Royal Fund Management portfolio

What changed this quarter

237 positions with a change (13 new, 146 added to, 57 trimmed, 21 sold). 10 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Lam Research−1.7 ppof portfolioSold out
  1.8% → —
• State Str Spdr DOW Jones IND+1.4 ppof portfolioNew
  — → 1.4%
• iShares S&P 500 Growth ETF−76%fewer sharesReduced
  1.7% → 0.4%
• iShares S&P Small-cap 600 GR ETF+1,258%more sharesIncreased
  0.1% → 1.3%
• WisdomTree Cybersecurity FND ETF+0.8 ppof portfolioNew
  — → 0.8%
• Space Exploration Technologies+200%more sharesIncreased
  0.4% → 1.0%
• State Street Financial Select Sector ETF+104%more sharesIncreased
  0.7% → 1.3%
• State Street Energy Select Sector ETF−94%fewer sharesReduced
  0.7% → under 0.1%
• Oneok−0.6 ppof portfolioSold out
  0.6% → —
• Marvell Technology+2,410%more sharesIncreased
  under 0.1% → 0.6%

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

• Invesco QQQ Trust Series 1 ETFQQQ3.5%
• Vanguard S&P 500 ETFVOO3.4%
• State Str Spdr S&P 500 ETF TSPY2.3%
• MicrosoftMSFT1.8%
• State Street SPDR S&P Biotech ETFXBI1.6%
• NVIDIANVDA1.4%
• State Str Spdr DOW Jones INDDIA1.4%
• Dell TechnologiesDELL1.4%
• JPMorgan ChaseJPM1.4%
• iShares 20+ Year Treasury BD ETFTLT1.3%
• iShares S&P Small-cap 600 GR ETFIJT1.3%
• State Street Financial Select Sector ETFXLF1.3%
• Vanguard Info Tech ETFVGT1.3%
• AppleAAPL1.3%
• Robinhood MarketsHOOD1.2%
• AbbVieABBV1.2%
• CrowdStrike HoldingsCRWD1.2%
• State Street Technology Select Sector ETFXLK1.1%
• QualcommQCOM1.1%
• AlphabetGOOGL1.1%
• State Street Industrial Select Sector ETFXLI1.1%
• Phillips 66PSX1.1%
• iShares Msci USA Momentum FA ETFMTUM1.1%
• Space Exploration TechnologiesSPCX1.0%
• RTXRTX1.0%
• Vanguard Russell 1000 Growth ETFVONG1.0%
• Vanguard Mrngstar GR ETF-sui ETFVUG1.0%
• Amazon.comAMZN1.0%
• BroadcomAVGO0.9%
• Vanguard Health Care ETFVHT0.9%
• iShares Russell 2000 ETFIWM0.9%
• WalmartWMT0.9%
• Schwab US Large-cap Growth ETFSCHG0.9%
• MerckMRK0.9%
• Johnson & JohnsonJNJ0.8%
• WisdomTree Cybersecurity FND ETFWCBR0.8%
• International Business MachinesIBM0.8%
• iShares Global Healthcare ET ETFIXJ0.8%
• State Street Health Care Select Sector ETFXLV0.8%
• Palantir TechnologiesPLTR0.8%
• Vanguard World FundMGK0.8%
• iShares Semiconductor ETFSOXX0.8%
• AmgenAMGN0.8%
• iShares Core Dividend Growth ETFDGRO0.8%
• State Street SPDR S&P Cap Mkts ETFKCE0.7%
• iShares Msci India ETFINDA0.7%
• GarminGRMN0.7%
• DatadogDDOG0.7%
• TeslaTSLA0.7%
• NewmontNEM0.6%
• Digital Realty TrustDLR0.6%
• Ishares TrIUSB0.6%
• Meta PlatformsMETA0.6%
• 3mMMM0.6%
• CVS HealthCVS0.6%
• UBER TechnologiesUBER0.6%
• BlackstoneBX0.6%
• iShares 10-20 Year Treasury ETFTLH0.6%
• Darden RestaurantsDRI0.6%
• SnowflakeSNOW0.6%
• Marvell TechnologyMRVL0.6%
• Lamar AdvertisingLAMR0.5%
• Cisco SystemsCSCO0.5%
• StarbucksSBUX0.5%
• Emerson ElectricEMR0.5%
• Procter & GamblePG0.5%
• IntelINTC0.5%
• Union PacificUNP0.5%
• Rocket LabRKLB0.5%
• Waste ManagementWM0.5%
• Eli LillyLLY0.5%
• Vanguard World FundMGV0.5%
• CarvanaCVNA0.5%
• Vanguard Energy ETFVDE0.5%
• Verizon CommunicationsVZ0.5%
• Vanguard International Equity Index FVT0.5%
• Vertiv HoldingsVRT0.5%
• iShares Core 40/60 Moderate ETFAOM0.5%
• Kimberly ClarkKMB0.5%
• At&tT0.4%
• Affirm HoldingsAFRM0.4%
• Vistra OperationsVST0.4%
• Invesco Global EX US High YI ETFPGHY0.4%
• J P Morgan Exchange Traded FundBBHY0.4%
• Vanguard Emerg Mkts GOV BND ETFVWOB0.4%
• ChevronCVX0.4%
• US Bancorp \de\USB0.4%
• iShares S&P 500 Growth ETFIVW0.4%
• CoreWeaveCRWV0.4%
• CorningGLW0.4%
• McDONALD’SMCD0.4%
• Duke EnergyDUK0.4%
• Suncor EnergySU0.4%
• Vanguard Index FundsVTI0.4%
• Vanguard Dividend Apprec ETFVIG0.4%
• SamsaraIOT0.3%
• Vanguard Index FundsVV0.3%
• Bristol-myers SquibbBMY0.3%
• Agnico Eagle MinesAEM0.3%
• Vanguard Admiral FundsVOOG0.3%