DaveManuel.com · Institutional Ownership · 13F Holdings
CUTLER INVESTMENT COUNSEL LLC
Reported holdings as of Q3 2026, from 32 quarterly filings.
Holdings
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| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| VANGUARD INDEX FDS | VO | $52.5M | 669,481 | +0.01pp | 32q | +2.3%+$1.2M | |
| ISHARES TR | IEFA | $49.0M | 506,028 | +0.12pp | 32q | +1.7%+$823.1K | |
| ISHARES TR | IGSB | $46.3M | 902,882 | +0.03pp | 32q | +2.4%+$1.1M | |
| SPDR INDEX SHS FDS | SPEM | $42.7M | 825,163 | +0.11pp | 32q | +2.1%+$866.8K | |
| J P MORGAN EXCHANGE TRADED F | JIRE | $40.9M | 497,617 | +0.14pp | 9q | +3.6%+$1.4M | |
| ISHARES TR | IUSG | $36.9M | 190,280 | +0.14pp | 15q | HELD | |
| MICROSOFT CORP | MSFT | $34.0M | 66,277 | +0.86pp | 32q | -1.5%-$504.7K | |
| VANGUARD INDEX FDS | VUG | $32.6M | 362,036 | +0.21pp | 32q | +1.8%+$573.2K | |
| ISHARES TR | IJR | $29.2M | 214,647 | -0.14pp | 26q | +3.0%+$863.4K | |
| SPDR SERIES TRUST | SPAB | $29.0M | 1,190,047 | -0.04pp | 13q | +2.5%+$713.3K | |
| ISHARES TR | TLH | $24.9M | 270,322 | - | new | NEW | |
| CATERPILLAR INC | CAT | $24.7M | 30,506 | -0.76pp | 32q | -1.4%-$339.7K | |
| WALMART INC | WMT | $23.8M | 228,648 | -0.06pp | 32q | +5.3%+$1.2M | |
| DEERE CO | DE | $21.4M | 31,770 | +0.09pp | 32q | -1.7%-$364.9K | |
| RTX CORPORATION | RTX | $21.2M | 114,191 | -0.05pp | 26q | -0.9%-$191.6K | |
| EXXONMOBIL HOLDINGS CORP | XOM | $19.3M | 118,801 | - | new | NEW | |
| BLACKROCK INC | BLK | $18.4M | 17,342 | +0.15pp | 8q | -1.1%-$200.0K | |
| CHARLES SCHWAB CORP (THE) | SCHW | $18.0M | 184,503 | +0.09pp | 25q | -1.2%-$227.3K | |
| REPUBLIC SVCS INC | RSG | $16.1M | 76,642 | -0.03pp | 32q | -1.1%-$182.6K | |
| TEXAS INSTRS INC | TXN | $15.8M | 56,421 | -0.09pp | 32q | HELD | |
| SPDR SERIES TRUST | SPYM | $15.5M | 172,632 | +0.17pp | 9q | +9.7%+$1.4M | |
| JPMORGAN CHASE & CO | JPM | $15.0M | 45,479 | +0.02pp | 26q | HELD | |
| NEXTERA ENERGY INC | NEE | $13.9M | 184,010 | -0.21pp | 32q | -0.7%-$104.9K | |
| JOHNSON & JOHNSON | JNJ | $13.2M | 49,681 | +0.05pp | 32q | -0.7%-$96.6K | |
| HOME DEPOT INC | HD | $12.8M | 45,163 | -0.31pp | 32q | -1.9%-$244.7K | |
| MERCK & CO INC | MRK | $12.8M | 87,332 | +0.14pp | 32q | HELD | |
| CVS HEALTH CORP | CVS | $12.6M | 146,921 | -0.27pp | 14q | -2.0%-$255.4K | |
| CHEVRON CORPORATION | CVX | $12.3M | 60,137 | +0.13pp | 32q | -8.9%-$1.2M | |
| INVESCO EXCHANGE TRADED FD T | RPG | $11.7M | 200,962 | -0.12pp | 32q | -1.8%-$217.6K | |
| MCDONALDS CORP | MCD | $11.4M | 49,159 | -0.21pp | 32q | -2.5%-$288.7K | |
| VERIZON COMMUNICATIONS INC | VZ | $10.6M | 230,978 | +0.07pp | 32q | -1.2%-$124.4K | |
| VANGUARD INTL EQUITY INDEX F | VSS | $10.3M | 66,623 | +0.05pp | 9q | +4.1%+$410.6K | |
