Elo Mutual Pension Insurance portfolio

What changed this quarter

719 positions with a change (151 new, 249 added to, 179 trimmed, 140 sold); also, 1 entered through a spin-off. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• State Street SPDR P High Yield ETF+140%more sharesIncreased
  2.3% → 4.3%
• State Street Technology Select Sector ETF−1.6 ppof portfolioSold out
  2.1% → —
• Ishares Tr−1.4 ppof portfolioSold out
  1.8% → —
• State Str Spdr S&P 500 ETF T+1.4 ppof portfolioNew
  — → 1.4%
• iShares Semiconductor ETF−63%fewer sharesReduced
  1.7% → 0.9%
• iShares Broad USD High Yield ETF−44%fewer sharesReduced
  2.3% → 1.0%
• Vaneck ETF Trust+0.8 ppof portfolioNew
  — → 0.8%
• Ishares+2,292%more sharesIncreased
  under 0.1% → 0.8%
• Invesco Exchange Traded Fund T+0.7 ppof portfolioNew
  — → 0.7%
• Micron Technology+127%more sharesIncreased
  0.2% → 1.2%
• Meta Platforms+33%more sharesIncreased
  2.7% → 2.7%
• Amazon.com+20%more sharesIncreased
  3.0% → 3.2%

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

• NVIDIANVDA7.3%
• AppleAAPL6.2%
• AlphabetGOOGL · GOOG6.0%
• State Street SPDR P High Yield ETFSPHY4.3%
• MicrosoftMSFT3.8%
• Amazon.comAMZN3.2%
• Meta PlatformsMETA2.7%
• BroadcomAVGO2.3%
• TeslaTSLA1.5%
• Advanced Micro DevicesAMD1.5%
• State Str Spdr S&P 500 ETF TSPY1.4%
• Eli LillyLLY1.3%
• Micron TechnologyMU1.2%
• Johnson & JohnsonJNJ1.1%
• iShares Broad USD High Yield ETFUSHY1.0%
• JPMorgan ChaseJPM1.0%
• Applied MaterialsAMAT1.0%
• iShares Semiconductor ETFSOXX0.9%
• UnitedHealth GroupUNH0.9%
• VisaV0.9%
• IsharesIEMG0.8%
• Vaneck ETF TrustSMH0.8%
• Cisco SystemsCSCO0.8%
• Bank of AmericaBAC0.8%
• WalmartWMT0.8%
• Invesco Exchange Traded Fund TRSP0.7%
• Exxon MobilXOM0.7%
• Costco WholesaleCOST0.6%
• IntelINTC0.6%
• AbbVieABBV0.6%
• IsharesEWY0.6%
• MastercardMA0.6%
• NetflixNFLX0.6%
• CitigroupC0.6%
• KLAKLAC0.5%
• CaterpillarCAT0.5%
• Palantir TechnologiesPLTR0.5%
• MerckMRK0.5%
• Home DepotHD0.5%
• Coca-ColaKO0.5%
• QualcommQCOM0.4%
• GE VernovaGEV0.4%
• Taiwan Semiconductor ManufacturingTSM0.4%
• Palo Alto NetworksPANW0.4%
• Procter & GamblePG0.4%
• ChevronCVX0.4%
• Goldman Sachs GroupGS0.4%
• Berkshire HathawayBRK/B0.4%
• AmgenAMGN0.4%
• Marvell TechnologyMRVL0.3%
• OracleORCL0.3%
• American ExpressAXP0.3%
• Analog DevicesADI0.3%
• Gilead SciencesGILD0.3%
• McDONALD’SMCD0.3%
• Morgan StanleyMS0.3%
• SandiskSNDK0.3%
• UBER TechnologiesUBER0.3%
• Invesco KBW Bank ETFKBWB0.3%
• RTXRTX0.3%
• Walt DisneyDIS0.3%
• International Business MachinesIBM0.3%
• Verizon CommunicationsVZ0.3%
• PepsicoPEP0.3%
• Wells FargoWFC0.3%
• ProgressivePGR0.3%
• Thermo Fisher ScientificTMO0.2%
• IsharesEWT0.2%
• BlackRockBLK0.2%
• Western DigitalWDC0.2%
• Intuitive SurgicalISRG0.2%
• PfizerPFE0.2%
• Dell TechnologiesDELL0.2%
• Capital One FinancialCOF0.2%
• At&tT0.2%
• CVS HealthCVS0.2%
• CrowdStrike HoldingsCRWD0.2%
• CorningGLW0.2%
• PrologisPLD0.2%
• ChubbCB0.2%
• Texas InstrumentsTXN0.2%
• Bristol-myers SquibbBMY0.2%
• Vertex PharmaceuticalsVRTX0.2%
• MedtronicMDT0.2%
• McKESSONMCK0.2%
• EatonETN0.2%
• Seagate Technology HoldingsSTX0.2%
• Booking HoldingsBKNG0.2%
• Abbott LaboratoriesABT0.2%
• DeereDE0.2%
• Parker-hannifinPH0.2%
• DanaherDHR0.2%
• Nextera EnergyNEE0.2%
• LindeLIN0.2%
• Charles SchwabSCHW0.2%
• Trane TechnologiesTT0.2%
• BoeingBA0.2%
• AdobeADBE0.2%
• NewmontNEM0.2%