Clear Street Group portfolio

What changed this quarter

942 positions with a change (192 new, 344 added to, 364 trimmed, 42 sold); also, 69 entered through an IPO, 32 exited through an acquisition or merger, 98 entered through a spin-off. 7 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Sandisk+144%more sharesIncreased
  4.4% → 21.5%
• Advanced Micro Devices−37%fewer sharesReduced
  6.3% → 6.4%
• Western Digital+240%more sharesIncreased
  0.4% → 1.7%
• NVIDIA−3.5%fewer sharesReduced
  31.1% → 19.4%
• Applied Optoelectronics+0.6 ppof portfolioNew
  — → 0.6%
• Coherent+150%more sharesIncreased
  0.4% → 0.9%
• UnitedHealth Group−64%fewer sharesReduced
  0.9% → 0.3%

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

• SandiskSNDK21.5%
• NVIDIANVDA19.4%
• Advanced Micro DevicesAMD6.4%
• AlphabetGOOGL · GOOG4.1%
• AppleAAPL3.4%
• MicrosoftMSFT3.4%
• Roundhill ETF TrustDRAM3.4%
• Nebius GroupNBIS3.2%
• Amazon.comAMZN3.1%
• Meta PlatformsMETA2.3%
• Western DigitalWDC1.7%
• Lumentum HoldingsLITE1.6%
• Coinbase GlobalCOIN1.1%
• Bloom EnergyBE1.0%
• CoherentCOHR0.9%
• CoreWeaveCRWV0.9%
• Palantir TechnologiesPLTR0.9%
• Credo Technology Group HoldingCRDO0.8%
• Astera LabsALAB0.8%
• Space Exploration TechnologiesSPCX0.7%
• AST SpacemobileASTS0.7%
• Applied OptoelectronicsAAOI0.6%
• CorningGLW0.6%
• Lam ResearchLRCX0.5%
• Bitmine Immersion TechnologiesBMNR0.5%
• Marvell TechnologyMRVL0.5%
• IRENIREN0.5%
• D-Wave QuantumQBTS0.5%
• AppLovinAPP0.5%
• ARM HoldingsARM0.5%
• Circle Internet GroupCRCL0.4%
• Robinhood MarketsHOOD0.4%
• GE VernovaGEV0.4%
• StrategyMSTR0.4%
• BroadcomAVGO0.4%
• State Street SPDR S&P Retail ETFXRT0.4%
• TeslaTSLA0.4%
• Cerebras SystemsCBRS0.3%
• AXTAXTI0.3%
• International Business MachinesIBM0.3%
• Invesco QQQ Trust Series 1 ETFQQQ0.3%
• UnitedHealth GroupUNH0.3%
• Super Micro ComputerSMCI0.3%
• State Street SPDR S&P Biotech ETFXBI0.3%
• Tempus AITEM0.2%
• KLAKLAC0.2%
• Rocket LabRKLB0.2%
• Seagate Technology HoldingsSTX0.2%
• OkloOKLO0.2%
• ASML HoldingASML0.2%
• Applied MaterialsAMAT0.2%
• IonQIONQ0.2%
• Upstart HoldingsUPST0.2%
• Alibaba Group HoldingBABA0.2%
• EchoStarECHO0.2%
• AdobeADBE0.2%
• ETF Opportunities TrustTDAQ0.2%
• SalesforceCRM0.2%
• OracleORCL0.2%
• SnowflakeSNOW0.2%
• Micron TechnologyMU0.2%
• Entrepreneurshares Series TrXOVR0.2%
• NetflixNFLX0.2%
• Taiwan Semiconductor ManufacturingTSM0.2%
• Joby AviationJOBY0.1%
• Galaxy DigitalGLXY0.1%
• Constellation EnergyCEG0.1%
• MARA HoldingsMARA0.1%
• Rigetti ComputingRGTI0.1%
• NokiaNOK0.1%
• HIMS & Hers HealthHIMS0.1%
• Futu HoldingsFUTU0.1%
• CienaCIEN0.1%
• CelesticaCLS0.1%
• Corgi Founder-led ETFFDRS0.1%
• SoFi TechnologiesSOFI0.1%
• Nuscale PowerSMR0.1%
• GameStopGME0.1%
• Trade DeskTTD0.1%
• OndasONDS0.1%
• Eli LillyLLY0.1%
• PayPal HoldingsPYPL0.1%
• TeradyneTER0.1%
• FigmaFIG0.1%
• ETF Opportunities TrustTSPY0.1%
• Novo Nordisk A/sNVO0.1%
• Intuitive SurgicalISRGunder 0.1%
• iShares Ethereum Trust ETFETHAunder 0.1%
• Quantum ComputingQUBTunder 0.1%
• CloudflareNETunder 0.1%
• Figure Technology SolutionsFIGRunder 0.1%
• Trump Media & Technology GroupDJTunder 0.1%
• Intuitive MachinesLUNRunder 0.1%
• FabrinetFNunder 0.1%
• IPG PhotonicsIPGPunder 0.1%
• Palo Alto NetworksPANWunder 0.1%
• Archer AviationACHRunder 0.1%
• Planet Labs PBCPLunder 0.1%
• Glass House BrandsGLASunder 0.1%