| ISHARES TR | IVV | $10.2M | 13,377 | -0.03pp | 29q | -6.0%-$656.3K | |
| KROGER CO | KR | $10.1M | 171,956 | +0.04pp | 32q | -1.6%-$168.2K | |
| PHILLIPS 66 | PSX | $9.9M | 38,835 | +0.31pp | 3q | -1.1%-$114.1K | |
| MEDTRONIC PLC | MDT | $9.8M | 112,178 | +0.07pp | 32q | -2.1%-$206.8K | |
| PNC FINL SVCS GROUP INC | PNC | $9.7M | 43,533 | -0.10pp | 32q | -1.1%-$106.2K | |
| ISHARES TR | REET | $9.3M | 361,133 | -0.01pp | 11q | +5.0%+$439.5K | |
| INTERNATIONAL BUSINESS MACHS | IBM | $9.2M | 41,797 | -0.25pp | 23q | -1.4%-$133.1K | |
| VANECK ETF TRUST | EMLC | $8.6M | 346,356 | -0.01pp | 32q | +1.5%+$124.0K | |
| APPLE INC | AAPL | $8.5M | 25,560 | +0.15pp | 32q | +6.2%+$494.5K | |
| PROCTER & GAMBLE CO | PG | $8.4M | 58,120 | -0.02pp | 32q | -1.8%-$152.4K | |
| M & T BK CORP | MTB | $8.3M | 38,084 | -0.08pp | 32q | -1.7%-$143.2K | |
| CISCO SYS INC | CSCO | $8.0M | 74,303 | -0.09pp | 32q | -3.3%-$270.5K | |
| VANGUARD BD INDEX FDS | BIV | $7.9M | 109,076 | +0.01pp | 24q | +6.1%+$457.9K | |
| CARRIER GLOBAL CORPORATION | CARR | $7.8M | 143,017 | -0.26pp | 26q | -1.6%-$125.3K | |
| VANGUARD INDEX FDS | VTV | $7.5M | 34,594 | flat | 32q | HELD | |
| VANGUARD TAX-MANAGED FDS | VEA | $7.4M | 104,878 | -0.02pp | 19q | -2.5%-$189.0K | |
| BECTON DICKINSON CO | BDX | $7.1M | 39,792 | +0.10pp | 32q | -1.9%-$137.7K | |
| VANGUARD INDEX FDS | VTI | $7.1M | 18,907 | +0.02pp | 19q | +0.6%+$43.4K | |
| SCHWAB STRATEGIC TR | SCHA | $7.0M | 214,222 | -0.08pp | 20q | -2.2%-$155.7K | |
| PEPSICO INC | PEP | $7.0M | 55,108 | -0.06pp | 32q | -2.9%-$210.0K | |
| ISHARES TR | EFAV | $7.0M | 76,634 | flat | 32q | -4.5%-$330.8K | |
| QNITY ELECTRONICS INC | Q | $6.0M | 47,896 | -0.17pp | 4q | HELD | |
| SCHWAB STRATEGIC TR | SCHD | $5.3M | 163,973 | +0.02pp | 20q | HELD | |
| VANGUARD INTL EQUITY INDEX F | VWO | $4.7M | 79,165 | -0.01pp | 19q | -2.7%-$128.8K | |
| PFIZER INC | PFE | $4.5M | 159,355 | +0.06pp | 8q | -2.3%-$107.0K | |
| VANGUARD BD INDEX FDS | BND | $4.1M | 59,080 | -0.01pp | 21q | +2.4%+$95.9K | |
| QUALCOMM INC | QCOM | $4.1M | 22,250 | - | new | NEW | |
| INVESCO EXCH TRADED FD TR II | PDN | $4.1M | 88,965 | -0.02pp | 32q | -8.2%-$364.8K | |
| SCHWAB STRATEGIC TR | FNDX | $4.0M | 125,525 | +0.05pp | 4q | +11.9%+$420.1K | |
| DUPONT DE NEMOURS INC | DD | $3.8M | 29,242 | -0.03pp | 2q | -4.5%-$180.3K | |
| BERKSHIRE HATHAWAY INC DEL | BRKA | $3.7M | 5 | flat | 7q | HELD | |
| AMAZON COM INC | AMZN | $3.6M | 14,596 | +0.02pp | 21q | +0.9%+$32.9K | |
| VANGUARD INTL EQUITY INDEX F | VT | $3.5M | 22,226 | +0.01pp | 32q | +1.7%+$57.9K | |
| SCHWAB STRATEGIC TR | FNDC | $3.2M | 64,380 | flat | 19q | -2.8%-$90.9K | |
