SummitTX Capital portfolio

What changed this quarter

1027 positions with a change (315 new, 188 added to, 229 trimmed, 295 sold); also, 11 entered through an IPO, 15 exited through an acquisition or merger, 1 entered through a spin-off. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Invesco QQQ Trust Series 1 ETF+32%more sharesIncreased
  5.3% → 7.4%
• Analog Devices+948%more sharesIncreased
  0.2% → 1.8%
• State Str Spdr S&P 500 ETF T−11%fewer sharesReduced
  15.0% → 12.6%
• Invesco Exchange Traded Fund T−62%fewer sharesReduced
  1.4% → 0.5%
• Meritage Homes−87%fewer sharesReduced
  0.9% → 0.1%
• Griffon−67%fewer sharesReduced
  1.0% → 0.4%
• Micron Technology+0.7 ppof portfolioNew
  — → 0.7%
• GE Aerospace−95%fewer sharesReduced
  0.8% → under 0.1%
• NVIDIA−0.7 ppof portfolioSold out
  0.8% → —
• Advanced Micro Devices+0.7 ppof portfolioNew
  — → 0.7%
• TopBuild−72%fewer sharesReduced
  0.9% → 0.2%
• 3m+818%more sharesIncreased
  0.1% → 0.7%

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 TSPY12.6%
• Invesco QQQ Trust Series 1 ETFQQQ7.4%
• Analog DevicesADI1.8%
• MKSMKSI1.5%
• ASML HoldingASML1.4%
• Applied MaterialsAMAT1.1%
• State Street Industrial Select Sector ETFXLI0.9%
• NXP SemiconductorsNXPI0.9%
• Amazon.comAMZN0.8%
• O Reilly AutomotiveORLY0.7%
• CBRE GroupCBRE0.7%
• Micron TechnologyMU0.7%
• 3mMMM0.7%
• LPL Financial HoldingsLPLA0.7%
• Advanced Micro DevicesAMD0.7%
• ONTO InnovationONTO0.7%
• State Str Spdr S&P Midcap 40MDY0.6%
• Lowe'sLOW0.6%
• Alliant EnergyLNT0.6%
• Zions Bancorporation, National AssociationZION0.6%
• LindeLIN0.5%
• WalmartWMT0.5%
• US Bancorp \de\USB0.5%
• AmerenAEE0.5%
• Cisco SystemsCSCO0.5%
• NVRNVR0.5%
• RokuROKU0.5%
• Costco WholesaleCOST0.5%
• Invesco Exchange Traded Fund TRSP0.5%
• Intercontinental ExchangeICE0.5%
• Toll BrothersTOL0.5%
• Warner Bros. DiscoveryWBD0.5%
• Gaming and Leisure PropertiesGLPI0.4%
• FLEXFLEX0.4%
• Estée LauderEL0.4%
• QXOQXO0.4%
• Choice Hotels InternationalCHH0.4%
• Liberty BroadbandLBRDK0.4%
• Galaxy DigitalGLXY0.4%
• Travel & LeisureTNL0.4%
• Devon EnergyDVN0.4%
• Floor & Decor HoldingsFND0.4%
• EcolabECL0.4%
• Seagate Technology HoldingsSTX0.4%
• Bank of AmericaBAC0.4%
• Motorola SolutionsMSI0.4%
• Credo Technology Group HoldingCRDO0.4%
• Amer SportsAS0.4%
• SiteOne Landscape SupplySITE0.4%
• Capital One FinancialCOF0.4%
• Essential Properties Realty TrustEPRT0.4%
• Rhythm PharmaceuticalsRYTM0.4%
• First HorizonFHN0.4%
• EntergyETR0.4%
• GriffonGFF0.4%
• Rocket CompaniesRKT0.4%
• On HoldingONON0.4%
• Huntington BancsharesHBAN0.3%
• Installed Building ProductsIBP0.3%
• American Eagle OutfittersAEO0.3%
• Southstate BankSSB0.3%
• Host Hotels & ResortsHST0.3%
• EvercoreEVR0.3%
• Moody'sMCO0.3%
• Sprouts Farmers MarketSFM0.3%
• Ultragenyx PharmaceuticalRARE0.3%
• Old National BancorpONB0.3%
• DTE EnergyDTE0.3%
• Live Nation EntertainmentLYV0.3%
• Bj’s Wholesale Club HoldingsBJ0.3%
• Best BuyBBY0.3%
• PPLPPL0.3%
• MSCIMSCI0.3%
• AESAES0.3%
• KKRKKR0.3%
• Armstrong World IndustriesAWI0.3%
• First American FinancialFAF0.3%
• Pinnacle Financial PartnersPNFP0.3%
• UMB FinancialUMBF0.3%
• NokiaNOK0.3%
• BKVBKV0.3%
• Take-two Interactive SoftwareTTWO0.3%
• Xcel EnergyXEL0.3%
• Consolidated EdisonED0.3%
• PopularBPOP0.3%
• Barrick MiningB0.3%
• ArcelorMittalMT0.3%
• Canadian National RailwayCNI0.3%
• CytokineticsCYTK0.3%
• SharkninjaSN0.3%
• Celldex TherapeuticsCLDX0.3%
• Citizens Financial GroupCFG0.3%
• Western DigitalWDC0.2%
• American Homes 4 RentAMH0.2%
• Dollar GeneralDG0.2%
• Q32 BioQTTB0.2%
• TopBuildBLD0.2%
• Hilton Grand VacationsHGV0.2%
• J.b. Hunt Transport ServicesJBHT0.2%
• Home DepotHD0.2%