Bahl & Gaynor portfolio

What changed this quarter

264 positions with a change (21 new, 74 added to, 162 trimmed, 7 sold); also, 1 exited through an acquisition or merger, 1 entered through a spin-off. 4 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Johnson & Johnson−28%fewer sharesReduced
  3.4% → 2.3%
• Apollo Global Management+72%more sharesIncreased
  0.8% → 1.4%
• UnitedHealth Group+34%more sharesIncreased
  1.2% → 2.2%
• Lockheed Martin−66%fewer sharesReduced
  1.1% → 0.3%

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

• BroadcomAVGO4.5%
• Eli LillyLLY3.6%
• MicrosoftMSFT3.1%
• Taiwan Semiconductor ManufacturingTSM3.1%
• AbbVieABBV3.0%
• JPMorgan ChaseJPM2.9%
• Williams CompaniesWMB2.3%
• Johnson & JohnsonJNJ2.3%
• Procter & GamblePG2.2%
• UnitedHealth GroupUNH2.2%
• PNC Financial Services GroupPNC2.1%
• Nextera EnergyNEE1.9%
• Home DepotHD1.9%
• Cisco SystemsCSCO1.9%
• Targa ResourcesTRGP1.7%
• ChevronCVX1.6%
• EatonETN1.4%
• Travelers CompaniesTRV1.4%
• Apollo Global ManagementAPO1.4%
• SempraSRE1.3%
• Texas InstrumentsTXN1.2%
• Victory Capital HoldingsVCTR1.2%
• Hartford Insurance GroupHIG1.1%
• Mondelez InternationalMDLZ1.1%
• TJXTJX1.1%
• Cincinnati FinancialCINF1.0%
• Darden RestaurantsDRI1.0%
• HubbellHUBB1.0%
• Western DigitalWDC0.9%
• General DynamicsGD0.9%
• Snap-onSNA0.9%
• TE ConnectivityTEL0.8%
• AlphabetGOOGL0.8%
• CumminsCMI0.8%
• AppleAAPL0.7%
• CorningGLW0.7%
• Analog DevicesADI0.7%
• Automatic Data ProcessingADP0.7%
• Reinsurance Group of AmericaRGA0.7%
• GarminGRMN0.7%
• KLAKLAC0.7%
• RTXRTX0.7%
• US Bancorp \de\USB0.7%
• WEC Energy GroupWEC0.7%
• Silicon Motion TechnologySIMO0.7%
• Illinois Tool WorksITW0.7%
• Motorola SolutionsMSI0.7%
• PPLPPL0.7%
• FastenalFAST0.7%
• CintasCTAS0.7%
• Coca-ColaKO0.7%
• AmphenolAPH0.7%
• McDONALD’SMCD0.7%
• Waste ManagementWM0.6%
• CME GroupCME0.6%
• EvercoreEVR0.6%
• Carrier GlobalCARR0.6%
• VICI PropertiesVICI0.6%
• LindeLIN0.6%
• Cboe Global MarketsCBOE0.6%
• RB GlobalRBA0.6%
• Dell TechnologiesDELL0.5%
• Exxon MobilXOM0.5%
• Parker-hannifinPH0.5%
• WatscoWSO0.5%
• Philip Morris InternationalPM0.5%
• Kinder MorganKMI0.5%
• MerckMRK0.4%
• DT MidstreamDTM0.4%
• Meta PlatformsMETA0.4%
• Gildan ActivewearGIL0.4%
• British American Tobacco p.l.c.BTI0.4%
• Air Products and ChemicalsAPD0.4%
• WalmartWMT0.4%
• PepsicoPEP0.4%
• CMS EnergyCMS0.4%
• Avalonbay CommunitiesAVB0.4%
• AccentureACN0.4%
• Phillips 66PSX0.4%
• TKO Group HoldingsTKO0.3%
• Encompass HealthEHC0.3%
• GE AerospaceGE0.3%
• NisourceNI0.3%
• American Healthcare REITAHR0.3%
• Packaging Corp of AmericaPKG0.3%
• VentasVTR0.3%
• AmgenAMGN0.3%
• Bank of AmericaBAC0.3%
• Texas RoadhouseTXRH0.3%
• Ryder SystemR0.3%
• First Financial BancorpFFBC0.3%
• Alliant EnergyLNT0.3%
• RPM InternationalRPM0.3%
• Lockheed MartinLMT0.3%
• Agree RealtyADC0.3%
• PrologisPLD0.3%
• U S Physical TherapyUSPH0.3%
• Union PacificUNP0.3%
• Abbott LaboratoriesABT0.3%
• OneokOKE0.3%