Henshaw Capital portfolio

What changed this quarter

73 positions with a change (2 new, 7 added to, 9 trimmed, 55 sold). 4 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Vanguard Ftse Developed ETF+5.0 ppof portfolioNew
  — → 5.0%
• Asml Holding+3,573%more sharesIncreased
  0.1% → 2.1%
• Amazon.com+76%more sharesIncreased
  2.5% → 4.4%
• Global X Defense Tech ETF−51%fewer sharesReduced
  1.5% → 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

• NVIDIANVDA7.2%
• AppleAAPL6.5%
• AlphabetGOOGL · GOOG5.9%
• Vanguard Ftse Developed ETFVEA5.0%
• Amazon.comAMZN4.4%
• Eli LillyLLY4.2%
• JPMorgan ChaseJPM3.4%
• MicrosoftMSFT2.9%
• Palo Alto NetworksPANW2.9%
• Applied MaterialsAMAT2.7%
• IsharesEUSA2.7%
• Meta PlatformsMETA2.6%
• GE AerospaceGE2.4%
• BlackRockBLK2.2%
• ASML HoldingASML2.1%
• Vanguard Russell 2000 ETFVTWO2.0%
• Marvell TechnologyMRVL2.0%
• WalmartWMT1.9%
• GE VernovaGEV1.8%
• Exxon MobilXOM1.8%
• Thermo Fisher ScientificTMO1.7%
• Automatic Data ProcessingADP1.6%
• SalesforceCRM1.5%
• Vanguard International Equity Index FVEU1.5%
• State Str Spdr S&P Midcap 40MDY1.5%
• Union PacificUNP1.4%
• OracleORCL1.3%
• Marriott InternationalMAR1.2%
• Cisco SystemsCSCO1.2%
• AflacAFL1.1%
• CaterpillarCAT1.1%
• Home DepotHD1.1%
• Marathon PetroleumMPC1.0%
• American ExpressAXP0.9%
• ShellSHEL0.9%
• Coca-ColaKO0.9%
• Vertiv HoldingsVRT0.8%
• State Str Spdr S&P 500 ETF TSPY0.8%
• Berkshire HathawayBRK/B0.8%
• VisaV0.8%
• Cadence Design SystemsCDNS0.7%
• DoverDOV0.7%
• Global X Defense Tech ETFSHLD0.7%
• CitigroupC0.7%
• BoeingBA0.7%
• General DynamicsGD0.6%
• FedExFDX0.6%
• McDONALD’SMCD0.6%
• StarbucksSBUX0.6%
• PepsicoPEP0.5%
• Mondelez InternationalMDLZ0.4%
• Emerson ElectricEMR0.4%
• Honeywell InternationalHON0.3%
• iShares Biotechnology ETFIBB0.3%
• Vanguard International Equity Index FVWO0.3%
• Invesco Exchange Traded Fund TSPHQ0.3%
• Honeywell AerospaceHONA0.2%
• Taiwan Semiconductor ManufacturingTSM0.1%
• TrimbleTRMB0.1%
• ASE Technology HoldingASX0.1%
• iShares Msci USA Quality FAC ETFQUAL0.1%
• Verizon CommunicationsVZ0.1%
• FedEx Freight HoldingFDXF0.1%
• NovartisNVS0.1%
• NXP SemiconductorsNXPI0.1%
• SAPSAPunder 0.1%
• Solstice Advanced MaterialsSOLSunder 0.1%
• Grupo CibestCIBunder 0.1%
• HSBC HoldingsHSBCunder 0.1%
• UBS GroupUBSunder 0.1%
• ArgenxARGXunder 0.1%
• Beone MedicinesONCunder 0.1%
• Mitsubishi UFJ Financial GroupMUFGunder 0.1%
• IconICLRunder 0.1%
• InterContinental Hotels GroupIHGunder 0.1%
• Costco WholesaleCOSTunder 0.1%
• AstrazenecaAZNunder 0.1%
• Canadian National RailwayCNIunder 0.1%
• Brookfield Asset ManagementBAMunder 0.1%
• Equinor ASAEQNRunder 0.1%
• RELXRELXunder 0.1%
• Deutsche Bank AktiengesellschaftDBunder 0.1%
• Sony GroupSONYunder 0.1%
• ShopifySHOPunder 0.1%
• GarminGRMNunder 0.1%
• AonAONunder 0.1%
• CAECAEunder 0.1%
• CarnivalCCLunder 0.1%
• Petrobras - Petroleo BrasileiroPBRunder 0.1%
• Toyota Motor Corp/TMunder 0.1%
• Sociedad Quimica Y Minera DeSQMunder 0.1%
• ING GroepINGunder 0.1%
• Icici BankIBNunder 0.1%
• RIO TintoRIOunder 0.1%
• AmbevABEVunder 0.1%
• Spotify TechnologySPOTunder 0.1%
• Yum China HoldingsYUMCunder 0.1%
• Everest GroupEGunder 0.1%
• Check Point Software TechnologiesCHKPunder 0.1%