DF Dent portfolio

What changed this quarter

179 positions with a change (16 new, 52 added to, 103 trimmed, 8 sold); also, 1 entered through a spin-off. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Bio-techne−50%fewer sharesReduced
  2.0% → 1.4%
• Datadog+1.2 ppof portfolioNew
  — → 1.2%
• Taiwan Semiconductor Manufacturing+10,902%more sharesIncreased
  under 0.1% → 1.0%
• Old Dominion Freight Line−0.6 ppof portfolioSold out
  0.6% → —
• Medline+0.6 ppof portfolioNew
  — → 0.6%
• West Pharmaceutical Services−96%fewer sharesReduced
  0.6% → under 0.1%
• Kinsale Capital Group−35%fewer sharesReduced
  1.6% → 1.0%
• Tyler Technologies−58%fewer sharesReduced
  1.1% → 0.4%
• Manhattan Associates−51%fewer sharesReduced
  1.0% → 0.5%
• Stryker+250%more sharesIncreased
  0.2% → 0.7%
• Alphabet−10%fewer sharesReduced
  4.2% → 4.6%
• Meta Platforms+1,254%more sharesIncreased
  under 0.1% → 0.6%

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

• AlphabetGOOG · GOOGL4.8%
• VisaV3.6%
• HeicoHEI/A3.4%
• Amazon.comAMZN3.1%
• TransDigm GroupTDG2.8%
• Vulcan MaterialsVMC2.7%
• EcolabECL2.5%
• Waste ConnectionsWCN2.4%
• MastercardMA2.4%
• FastenalFAST2.3%
• Moody'sMCO2.3%
• Perimeter SolutionsPRM2.2%
• ASML HoldingASML2.0%
• Monolithic Power SystemsMPWR1.9%
• Intuitive SurgicalISRG1.9%
• Cadence Design SystemsCDNS1.8%
• MicrosoftMSFT1.8%
• Guidewire SoftwareGWRE1.7%
• CBRE GroupCBRE1.5%
• Bio-techneTECH1.4%
• DanaherDHR1.3%
• BroadcomAVGO1.2%
• Motorola SolutionsMSI1.2%
• DatadogDDOG1.2%
• Veeva SystemsVEEV1.1%
• MSCIMSCI1.1%
• AppleAAPL1.1%
• NovantaNOVT1.0%
• Kinsale Capital GroupKNSL1.0%
• AppFolioAPPF1.0%
• Medpace HoldingsMEDP1.0%
• Taiwan Semiconductor ManufacturingTSM1.0%
• RepligenRGEN0.9%
• Markel GroupMKL0.9%
• LandBridgeLB0.9%
• Floor & Decor HoldingsFND0.8%
• Casella Waste SystemsCWST0.8%
• O Reilly AutomotiveORLY0.8%
• S&P GlobalSPGI0.8%
• AmphenolAPH0.8%
• UBER TechnologiesUBER0.7%
• StrykerSYK0.7%
• Hayward HoldingsHAYW0.7%
• Goosehead InsuranceGSHD0.7%
• Hamilton LaneHLNE0.7%
• CoStar GroupCSGP0.7%
• CrowdStrike HoldingsCRWD0.7%
• VeraltoVLTO0.7%
• RBC BearingsRBC0.7%
• ONTO InnovationONTO0.7%
• NetflixNFLX0.7%
• QualcommQCOM0.6%
• MedlineMDLN0.6%
• Applied Industrial TechnologiesAIT0.6%
• Meta PlatformsMETA0.6%
• Federal SignalFSS0.5%
• Mettler-Toledo InternationalMTD0.5%
• CSW IndustrialsCSW0.5%
• Procore TechnologiesPCOR0.5%
• Manhattan AssociatesMANH0.5%
• CopartCPRT0.5%
• SiteOne Landscape SupplySITE0.5%
• PDF SolutionsPDFS0.5%
• EntegrisENTG0.5%
• Johnson & JohnsonJNJ0.4%
• Core & MainCNM0.4%
• Thermo Fisher ScientificTMO0.4%
• HealthequityHQY0.4%
• Esco TechnologiesESE0.4%
• Badger MeterBMI0.4%
• InsuletPODD0.4%
• Idexx LaboratoriesIDXX0.4%
• Tyler TechnologiesTYL0.4%
• Warby ParkerWRBY0.4%
• AgilysysAGYS0.4%
• SaiaSAIA0.4%
• Sherwin-williamsSHW0.3%
• Procter & GamblePG0.3%
• VSEVSEC0.3%
• MorningstarMORN0.3%
• PTCPTC0.3%
• Lemaitre VascularLMAT0.3%
• KadantKAI0.3%
• Verisk AnalyticsVRSK0.3%
• WingstopWING0.3%
• Simpson ManufacturingSSD0.3%
• Mercury SystemsMRCY0.3%
• ServiceNowNOW0.3%
• Brown & BrownBRO0.3%
• RambusRMBS0.3%
• Costco WholesaleCOST0.3%
• Douglas DynamicsPLOW0.3%
• Descartes Systems GroupDSGX0.2%
• Microchip TechnologyMCHP0.2%
• ShopifySHOP0.2%
• Booz Allen Hamilton HoldingBAH0.2%
• Roper TechnologiesROP0.2%
• American TowerAMT0.2%
• Ensign GroupENSG0.2%