AXS Investments portfolio

What changed this quarter

201 positions with a change (27 new, 58 added to, 95 trimmed, 21 sold). 6 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Lumentum Holdings+18.5 ppof portfolioNew
  — → 18.5%
• Nebius Group+17.8 ppof portfolioNew
  — → 17.8%
• Invesco QQQ Trust Series 1 ETF+101%more sharesIncreased
  48.6% → 33.7%
• CoreWeave+20,776%more sharesIncreased
  0.1% → 8.9%
• ARK Innovation ETF+3.3 ppof portfolioNew
  — → 3.3%
• Pgim Ultra Short Bond ETF+0.5 ppof portfolioNew
  — → 0.5%

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

• Invesco QQQ Trust Series 1 ETFQQQ33.7%
• Lumentum HoldingsLITE18.5%
• Nebius GroupNBIS17.8%
• CoreWeaveCRWV8.9%
• ARK Innovation ETFARKK3.3%
• State Str Spdr S&P 500 ETF TSPY0.6%
• Meta PlatformsMETA0.6%
• Palantir TechnologiesPLTR0.6%
• Micron TechnologyMU0.6%
• AlphabetGOOGL · GOOG0.6%
• NVIDIANVDA0.5%
• Pgim Ultra Short Bond ETFPULS0.5%
• MicrosoftMSFT0.5%
• Advanced Micro DevicesAMD0.5%
• CrowdStrike HoldingsCRWD0.4%
• AppleAAPL0.4%
• Core ScientificCORZ0.4%
• Palo Alto NetworksPANW0.4%
• MastercardMA0.3%
• NetflixNFLX0.3%
• Vertiv HoldingsVRT0.3%
• OracleORCL0.3%
• ProShares Ultrapro Short QQQ ETFSQQQ0.2%
• SalesforceCRM0.2%
• WisdomTree Trust WisdomTree ETFAGZD0.2%
• Vanguard S/t Corp Bond ETFVCSH0.2%
• iShares Int Rate Hedg HY ETFHYGH0.2%
• State Street SPDR BB Conv Sec ETFCWB0.2%
• Ssga Active ETF TrSRLN0.2%
• Janus Henderson AAA CLO ETFJAAA0.2%
• Janus Henderson B-bbb CLO ET ETFJBBB0.2%
• Alps ETF TrAMLP0.2%
• International Business MachinesIBM0.2%
• TeslaTSLA0.2%
• Amazon.comAMZN0.2%
• Spotify TechnologySPOT0.2%
• Comfort Systems USAFIX0.2%
• Taiwan Semiconductor ManufacturingTSM0.2%
• VisaV0.2%
• ServiceNowNOW0.2%
• ASML HoldingASML0.2%
• Berkshire HathawayBRK/B0.2%
• UBER TechnologiesUBER0.1%
• SnowflakeSNOW0.1%
• Cadence Design SystemsCDNS0.1%
• IntuitINTU0.1%
• AppLovinAPP0.1%
• AccentureACN0.1%
• GarminGRMN0.1%
• FortinetFTNT0.1%
• ProShares Ultrashort S&p500 ETFSDS0.1%
• Trane TechnologiesTT0.1%
• AdobeADBE0.1%
• DoorDashDASH0.1%
• ARM HoldingsARM0.1%
• Thermo Fisher ScientificTMO0.1%
• Labcorp HoldingsLH0.1%
• MercadoLibreMELI0.1%
• CloudflareNET0.1%
• ProShares Short S&p500 ETFSH0.1%
• Robinhood MarketsHOOD0.1%
• AutodeskADSK0.1%
• SynopsysSNPS0.1%
• BroadcomAVGO0.1%
• Costco WholesaleCOST0.1%
• DatadogDDOG0.1%
• FTAI AviationFTAI0.1%
• Lam ResearchLRCX0.1%
• AirbnbABNB0.1%
• Arista NetworksANET0.1%
• Seagate Technology HoldingsSTX0.1%
• KLAKLAC0.1%
• Granite ConstructionGVA0.1%
• Parker-hannifinPH0.1%
• WalmartWMT0.1%
• CaterpillarCAT0.1%
• Equitable HoldingsEQH0.1%
• StrategyMSTR0.1%
• Intuitive SurgicalISRG0.1%
• GE VernovaGEV0.1%
• Idexx LaboratoriesIDXX0.1%
• Tyler TechnologiesTYL0.1%
• eBayEBAY0.1%
• GE AerospaceGE0.1%
• S&P GlobalSPGI0.1%
• CintasCTAS0.1%
• Regeneron PharmaceuticalsREGN0.1%
• Automatic Data ProcessingADPunder 0.1%
• Coinbase GlobalCOINunder 0.1%
• JPMorgan ChaseJPMunder 0.1%
• EMCOR GroupEMEunder 0.1%
• WorkdayWDAYunder 0.1%
• UnitedHealth GroupUNHunder 0.1%
• Advanced Drainage SystemsWMSunder 0.1%
• Roper TechnologiesROPunder 0.1%
• HeicoHEIunder 0.1%
• HubSpotHUBSunder 0.1%
• RTXRTXunder 0.1%
• Quanta ServicesPWRunder 0.1%