Defiance ETFs portfolio

What changed this quarter

408 positions with a change (46 new, 251 added to, 83 trimmed, 28 sold); also, 3 entered through an IPO, 2 exited through an acquisition or merger, 1 entered through a spin-off. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Iren−99%fewer sharesReduced
  6.2% → under 0.1%
• Oracle−86%fewer sharesReduced
  7.0% → 0.9%
• Rocket Lab−90%fewer sharesReduced
  5.2% → 0.8%
• Strategy−5.0 ppof portfolioSold out
  5.2% → —
• Broadcom−70%fewer sharesReduced
  5.8% → 2.0%
• IonQ−88%fewer sharesReduced
  4.0% → 0.9%
• Oklo−96%fewer sharesReduced
  2.6% → 0.1%
• Hims & Hers Health−2.1 ppof portfolioSold out
  2.2% → —
• Horizon Quantum Holdings+2.1 ppof portfolioNew
  — → 2.1%
• Super Micro Computer−2.0 ppof portfolioSold out
  2.0% → —
• Eli Lilly−97%fewer sharesReduced
  1.5% → 0.1%
• Arqit Quantum+251%more sharesIncreased
  0.3% → 2.0%

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

• iShares Core S&P 500 ETFIVV2.1%
• Horizon Quantum HoldingsHQ2.1%
• Arqit QuantumARQQ2.0%
• BroadcomAVGO2.0%
• NVIDIANVDA1.9%
• Marvell TechnologyMRVL1.6%
• Advanced Micro DevicesAMD1.5%
• ARM HoldingsARM1.4%
• Cisco SystemsCSCO1.4%
• QuantinuumQNT1.3%
• Astera LabsALAB1.3%
• GE VernovaGEV1.3%
• Applied MaterialsAMAT1.2%
• ONTO InnovationONTO1.2%
• MKSMKSI1.2%
• BTQ TechnologiesBTQ1.2%
• KLAKLAC1.2%
• QualcommQCOM1.2%
• Lam ResearchLRCX1.2%
• NokiaNOK1.1%
• Micron TechnologyMU1.1%
• TeradyneTER1.1%
• IntelINTC1.1%
• Lattice SemiconductorLSCC1.1%
• Nebius GroupNBIS1.1%
• EatonETN1.1%
• RadNetRDNT1.0%
• Vertiv HoldingsVRT1.0%
• CloudflareNET1.0%
• Quanta ServicesPWR1.0%
• RTXRTX1.0%
• SnowflakeSNOW1.0%
• Taiwan Semiconductor ManufacturingTSM1.0%
• Texas InstrumentsTXN1.0%
• Quantum eMotionQNC1.0%
• International Business MachinesIBM1.0%
• ASML HoldingASML1.0%
• Tower SemiconductorTSEM1.0%
• CoherentCOHR1.0%
• TeradataTDC1.0%
• MongodbMDB1.0%
• NutanixNTNX1.0%
• D-Wave QuantumQBTS1.0%
• OracleORCL0.9%
• AlphabetGOOGL0.9%
• Amazon.comAMZN0.9%
• Xanadu Quantum TechnologiesXNDU0.9%
• NVENVEC0.9%
• Microchip TechnologyMCHP0.9%
• Palantir TechnologiesPLTR0.9%
• BaiduBIDU0.9%
• Analog DevicesADI0.9%
• Lockheed MartinLMT0.9%
• STMicroelectronicsSTM0.9%
• Quantum ComputingQUBT0.9%
• SynopsysSNPS0.9%
• Cadence Design SystemsCDNS0.9%
• NXP SemiconductorsNXPI0.9%
• Hewlett Packard EnterpriseHPE0.9%
• Rigetti ComputingRGTI0.9%
• MicrosoftMSFT0.9%
• Northrop GrummanNOC0.9%
• ElasticESTC0.9%
• InfleqtionINFQ0.9%
• Cirrus LogicCRUS0.9%
• IonQIONQ0.9%
• CoreWeaveCRWV0.8%
• WiproWIT0.8%
• MaxLinearMXL0.8%
• ON SemiconductorON0.8%
• Rocket LabRKLB0.8%
• Alibaba Group HoldingBABA0.8%
• Space Exploration TechnologiesSPCX0.7%
• Bloom EnergyBE0.7%
• Invesco QQQ Trust Series 1 ETFQQQ0.6%
• AST SpacemobileASTS0.6%
• AppleAAPL0.6%
• Honeywell AerospaceHONA0.5%
• Honeywell InternationalHON0.5%
• CamecoCCJ0.5%
• Constellation EnergyCEG0.4%
• RedwireRDW0.3%
• DatadogDDOG0.3%
• Credo Technology Group HoldingCRDO0.3%
• Planet Labs PBCPL0.3%
• CevaCEVA0.3%
• Arista NetworksANET0.3%
• Extreme NetworksEXTR0.3%
• DigitalOcean HoldingsDOCN0.3%
• MasTecMTZ0.3%
• Dominion EnergyD0.3%
• Xcel EnergyXEL0.3%
• nVent ElectricNVT0.3%
• Unusual MachinesUMAC0.2%
• HubbellHUBB0.2%
• Vistra OperationsVST0.2%
• EchoStarECHO0.2%
• Sterling InfrastructureSTRL0.2%
• EquinixEQIX0.2%
• ViasatVSAT0.2%