VAN ECK Associates portfolio

What changed this quarter

1362 positions with a change (93 new, 568 added to, 534 trimmed, 167 sold); also, 13 entered through an IPO, 8 exited through an acquisition or merger, 3 entered through a spin-off. 8 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• NVIDIA+35%more sharesIncreased
  7.4% → 9.2%
• Lam Research+412%more sharesIncreased
  0.3% → 2.9%
• Micron Technology−25%fewer sharesReduced
  1.6% → 3.4%
• Intel−26%fewer sharesReduced
  1.6% → 2.9%
• Advanced Micro Devices−21%fewer sharesReduced
  1.8% → 3.4%
• Kinross Gold−48%fewer sharesReduced
  2.4% → 0.8%
• Asml Holding+32%more sharesIncreased
  1.9% → 3.0%
• Taiwan Semiconductor Manufacturing−11%fewer sharesReduced
  4.9% → 5.0%

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

• NVIDIANVDA9.2%
• Taiwan Semiconductor ManufacturingTSM5.0%
• BroadcomAVGO3.4%
• Applied MaterialsAMAT3.4%
• Micron TechnologyMU3.4%
• Advanced Micro DevicesAMD3.4%
• ASML HoldingASML3.0%
• IntelINTC2.9%
• Lam ResearchLRCX2.9%
• KLAKLAC2.9%
• Marvell TechnologyMRVL2.4%
• Texas InstrumentsTXN2.2%
• Analog DevicesADI2.0%
• QualcommQCOM1.9%
• Agnico Eagle MinesAEM1.9%
• NewmontNEM1.8%
• Barrick MiningB1.3%
• Cadence Design SystemsCDNS1.1%
• Wheaton Precious MetalsWPM1.0%
• SynopsysSNPS0.9%
• Franco NevadaFNV0.9%
• AngloGold AshantiAU0.9%
• Kinross GoldKGC0.8%
• TeradyneTER0.8%
• NXP SemiconductorsNXPI0.7%
• Gold FieldsGFI0.7%
• Coeur MiningCDE0.7%
• Astera LabsALAB0.7%
• Alamos GoldAGI0.7%
• STMicroelectronicsSTM0.6%
• Monolithic Power SystemsMPWR0.6%
• ARM HoldingsARM0.6%
• Pan American SilverPAAS0.5%
• Equinox GoldEQX0.5%
• CamecoCCJ0.5%
• Microchip TechnologyMCHP0.5%
• RTXRTX0.4%
• First Majestic SilverAG0.4%
• IamgoldIAG0.4%
• MicrosoftMSFT0.4%
• Hecla MiningHL0.4%
• Bristol-myers SquibbBMY0.4%
• Royal GoldRGLD0.4%
• Palantir TechnologiesPLTR0.4%
• Eldorado GoldEGO0.4%
• ON SemiconductorON0.3%
• PepsicoPEP0.3%
• SLBSLB0.3%
• Harmony Gold MiningHMY0.3%
• Curtiss-wrightCW0.3%
• OceanaGoldOGC0.3%
• Verizon CommunicationsVZ0.3%
• Meta PlatformsMETA0.3%
• Elbit SystemsESLT0.3%
• OkloOKLO0.3%
• Eli LillyLLY0.3%
• PfizerPFE0.2%
• MascoMAS0.2%
• NexGen EnergyNXE0.2%
• SSR MiningSSRM0.2%
• Palo Alto NetworksPANW0.2%
• OR RoyaltiesOR0.2%
• Compania De Minas BuenaventuBVN0.2%
• B2goldBTG0.2%
• Constellation EnergyCEG0.2%
• Planet Labs PBCPL0.2%
• AirbnbABNB0.2%
• KenvueKVUE0.2%
• Brown FormanBF/B0.2%
• Charles SchwabSCHW0.2%
• Public Service Enterprise GroupPEG0.2%
• Veeva SystemsVEEV0.2%
• DanaherDHR0.2%
• Uranium EnergyUEC0.2%
• AppleAAPL0.2%
• DatadogDDOG0.2%
• FortinetFTNT0.2%
• ZoetisZTS0.2%
• BWX TechnologiesBWXT0.2%
• Zimmer Biomet HoldingsZBH0.2%
• Constellation BrandsSTZ0.2%
• Mondelez InternationalMDLZ0.2%
• LPL Financial HoldingsLPLA0.2%
• Nuscale PowerSMR0.2%
• AlbemarleALB0.2%
• TotalEnergiesTTE0.2%
• Huntington Ingalls IndustriesHII0.2%
• GE Healthcare TechnologiesGEHC0.2%
• Otis WorldwideOTIS0.2%
• CloroxCLX0.2%
• Energy FuelsUUUU0.2%
• Estée LauderEL0.2%
• Centrus EnergyLEU0.2%
• Tyler TechnologiesTYL0.2%
• Baker HughesBKR0.2%
• Denison MinesDNN0.2%
• Fair IsaacFICO0.2%
• Amazon.comAMZN0.2%
• NikeNKE0.2%
• Broadridge Financial SolutionsBR0.2%