1900 Wealth Management portfolio

What changed this quarter

304 positions with a change (91 new, 147 added to, 58 trimmed, 8 sold). 4 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Pgim AAA CLO ETF−21%fewer sharesReduced
  8.3% → 6.4%
• Vanguard Tax-exempt Bond ETF+529%more sharesIncreased
  0.2% → 1.4%
• STE Str SPDR PT S&P 500 ETF+2.9%more sharesIncreased
  29.6% → 30.3%
• Victory Portfolios II+17%more sharesIncreased
  5.0% → 5.4%

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

• STE Str SPDR PT S&P 500 ETFSPYM30.3%
• Pgim AAA CLO ETFPAAA6.4%
• Victory Portfolios IIUBND5.4%
• Dimensional ETF TrustDFUS3.5%
• J P Morgan Exchange Traded FundJMUB3.0%
• iShares Core S&P 500 ETFIVV2.8%
• State Street SPDR P S&P 400 Midcap ETFSPMD2.8%
• iShares Msci USA Quality FAC ETFQUAL2.2%
• iShares Msci USA Momentum FA ETFMTUM2.2%
• Vanguard Ftse Developed ETFVEA1.8%
• Goldman Activebeta US LC ETFGSLC1.5%
• Dimensional ETF TrustDFUV1.5%
• Vanguard Russell 1000 ETFVONE1.4%
• Vanguard Tax-exempt Bond ETFVTEB1.4%
• Berkshire HathawayBRK/B · BRK/A1.2%
• iShares Core S&P Total U.s ETFITOT0.9%
• InterdigitalIDCC0.8%
• AppleAAPL0.8%
• InfleqtionINFQ0.8%
• Schwab Fndmn International LRG Co ETFFNDF0.7%
• iShares Russell 1000 ETFIWB0.7%
• Goldman Sachs Activebeta Int ETFGSIE0.7%
• AlphabetGOOG · GOOGL0.6%
• Vanguard Russell 2000 ETFVTWO0.6%
• Goldman Sachs Activebeta US ETFGSSC0.6%
• Vanguard Index FundsVTI0.6%
• MicrosoftMSFT0.5%
• Vanguard Index FundsVO0.5%
• Vanguard Index FundsVV0.5%
• State Street SPDR P S&P 600 Small Cap ETFSPSM0.5%
• iShares Msci International Q ETFIQLT0.5%
• iShares Russell 1000 Growth ETFIWF0.5%
• Vanguard S&P 500 ETFVOO0.5%
• State Street SPDR P S&P 500 Value ETFSPYV0.5%
• Amazon.comAMZN0.5%
• State Str Spdr S&P 500 ETF TSPY0.4%
• NVIDIANVDA0.4%
• Invesco Exchange Traded Fund TSPGP0.4%
• Exxon MobilXOM0.4%
• Dimensional ETF TrustDFAS0.4%
• Vanguard International Equity Index FVWO0.4%
• Dimensional ETF TrustDFAI0.4%
• Dimensional ETF TrustDFIV0.4%
• iShares Core S&P U.s. Growth ETFIUSG0.3%
• WisdomTree US Largecap Divid ETFDLN0.3%
• iShares Msci Eafe Growth ETFEFG0.3%
• Texas Pacific LandTPL0.3%
• J P Morgan Exchange Traded FundJPME0.3%
• iShares Msci USA Min Vol FAC ETFUSMV0.3%
• Invesco Bloomberg Pricing PO ETFPOWA0.3%
• CaterpillarCAT0.3%
• CSW IndustrialsCSW0.3%
• iShares Russell 1000 Value E ETFIWD0.3%
• Vanguard Mrngstar GR ETF-sui ETFVUG0.3%
• Dimensional ETF TrustDFAT0.2%
• Invesco National Amt-free MU ETFPZA0.2%
• Vanguard World FundMGC0.2%
• iShares Msci International Momentum F ETFIMTM0.2%
• Vanguard World FundMGK0.2%
• Energy TransferET0.2%
• Schwab US Large-cap ETFSCHX0.2%
• iShares Core S&P Small-cap E ETFIJR0.2%
• BroadcomAVGO0.2%
• Goldman Sachs Activebeta EM ETFGEM0.2%
• iShares Core High Dividend E ETFHDV0.2%
• Vanguard Russell 3000 ETFVTHR0.2%
• iShares 0-3 Month Treasury B ETFSGOV0.2%
• Prosperity BancsharesPB0.2%
• JPMorgan ChaseJPM0.2%
• Schwab International Equity ETFSCHF0.2%
• Micron TechnologyMU0.2%
• Vanguard High DVD Yield ETFVYM0.1%
• Vanguard Admiral FundsVOOG0.1%
• Eli LillyLLY0.1%
• iShares Short-term National ETFSUB0.1%
• Meta PlatformsMETA0.1%
• IsharesIEMG0.1%
• State Street Technology Select Sector ETFXLK0.1%
• Johnson & JohnsonJNJ0.1%
• TeslaTSLA0.1%
• ChevronCVX0.1%
• Dimensional ETF TrustDFAE0.1%
• VisaV0.1%
• AbbVieABBV0.1%
• SynopsysSNPS0.1%
• Invesco S&P International De ETFIDHQ0.1%
• First Trust Morn DVD Lead In ETFFDL0.1%
• Home DepotHD0.1%
• Vanguard Russell 1000 Value ETFVONV0.1%
• Invesco Dorsey Wright Smallc ETFDWAS0.1%
• Goldman Sachs GroupGS0.1%
• Taiwan Semiconductor ManufacturingTSM0.1%
• Schwab US Mid Cap ETFSCHM0.1%
• WalmartWMT0.1%
• Ishares U S ETF TrMEAR0.1%
• Philip Morris InternationalPM0.1%
• Cullen/Frost BankersCFR0.1%
• ASML HoldingASML0.1%