Waterloo Capital portfolio

What changed this quarter

538 positions with a change (117 new, 212 added to, 168 trimmed, 41 sold); also, 1 entered through an IPO, 2 exited through an acquisition or merger, 1 entered through a spin-off. 9 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• STE Str SPDR PT S&P 500 ETF+368%more sharesIncreased
  1.0% → 4.2%
• American Centy ETF Tr+2.6 ppof portfolioNew
  — → 2.6%
• iShares Core S&P 500 ETF−67%fewer sharesReduced
  3.7% → 1.1%
• Dimensional ETF Trust−98%fewer sharesReduced
  2.1% → under 0.1%
• Capital GRP Fixed Incm ETF T+1.0 ppof portfolioNew
  — → 1.0%
• State Street SPDR P S&P 500 Growth ETF+30%more sharesIncreased
  2.4% → 3.0%
• Asml Holding+331%more sharesIncreased
  0.1% → 0.7%
• State Street SPDR BB 1-3m T-bill ETF−94%fewer sharesReduced
  0.7% → under 0.1%
• iShares 7-10 Year Treasury B ETF+111%more sharesIncreased
  0.6% → 1.0%

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

• STE Str SPDR PT S&P 500 ETFSPYM4.2%
• WalmartWMT3.4%
• State Street SPDR P S&P 500 Growth ETFSPYG3.0%
• American Centy ETF TrAVLV2.6%
• AppleAAPL2.3%
• Invesco Nasdaq 100 ETFQQQM2.2%
• NVIDIANVDA2.1%
• Fidelity Enhanced International ETFFENI2.1%
• ETF SER SolutionsACIO1.9%
• IsharesEMXC1.7%
• Invesco Exchange Traded Fund TRSP1.7%
• AlphabetGOOG · GOOGL1.6%
• ETF SER SolutionsIDUB1.5%
• J P Morgan Exchange Traded FundJCPB1.4%
• Goldman Sachs Access Treasur ETFGBIL1.3%
• ETF SER SolutionsDRSK1.2%
• Vanguard Ftse Developed ETFVEA1.2%
• BroadcomAVGO1.2%
• Vanguard S&P 500 ETFVOO1.1%
• iShares Core S&P 500 ETFIVV1.1%
• ETF SER SolutionsOSCV1.1%
• Capital GRP Fixed Incm ETF TCGSD1.0%
• MicrosoftMSFT1.0%
• iShares 7-10 Year Treasury B ETFIEF1.0%
• Amazon.comAMZN0.9%
• Vaneck ETF TrustSMH0.9%
• State Str Spdr S&P 500 ETF TSPY0.8%
• iShares National Muni Bond E ETFMUB0.8%
• ETF SER SolutionsADME0.8%
• Invesco QQQ Trust Series 1 ETFQQQ0.7%
• ASML HoldingASML0.7%
• iShares 0-5 Yr INV GRD ETFSLQD0.7%
• ETF SER SolutionsDUBS0.7%
• Advanced Micro DevicesAMD0.7%
• ETF SER SolutionsUPSD0.7%
• Seagate Technology HoldingsSTX0.7%
• iShares 0-5 Yr HY Corp Bond ETFSHYG0.6%
• Vanguard International Equity Index FVWO0.6%
• iShares Core U.s. Aggregate ETFAGG0.6%
• iShares Gold Trust ETFIAU0.6%
• Simplify Managed Futures St ETFCTA0.6%
• iShares Core Msci Eafe ETFIEFA0.5%
• IsharesEWJ0.5%
• iShares Russell 1000 Value E ETFIWD0.5%
• State Street SPDR BB St HI Yield ETFSJNK0.5%
• Capital GRP Fixed Incm ETF TCGCP0.5%
• Invesco S&P 500 Low Volatili ETFSPLV0.5%
• Global-E OnlineGLBE0.5%
• State Street SPDR P Int Term TSY ETFSPTI0.5%
• J P Morgan Exchange Traded FundJPIE0.5%
• ShopifySHOP0.5%
• Ishares TrLQD0.4%
• State Street SPDR P S&P 500 HI Div ETFSPYD0.4%
• Micron TechnologyMU0.4%
• TeslaTSLA0.4%
• Vanguard Short-term Bond ETFBSV0.4%
• IsharesIEMG0.4%
• Philip Morris InternationalPM0.4%
• Constellation EnergyCEG0.4%
• Simon Property GroupSPG0.4%
• Omega Healthcare InvestorsOHI0.4%
• State Street SPDR P High Yield ETFSPHY0.4%
• JPMorgan ChaseJPM0.4%
• iShares Msci Acwi EX US ETFACWX0.4%
• Johnson & JohnsonJNJ0.4%
• Altria GroupMO0.4%
• Sabra Health Care ReitSBRA0.3%
• VisaV0.3%
• AbbVieABBV0.3%
• Listed Funds TrINFL0.3%
• Meta PlatformsMETA0.3%
• BNY Mellon ETF TrustBKGI0.3%
• Quest DiagnosticsDGX0.3%
• Eli LillyLLY0.3%
• UBER TechnologiesUBER0.3%
• Invesco Exchange Traded Fund TPPA0.3%
• Madrigal PharmaceuticalsMDGL0.3%
• Berkshire HathawayBRK/B0.3%
• Wells FargoWFC0.3%
• Clearway EnergyCWEN0.3%
• State Street Technology Select Sector ETFXLK0.3%
• Host Hotels & ResortsHST0.3%
• State Street SPDR P S&P 500 Value ETFSPYV0.3%
• Schwab US Large-cap ETFSCHX0.3%
• Vanguard Index FundsVTI0.3%
• ETF SER SolutionsDEFR0.3%
• Coca-ColaKO0.3%
• Antero MidstreamAM0.3%
• J.b. Hunt Transport ServicesJBHT0.3%
• Kinder MorganKMI0.3%
• Quanta ServicesPWR0.3%
• Atmos EnergyATO0.2%
• Fifth Third BancorpFITB0.2%
• Schwab US Large-cap Growth ETFSCHG0.2%
• OUTFRONT MediaOUT0.2%
• DavitaDVA0.2%
• 3mMMM0.2%
• ETF SER SolutionsJUCY0.2%
• Travel & LeisureTNL0.2%