Caitong International Asset Management portfolio

What changed this quarter

3562 positions with a change (821 new, 1157 added to, 995 trimmed, 589 sold); also, 40 entered through an IPO. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• NVIDIA+2,303,795%more sharesIncreased
  under 0.1% → 9.6%
• Bloom Energy+387%more sharesIncreased
  2.7% → 8.5%
• Lumentum Holdings+4.3 ppof portfolioNew
  — → 4.3%
• Space Exploration Technologies+2.8 ppof portfolioNew
  — → 2.8%
• Strategy−42%fewer sharesReduced
  4.0% → 2.8%
• Nebius Group+347%more sharesIncreased
  0.9% → 2.5%
• Advanced Micro Devices+38%more sharesIncreased
  6.2% → 6.3%
• Microsoft+1.7 ppof portfolioNew
  — → 1.7%
• Dell Technologies+23,812%more sharesIncreased
  under 0.1% → 1.5%
• Corning−82%fewer sharesReduced
  4.2% → 0.3%
• Oracle−1.3 ppof portfolioSold out
  1.9% → —
• Seagate Technology Holdings−99.9%fewer sharesReduced
  1.8% → under 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

• NVIDIANVDA9.6%
• Bloom EnergyBE8.5%
• Advanced Micro DevicesAMD6.3%
• Lumentum HoldingsLITE4.3%
• IntelINTC4.0%
• StrategyMSTR2.8%
• Space Exploration TechnologiesSPCX2.8%
• Nebius GroupNBIS2.5%
• AlphabetGOOGL · GOOG2.4%
• AppleAAPL1.9%
• MicrosoftMSFT1.7%
• Dell TechnologiesDELL1.5%
• SK hynixSKHY1.2%
• CoherentCOHR1.1%
• Marvell TechnologyMRVL1.0%
• Taiwan Semiconductor ManufacturingTSM1.0%
• Hewlett Packard EnterpriseHPE0.8%
• Kodiak SciencesKOD0.8%
• ASML HoldingASML0.7%
• Bitmine Immersion TechnologiesBMNR0.7%
• AXTAXTI0.7%
• ARM HoldingsARM0.6%
• CrowdStrike HoldingsCRWD0.6%
• Hyperliquid StrategiesPURR0.6%
• Astera LabsALAB0.5%
• ShellSHEL0.5%
• AllstateALL0.5%
• uniQureQURE0.5%
• Gen DigitalGEN0.5%
• StablecoinXUSDE0.4%
• ConocoPhillipsCOP0.4%
• Applied OptoelectronicsAAOI0.4%
• Cipher DigitalCIFR0.4%
• SemtechSMTC0.4%
• Super Micro ComputerSMCI0.4%
• SalesforceCRM0.3%
• Arista NetworksANET0.3%
• CorningGLW0.3%
• Equinor ASAEQNR0.3%
• IRENIREN0.3%
• Warner Bros. DiscoveryWBD0.3%
• CelesticaCLS0.3%
• BlackBerryBB0.3%
• AmphenolAPH0.3%
• Petrobras - Petroleo BrasileiroPBR0.3%
• Wheaton Precious MetalsWPM0.3%
• MerckMRK0.2%
• Credo Technology Group HoldingCRDO0.2%
• Circle Internet GroupCRCL0.2%
• Occidental PetroleumOXY0.2%
• CF Industries HoldingsCF0.2%
• CumminsCMI0.2%
• United TherapeuticsUTHR0.2%
• BlackstoneBX0.2%
• New ERA Energy & DigitalNUAI0.2%
• StriveASST0.2%
• BPBP0.2%
• UiPathPATH0.2%
• Keel InfrastructureKEEL0.2%
• MARA HoldingsMARA0.2%
• EatonETN0.2%
• CRH publicCRH0.2%
• HubSpotHUBS0.2%
• Canadian Natural ResourcesCNQ0.2%
• CleanSparkCLSK0.2%
• EOG ResourcesEOG0.2%
• TerawulfWULF0.2%
• Venture GlobalVG0.2%
• RIOT PlatformsRIOT0.2%
• Realty IncomeO0.2%
• Roivant SciencesROIV0.2%
• CoreWeaveCRWV0.2%
• James Hardie IndustriesJHX0.2%
• Cheniere EnergyLNG0.2%
• Critical MetalsCRML0.2%
• Suncor EnergySU0.2%
• Devon EnergyDVN0.2%
• Forgent Power SolutionsFPS0.2%
• QualcommQCOM0.2%
• EQTEQT0.2%
• Bank of New York MellonBNY0.2%
• Cognizant Technology SolutionsCTSH0.2%
• Viking HoldingsVIK0.2%
• Applied DigitalAPLD0.2%
• HalliburtonHAL0.1%
• Fluence EnergyFLNC0.1%
• Ultragenyx PharmaceuticalRARE0.1%
• Hertz Global HoldingsHTZ0.1%
• Viavi SolutionsVIAV0.1%
• ON SemiconductorON0.1%
• GrailGRAL0.1%
• OvintivOVV0.1%
• Rush Street InteractiveRSI0.1%
• SM EnergySM0.1%
• Nu HoldingsNU0.1%
• PaccarPCAR0.1%
• AonAON0.1%
• MedtronicMDT0.1%
• HIVE Digital TechnologiesHIVE0.1%