DaveManuel.com · Institutional Ownership · 13F Holdings
LaFleur & Godfrey LLC
Reported holdings as of Q3 2026, from 32 quarterly filings.
Holdings
Download these holdings as CSV
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| APPLE INC | AAPL | $65.0M | 195,091 | +0.85pp | 32q | -3.7%-$2.5M | |
| MICROSOFT CORP | MSFT | $42.9M | 83,569 | +1.44pp | 32q | HELD | |
| JPMORGAN CHASE & CO | JPM | $38.8M | 117,236 | -0.11pp | 32q | -4.6%-$1.9M | |
| JOHNSON & JOHNSON | JNJ | $32.3M | 122,035 | +0.08pp | 32q | -3.3%-$1.1M | |
| CATERPILLAR INC | CAT | $30.2M | 37,296 | -1.47pp | 25q | -7.6%-$2.5M | |
| ISHARES TR | FLOT | $25.0M | 489,894 | +0.07pp | 32q | +1.1%+$272.7K | |
| PALANTIR TECHNOLOGIES INC | PLTR | $23.8M | 127,243 | +1.16pp | 15q | +3.6%+$830.7K | |
| RTX CORPORATION | RTX | $23.1M | 124,331 | -0.20pp | 26q | -5.8%-$1.4M | |
| STRYKER CORPORATION | SYK | $22.8M | 82,899 | -0.09pp | 32q | +9.4%+$2.0M | |
| BROADCOM INC | AVGO | $21.5M | 61,158 | -0.49pp | 9q | -10.6%-$2.5M | |
| THERMO FISHER SCIENTIFIC INC | TMO | $19.8M | 29,272 | +0.58pp | 32q | -2.7%-$546.1K | |
| ECOLAB INC | ECL | $19.2M | 69,893 | -0.06pp | 32q | -2.5%-$483.8K | |
| ABBVIE INC | ABBV | $18.2M | 69,574 | flat | 32q | -4.8%-$927.3K | |
| WOODWARD INC | WWD | $17.8M | 54,079 | -0.70pp | 32q | -3.7%-$683.1K | |
| AMAZON COM INC | AMZN | $17.4M | 69,750 | +0.15pp | 25q | +1.6%+$280.0K | |
| CONSTELLATION ENERGY CORP | CEG | $16.4M | 64,702 | +0.07pp | 8q | HELD | |
| VULCAN MATLS CO | VMC | $14.0M | 57,310 | -0.28pp | 32q | +2.4%+$328.5K | |
| SPACE EXPLORATION TECHN CORP | SPCX | $13.2M | 87,488 | - | new | NEW | |
| CHEVRON CORPORATION | CVX | $13.1M | 63,982 | +0.29pp | 32q | -1.7%-$223.8K | |
| AMERICAN EXPRESS CO | AXP | $13.0M | 42,680 | -0.15pp | 22q | HELD | |
| INTUITIVE SURGICAL INC | ISRG | $12.3M | 30,193 | +1.44pp | 32q | +3785.8%+$12.0M | |
| AMPHENOL CORP | APH | $12.2M | 145,092 | -0.09pp | 14q | -2.7%-$336.5K | |
| MERCK & CO INC | MRK | $11.8M | 81,223 | +0.11pp | 32q | -5.0%-$618.0K | |
| PAYCHEX INC | PAYX | $11.7M | 118,946 | +0.03pp | 32q | +0.6%+$66.1K | |
| GE VERNOVA INC | GEV | $11.7M | 12,322 | -0.63pp | 7q | -15.5%-$2.2M | |
| WATSCO INC | WSO | $11.7M | 38,504 | -0.41pp | 32q | +5.3%+$590.5K | |
| SALESFORCE INC | CRM | $11.6M | 50,613 | +0.54pp | 2q | +10.5%+$1.1M | |
| NEXTERA ENERGY INC | NEE | $11.0M | 145,707 | -0.20pp | 17q | HELD | |
| ALCON AG | ALC | $10.9M | 168,018 | -0.09pp | 30q | -4.4%-$502.1K | |
| CURTISS WRIGHT CORP | CW | $10.0M | 18,404 | -0.52pp | 9q | -3.9%-$405.1K | |
| NETFLIX INC. | NFLX | $8.6M | 123,067 | -0.67pp | 4q | -38.7%-$5.4M | |
| ALPHABET INC | GOOG | $8.4M | 24,741 | -0.06pp | 22q | -2.9%-$248.7K | |
| CHURCH & DWIGHT CO INC | CHD | $7.8M | 83,045 | -0.03pp | 32q | -1.6%-$126.5K | |
| ALPHABET INC | GOOGL | $7.7M | 22,290 | +0.01pp | 22q | +3.9%+$284.9K | |
| CISCO SYS INC | CSCO | $7.6M | 70,327 | -0.11pp | 32q | -3.8%-$298.8K | |
