Mirae Asset Securities (usa) portfolio

What changed this quarter

86 positions with a change (23 new, 18 added to, 7 trimmed, 38 sold); also, 2 entered through an IPO. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• State Str Spdr S&P 500 ETF T−34%fewer sharesReduced
  28.2% → 18.6%
• State Street SPDR S&P OG EXP & Prod ETF+5.1 ppof portfolioNew
  — → 5.1%
• Invesco QQQ Trust Series 1 ETF−20%fewer sharesReduced
  13.2% → 10.5%
• Microsoft−80%fewer sharesReduced
  2.1% → 0.6%
• Vaneck ETF Trust−50%fewer sharesReduced
  4.4% → 2.0%
• Alphabet+1.8 ppof portfolioIncreased
  3.7% → 5.3%
• Meta Platforms+100%more sharesIncreased
  1.3% → 3.2%
• Tesla+199%more sharesIncreased
  0.9% → 2.3%
• Vaneck ETF Trust+398%more sharesIncreased
  0.3% → 1.9%
• State Street Health Care Select Sector ETF+1.5 ppof portfolioNew
  — → 1.5%
• State Street Industrial Select Sector ETF+57%more sharesIncreased
  2.9% → 4.1%
• State Street SPDR S&P Biotech ETF+151%more sharesIncreased
  0.7% → 1.7%

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

• State Str Spdr S&P 500 ETF TSPY18.6%
• Invesco QQQ Trust Series 1 ETFQQQ10.5%
• iShares Russell 2000 ETFIWM9.6%
• AlphabetGOOGL · GOOG5.3%
• State Street SPDR S&P OG EXP & Prod ETFXOP5.1%
• State Street SPDR S&P Retail ETFXRT4.7%
• State Street Industrial Select Sector ETFXLI4.1%
• Meta PlatformsMETA3.2%
• NVIDIANVDA2.8%
• State Street SPDR S&P Homebldrs ETFXHB2.5%
• IsharesEWY2.4%
• TeslaTSLA2.3%
• State Str Spdr S&P Midcap 40MDY2.2%
• Vaneck ETF TrustSMH2.0%
• Vaneck ETF TrustGDX1.9%
• Palantir TechnologiesPLTR1.9%
• State Street SPDR S&P Biotech ETFXBI1.7%
• State Street Health Care Select Sector ETFXLV1.5%
• QualcommQCOM1.3%
• Select Sector Spdr TrXLP1.2%
• OracleORCL0.9%
• ChevronCVX0.9%
• State Street Technology Select Sector ETFXLK0.9%
• SPDR Gold Shares ETFGLD0.8%
• Advanced Micro DevicesAMD0.8%
• Travelers CompaniesTRV0.8%
• Lam ResearchLRCX0.7%
• American ExpressAXP0.7%
• United STS Oil FundUSO0.6%
• Home DepotHD0.6%
• iShares China Large-cap ETFFXI0.6%
• Johnson & JohnsonJNJ0.6%
• MicrosoftMSFT0.6%
• Amazon.comAMZN0.5%
• Berkshire HathawayBRK/B0.5%
• PepsicoPEP0.5%
• NetflixNFLX0.5%
• WalmartWMT0.5%
• BroadcomAVGO0.4%
• T-mobile USTMUS0.4%
• PayPal HoldingsPYPL0.3%
• ConocoPhillipsCOP0.3%
• Bitmine Immersion TechnologiesBMNR0.2%
• EQTEQT0.2%
• IsharesEWZ0.2%
• Dollar GeneralDG0.1%
• OvintivOVV0.1%
• CalumetCLMT0.1%
• Investment Managers SER Tr I0.1%
• Northern Oil and GasNOG0.1%
• Philip Morris InternationalPM0.1%
• iShares US Real Estate ETFIYR0.1%
• Graniteshares 2xlong AMD ETFAMDL0.1%
• ETF SER SolutionsJETS0.1%
• Investment Managers SER Tr ICBRXunder 0.1%
• Investment Managers SER TrCEGXunder 0.1%
• Investment Managers SER Tr ICOHXunder 0.1%
• Investment Managers SER Tr IWULXunder 0.1%
• Graniteshares ETF Trunder 0.1%