Systematic Alpha Investments portfolio

What changed this quarter

36 positions with a change (13 new, 7 added to, 3 trimmed, 13 sold); also, 1 exited through an acquisition or merger. 3 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Eli Lilly+9.0 ppof portfolioNew
  — → 9.0%
• Vanguard Info Tech ETF−88%fewer sharesReduced
  2.0% → 2.1%
• Vanguard Mrngstar GR ETF-sui ETF−83%fewer sharesReduced
  2.0% → 1.8%

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

• Vanguard S&P 500 ETFVOO20.9%
• Eli LillyLLY9.0%
• Applied MaterialsAMAT6.2%
• Vanguard Mrngstr Val ETF-aui ETFVTV5.2%
• NVIDIANVDA4.8%
• AppleAAPL4.5%
• AlphabetGOOGL · GOOG4.5%
• MicrosoftMSFT2.5%
• Vanguard Dividend Apprec ETFVIG2.2%
• Vanguard Info Tech ETFVGT2.1%
• Travelers CompaniesTRV1.9%
• Vanguard Mrngstar GR ETF-sui ETFVUG1.8%
• Amazon.comAMZN1.6%
• State Str Spdr S&P 500 ETF TSPY1.5%
• MerckMRK1.4%
• Invesco Exchange Traded Fund TRZV1.2%
• Lam ResearchLRCX1.2%
• Meta PlatformsMETA1.1%
• Cisco SystemsCSCO1.0%
• Advanced Micro DevicesAMD0.9%
• Waste ManagementWM0.9%
• MastercardMA0.8%
• AllstateALL0.8%
• IntelINTC0.8%
• American Electric PowerAEP0.8%
• Home DepotHD0.7%
• BroadcomAVGO0.7%
• Acadian Asset ManagementAAMI0.7%
• PepsicoPEP0.7%
• McDONALD’SMCD0.7%
• RTXRTX0.7%
• Union PacificUNP0.7%
• AbbVieABBV0.7%
• UnitedHealth GroupUNH0.6%
• MetLifeMET0.6%
• Sun Life FinancialSLF0.5%
• Bristol-myers SquibbBMY0.5%
• Eversource EnergyES0.4%
• Yum! BrandsYUM0.4%
• Altria GroupMO0.4%
• TargetTGT0.4%
• Kimberly ClarkKMB0.4%
• Coca-ColaKO0.4%
• JPMorgan ChaseJPM0.4%
• State Street Financial Select Sector ETFXLF0.4%
• Verizon CommunicationsVZ0.4%
• NetflixNFLX0.3%
• T-mobile USTMUS0.3%
• Truist FinancialTFC0.3%
• Avery DennisonAVY0.3%
• TeslaTSLA0.3%
• PfizerPFE0.3%
• Western DigitalWDC0.3%
• Edison InternationalEIX0.3%
• State Street SPDR P S&P 500 Growth ETFSPYG0.2%
• UnileverUL0.2%
• SLMSLM0.2%
• Microchip TechnologyMCHP0.2%
• iShares Core U.s. Aggregate ETFAGG0.2%
• State Street SPDR P S&P 500 HI Div ETFSPYD0.2%
• iShares Russell 2000 ETFIWM0.2%
• Micron TechnologyMU0.2%
• Freeport-McMoRanFCX0.1%
• WalmartWMT0.1%
• Pitney BowesPBI0.1%
• Samsung ElectronicsSSNHZ0.1%
• Franklin ResourcesBEN0.1%
• Royal Caribbean CruisesRCL0.1%
• QualcommQCOM0.1%
• TeradyneTER0.1%
• Arista NetworksANET0.1%
• Bank of AmericaBAC0.1%
• Morgan StanleyMS0.1%
• InvescoIVZ0.1%
• Goldman Sachs GroupGS0.1%
• KLAKLAC0.1%
• VisaV0.1%
• Public StoragePSA0.1%
• SouthernSO0.1%
• O Reilly AutomotiveORLY0.1%
• ChevronCVX0.1%
• SalesforceCRM0.1%
• MedtronicMDT0.1%
• Invesco QQQ Trust Series 1 ETFQQQ0.1%
• Marriott InternationalMAR0.1%
• Leidos HoldingsLDOS0.1%
• HSBC HoldingsHSBC0.1%
• Sprouts Farmers MarketSFM0.1%
• BoeingBA0.1%
• Charles SchwabSCHW0.1%
• Diamondback EnergyFANG0.1%
• V. F.VFC0.1%
• United RentalsURI0.1%
• Carrier GlobalCARR0.1%
• BradyBRCunder 0.1%
• PultegroupPHMunder 0.1%
• Quanta ServicesPWRunder 0.1%
• CBRE GroupCBREunder 0.1%
• AdobeADBEunder 0.1%