0.3%
• Lowe'sLOW0.3%
• FedExFDX0.3%
• NewmontNEM0.3%
• Howmet AerospaceHWM0.3%
• Alnylam PharmaceuticalsALNY0.3%
• nVent ElectricNVT0.3%
• eBayEBAY0.3%
• Johnson Controls InternationalJCI0.3%
• RokuROKU0.3%
• Trane TechnologiesTT0.3%
• AlbemarleALB0.2%
• Republic ServicesRSG0.2%
• Zoom CommunicationsZM0.2%
• MedtronicMDT0.2%
• AlphabetGOOGL0.2%
• American International GroupAIG0.2%