| HONEYWELL INTL INC | HON | $7.4M | 35,231 | +0.24pp | 2q | +42.4%+$2.2M | |
| PROCTER & GAMBLE CO | PG | $7.4M | 50,995 | +0.01pp | 32q | +1.2%+$90.1K | |
| ABBOTT LABORATORIES | ABT | $6.5M | 66,136 | -0.05pp | 22q | -14.3%-$1.1M | |
| BLACKSTONE SECD LENDING FD | BXSL | $6.5M | 271,827 | flat | 9q | -2.2%-$146.2K | |
| CHARLES SCHWAB CORP (THE) | SCHW | $6.2M | 63,855 | +0.03pp | 14q | -3.5%-$223.2K | |
| EXXONMOBIL HOLDINGS CORP | XOM | $6.2M | 38,182 | - | new | NEW | |
| APPLIED MATLS INC | AMAT | $5.9M | 11,596 | -0.40pp | 22q | -10.5%-$694.5K | |
| WALMART INC | WMT | $5.8M | 55,354 | -0.06pp | 22q | -1.0%-$57.5K | |
| COSTCO WHOLESALE CORPORATION | COST | $5.7M | 6,231 | +0.64pp | 19q | +1588.6%+$5.3M | |
| PEPSICO INC | PEP | $5.6M | 44,390 | -0.04pp | 32q | -1.0%-$55.2K | |
| STERIS PLC | STE | $5.5M | 26,338 | -0.09pp | 27q | -12.5%-$787.1K | |
| INTERNATIONAL BUSINESS MACHS | IBM | $5.4M | 24,764 | -0.66pp | 22q | -37.2%-$3.2M | |
| TRUIST FINL CORP | TFC | $4.9M | 106,203 | -0.09pp | 28q | -7.1%-$378.2K | |
| COPART INC | CPRT | $4.7M | 173,511 | -0.03pp | 32q | -3.3%-$163.0K | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $4.7M | 9,433 | +0.03pp | 23q | +5.8%+$257.9K | |
| IDEXX LABS INC | IDXX | $4.0M | 7,733 | -0.03pp | 32q | -6.1%-$261.6K | |
| AMGEN INC | AMGN | $4.0M | 9,395 | +0.07pp | 25q | -0.5%-$20.7K | |
| L3HARRIS TECHNOLOGIES INC | LHX | $3.5M | 14,745 | -0.11pp | 22q | -3.9%-$142.1K | |
| AIR PRODUCTS AND CHEMICALS I | APD | $3.4M | 12,246 | -0.02pp | 22q | HELD | |
| ISHARES TR | IGSB | $3.3M | 64,580 | -0.02pp | 32q | -4.7%-$164.4K | |
| MEDTRONIC PLC | MDT | $3.3M | 38,246 | flat | 32q | -11.1%-$412.6K | |
| HERSHEY CO | HSY | $3.2M | 20,088 | -0.05pp | 10q | -1.8%-$59.1K | |
| AUTOMATIC DATA PROCESSING IN | ADP | $3.0M | 11,709 | +0.05pp | 22q | -0.7%-$22.2K | |
| ONEOK INC NEW | OKE | $3.0M | 35,159 | - | new | NEW | |
| VERIZON COMMUNICATIONS INC | VZ | $3.0M | 64,478 | +0.03pp | 25q | HELD | |
| HOME DEPOT INC | HD | $2.5M | 8,813 | -0.08pp | 25q | -2.1%-$52.6K | |
| DANAHER CORP DEL | DHR | $2.3M | 10,268 | -0.03pp | 32q | -23.7%-$707.2K | |
| BRISTOL-MYERS SQUIBB CO | BMY | $2.3M | 36,188 | +0.02pp | 25q | -1.2%-$28.5K | |
| WASTE MGMT INC DEL | WM | $2.3M | 11,071 | -0.02pp | 12q | +0.7%+$15.3K | |
| VANGUARD INDEX FDS | VUG | $2.2M | 24,663 | +0.03pp | 12q | +4.9%+$103.5K | |
| MCDONALDS CORP | MCD | $2.1M | 8,889 | -0.05pp | 22q | -2.7%-$56.6K | |
| EVERGY INC | EVRG | $2.0M | 25,667 | -0.02pp | 16q | HELD | |
| COCA COLA CO | KO | $2.0M | 23,005 | +0.01pp | 25q | -2.1%-$43.0K | |
| TE CONNECTIVITY PLC | TEL | $1.9M | 8,878 | -0.01pp | 2q | -8.6%-$176.7K | |
| STATE STR CORP | STT | $1.8M | 10,515 | flat | 5q | -2.3%-$43.6K | |
| MERCANTILE BK CORP | MBWM | $1.7M | 29,302 | flat | 30q | -4.2%-$75.4K | |
| STARBUCKS CORP | SBUX | $1.7M | 18,141 | -0.03pp | 7q | -7.1%-$131.0K | |
