Perennial Investment Advisors portfolio

What changed this quarter

489 positions with a change (73 new, 252 added to, 152 trimmed, 12 sold); also, 2 entered through an IPO, 1 exited through an acquisition or merger, 1 entered through a spin-off. 3 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• STE Str SPDR PT S&P 500 ETF+110%more sharesIncreased
  1.2% → 2.4%
• BlackRock ETF Trust+0.7 ppof portfolioNew
  — → 0.7%
• Invesco Exchange Traded Fund T−15%fewer sharesReduced
  4.2% → 3.6%

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

• NVIDIANVDA4.3%
• State Street SPDR P S&P 500 Growth ETFSPYG3.9%
• State Street SPDR Msci U Stratfact ETFQUS3.8%
• Invesco Exchange Traded Fund TSPHQ3.6%
• iShares Russell Top 200 Grow ETFIWY3.4%
• State Street SPDR P S&P 500 Value ETFSPYV3.3%
• AppleAAPL3.3%
• First Trust Rising Dividend ETFRDVY3.0%
• TeslaTSLA2.6%
• STE Str SPDR PT S&P 500 ETFSPYM2.4%
• iShares Ustechnology ETFIYW1.5%
• BlackRock ETF TrustDYNF1.5%
• State Str Spdr S&P 500 ETF TSPY1.5%
• BlackRock ETF TrustBAI1.4%
• AlphabetGOOGL · GOOG1.4%
• Amazon.comAMZN1.3%
• Vanguard Mrngstar GR ETF-sui ETFVUG1.0%
• Invesco QQQ Trust Series 1 ETFQQQ1.0%
• iShares Core S&P 500 ETFIVV1.0%
• MicrosoftMSFT0.9%
• Vanguard Index FundsVTI0.9%
• Vanguard Info Tech ETFVGT0.9%
• Vanguard Mrngstr Val ETF-aui ETFVTV0.9%
• iShares Msci USA Quality FAC ETFQUAL0.8%
• Pacer US Cash Cows 100 ETFCOWZ0.8%
• IsharesIEMG0.7%
• BlackRock ETF TrustIALT0.7%
• Berkshire HathawayBRK/B0.7%
• Capital Group Dividend ValueCGDV0.6%
• WisdomTree US Efficient Core ETFNTSX0.6%
• State Street Technology Select Sector ETFXLK0.6%
• Invesco National Amt-free MU ETFPZA0.6%
• Capital Group Growth ETFCGGR0.6%
• iShares Msci USA Momentum FA ETFMTUM0.6%
• Global X 1-3 Month T-bill ETFCLIP0.6%
• Innovator Eqty MGD Floor ETFSFLR0.5%
• Vanguard Ftse Developed ETFVEA0.5%
• BroadcomAVGO0.5%
• State Street SPDR P Int Term TSY ETFSPTI0.5%
• State Street SPDR S&P Dividend ETFSDY0.5%
• Vaneck Merk Gold ETFOUNZ0.5%
• Capital Group GBL Growth EQTCGGO0.5%
• Meta PlatformsMETA0.4%
• Global X Art Intel & Tech ETFAIQ0.4%
• Invesco Exchange Traded Fund TXMHQ0.4%
• Global X Defense Tech ETFSHLD0.4%
• Advanced Micro DevicesAMD0.4%
• J P Morgan Exchange Traded FundJEPQ0.4%
• Capital Group Core Equity ETCGUS0.4%
• iShares International Aggregate Bond ETFIAGG0.4%
• Palantir TechnologiesPLTR0.4%
• J P Morgan Exchange Traded FundJAVA0.4%
• Invesco S&P 500 Revenue ETFRWL0.4%
• State Street Industrial Select Sector ETFXLI0.4%
• Micron TechnologyMU0.3%
• iShares US Treasury Bond ETFGOVT0.3%
• BlackRock ETF TrustBLCR0.3%
• Taiwan Semiconductor ManufacturingTSM0.3%
• Harbor ETF TrustHGER0.3%
• Vanguard Index FundsVO0.3%
• State Street SPDR P S&P 1500 Comp ETFSPTM0.3%
• State Street SPDR P S&P 600 Small Cap ETFSPSM0.3%
• State Street SPDR BB 1-3m T-bill ETFBIL0.3%
• BlackRock ETF TrustTHRO0.3%
• Invesco Exchange Traded Fund TSPGP0.3%
• iShares Core Dividend Growth ETFDGRO0.3%
• Neos ETF TrustSPYI0.3%
• Blue OWL CapitalOBDC0.3%
• Vanguard S&P 500 ETFVOO0.3%
• iShares Core S&P Small-cap E ETFIJR0.3%
• Fthi/first Trust Exchange-tr ETFFTHI0.3%
• Nebius GroupNBIS0.3%
• Eli LillyLLY0.3%
• State Street SPDR P S&P 400 Midcap ETFSPMD0.3%
• iShares Russell 1000 Growth ETFIWF0.2%
• Costco WholesaleCOST0.2%
• State Street SPDR S&P 600 SC GR ETFSLYG0.2%
• Cornerstone Strategic InvestCLM0.2%
• Capital Group New GeographyCGNG0.2%
• iShares Msci Eafe ETFEFA0.2%
• J P Morgan Exchange Traded FundJGRO0.2%
• Cornerstone Total Return FundCRF0.2%
• First Tr Exchng Traded Fund VIBUFR0.2%
• Invesco Russell 1000 DYN M/f ETFOMFL0.2%
• JPMorgan ChaseJPM0.2%
• iShares Core S&P Midcap ETFIJH0.2%
• NetflixNFLX0.2%
• iShares Core Msci Eafe ETFIEFA0.2%
• VanEck EM Bond ETFEMBX0.2%
• Capital GRP Fixed Incm ETF TCGCP0.2%
• State Street SPDR S&P 600 SC Val ETFSLYV0.2%
• Vaneck ETF TrustSMH0.2%
• Vanguard Dividend Apprec ETFVIG0.2%
• Capital GRP Fixed Incm ETF TCGMS0.2%
• State Street Financial Select Sector ETFXLF0.2%
• State Street Health Care Select Sector ETFXLV0.2%
• First Trust Capital Strength ETFFTCS0.2%
• Palo Alto NetworksPANW0.2%
• iShares Gold Trust ETFIAU0.2%