Lockheed Martin Investment Management portfolio

What changed this quarter

107 positions with a change (3 new, 2 added to, 70 trimmed, 32 sold). 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Alphabet−6.1 ppof portfolioReduced
  7.3% → 1.9%
• NVIDIA−79%fewer sharesReduced
  6.5% → 2.8%
• Apple−77%fewer sharesReduced
  6.1% → 2.8%
• Vanguard S&P 500 ETF+79%more sharesIncreased
  6.1% → 19.9%
• Microsoft−80%fewer sharesReduced
  3.7% → 1.8%
• Amazon.com−81%fewer sharesReduced
  4.1% → 1.5%
• Sandisk−2.4 ppof portfolioSold out
  2.4% → —
• Taiwan Semiconductor Manufacturing−2.2 ppof portfolioSold out
  2.2% → —
• Meta Platforms−83%fewer sharesReduced
  2.0% → 0.8%
• iShares Msci Eafe ETF+1.6 ppof portfolioNew
  — → 2.9%
• Johnson & Johnson−90%fewer sharesReduced
  1.7% → 0.3%
• Tesla−1.4 ppof portfolioSold out
  1.4% → —

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

• Vanguard S&P 500 ETFVOO19.9%
• IsharesIEMG8.0%
• Vanguard Ftse Developed ETFVEA6.3%
• Vanguard Admiral FundsIVOO4.5%
• iShares Core Msci Eafe ETFIEFA3.9%
• Vanguard Total Bond Market ETFBND3.7%
• iShares Core U.s. Aggregate ETFAGG3.5%
• iShares Msci Eafe ETFEFA2.9%
• AppleAAPL2.8%
• NVIDIANVDA2.8%
• Vanguard International Equity Index FVT2.4%
• Vanguard Long-term Treasury ETFVGLT2.3%
• iShares US Treasury Bond ETFGOVT1.9%
• AlphabetGOOGL1.9%
• MicrosoftMSFT1.8%
• Abrdn EtfsBCI1.6%
• Amazon.comAMZN1.5%
• JPMorgan ChaseJPM1.0%
• Texas InstrumentsTXN1.0%
• Exxon MobilXOM0.9%
• Coca-ColaKO0.8%
• BroadcomAVGO0.8%
• iShares S&P 100 ETFOEF0.8%
• Vanguard Russell 2000 ETFVTWO0.8%
• Meta PlatformsMETA0.8%
• Xanadu Quantum TechnologiesXNDU0.8%
• Eli LillyLLY0.7%
• RTXRTX0.7%
• Union PacificUNP0.7%
• Bank of AmericaBAC0.7%
• CME GroupCME0.7%
• Cisco SystemsCSCO0.7%
• Invesco Optimum Yield Divers ETFPDBC0.6%
• Home DepotHD0.6%
• SalesforceCRM0.6%
• IsharesEWC0.6%
• Invesco DB Commdy Indx TrckDBC0.6%
• Procter & GamblePG0.5%
• ChubbCB0.5%
• AbbVieABBV0.5%
• Advanced Micro DevicesAMD0.5%
• Thermo Fisher ScientificTMO0.5%
• ChevronCVX0.5%
• PepsicoPEP0.4%
• Hartford Insurance GroupHIG0.4%
• Marriott InternationalMAR0.4%
• DanaherDHR0.4%
• Duke EnergyDUK0.4%
• Vanguard Long-term Corp Bond ETFVCLT0.4%
• Illinois Tool WorksITW0.4%
• VisaV0.4%
• SouthernSO0.4%
• Edwards LifesciencesEW0.3%
• Northrop GrummanNOC0.3%
• Chipotle Mexican GrillCMG0.3%
• MastercardMA0.3%
• Johnson & JohnsonJNJ0.3%
• Intuitive SurgicalISRG0.3%
• Invesco Exchange Traded Fund TRSP0.3%
• US Bancorp \de\USB0.3%
• UnitedHealth GroupUNH0.2%
• International Business MachinesIBM0.2%
• WalmartWMT0.2%
• BHP GroupBHP0.2%
• Walt DisneyDIS0.2%
• NetflixNFLX0.2%
• PrologisPLD0.2%
• RIO TintoRIO0.2%
• American TowerAMT0.2%
• Boston ScientificBSX0.2%
• Lloyds Banking GroupLYG0.2%
• Toyota Motor Corp/TM0.2%
• SLBSLB0.2%
• Digital Realty TrustDLR0.2%
• SAPSAP0.1%
• Mitsubishi UFJ Financial GroupMUFG0.1%
• Sumitomo Mitsui Financial GroupSMFG0.1%
• Banco SantanderSAN0.1%
• ASML HoldingASML0.1%
• LindeLIN0.1%
• Crown CastleCCI0.1%
• Regeneron PharmaceuticalsREGN0.1%
• OracleORCL0.1%
• Nextera EnergyNEE0.1%
• ComcastCMCSA0.1%
• HalliburtonHAL0.1%
• Novo Nordisk A/sNVO0.1%
• ShellSHEL0.1%