Worldquant Millennium Advisors portfolio

What changed this quarter

771 positions with a change (193 new, 238 added to, 255 trimmed, 85 sold); also, 1 entered through an IPO, 1 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).

• Micron Technology−71%fewer sharesReduced
  2.0% → 1.8%
• Intuit+77,938%more sharesIncreased
  under 0.1% → 1.4%
• Intel+1.1 ppof portfolioNew
  — → 1.1%
• Microsoft−27%fewer sharesReduced
  3.9% → 2.6%
• Amphenol−66%fewer sharesReduced
  1.1% → 0.5%
• Lam Research−63%fewer sharesReduced
  0.9% → 0.6%
• Advanced Micro Devices+0.8 ppof portfolioNew
  — → 0.8%
• Eli Lilly−54%fewer sharesReduced
  1.2% → 0.6%
• Fortinet+39,790%more sharesIncreased
  under 0.1% → 0.7%
• Intercontinental Exchange+544%more sharesIncreased
  0.2% → 0.8%
• Broadcom−36%fewer sharesReduced
  1.7% → 1.2%
• NVIDIA−12%fewer sharesReduced
  5.0% → 4.5%

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

• AppleAAPL5.4%
• NVIDIANVDA4.5%
• AlphabetGOOG · GOOGL4.5%
• MicrosoftMSFT2.6%
• Amazon.comAMZN2.5%
• Micron TechnologyMU1.8%
• Meta PlatformsMETA1.4%
• IntuitINTU1.4%
• TeslaTSLA1.2%
• JPMorgan ChaseJPM1.2%
• BroadcomAVGO1.2%
• IntelINTC1.1%
• Exxon MobilXOM0.9%
• Intuitive SurgicalISRG0.9%
• KLAKLAC0.8%
• Intercontinental ExchangeICE0.8%
• CitigroupC0.8%
• Regeneron PharmaceuticalsREGN0.8%
• Advanced Micro DevicesAMD0.8%
• Texas InstrumentsTXN0.7%
• CumminsCMI0.7%
• FortinetFTNT0.7%
• RTXRTX0.7%
• Abbott LaboratoriesABT0.7%
• 3mMMM0.7%
• MastercardMA0.7%
• At&tT0.7%
• PepsicoPEP0.7%
• TJXTJX0.7%
• Costco WholesaleCOST0.7%
• Berkshire HathawayBRK/B0.6%
• TeradyneTER0.6%
• RobloxRBLX0.6%
• Eli LillyLLY0.6%
• Western DigitalWDC0.6%
• General MotorsGM0.6%
• McKESSONMCK0.6%
• Lam ResearchLRCX0.6%
• Cisco SystemsCSCO0.6%
• Lowe'sLOW0.6%
• Northrop GrummanNOC0.6%
• CME GroupCME0.6%
• NateraNTRA0.6%
• Bank of AmericaBAC0.5%
• Gilead SciencesGILD0.5%
• Booking HoldingsBKNG0.5%
• Charles SchwabSCHW0.5%
• Qnity ElectronicsQ0.5%
• AmgenAMGN0.5%
• FedExFDX0.5%
• AmphenolAPH0.5%
• Cigna GroupCI0.5%
• MedtronicMDT0.5%
• Rockwell AutomationROK0.5%
• AutoZoneAZO0.5%
• Valero EnergyVLO0.5%
• DowDOW0.4%
• CaterpillarCAT0.4%
• GE AerospaceGE0.4%
• ChevronCVX0.4%
• T-mobile USTMUS0.4%
• Ameriprise FinancialAMP0.4%
• WalmartWMT0.4%
• General DynamicsGD0.4%
• BoeingBA0.4%
• Bristol-myers SquibbBMY0.4%
• ZoetisZTS0.4%
• AtlassianTEAM0.4%
• EMCOR GroupEME0.4%
• United RentalsURI0.4%
• Arista NetworksANET0.4%
• Keysight TechnologiesKEYS0.4%
• Expedia GroupEXPE0.4%
• Automatic Data ProcessingADP0.4%
• Occidental PetroleumOXY0.4%
• ProgressivePGR0.4%
• Illinois Tool WorksITW0.4%
• CopartCPRT0.3%
• Morgan StanleyMS0.3%
• Johnson & JohnsonJNJ0.3%
• United Airlines HoldingsUAL0.3%
• XylemXYL0.3%
• Las Vegas SandsLVS0.3%
• Casey’s General StoresCASY0.3%
• L3harris TechnologiesLHX0.3%
• American TowerAMT0.3%
• Otis WorldwideOTIS0.3%
• Bloom EnergyBE0.3%
• CVS HealthCVS0.3%
• Cadence Design SystemsCDNS0.3%
• SandiskSNDK0.3%
• CBRE GroupCBRE0.3%
• General MillsGIS0.3%
• GE VernovaGEV0.3%
• Coca-ColaKO0.3%
• Trane TechnologiesTT0.3%
• FLEXFLEX0.3%
• ResMedRMD0.3%
• Synchrony FinancialSYF0.3%