Koss-Olinger Consulting portfolio

What changed this quarter

224 positions with a change (7 new, 30 added to, 99 trimmed, 88 sold); also, 2 exited through an acquisition or merger. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• iShares Msci Acwi EX US ETF+85%more sharesIncreased
  6.9% → 12.9%
• Schwab US Large-cap ETF+22%more sharesIncreased
  22.5% → 29.0%
• iShares Msci Emerging Market ETF+1,130%more sharesIncreased
  0.3% → 3.9%
• Spdr Index SHS Funds−99%fewer sharesReduced
  2.9% → under 0.1%
• State Street SPDR P S&P 400 Midcap ETF+48%more sharesIncreased
  5.3% → 8.2%
• Invesco Senior Loan ETF+100%more sharesIncreased
  1.4% → 2.6%
• iShares S&P 500 Value ETF−65%fewer sharesReduced
  1.6% → 0.6%
• Vanguard International Equity Index F−68%fewer sharesReduced
  1.4% → 0.5%
• iShares Russell Mid-cap ETF−90%fewer sharesReduced
  0.9% → 0.1%
• iShares Core 1-5 Year USD BO ETF−71%fewer sharesReduced
  1.2% → 0.3%
• iShares Intermediate Governm ETF−57%fewer sharesReduced
  1.4% → 0.5%
• iShares S&P 500 Growth ETF−87%fewer sharesReduced
  0.7% → 0.1%

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

• Schwab US Large-cap ETFSCHX29.0%
• iShares Msci Acwi EX US ETFACWX12.9%
• Pimco Active Bond Exchange-t ETFBOND9.6%
• State Street SPDR P S&P 400 Midcap ETFSPMD8.2%
• iShares Core U.s. Aggregate ETFAGG6.9%
• J P Morgan Exchange Traded FundJPSE5.0%
• iShares Msci Emerging Market ETFEEM3.9%
• iShares Broad USD High Yield ETFUSHY3.4%
• Invesco Senior Loan ETFBKLN2.6%
• State Street SPDR S&P 500 ESG ETFEFIV2.3%
• Vanguard Long-term Bond ETFBLV2.0%
• NVIDIANVDA0.6%
• iShares Russell 1000 ETFIWB0.6%
• iShares S&P 500 Value ETFIVE0.6%
• Ishare ESG SS S&P Midcap ETFXJH0.6%
• iShares Core S&P 500 ETFIVV0.5%
• iShares Intermediate Governm ETFGVI0.5%
• Nushares ETF TrNUBD0.5%
• Vanguard International Equity Index FVWO0.5%
• Vanguard ESG International Stock ETFVSGX0.4%
• iShares Core 1-5 Year USD BO ETFISTB0.3%
• Vanguard Short-term Bond ETFBSV0.3%
• State Str Spdr S&P 500 ETF TSPY0.3%
• AlphabetGOOG · GOOGL0.3%
• iShares 0-5 Year Tips Bond E ETFSTIP0.3%
• IsharesESGE0.3%
• State Street Technology Select Sector ETFXLK0.3%
• AppleAAPL0.2%
• State Street SPDR P S&P 500 Value ETFSPYV0.2%
• Vanguard Short-term Tips ETFVTIP0.2%
• GE AerospaceGE0.2%
• iShares Select U.s. Reit ETFICF0.2%
• Schwab US Reit ETFSCHH0.2%
• Berkshire HathawayBRK/B0.2%
• Manager Directed PortfoliosVGSR0.2%
• GE VernovaGEV0.2%
• Global X S&P 500 CA Val ETFCATH0.2%
• Invesco S&P Global Water IND ETFCGW0.1%
• Amazon.comAMZN0.1%
• State Street SPDR P S&P 1500 Comp ETFSPTM0.1%
• State Street SPDR S&P 400 MC GR ETFMDYG0.1%
• iShares S&P 500 Growth ETFIVW0.1%
• State Street SPDR P St C Corp ETFSPSB0.1%
• L3harris TechnologiesLHX0.1%
• iShares Russell Mid-cap ETFIWR0.1%
• Invesco QQQ Trust Series 1 ETFQQQ0.1%
• State Street SPDR S&P 400 MC Val ETFMDYV0.1%
• Invesco Exchange Traded Fund TRSP0.1%
• Vanguard Ftse Developed ETFVEA0.1%
• MicrosoftMSFT0.1%
• iShares Global Tech ETFIXN0.1%
• Meta PlatformsMETA0.1%
• Schwab International Equity ETFSCHF0.1%
• Vanguard Index FundsVTI0.1%
• iShares Core Msci Eafe ETFIEFA0.1%
• Altria GroupMO0.1%
• PayPal HoldingsPYPL0.1%
• Invesco Bulletshares 2026 CB ETFBSCQ0.1%
• Northern LTS Fund Tr IVISMD0.1%
• CaterpillarCAT0.1%
• Vanguard Intermediate-term T ETFVGIT0.1%
• Invesco Bulletshares 2027 CB ETFBSCR0.1%
• DavitaDVA0.1%
• TeslaTSLA0.1%
• iShares Msci Eafe Growth ETFEFG0.1%
• iShares Msci Eafe Value ETFEFV0.1%
• Invesco Bulletshares 2028 CB ETFBSCS0.1%
• Procter & GamblePG0.1%
• iShares Core S&P Midcap ETFIJH0.1%
• TargetTGT0.1%
• iShares Ibonds DEC 2026 Term ETFIBTG0.1%
• DBX ETF TrHYLB0.1%
• State Street SPDR P S&P 500 Growth ETFSPYG0.1%
• iShares Ibonds DEC 2027 Term ETFIBTHunder 0.1%
• iShares Ibonds DEC 2028 Term ETFIBTIunder 0.1%
• State Street SPDR S&P 600 SC GR ETFSLYGunder 0.1%
• Columbia EM Core Ex-china ETFXCEMunder 0.1%
• Verizon CommunicationsVZunder 0.1%
• Invesco S&P 500 Concentrated ETFQVMTunder 0.1%
• BroadcomAVGOunder 0.1%
• iShares Broad USD Investment ETFUSIGunder 0.1%
• Northern LTS Fund Tr IVWWJDunder 0.1%
• Vanguard S&P 500 ETFVOOunder 0.1%
• JabilJBLunder 0.1%
• Vanguard International Equity Index FVPLunder 0.1%
• Sprouts Farmers MarketSFMunder 0.1%
• Invesco Bulletshares 2026 HY ETFBSJQunder 0.1%
• Invesco Bulletshares 2027 HY ETFBSJRunder 0.1%
• iShares Msci Eafe ETFEFAunder 0.1%
• Invesco Bulletshares 2028 HY ETFBSJSunder 0.1%
• State Street SPDR S&P Dividend ETFSDYunder 0.1%
• State Str Spdr S&P Midcap 40MDYunder 0.1%
• Cisco SystemsCSCOunder 0.1%
• AxogenAXGNunder 0.1%
• 3mMMMunder 0.1%
• International Business MachinesIBMunder 0.1%
• Vanguard Short-term Treasury ETFVGSHunder 0.1%
• Invesco Exchange Traded Fund TRSPTunder 0.1%
• Vanguard Total International Bond ETFBNDXunder 0.1%