| PROSHARES TR | NOBL | $3.1M | 56,426 | -0.04pp | 19q | -8.2%-$271.0K | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $3.0M | 6,062 | flat | 24q | +0.7%+$20.4K | |
| S&P GLOBAL INC | SPGI | $3.0M | 7,529 | -0.01pp | 32q | -0.8%-$24.1K | |
| SCHWAB STRATEGIC TR | FNDF | $2.9M | 54,641 | -0.01pp | 19q | -5.8%-$182.1K | |
| SCHWAB STRATEGIC TR | FNDA | $2.8M | 80,482 | -0.02pp | 19q | -1.1%-$31.9K | |
| MISSION PRODUCE INC | AVO | $2.8M | 211,750 | +0.03pp | 22q | HELD | |
| VANGUARD INDEX FDS | VNQ | $2.7M | 30,058 | -0.05pp | 20q | -9.8%-$292.6K | |
| COSTCO WHOLESALE CORPORATION | COST | $2.7M | 2,929 | -0.01pp | 19q | HELD | |
| ALPHABET INC | GOOG | $2.4M | 6,985 | -0.02pp | 32q | -6.3%-$160.8K | |
| VANGUARD CHARLOTTE FDS | BNDX | $2.2M | 47,075 | +0.02pp | 16q | +15.6%+$297.7K | |
| SCHWAB STRATEGIC TR | SCHX | $2.2M | 72,049 | +0.01pp | 19q | HELD | |
| VANGUARD SPECIALIZED FUNDS | VIG | $2.0M | 8,377 | flat | 32q | HELD | |
| NVIDIA CORPORATION | NVDA | $1.9M | 8,207 | +0.02pp | 15q | +0.6%+$11.2K | |
| VANGUARD SCOTTSDALE FDS | VCSH | $1.8M | 23,057 | flat | 16q | +2.9%+$50.8K | |
| SCHWAB STRATEGIC TR | FNDE | $1.7M | 40,238 | +0.02pp | 19q | +4.0%+$64.6K | |
| STARBUCKS CORP | SBUX | $1.5M | 15,797 | -0.01pp | 28q | -1.0%-$14.6K | |
| STATE STR SPDR S&P 500 ETF T | SPY | $1.4M | 1,853 | flat | 25q | +0.8%+$10.7K | |
| DIMENSIONAL ETF TRUST | DFAX | $1.4M | 37,763 | flat | 2q | HELD | |
| ALPHABET INC | GOOGL | $1.4M | 4,005 | flat | 32q | +1.6%+$22.4K | |
| VANGUARD WORLD FD | VGT | $1.4M | 10,897 | +0.01pp | 12q | -1.4%-$18.9K | |
| WELLS FARGO & CO | WFC | $1.2M | 14,556 | +0.05pp | 19q | +76.6%+$505.5K | |
| TESLA INC | TSLA | $1.1M | 3,039 | -0.02pp | 19q | HELD | |
| IMMUNITYBIO INC | IBRX | $1.1M | 111,698 | +0.01pp | 3q | HELD | |
| INVESCO QQQ TR | QQQ | $1.0M | 1,403 | -0.03pp | 19q | -24.2%-$331.7K | |
| VANGUARD MUN BD FDS | VTEB | $1.0M | 21,144 | -0.01pp | 11q | HELD | |
| SCHWAB STRATEGIC TR | SCHZ | $800.3K | 36,210 | -0.01pp | 31q | -6.9%-$59.4K | |
| SPDR GOLD TR | GLD | $713.7K | 1,874 | flat | 32q | -5.7%-$43.4K | |
| AMGEN INC | AMGN | $704.3K | 1,671 | +0.01pp | 4q | HELD | |
| VANGUARD WHITEHALL FDS | VYM | $688.0K | 4,433 | flat | 19q | -0.7%-$4.8K | |
| CENCORA INC | COR | $677.4K | 2,256 | flat | 30q | HELD | |
| ABBVIE INC | ABBV | $661.6K | 2,529 | flat | 20q | +1.6%+$10.7K | |
| ISHARES TR | SCZ | $657.5K | 7,788 | flat | 16q | HELD | |
| NORFOLK SOUTHN CORP | NSC | $620.5K | 2,008 | flat | 12q | HELD | |
| ETFS GOLD TR | SGOL | $618.6K | 15,636 | flat | 19q | HELD | |
| BROADCOM INC | AVGO | $614.6K | 1,750 | flat | 6q | +1.6%+$9.5K | |
| LOWES COS INC | LOW | $557.2K | 3,024 | -0.01pp | 32q | HELD | |
| VANGUARD WORLD FD | VSGX | $556.0K | 6,858 | flat | 26q | -1.8%-$10.1K | |
| VANGUARD ADMIRAL FDS INC | VOOG | $552.9K | 6,468 | - | new | NEW | |
