Acadian Asset Management portfolio

What changed this quarter

2130 positions with a change (301 new, 833 added to, 677 trimmed, 319 sold); also, 6 entered through an IPO, 15 exited through an acquisition or merger, 4 entered through a spin-off. 5 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Alphabet−26%fewer sharesReduced
  3.3% → 2.6%
• Amazon.com+38%more sharesIncreased
  1.8% → 2.4%
• Fortinet+211%more sharesIncreased
  0.2% → 0.8%
• Micron Technology−25%fewer sharesReduced
  0.7% → 1.6%
• Cisco Systems+157%more sharesIncreased
  0.3% → 0.8%

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

• AppleAAPL5.5%
• NVIDIANVDA4.6%
• AlphabetGOOGL · GOOG3.8%
• Amazon.comAMZN2.4%
• MicrosoftMSFT2.1%
• Bank of Nova ScotiaBNS1.9%
• Applied MaterialsAMAT1.7%
• Micron TechnologyMU1.6%
• Canadian Imperial Bank of CommerceCM1.3%
• Meta PlatformsMETA1.3%
• Costco WholesaleCOST1.3%
• BroadcomAVGO1.3%
• KLAKLAC1.2%
• ASML HoldingASML1.2%
• PepsicoPEP1.1%
• Lam ResearchLRCX1.1%
• BPBP1.0%
• CitigroupC1.0%
• Colgate-palmoliveCL1.0%
• AirbnbABNB1.0%
• JPMorgan ChaseJPM0.9%
• TJXTJX0.8%
• Cisco SystemsCSCO0.8%
• Telefonaktiebolaget LM EricsERIC0.8%
• FortinetFTNT0.8%
• Bristol-myers SquibbBMY0.8%
• Eli LillyLLY0.7%
• Berkshire HathawayBRK/B0.7%
• Logitech InternationalLOGI0.7%
• Toronto Dominion BankTD0.7%
• Advanced Micro DevicesAMD0.7%
• Booking HoldingsBKNG0.6%
• Suncor EnergySU0.6%
• AbbVieABBV0.6%
• MerckMRK0.6%
• UnitedHealth GroupUNH0.6%
• Check Point Software TechnologiesCHKP0.6%
• eBayEBAY0.5%
• Elevance HealthELV0.5%
• CenteneCNC0.5%
• Silicon Motion TechnologySIMO0.5%
• Seagate Technology HoldingsSTX0.5%
• Bank of AmericaBAC0.5%
• AstrazenecaAZN0.5%
• BarclaysBCS0.5%
• Ross StoresROST0.5%
• IntelINTC0.5%
• Royal Bank of CanadaRY0.5%
• TeslaTSLA0.5%
• Exxon MobilXOM0.5%
• Expedia GroupEXPE0.4%
• GSKGSK0.4%
• Johnson & JohnsonJNJ0.4%
• Zoom CommunicationsZM0.4%
• Western DigitalWDC0.4%
• Goldman Sachs GroupGS0.4%
• Arista NetworksANET0.4%
• Veeva SystemsVEEV0.4%
• Texas InstrumentsTXN0.4%
• Valero EnergyVLO0.4%
• SandiskSNDK0.4%
• Keysight TechnologiesKEYS0.3%
• Morgan StanleyMS0.3%
• NetflixNFLX0.3%
• TeradyneTER0.3%
• ChevronCVX0.3%
• MastercardMA0.3%
• CumminsCMI0.3%
• VICI PropertiesVICI0.3%
• iShares Msci Emerging Market ETFEEM0.3%
• Dell TechnologiesDELL0.3%
• PrologisPLD0.3%
• Fomento Economico Mexicano SFMX0.3%
• Bank of New York MellonBNY0.3%
• Coca-ColaKO0.3%
• Petrobras - Petroleo BrasileiroPBR0.3%
• ASE Technology HoldingASX0.3%
• HumanaHUM0.3%
• Bank of MontrealBMO0.3%
• ChemedCHE0.3%
• EquinixEQIX0.2%
• NucorNUE0.2%
• HCA HealthcareHCA0.2%
• Vipshop HoldingsVIPS0.2%
• EMCOR GroupEME0.2%
• GerdauGGB0.2%
• Cardinal HealthCAH0.2%
• IncyteINCY0.2%
• CredicorpBAP0.2%
• McKESSONMCK0.2%
• RokuROKU0.2%
• Citizens Financial GroupCFG0.2%
• Hudbay MineralsHBM0.2%
• Procter & GamblePG0.2%
• Motorola SolutionsMSI0.2%
• UBS GroupUBS0.2%
• GE AerospaceGE0.2%
• TE ConnectivityTEL0.2%
• CienaCIEN0.2%