Jain Global portfolio

What changed this quarter

1678 positions with a change (851 new, 253 added to, 212 trimmed, 362 sold); also, 17 entered through an IPO, 11 exited through an acquisition or merger, 5 entered through a spin-off. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• SPDR Gold Shares ETF−97%fewer sharesReduced
  3.0% → 0.1%
• Alphabet−2.2 ppof portfolioReduced
  2.3% → 0.1%
• State Str Spdr S&P 500 ETF T+108%more sharesIncreased
  1.8% → 4.0%
• iShares Msci Emerging Market ETF−64%fewer sharesReduced
  2.7% → 1.1%
• Bloom Energy+1.8 ppof portfolioNew
  — → 1.8%
• Micron Technology−1.7 ppof portfolioSold out
  1.8% → —
• Microsoft+203%more sharesIncreased
  0.8% → 2.4%
• iShares Russell 2000 ETF−81%fewer sharesReduced
  1.7% → 0.4%
• NVIDIA+57%more sharesIncreased
  2.0% → 3.4%
• Broadcom+1.1 ppof portfolioNew
  — → 1.1%
• ServiceNow−89%fewer sharesReduced
  1.1% → 0.1%
• Marvell Technology−0.9 ppof portfolioSold out
  0.9% → —

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

• State Str Spdr S&P 500 ETF TSPY4.0%
• NVIDIANVDA3.4%
• MicrosoftMSFT2.4%
• State Street Health Care Select Sector ETFXLV1.8%
• Bloom EnergyBE1.8%
• AppleAAPL1.5%
• TeslaTSLA1.4%
• Vaneck ETF TrustGDX1.4%
• Vaneck ETF TrustGDXJ1.3%
• Advanced Micro DevicesAMD1.2%
• State Street SPDR S&P Biotech ETFXBI1.2%
• iShares Msci Emerging Market ETFEEM1.1%
• BroadcomAVGO1.1%
• Alibaba Group HoldingBABA1.0%
• Meta PlatformsMETA1.0%
• Howmet AerospaceHWM0.9%
• Space Exploration TechnologiesSPCX0.9%
• Credo Technology Group HoldingCRDO0.8%
• Vaneck ETF TrustSMH0.7%
• Unum GroupUNM0.7%
• IsharesEWZ0.7%
• BlackstoneBX0.6%
• Exxon MobilXOM0.6%
• AbbVieABBV0.6%
• SandiskSNDK0.6%
• ARK Innovation ETFARKK0.5%
• Allison Transmission HoldingsALSN0.5%
• Williams CompaniesWMB0.5%
• Curbline PropertiesCURB0.5%
• Hilton Worldwide HoldingsHLT0.5%
• Forgent Power SolutionsFPS0.4%
• Bank of AmericaBAC0.4%
• SBA CommunicationsSBAC0.4%
• Dycom IndustriesDY0.4%
• CBRE GroupCBRE0.4%
• Cerebras SystemsCBRS0.4%
• American Healthcare REITAHR0.4%
• Alphabet(preferred)0.4%
• ChevronCVX0.4%
• Ferguson EnterprisesFERG0.4%
• Carrier GlobalCARR0.4%
• Lattice SemiconductorLSCC0.4%
• Velos Acquisition IVLOS0.4%
• Pinnacle Financial PartnersPNFP0.4%
• Air Products and ChemicalsAPD0.4%
• United RentalsURI0.4%
• Voya FinancialVOYA0.4%
• Everest GroupEG0.4%
• AlbemarleALB0.4%
• iShares Russell 2000 ETFIWM0.4%
• Ingersoll RandIR0.4%
• Sherwin-williamsSHW0.4%
• DatadogDDOG0.4%
• W. P. CareyWPC0.4%
• QuantinuumQNT0.3%
• DT MidstreamDTM0.3%
• United Airlines HoldingsUAL0.3%
• American TowerAMT0.3%
• Americold Realty TrustCOLD0.3%
• QualcommQCOM0.3%
• CortevaCTVA0.3%
• Invitation HomesINVH0.3%
• Digital Realty TrustDLR0.3%
• RTXRTX0.3%
• Lincoln NationalLNC0.3%
• Abrdn Physical Gold Shares ETFSGOL0.3%
• AST SpacemobileASTS0.3%
• Columbia Banking SystemCOLB0.3%
• Lamar AdvertisingLAMR0.3%
• Karman HoldingsKRMN0.3%
• DPC HoldingsDPC0.3%
• UDRUDR0.3%
• Parker-hannifinPH0.3%
• Oracle(preferred)0.3%
• State Street Materials Select Sector ETFXLB0.3%
• ASML HoldingASML0.3%
• Charles SchwabSCHW0.3%
• EcolabECL0.3%
• iShares Msci Eafe ETFEFA0.3%
• Applied OptoelectronicsAAOI0.3%
• Home DepotHD0.3%
• Glacier BancorpGBCI0.3%
• Constellation EnergyCEG0.3%
• Amazon.comAMZN0.3%
• DoverDOV0.3%
• International Flavors & FragrancesIFF0.3%
• AmetekAME0.3%
• BALLBALL0.3%
• MedlineMDLN0.3%
• UBER TechnologiesUBER0.3%
• Sun CommunitiesSUI0.3%
• HIMS & Hers HealthHIMS0.3%
• SiTimeSITM0.3%
• WESCO InternationalWCC0.3%
• GlobalfoundriesGFS0.3%
• AssurantAIZ0.2%
• IsharesEWY0.2%
• Kodiak Gas ServicesKGS0.2%
• FortinetFTNT0.2%
• Packaging Corp of AmericaPKG0.2%