| EMERSON ELEC CO | EMR | $535.1K | 3,450 | flat | 32q | HELD | |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | $535.0K | 1,170 | flat | 5q | HELD | |
| ISHARES TR | IJH | $526.5K | 7,318 | -0.01pp | 25q | -13.5%-$82.0K | |
| ISHARES TR | EMB | $511.2K | 5,628 | flat | 14q | -3.0%-$15.7K | |
| ISHARES SILVER TR | SLV | $505.1K | 9,266 | flat | 19q | HELD | |
| SELECT SECTOR SPDR TR | XLU | $482.7K | 12,238 | -0.01pp | 19q | HELD | |
| VANGUARD WORLD FD | ESGV | $482.2K | 3,558 | flat | 7q | -6.9%-$35.5K | |
| SCHWAB STRATEGIC TR | SCHV | $480.6K | 14,429 | flat | 7q | -2.5%-$12.5K | |
| DIMENSIONAL ETF TRUST | DFAC | $469.4K | 10,559 | flat | 22q | -4.0%-$19.4K | |
| SPDR INDEX SHS FDS | SPDW | $460.8K | 9,178 | flat | 7q | HELD | |
| PUBLIC SVC ENTERPRISE GROUP | PEG | $455.8K | 6,768 | -0.01pp | 12q | HELD | |
| CUMMINS INC | CMI | $455.2K | 881 | -0.02pp | 12q | -3.3%-$15.5K | |
| SCHWAB STRATEGIC TR | SCHF | $451.4K | 16,431 | flat | 5q | HELD | |
| VANGUARD INDEX FDS | VXF | $437.6K | 1,889 | flat | 16q | HELD | |
| VANGUARD INDEX FDS | VBK | $429.7K | 1,272 | flat | 32q | HELD | |
| DIMENSIONAL ETF TRUST | DFAI | $425.8K | 10,278 | flat | 2q | HELD | |
| VANGUARD INDEX FDS | VB | $421.9K | 1,483 | flat | 5q | -2.3%-$10.0K | |
| VANGUARD INDEX FDS | VOO | $420.6K | 600 | flat | 11q | -5.8%-$25.9K | |
| VANGUARD INDEX FDS | VBR | $407.3K | 1,763 | flat | 32q | HELD | |
| VISA INC | V | $405.0K | 1,127 | flat | 19q | +2.5%+$10.1K | |
| META PLATFORMS INC | META | $384.4K | 530 | +0.01pp | 10q | +8.2%+$29.0K | |
| PIMCO ETF TR | MINT | $364.4K | 3,624 | flat | 26q | -1.0%-$3.8K | |
| ISHARES INC | ESGE | $360.0K | 6,647 | flat | 7q | -1.9%-$7.0K | |
| SPDR SERIES TRUST | SPYG | $346.5K | 2,815 | flat | 10q | +2.1%+$7.1K | |
| NETFLIX INC. | NFLX | $344.4K | 4,950 | flat | 8q | +3.8%+$12.5K | |
| ROYAL BK CDA | RY | $327.1K | 1,664 | flat | 12q | -5.5%-$18.9K | |
| ISHARES TR | AGG | $321.0K | 3,395 | flat | 8q | HELD | |
| GRANITE CONSTR INC | GVA | $319.1K | 2,750 | -0.01pp | 8q | HELD | |
| COCA COLA CO | KO | $312.3K | 3,606 | flat | 7q | +2.8%+$8.4K | |
| VANGUARD BD INDEX FDS | VUSB | $310.5K | 6,266 | flat | 20q | HELD | |
| BP PLC | BP | $303.9K | 6,908 | flat | 7q | HELD | |
| DFA INVT DIMENSIONS GROUP IN | DUHP | $294.8K | 7,033 | - | new | NEW | |
| INVESCO EXCH TRADED FD TR II | PXF | $281.7K | 3,695 | flat | 6q | HELD | |
| ISHARES INC | IEMG | $280.5K | 3,456 | flat | 6q | HELD | |
| SCHWAB STRATEGIC TR | SCHR | $277.8K | 11,722 | - | new | NEW | |
| ISHARES TR | IHI | $271.8K | 5,313 | flat | 19q | -10.4%-$31.6K | |
| ISHARES INC | EMXC | $254.6K | 2,570 | flat | 3q | HELD | |
| PHILIP MORRIS INTL INC | PM | $254.0K | 1,331 | flat | 2q | +8.0%+$18.9K | |
