RNC Capital Management portfolio

What changed this quarter

96 positions with a change (10 new, 24 added to, 61 trimmed, 1 sold); also, 1 exited through an acquisition or merger, 1 entered through a spin-off. 7 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Devon Energy+2.7 ppof portfolioNew
  — → 2.7%
• Cisco Systems−28%fewer sharesReduced
  3.4% → 3.5%
• Accenture+154%more sharesIncreased
  1.5% → 2.2%
• Corning−58%fewer sharesReduced
  1.3% → 1.0%
• Medtronic+67%more sharesIncreased
  1.4% → 2.0%
• Johnson & Johnson−27%fewer sharesReduced
  2.8% → 2.0%
• Comcast+41%more sharesIncreased
  2.2% → 2.5%

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

• Northern TrustNTRS3.9%
• Cisco SystemsCSCO3.5%
• JPMorgan ChaseJPM3.5%
• M&t BankMTB3.4%
• CVS HealthCVS3.3%
• EnbridgeENB3.1%
• Altria GroupMO3.1%
• MerckMRK2.7%
• Devon EnergyDVN2.7%
• ChevronCVX2.6%
• Emerson ElectricEMR2.6%
• ComcastCMCSA2.5%
• United Parcel ServiceUPS2.5%
• AbbVieABBV2.5%
• PepsicoPEP2.4%
• Microchip TechnologyMCHP2.4%
• EvergyEVRG2.4%
• Capital One FinancialCOF2.2%
• AccentureACN2.2%
• SempraSRE2.2%
• Phillips 66PSX2.2%
• BlackRockBLK2.2%
• At&tT2.2%
• Air Products and ChemicalsAPD2.1%
• Johnson & JohnsonJNJ2.0%
• BroadcomAVGO2.0%
• MedtronicMDT2.0%
• Gilead SciencesGILD1.9%
• Lockheed MartinLMT1.8%
• CRH publicCRH1.6%
• Home DepotHD1.6%
• AlphabetGOOG · GOOGL1.6%
• Bristol-myers SquibbBMY1.5%
• NVIDIANVDA1.5%
• AppleAAPL1.5%
• MicrosoftMSFT1.1%
• Taiwan Semiconductor ManufacturingTSM1.0%
• CorningGLW1.0%
• LKQLKQ0.9%
• Amazon.comAMZN0.7%
• Eli LillyLLY0.7%
• EatonETN0.6%
• Exxon MobilXOM0.5%
• QualcommQCOM0.5%
• UnitedHealth GroupUNH0.4%
• Meta PlatformsMETA0.4%
• Expedia GroupEXPE0.4%
• Advanced Micro DevicesAMD0.3%
• Thermo Fisher ScientificTMO0.3%
• Morgan StanleyMS0.3%
• Wells FargoWFC0.3%
• AstrazenecaAZN0.3%
• SalesforceCRM0.2%
• Applied MaterialsAMAT0.2%
• VisaV0.2%
• Duke EnergyDUK0.2%
• Charles SchwabSCHW0.2%
• Royal Bank of CanadaRY0.2%
• Travelers CompaniesTRV0.2%
• IdexIEX0.2%
• Bank of AmericaBAC0.2%
• CaterpillarCAT0.2%
• Renaissancere HoldingsRNR0.2%
• Lowe'sLOW0.1%
• TeslaTSLA0.1%
• International Business MachinesIBM0.1%
• Western DigitalWDC0.1%
• Costco WholesaleCOST0.1%
• Mondelez InternationalMDLZ0.1%
• OracleORCL0.1%
• SandiskSNDK0.1%
• Philip Morris InternationalPM0.1%
• SLBSLB0.1%
• Texas InstrumentsTXN0.1%
• Walt DisneyDIS0.1%
• Qnity ElectronicsQ0.1%
• StarbucksSBUX0.1%
• MetLifeMET0.1%
• Kinder MorganKMI0.1%
• MoogMOG/A0.1%
• Constellation BrandsSTZ0.1%
• RTXRTX0.1%
• Goldman Sachs GroupGS0.1%
• UBER TechnologiesUBER0.1%
• Abbott LaboratoriesABT0.1%
• Dupont De NemoursDD0.1%
• Micron TechnologyMU0.1%
• Honeywell InternationalHON0.1%
• Honeywell AerospaceHONA0.1%
• StrykerSYK0.1%
• TargetTGT0.1%
• FedExFDX0.1%
• NXP SemiconductorsNXPI0.1%
• Crane NXTCXT0.1%
• Williams CompaniesWMBunder 0.1%
• ProgressivePGRunder 0.1%
• AptivAPTVunder 0.1%
• Pembina PipelinePBAunder 0.1%
• McCORMICKMKCunder 0.1%