Cardinal Point Capital Management ULC portfolio

What changed this quarter

201 positions with a change (16 new, 84 added to, 74 trimmed, 27 sold). 3 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• BlackRock ETF Trust+2.2 ppof portfolioNew
  — → 2.2%
• Vanguard Instl Index Fund−99%fewer sharesReduced
  1.4% → under 0.1%
• Vanguard Tax-exempt Bond ETF−0.6 ppof portfolioSold out
  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

• Vanguard Index FundsVTI13.0%
• AppleAAPL4.4%
• WisdomTree Floating Rate TRE ETFUSFR4.2%
• Vanguard International Equity Index FVEU4.1%
• Dimensional ETF TrustDFAX4.1%
• Vanguard Intermediate-term T ETFVGIT3.9%
• iShares US Equity Factor ETFLRGF3.3%
• Dimensional ETF TrustDFAC2.6%
• AlphabetGOOG · GOOGL2.6%
• Litman Gregory Funds TrDBMF2.3%
• BlackRock ETF TrustIALT2.2%
• iShares National Muni Bond E ETFMUB2.1%
• Royal Bank of CanadaRY2.1%
• NVIDIANVDA2.0%
• Pimco Multisector Bond Actv ETFPYLD1.9%
• Toronto Dominion BankTD1.8%
• Bank of MontrealBMO1.6%
• Pimco Municipal Income Oppor ETFMINO1.5%
• Suncor EnergySU1.4%
• MicrosoftMSFT1.3%
• iShares Gold Trust ETFIAU1.3%
• JPMorgan ChaseJPM1.1%
• Manulife FinancialMFC1.1%
• Johnson & JohnsonJNJ1.1%
• Bank of Nova ScotiaBNS1.1%
• iShares Treasury Floating RA ETFTFLO1.0%
• WalmartWMT1.0%
• Cisco SystemsCSCO0.9%
• Canadian National RailwayCNI0.9%
• NewmontNEM0.9%
• EnbridgeENB0.9%
• SunococorpSUNC0.8%
• TC EnergyTRP0.8%
• Berkshire HathawayBRK/B · BRK/A0.8%
• Agnico Eagle MinesAEM0.8%
• Philip Morris InternationalPM0.8%
• Vaneck ETF TrustGDX0.7%
• First Tr Exch Traded Fund IIIFTLS0.6%
• Canadian Natural ResourcesCNQ0.6%
• Rogers CommunicationsRCI0.6%
• CVS HealthCVS0.6%
• Dimensional ETF TrustDFSU0.6%
• OracleORCL0.6%
• Open TextOTEX0.6%
• Amazon.comAMZN0.6%
• PfizerPFE0.5%
• International Business MachinesIBM0.5%
• Brookfield BusinessBBUC0.5%
• PepsicoPEP0.5%
• CGIGIB0.5%
• FedExFDX0.5%
• VisaV0.4%
• TeslaTSLA0.4%
• Costco WholesaleCOST0.4%
• State Str Spdr S&P 500 ETF TSPY0.4%
• Boyd Group ServicesBGSI0.4%
• Vanguard Info Tech ETFVGT0.4%
• ViatrisVTRS0.3%
• Comfort Systems USAFIX0.3%
• Invesco QQQ Trust Series 1 ETFQQQ0.3%
• Dimensional ETF TrustDFSI0.2%
• ComcastCMCSA0.2%
• Vanguard S&P 500 ETFVOO0.2%
• State Street Technology Select Sector ETFXLK0.2%
• CorningGLW0.2%
• Walt DisneyDIS0.2%
• Canadian Imperial Bank of CommerceCM0.2%
• GFL EnvironmentalGFL0.2%
• McDONALD’SMCD0.2%
• iShares Core S&P 500 ETFIVV0.1%
• Meta PlatformsMETA0.1%
• First Trust RBA American IND ETFAIRR0.1%
• iShares ESG Aware 1-5 Year U ETFSUSB0.1%
• Sun Life FinancialSLF0.1%
• Micron TechnologyMU0.1%
• Estée LauderEL0.1%
• Bank of AmericaBAC0.1%
• iShares ESG Aware US Aggrega ETFEAGG0.1%
• AbbVieABBV0.1%
• TransaltaTAC0.1%
• TCW ETF TrustPWRD0.1%
• CitigroupC0.1%
• GE VernovaGEV0.1%
• Alamos GoldAGI0.1%
• CAECAE0.1%
• BrookfieldBN0.1%
• MagniteMGNI0.1%
• iShares U.s. Aerospace & DEF ETFITA0.1%
• NetflixNFLX0.1%
• FedEx Freight HoldingFDXF0.1%
• Ishares TrCRBN0.1%
• iShares Russell 1000 Growth ETFIWF0.1%
• YETI HoldingsYETI0.1%
• Verizon CommunicationsVZ0.1%
• UnitedHealth GroupUNH0.1%
• Equinox GoldEQX0.1%
• Eli LillyLLY0.1%
• Goldman Sachs GroupGS0.1%