| ADVANCED MICRO DEVICES INC | AMD | $252.0K | 412 | flat | 2q | -17.4%-$53.2K | |
| VANGUARD ADMIRAL FDS INC | VOOV | $248.5K | 1,128 | - | new | NEW | |
| ISHARES TR | IJT | $240.8K | 1,502 | flat | 2q | HELD | |
| DIMENSIONAL ETF TRUST | DFUS | $238.4K | 2,871 | flat | 2q | HELD | |
| ISHARES TR | IWF | $231.5K | 1,848 | flat | 6q | HELD | |
| VANGUARD SCOTTSDALE FDS | VCIT | $230.5K | 2,943 | flat | 3q | +0.9%+$2.1K | |
| SPACE EXPLORATION TECHN CORP | SPCX | $222.8K | 1,477 | - | new | NEW | |
| CONOCOPHILLIPS | COP | $220.7K | 1,764 | - | new | NEW | |
| DIMENSIONAL ETF TRUST | DFSI | $219.7K | 4,864 | flat | 2q | HELD | |
| ISHARES TR | EAGG | $218.5K | 4,829 | flat | 2q | HELD | |
| SEAGATE TECHNOLOGY HLDNGS PL | STX | $207.7K | 225 | - | new | NEW | |
| GLOBAL X FDS | LIT | $203.3K | 2,972 | flat | 3q | HELD | |
| ISHARES BITCOIN TRUST ETF | IBIT | $203.3K | 4,294 | - | new | NEW | |
| VANGUARD INTL EQUITY INDEX F | VNQI | $200.6K | 4,718 | flat | 32q | -7.6%-$16.6K |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Retail & Consumer | $66.4M | 6.3% |
| Industrials | $54.4M | 5.2% |
| Energy | $42.1M | 4.0% |
| Capital Markets | $38.4M | 3.6% |
| Software & IT Services | $38.4M | 3.6% |
| Banks & Lending | $34.5M | 3.3% |
| Biotech & Pharma | $32.9M | 3.1% |
| Utilities | $30.5M | 2.9% |
| Semiconductors & Electronics | $29.7M | 2.8% |
| Computer Hardware | $25.9M | 2.5% |
| Autos & Aerospace | $22.3M | 2.1% |
| Medical Devices | $16.9M | 1.6% |
| Other sectors | $59.3M | 5.6% |
| Not classified | $563.6M | 53.4% |
What the disclosed book did
This is not the fund's return. A 13F shows long US equity positions only, so shorts, bonds, foreign listings, private holdings and cash are all invisible here. What this measures is the quarter's change in value of the positions this manager disclosed, had they been left untouched - the return a reader following the filing would have earned.
| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q3 2026 | -1.1% | +2.1% | -3.2% | 100% |
| Q2 2026 | +7.0% | +14.8% | -7.8% | 100% |
| Q1 2026 | +1.2% | -4.6% | +5.8% | 100% |
| Q4 2025 | +0.6% | +2.4% | -1.7% | 100% |
| Q3 2025 | +4.9% | +7.8% | -3.0% | 100% |
| Q2 2025 | +6.5% | +10.5% | -4.0% | 100% |
| Q1 2025 | +0.6% | -4.6% | +5.2% | 100% |
| Q4 2024 | -3.0% | +2.1% | -5.2% | 100% |
Market is SPY over the same two quarter ends, priced the same way as everything else here - the median across every filer reporting it. It is a large-cap US proxy, so a manager holding small caps or biotech will beat or trail it for reasons that are not skill. Prices are quarter-end to quarter-end and say nothing about the path in between, or about trades opened and closed inside a quarter.
