Waddell & Associates portfolio

What changed this quarter

495 positions with a change (132 new, 175 added to, 148 trimmed, 40 sold); also, 1 entered through an IPO, 2 exited through an acquisition or merger, 2 entered through a spin-off.

No moves of 0.5 points of the portfolio or more.

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

• FedExFDX21.2%
• Global X US Infrastructure ETFPAVE5.7%
• Schwab Fndmntl US SM Co ETFFNDA5.5%
• State Str Spdr S&P Midcap 40MDY5.4%
• FedEx Freight HoldingFDXF5.1%
• WisdomTree U.s. Quality Divi ETFDGRW4.9%
• Pacer Global Cash Cows Divid ETFGCOW4.4%
• Global X Adaptive US Factor ETFAUSF4.2%
• Schwab 1000 Index ETFSCHK3.8%
• iShares Core Msci Eafe ETFIEFA3.1%
• Invesco Nasdaq 100 ETFQQQM3.0%
• American Centy ETF TrAVEM2.7%
• Direxion Shares ETF TrustQQQE2.6%
• Abrdn Emerg Mrkt DVD ACT ETFAGEM2.3%
• AppleAAPL1.0%
• NVIDIANVDA0.8%
• AlphabetGOOG · GOOGL0.7%
• Doubleline ETF TrustCAPE0.5%
• MicrosoftMSFT0.5%
• State Str Spdr S&P 500 ETF TSPY0.5%
• iShares Msci USA Value Facto ETFVLUE0.4%
• Micron TechnologyMU0.4%
• Berkshire HathawayBRK/B0.4%
• Doubleline ETF TrustDBND0.4%
• Sprott Asset ManagementPSLV · PHYS0.3%
• Eli LillyLLY0.3%
• Two RDS Shared TrCGV0.3%
• WalmartWMT0.3%
• JPMorgan ChaseJPM0.3%
• Amazon.comAMZN0.3%
• Vanguard Mrngstr Val ETF-aui ETFVTV0.2%
• iShares Msci Eafe ETFEFA0.2%
• IntelINTC0.2%
• BroadcomAVGO0.2%
• State Street SPDR S&P Emergi ETFEWX0.2%
• Vanguard S&P 500 ETFVOO0.2%
• Vanguard Total International Stock ETFVXUS0.2%
• iShares Msci Acwi ETFACWI0.2%
• Red Cat HoldingsRCAT0.2%
• Western DigitalWDC0.2%
• GE VernovaGEV0.2%
• Meta PlatformsMETA0.2%
• Exxon MobilXOM0.2%
• iShares Ustechnology ETFIYW0.2%
• Comfort Systems USAFIX0.2%
• Applied MaterialsAMAT0.1%
• Johnson & JohnsonJNJ0.1%
• CoherentCOHR0.1%
• MerckMRK0.1%
• Home DepotHD0.1%
• GE AerospaceGE0.1%
• AutoZoneAZO0.1%
• Vertiv HoldingsVRT0.1%
• WisdomTree AI and Innovation ETFWTAI0.1%
• TeslaTSLA0.1%
• Procter & GamblePG0.1%
• iShares Future AI & Tech ETFARTY0.1%
• CenteneCNC0.1%
• CumminsCMI0.1%
• Invesco QQQ Trust Series 1 ETFQQQ0.1%
• SandiskSNDK0.1%
• TeradyneTER0.1%
• ChevronCVX0.1%
• J.b. Hunt Transport ServicesJBHT0.1%
• Vanguard International Equity Index FVT0.1%
• Dimensional ETF TrustDFAE0.1%
• International Business MachinesIBM0.1%
• OracleORCL0.1%
• Edison InternationalEIX0.1%
• Cisco SystemsCSCO0.1%
• State Street SPDR P S&P 400 Midcap ETFSPMD0.1%
• Bristol-myers SquibbBMY0.1%
• ChubbCB0.1%
• AirbnbABNB0.1%
• FortinetFTNT0.1%
• Lam ResearchLRCX0.1%
• Pg&ePCG0.1%
• CaterpillarCAT0.1%
• CitigroupC0.1%
• PNC Financial Services GroupPNC0.1%
• NewmontNEM0.1%
• AflacAFL0.1%
• nVent ElectricNVT0.1%
• UnitedHealth GroupUNH0.1%
• TechnipFMCFTI0.1%
• VisaV0.1%
• TJXTJX0.1%
• Viking HoldingsVIK0.1%
• General DynamicsGD0.1%
• Freeport-McMoRanFCX0.1%
• Goldman Sachs GroupGS0.1%
• Bank of AmericaBAC0.1%
• Capital One FinancialCOF0.1%
• Phillips 66PSX0.1%
• BoeingBA0.1%
• WisdomTree Global High Divid ETFDEW0.1%
• Wells FargoWFC0.1%
• Delta Air LinesDAL0.1%