Erste Asset Management GmbH portfolio

What changed this quarter

550 positions with a change (78 new, 212 added to, 190 trimmed, 70 sold); also, 7 exited through an acquisition or merger. 5 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Broadcom+54%more sharesIncreased
  1.8% → 2.9%
• Microsoft+27%more sharesIncreased
  3.6% → 4.0%
• Lam Research−26%fewer sharesReduced
  1.7% → 2.1%
• JPMorgan Chase+74%more sharesIncreased
  0.9% → 1.6%
• Cintas−87%fewer sharesReduced
  0.8% → 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

• AlphabetGOOGL · GOOG5.3%
• NVIDIANVDA5.2%
• AppleAAPL4.3%
• MicrosoftMSFT4.0%
• BroadcomAVGO2.9%
• Lam ResearchLRCX2.1%
• Amazon.comAMZN1.8%
• VisaV1.7%
• KLAKLAC1.6%
• Micron TechnologyMU1.6%
• JPMorgan ChaseJPM1.6%
• iShares Gold Trust ETFIAU1.5%
• Applied MaterialsAMAT1.3%
• Meta PlatformsMETA1.3%
• Eli LillyLLY1.2%
• TJXTJX1.2%
• NetflixNFLX1.1%
• Advanced Micro DevicesAMD1.0%
• Johnson & JohnsonJNJ1.0%
• Cisco SystemsCSCO1.0%
• AutodeskADSK0.9%
• SPDR Gold Shares ETFGLD0.8%
• Palo Alto NetworksPANW0.7%
• Taiwan Semiconductor ManufacturingTSM0.7%
• IntelINTC0.7%
• Guardant HealthGH0.7%
• WelltowerWELL0.7%
• Coca-ColaKO0.7%
• Agios PharmaceuticalsAGIO0.6%
• GE VernovaGEV0.6%
• WabtecWAB0.6%
• Arista NetworksANET0.6%
• MerckMRK0.6%
• ProgressivePGR0.6%
• UnitedHealth GroupUNH0.6%
• CrowdStrike HoldingsCRWD0.5%
• OracleORCL0.5%
• Invesco Exchange Traded Fund TRSP0.5%
• NextpowerNXT0.5%
• AbbVieABBV0.5%
• TapestryTPR0.5%
• HA Sustainable Infrastructure CapitalHASI0.5%
• Ormat TechnologiesORA0.5%
• Goldman Sachs GroupGS0.5%
• Devon EnergyDVN0.5%
• Madrigal PharmaceuticalsMDGL0.5%
• Texas InstrumentsTXN0.4%
• Marvell TechnologyMRVL0.4%
• Gilead SciencesGILD0.4%
• Home DepotHD0.4%
• S&P GlobalSPGI0.4%
• MastercardMA0.4%
• First SolarFSLR0.4%
• CoStar GroupCSGP0.4%
• International Business MachinesIBM0.4%
• iShares Msci Emerging Market ETFEEM0.4%
• Quanta ServicesPWR0.4%
• Procter & GamblePG0.4%
• HubbellHUBB0.4%
• NateraNTRA0.4%
• AmgenAMGN0.4%
• Sarepta TherapeuticsSRPT0.4%
• SempraSRE0.3%
• Abbott LaboratoriesABT0.3%
• CitigroupC0.3%
• Morgan StanleyMS0.3%
• Baker HughesBKR0.3%
• LKQLKQ0.3%
• PepsicoPEP0.3%
• Boston ScientificBSX0.3%
• Kinsale Capital GroupKNSL0.3%
• State Str Spdr S&P 500 ETF TSPY0.3%
• CortevaCTVA0.3%
• Texas RoadhouseTXRH0.3%
• Booking HoldingsBKNG0.3%
• Vertex PharmaceuticalsVRTX0.3%
• RBC BearingsRBC0.3%
• Darling IngredientsDAR0.3%
• Dollar GeneralDG0.3%
• Choice Hotels InternationalCHH0.3%
• AdobeADBE0.3%
• iShares Msci Acwi ETFACWI0.3%
• PinterestPINS0.3%
• Bloom EnergyBE0.3%
• Philip Morris InternationalPM0.3%
• IdexIEX0.3%
• CorningGLW0.3%
• Intuitive SurgicalISRG0.3%
• ON SemiconductorON0.3%
• NewmontNEM0.3%
• FiservFISV0.3%
• SynopsysSNPS0.2%
• East West BancorpEWBC0.2%
• EverpureP0.2%
• RobloxRBLX0.2%
• Firstcash HoldingsFCFS0.2%
• Solaredge TechnologiesSEDG0.2%
• Valero EnergyVLO0.2%
• PrologisPLD0.2%