Altfest L J portfolio

What changed this quarter

264 positions with a change (49 new, 80 added to, 88 trimmed, 47 sold); also, 3 entered through an IPO. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• State Street SPDR BB 1-3m T-bill ETF−55%fewer sharesReduced
  2.7% → 1.2%
• State Street SPDR Prtfo Nasdaq 100 ETF−1.2 ppof portfolioSold out
  1.2% → —
• Angel OAK Income ETF+1.2 ppof portfolioNew
  — → 1.3%
• Vanguard Short-term Tips ETF+26%more sharesIncreased
  4.2% → 5.3%
• Angel OAK Mortg-bcked SE ETF−97%fewer sharesReduced
  1.0% → under 0.1%
• Tidal Trust III+0.9 ppof portfolioNew
  — → 0.9%
• Ishares+3,492%more sharesIncreased
  under 0.1% → 0.9%
• Goldman Sachs Access Treasur ETF−36%fewer sharesReduced
  2.1% → 1.4%
• State Street Energy Select Sector ETF+2,718%more sharesIncreased
  under 0.1% → 0.8%
• ProShares Short High Yield ETF+0.7 ppof portfolioNew
  — → 0.7%
• Microsoft+60%more sharesIncreased
  0.8% → 1.7%
• Direxion Shares ETF Trust+0.6 ppof portfolioNew
  — → 0.6%

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

• Invesco Nasdaq 100 ETFQQQM5.8%
• Vanguard Short-term Tips ETFVTIP5.3%
• Matthews Asia Innovators ACT ETFMINV4.1%
• iShares 0-5 Year Tips Bond E ETFSTIP4.1%
• First Trust North American E ETFEMLP3.9%
• RBB FundUTEN3.4%
• AppleAAPL3.4%
• Schwab U.s. Tips ETFSCHP2.9%
• Vanguard Health Care ETFVHT2.5%
• State Street SPDR P Mort Back Bond ETFSPMB1.9%
• USA Rare EarthUSAR1.8%
• Pimco 15+ Yr US Tips Indx ETFLTPZ1.8%
• MicrosoftMSFT1.7%
• Invesco Exchange Traded Fund TXLG1.7%
• Amazon.comAMZN1.6%
• Fidelity Msci Health Care ETFFHLC1.4%
• Goldman Sachs Access Treasur ETFGBIL1.4%
• Global X US Infrastructure ETFPAVE1.3%
• Eli LillyLLY1.3%
• Angel OAK Income ETFCARY1.3%
• Simplify Exchange Traded FUNTUA1.2%
• State Street SPDR BB 1-3m T-bill ETFBIL1.2%
• AlphabetGOOG · GOOGL1.1%
• State Street SPDR S&P Semiconductor ETFXSD1.0%
• NVIDIANVDA1.0%
• Tidal Trust IIIAIS0.9%
• Matth CH Innovators Activ-ui ETFMCHS0.9%
• State Street SPDR S&P Regional Bank ETFKRE0.9%
• Direxion Shares ETF Trust0.9%
• IsharesEWT0.9%
• One Liberty PropertiesOLP0.8%
• State Street Energy Select Sector ETFXLE0.8%
• State Street SPDR S&P Biotech ETFXBI0.8%
• ProShares Short High Yield ETFSJB0.7%
• Cambria Global Value ETFGVAL0.7%
• Taiwan Semiconductor ManufacturingTSM0.7%
• iShares Latin America 40 ETFILF0.6%
• AbbVieABBV0.6%
• JPMorgan ChaseJPM0.6%
• Schwab US Broad Market ETFSCHB0.6%
• Direxion Shares ETF TrustEDZ0.6%
• iShares U.s. Medical Devices ETFIHI0.6%
• iShares New York Muni Bond E ETFNYF0.5%
• Select Sector Spdr TrXLP0.5%
• Pacer Data & Infrastructure ETFSRVR0.5%
• State Str Spdr S&P 500 ETF TSPY0.5%
• iShares Msci Japan Value ETFEWJV0.5%
• Thermo Fisher ScientificTMO0.5%
• Meta PlatformsMETA0.4%
• Exxon MobilXOM0.4%
• Vaneck ETF TrustSMH0.4%
• Schwab International Equity ETFSCHF0.4%
• iShares Msci India ETFINDA0.4%
• Invesco QQQ Trust Series 1 ETFQQQ0.4%
• Tema ETF TrustDISK0.4%
• SPDR Gold Shares ETFGLD0.4%
• Fidelity Value Factor ETFFVAL0.4%
• Johnson & JohnsonJNJ0.4%
• ASML HoldingASML0.4%
• SK hynixSKHY0.4%
• Valero EnergyVLO0.3%
• Micron TechnologyMU0.3%
• Berkshire HathawayBRK/B0.3%
• iShares ESG Msci KLD 400 ETFDSI0.3%
• GE VernovaGEV0.3%
• State Street SPDR P S&P 500 Growth ETFSPYG0.3%
• AXON EnterpriseAXON0.3%
• Bitwise Hyperliquid ETFBHYP0.3%
• MerckMRK0.3%
• State Street SPDR N ICE St Muni ETFSHM0.3%
• Walt DisneyDIS0.2%
• S&P GlobalSPGI0.2%
• Cisco SystemsCSCO0.2%
• Hewlett Packard EnterpriseHPE0.2%
• Innovator U.s. Equity Power ETFPSEP0.2%
• Microchip TechnologyMCHP0.2%
• Marvell TechnologyMRVL0.2%
• Vaneck ETF TrustBBH0.2%
• State Street SPDR P Tips ETFSPIP0.2%
• CSXCSX0.2%
• Pimco Multisector Bond Actv ETFPYLD0.2%
• Pimco Enhanced Short Maturit ETFMINT0.2%
• WalmartWMT0.2%
• IntelINTC0.2%
• Bloom EnergyBE0.2%
• AstrazenecaAZN0.2%
• Bristol-myers SquibbBMY0.2%
• Vanguard Utilities ETFVPU0.2%
• Schwab US Large-cap Value ETFSCHV0.2%
• Dell TechnologiesDELL0.2%
• iShares Core Msci Eafe ETFIEFA0.2%
• Vanguard Communication Servi ETFVOX0.2%
• First Tr Exchng Traded Fund VIDEED0.2%
• AmgenAMGN0.2%
• Vanguard Index FundsVTI0.2%
• Flexshares TrNFRA0.2%
• iShares Core S&P 500 ETFIVV0.2%
• State Street SPDR DOW Jones ETFRWO0.2%
• Lumentum HoldingsLITE0.2%