Sepio Capital portfolio

What changed this quarter

282 positions with a change (18 new, 63 added to, 141 trimmed, 60 sold). 9 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• AbbVie+476%more sharesIncreased
  1.6% → 7.8%
• Abbott Laboratories+297%more sharesIncreased
  0.9% → 3.1%
• Invesco Exchange Traded Fund T+172%more sharesIncreased
  1.6% → 3.3%
• Bill Holdings+1,252%more sharesIncreased
  0.2% → 2.2%
• Invesco QQQ Trust Series 1 ETF+133%more sharesIncreased
  0.8% → 1.5%
• Coupang+1,285%more sharesIncreased
  0.1% → 0.9%
• EA Series Trust+3.0%more sharesIncreased
  28.0% → 24.9%
• Vanguard S&P 500 ETF+11%more sharesIncreased
  6.8% → 6.2%
• EA Series Trust+8.0%more sharesIncreased
  7.9% → 7.5%

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

• EA Series TrustSMRI24.9%
• AbbVieABBV7.8%
• EA Series TrustRNIN7.5%
• Vanguard S&P 500 ETFVOO6.2%
• Invesco Exchange Traded Fund TRSP3.3%
• Vanguard Ftse Developed ETFVEA3.2%
• Abbott LaboratoriesABT3.1%
• BILL HoldingsBILL2.2%
• NVIDIANVDA1.6%
• Vanguard International Equity Index FVWO1.6%
• AlphabetGOOG · GOOGL1.5%
• Victory Portfolios IIVFLO · IFLO1.5%
• Invesco QQQ Trust Series 1 ETFQQQ1.5%
• Pacer Developed Markets Inte ETFICOW1.4%
• Cambria Emerg Shrhldr Yield ETFEYLD1.1%
• AppleAAPL1.0%
• MicrosoftMSFT1.0%
• iShares Msci Acwi ETFACWI1.0%
• State Str Spdr S&P 500 ETF TSPY0.9%
• Meta PlatformsMETA0.9%
• Invesco Nasdaq 100 ETFQQQM0.9%
• CoupangCPNG0.9%
• Vanguard Mrngstr Val ETF-aui ETFVTV0.9%
• Amazon.comAMZN0.9%
• TeslaTSLA0.7%
• iShares Core S&P 500 ETFIVV0.7%
• State Street Technology Select Sector ETFXLK0.6%
• Vanguard Index FundsVOE0.5%
• Hartford Funds Exchange TradedHMOP0.5%
• iShares Intermediate Governm ETFGVI0.4%
• iShares Russell 1000 ETFIWB0.4%
• Vanguard Index FundsVBR0.4%
• Vanguard Short-term Tips ETFVTIP0.4%
• CloudflareNET0.4%
• iShares Russell 1000 Growth ETFIWF0.4%
• CrowdStrike HoldingsCRWD0.4%
• Cambria Global Value ETFGVAL0.4%
• iShares Russell 1000 Value E ETFIWD0.3%
• Dimensional ETF TrustDISV0.3%
• VisaV0.3%
• iShares Msci Eafe ETFEFA0.3%
• SPDR Gold Shares ETFGLD0.3%
• Ishares Bitcoin Trust ETFIBIT0.3%
• iShares Gold Trust ETFIAU0.2%
• BoeingBA0.2%
• ShopifySHOP0.2%
• NetflixNFLX0.2%
• CorningGLW0.2%
• Angel StudiosANGX0.2%
• IsharesEMXC0.2%
• iShares Core S&P Small-cap E ETFIJR0.2%
• Vanguard Index FundsVTI0.2%
• 2023 ETF Series TrustEAGL0.2%
• ChevronCVX0.2%
• Johnson & JohnsonJNJ0.2%
• Taiwan Semiconductor ManufacturingTSM0.2%
• MatsonMATX0.2%
• OracleORCL0.2%
• Monster BeverageMNST0.2%
• Berkshire HathawayBRK/B0.2%
• Norfolk SouthernNSC0.2%
• Texas InstrumentsTXN0.2%
• UnitedHealth GroupUNH0.2%
• Philip Morris InternationalPM0.2%
• BlackRockBLK0.2%
• Everest GroupEG0.2%
• ProShares Short 20+ Treasury ETFTBF0.2%
• State Str Spdr S&P Midcap 40MDY0.2%
• Vertex PharmaceuticalsVRTX0.2%
• Vanguard Index FundsVO0.2%
• Costco WholesaleCOST0.1%
• Dominion EnergyD0.1%
• State Street Health Care Select Sector ETFXLV0.1%
• Meritage HomesMTH0.1%
• nCinoNCNO0.1%
• StarbucksSBUX0.1%
• CumminsCMI0.1%
• LennarLEN0.1%
• Charles SchwabSCHW0.1%
• Air Products and ChemicalsAPD0.1%
• IsharesIEMG0.1%
• SalesforceCRM0.1%
• Cisco SystemsCSCO0.1%
• Global X Msci Greece ETFGREK0.1%
• State Street SPDR S&P Emergi ETFEWX0.1%
• Palantir TechnologiesPLTR0.1%
• SEI InvestmentsSEIC0.1%
• Fidelity Wise Origin BitcoinFBTC0.1%
• IsharesEWO0.1%
• Regeneron PharmaceuticalsREGN0.1%
• ProgressivePGR0.1%
• FastenalFAST0.1%
• RTXRTX0.1%
• Renaissancere HoldingsRNR0.1%
• Vanguard Short-term Treasury ETFVGSH0.1%
• Inves Rafi Emer Mrkt-usd ETFPXH0.1%
• Coinbase GlobalCOIN0.1%
• Walt DisneyDIS0.1%