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q3 2026 | $1.1B | 156 | 11 | 37 | 62 | 12 | 37.2% | 28 |
| Q2 2026 | $1.1B | 157 | 14 | 54 | 32 | 3 | 36.5% | 14 |
| Q1 2026 | $971.1M | 146 | 8 | 37 | 67 | 5 | 35.6% | 37 |
| Q4 2025 | $961.3M | 143 | 5 | 51 | 52 | 2 | 37.3% | 43 |
| Q3 2025 | $953.8M | 140 | 5 | 49 | 53 | 3 | 37.3% | 35 |
| Q2 2025 | $898.7M | 138 | 6 | 44 | 31 | 0 | 36.4% | 28 |
| Q1 2025 | $832.4M | 132 | 8 | 38 | 59 | 4 | 34.9% | 38 |
| Q4 2024 | $803.8M | 128 | 9 | 31 | 63 | 8 | 34.1% | 31 |
| Q3 2024 | $792.7M | 127 | 4 | 27 | 69 | 5 | 33.7% | 37 |
| Q2 2024 | $734.9M | 128 | 4 | 25 | 43 | 3 | 32.5% | 30 |
| Q1 2024 | $745.8M | 127 | 8 | 48 | 41 | 11 | 32.2% | 30 |
| Q4 2023 | $700.2M | 130 | 9 | 50 | 40 | 2 | 32.0% | 31 |
| Q3 2023 | $634.9M | 123 | 2 | 42 | 24 | 5 | 33.2% | 25 |
| Q2 2023 | $660.7M | 126 | 2 | 21 | 43 | 4 | 33.0% | 25 |
| Q1 2023 | $644.5M | 128 | 4 | 46 | 50 | 6 | 34.6% | 41 |
| Q4 2022 | $655.1M | 130 | 12 | 21 | 69 | 2 | 34.6% | 26 |
| Q3 2022 | $601.6M | 120 | 0 | 27 | 33 | 8 | 34.8% | 38 |
| Q2 2022 | $635.0M | 128 | 2 | 56 | 29 | 6 | 34.2% | 19 |
| Q1 2022 | $721.4M | 132 | 38 | 77 | 5 | 0 | 35.0% | 40 |
| Q4 2021 | $664.4M | 94 | 5 | 49 | 21 | 4 | 38.2% | 42 |
| Q3 2021 | $633.5M | 93 | 4 | 38 | 29 | 1 | 38.3% | 15 |
| Q2 2021 | $639.6M | 90 | 3 | 21 | 15 | 1 | 38.3% | 41 |
| Q1 2021 | $575.4M | 88 | 2 | 27 | 17 | 5 | 37.6% | 37 |
| Q4 2020 | $545.7M | 91 | 4 | 22 | 17 | 1 | 38.7% | 25 |
| Q3 2020 | $516.2M | 88 | 3 | 27 | 8 | 1 | 39.0% | 15 |
| Q2 2020 | $470.7M | 86 | 12 | 19 | 28 | 3 | 38.9% | 50 |
| Q1 2020 | $413.6M | 77 | 2 | 15 | 19 | 19 | 38.5% | 44 |
| Q4 2019 | $499.8M | 94 | 6 | 5 | 54 | 3 | 36.2% | 43 |
| Q3 2019 | $519.5M | 91 | 4 | 26 | 27 | 7 | 36.4% | 46 |
| Q2 2019 | $520.5M | 94 | 7 | 7 | 31 | 3 | 36.2% | 36 |
| Q1 2019 | $511.4M | 90 | 3 | 33 | 11 | 3 | 35.9% | 37 |
| Q4 2018 | $464.7M | 90 | 0 | 0 | 0 | 0 | 35.6% | 44 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.