Montag A & Associates portfolio

What changed this quarter

689 positions with a change (150 new, 235 added to, 250 trimmed, 54 sold); also, 1 entered through an IPO. 2 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• State Str Spdr S&P 500 ETF T−14%fewer sharesReduced
  5.5% → 4.9%
• STE Str SPDR PT S&P 500 ETF+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

• iShares Core S&P 500 ETFIVV8.0%
• State Str Spdr S&P 500 ETF TSPY4.9%
• AppleAAPL4.0%
• AlphabetGOOG · GOOGL3.9%
• MicrosoftMSFT2.9%
• State Str Spdr S&P Midcap 40MDY2.8%
• Amazon.comAMZN1.9%
• Invesco Exchange Traded Fund TRSP1.8%
• iShares Russell 1000 ETFIWB1.8%
• NVIDIANVDA1.6%
• Eli LillyLLY1.5%
• J P Morgan Exchange Traded FundJPST1.4%
• Coca-ColaKO1.3%
• Vanguard S&P 500 ETFVOO1.2%
• Vanguard Dividend Apprec ETFVIG1.1%
• VisaV1.1%
• iShares Core S&P Midcap ETFIJH1.1%
• JPMorgan ChaseJPM1.1%
• Taiwan Semiconductor ManufacturingTSM1.0%
• Johnson & JohnsonJNJ1.0%
• WalmartWMT1.0%
• iShares Russell 1000 Growth ETFIWF1.0%
• BroadcomAVGO1.0%
• Vanguard Index FundsVO1.0%
• Vanguard Most Sm-cap ETF-usd ETFVB0.9%
• Goldman Sachs GroupGS0.9%
• Vanguard Short-term Treasury ETFVGSH0.9%
• Berkshire HathawayBRK/B · BRK/A0.9%
• MerckMRK0.8%
• AbbVieABBV0.8%
• Home DepotHD0.8%
• State Street Technology Select Sector ETFXLK0.8%
• Applied MaterialsAMAT0.8%
• Analog DevicesADI0.8%
• iShares Russell 1000 Value E ETFIWD0.7%
• United RentalsURI0.7%
• iShares 1-3 Year Treasury BO ETFSHY0.7%
• Vanguard Intermediate-term T ETFVGIT0.7%
• Marriott InternationalMAR0.7%
• Parker-hannifinPH0.6%
• Costco WholesaleCOST0.6%
• STE Str SPDR PT S&P 500 ETFSPYM0.6%
• Cisco SystemsCSCO0.6%
• AmetekAME0.5%
• MastercardMA0.5%
• Vanguard S/t Corp Bond ETFVCSH0.5%
• PepsicoPEP0.5%
• State Street SPDR BB 1-3m T-bill ETFBIL0.5%
• Exxon MobilXOM0.5%
• Morgan StanleyMS0.5%
• State Street SPDR S&P Biotech ETFXBI0.5%
• TJXTJX0.4%
• Marvell TechnologyMRVL0.4%
• Procter & GamblePG0.4%
• iShares Core S&P Small-cap E ETFIJR0.4%
• StrykerSYK0.4%
• ChevronCVX0.4%
• Lam ResearchLRCX0.4%
• Vanguard Energy ETFVDE0.4%
• Vanguard Ftse Developed ETFVEA0.4%
• Micron TechnologyMU0.4%
• Advanced Micro DevicesAMD0.4%
• Genuine PartsGPC0.4%
• Abbott LaboratoriesABT0.3%
• Bank of AmericaBAC0.3%
• State Street Health Care Select Sector ETFXLV0.3%
• Invesco QQQ Trust Series 1 ETFQQQ0.3%
• CaterpillarCAT0.3%
• EMCOR GroupEME0.3%
• Intercontinental ExchangeICE0.3%
• ASML HoldingASML0.3%
• EquifaxEFX0.3%
• Thermo Fisher ScientificTMO0.3%
• SPDR Gold Shares ETFGLD0.3%
• State Str Spdr DOW Jones INDDIA0.3%
• Vanguard Int-term Corporate ETFVCIT0.3%
• AdobeADBE0.3%
• Vanguard Mrngstar GR ETF-sui ETFVUG0.3%
• RIO TintoRIO0.3%
• Edwards LifesciencesEW0.2%
• American ExpressAXP0.2%
• State Street SPDR S&P Regional Bank ETFKRE0.2%
• Nextera EnergyNEE0.2%
• McDONALD’SMCD0.2%
• Markel GroupMKL0.2%
• Emerson ElectricEMR0.2%
• Global X US Infrastructure ETFPAVE0.2%
• Vulcan MaterialsVMC0.2%
• Invesco Exchange Traded Fund TSPHQ0.2%
• Berkley W RWRB0.2%
• DanaherDHR0.2%
• CopartCPRT0.2%
• Intuitive SurgicalISRG0.2%
• Casey’s General StoresCASY0.2%
• PultegroupPHM0.2%
• IQVIA HoldingsIQV0.2%
• Arista NetworksANET0.2%
• Philip Morris InternationalPM0.2%