Concentric Capital Strategies portfolio

What changed this quarter

434 positions with a change (131 new, 109 added to, 60 trimmed, 134 sold); also, 2 entered through an IPO, 1 exited through an acquisition or merger. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Barclays Bank+299%more sharesIncreased
  0.9% → 1.6%
• iShares 20+ Year Treasury BD ETF−0.8 ppof portfolioSold out
  1.1% → —
• Invesco Exchange Traded Fund T−0.7 ppof portfolioSold out
  1.0% → —
• State Street Health Care Select Sector ETF+136%more sharesIncreased
  0.6% → 1.1%
• State Str Spdr S&P 500 ETF T−1.8%fewer sharesReduced
  43.5% → 34.7%
• State Street Energy Select Sector ETF+4,101%more sharesIncreased
  under 0.1% → 0.6%
• Take-two Interactive Software+208%more sharesIncreased
  0.3% → 0.9%
• Apple−36%fewer sharesReduced
  2.0% → 1.0%
• Corteva+0.6 ppof portfolioNew
  — → 0.6%
• Packaging Corp of America−72%fewer sharesReduced
  1.0% → 0.2%
• Johnson & Johnson+420%more sharesIncreased
  0.2% → 0.7%
• Waste Connections+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

• State Str Spdr S&P 500 ETF TSPY34.7%
• Barclays BankVXX1.6%
• NVIDIANVDA1.3%
• State Street Health Care Select Sector ETFXLV1.1%
• Amazon.comAMZN1.1%
• AppleAAPL1.0%
• State Street Technology Select Sector ETFXLK1.0%
• AlphabetGOOGL0.9%
• Take-two Interactive SoftwareTTWO0.9%
• LindeLIN0.8%
• Madison Square Grdn Sprt CORMSGS0.8%
• Applied MaterialsAMAT0.7%
• DPC HoldingsDPC0.7%
• Johnson & JohnsonJNJ0.7%
• Boise CascadeBCC0.6%
• State Street Energy Select Sector ETFXLE0.6%
• CortevaCTVA0.6%
• RTXRTX0.6%
• EcolabECL0.5%
• Sherwin-williamsSHW0.5%
• VisaV0.5%
• Waste ConnectionsWCN0.5%
• Spotify TechnologySPOT0.5%
• UL SolutionsULS0.5%
• Lam ResearchLRCX0.5%
• CSXCSX0.5%
• Tenable HoldingsTENB0.5%
• SandiskSNDK0.5%
• MicrosoftMSFT0.5%
• MKSMKSI0.5%
• Clean HarborsCLH0.5%
• JPMorgan ChaseJPM0.5%
• Cisco SystemsCSCO0.5%
• TeslaTSLA0.5%
• MastercardMA0.5%
• Liberty MediaFWONK0.5%
• Texas InstrumentsTXN0.4%
• GE AerospaceGE0.4%
• Coca-ColaKO0.4%
• Capital One FinancialCOF0.4%
• CDWCDW0.4%
• Costco WholesaleCOST0.4%
• BIO RAD LabsBIO0.4%
• TrexTREX0.4%
• Hewlett Packard EnterpriseHPE0.4%
• Listed Funds TrMAGS0.4%
• ArcbestARCB0.4%
• EquinixEQIX0.4%
• American ExpressAXP0.4%
• AmetekAME0.4%
• American International GroupAIG0.4%
• Keysight TechnologiesKEYS0.4%
• AramarkARMK0.4%
• ATIATI0.4%
• Republic ServicesRSG0.4%
• AmphenolAPH0.4%
• OpenlaneOPLN0.4%
• Goldman Sachs GroupGS0.4%
• WayfairW0.4%
• iShares Expanded Tech-softwa ETFIGV0.4%
• United Airlines HoldingsUAL0.4%
• MethanexMEOH0.4%
• NordsonNDSN0.4%
• TTM TechnologiesTTMI0.3%
• JabilJBL0.3%
• PlexusPLXS0.3%
• Hayward HoldingsHAYW0.3%
• NutanixNTNX0.3%
• Johnson Controls InternationalJCI0.3%
• WabtecWAB0.3%
• WalmartWMT0.3%
• DonaldsonDCI0.3%
• UBER TechnologiesUBER0.3%
• Lockheed MartinLMT0.3%
• Micron TechnologyMU0.3%
• BroadcomAVGO0.3%
• Texas RoadhouseTXRH0.3%
• CumminsCMI0.3%
• Philip Morris InternationalPM0.3%
• Parker-hannifinPH0.3%
• IdexIEX0.3%
• BWX TechnologiesBWXT0.3%
• Baker HughesBKR0.3%
• FLEXFLEX0.3%
• Affiliated Managers GroupAMG0.3%
• MasTecMTZ0.3%
• Waste ManagementWM0.3%
• Qnity ElectronicsQ0.3%
• ASML HoldingASML0.3%
• RBC BearingsRBC0.3%
• ONTO InnovationONTO0.3%
• Allison Transmission HoldingsALSN0.3%
• Ferguson EnterprisesFERG0.3%
• O Reilly AutomotiveORLY0.3%
• St SR UTL SL SE SPDR ETF-usd ETFXLU0.3%
• Varonis SystemsVRNS0.3%
• Hub GroupHUBG0.2%
• RPM InternationalRPM0.2%
• GFL EnvironmentalGFL0.2%
• DanaherDHR0.2%