| ILLINOIS TOOL WKS INC | ITW | $1.7M | 6,553 | -0.01pp | 22q | HELD | |
| MARVELL TECHNOLOGY INC | MRVL | $1.5M | 5,716 | -0.05pp | 22q | -14.3%-$252.3K | |
| STATE STR SPDR S&P 500 ETF T | SPY | $1.4M | 1,842 | flat | 22q | -3.2%-$45.8K | |
| BLACKROCK INC | BLK | $1.4M | 1,286 | +0.02pp | 8q | HELD | |
| FIRST SOLAR INC | FSLR | $1.3M | 7,689 | -0.05pp | 25q | HELD | |
| VANGUARD INDEX FDS | VTV | $1.3M | 5,797 | +0.01pp | 12q | +5.6%+$67.0K | |
| WATERS CORP | WAT | $1.2M | 2,764 | +0.02pp | 22q | -5.6%-$72.5K | |
| GENTEX CORP | GNTX | $1.2M | 54,816 | -0.03pp | 32q | -6.9%-$88.4K | |
| ISHARES TR | IMCG | $1.2M | 12,664 | flat | 12q | +5.6%+$63.4K | |
| ULTA BEAUTY INC | ULTA | $1.2M | 2,117 | +0.02pp | 9q | -6.0%-$74.3K | |
| EOG RES INC | EOG | $1.1M | 8,005 | +0.01pp | 16q | HELD | |
| SELECT SECTOR SPDR TR | XLK | $1.0M | 5,275 | flat | 19q | HELD | |
| MICRON TECHNOLOGY INC | MU | $1.0M | 964 | -0.01pp | 4q | HELD | |
| ISHARES TR | IMCV | $990.8K | 10,799 | +0.01pp | 12q | +4.4%+$42.1K | |
| UNITED PARCEL SVCS INC | UPS | $931.6K | 9,970 | -0.01pp | 9q | +3.5%+$31.2K | |
| ACCENTURE PLC IRELAND | ACN | $909.3K | 4,959 | +0.05pp | 14q | +19.1%+$146.1K | |
| VANGUARD WHITEHALL FDS | VYM | $904.2K | 5,826 | flat | 13q | +1.2%+$10.4K | |
| INTEL CORP | INTC | $883.6K | 7,349 | -0.02pp | 5q | -0.8%-$7.3K | |
| ADOBE INC | ADBE | $843.1K | 3,514 | flat | 7q | -16.4%-$165.1K | |
| COLUMBIA ETF TR II | XCEM | $838.9K | 16,317 | flat | 11q | +5.2%+$41.7K | |
| ROPER TECHNOLOGIES INC | ROP | $821.5K | 2,351 | -0.01pp | 32q | -9.3%-$83.9K | |
| J P MORGAN EXCHANGE TRADED F | JPIE | $811.8K | 18,084 | flat | 11q | -2.6%-$21.8K | |
| NVIDIA CORPORATION | NVDA | $766.7K | 3,357 | +0.01pp | 11q | -2.3%-$17.8K | |
| FIFTH THIRD BANCORP | FITB | $659.1K | 13,031 | -0.04pp | 24q | -26.4%-$236.5K | |
| SOUTHERN CO | SO | $612.1K | 7,384 | -0.01pp | 22q | HELD | |
| SYSCO CORP | SYY | $595.6K | 7,640 | -0.01pp | 26q | -5.1%-$31.8K | |
| ISHARES TR | IVW | $569.8K | 4,005 | flat | 13q | HELD | |
| ISHARES TR | SUB | $542.0K | 5,185 | flat | 12q | HELD | |
| ISHARES TR | STIP | $528.6K | 5,302 | flat | 32q | -1.2%-$6.5K | |
| TESLA INC | TSLA | $513.1K | 1,446 | - | new | NEW | |
| VANGUARD SCOTTSDALE FDS | VCSH | $495.9K | 6,420 | flat | 25q | HELD | |
| GENERAL DYNAMICS CORP | GD | $489.4K | 1,475 | flat | 12q | +2.1%+$10.0K | |
| COLGATE PALMOLIVE CO | CL | $450.8K | 5,284 | flat | 21q | +4.0%+$17.3K | |
| SPDR SERIES TRUST | SPHY | $426.4K | 18,877 | flat | 10q | +1.2%+$5.2K | |
| VERTEX PHARMACEUTICALS INC | VRTX | $409.9K | 784 | flat | 4q | +2.0%+$7.8K | |
| VANGUARD INDEX FDS | VBK | $396.3K | 1,173 | flat | 9q | +6.1%+$22.6K | |
| NIKE INC | NKE | $395.0K | 11,157 | -0.01pp | 22q | -1.8%-$7.1K | |
| KADANT INC | KAI | $389.7K | 1,490 | -0.04pp | 16q | -37.3%-$232.2K | |
| SCHWAB STRATEGIC TR | SCHG | $383.6K | 10,675 | flat | 15q | -5.5%-$22.3K | |
| ISHARES TR | IVV | $379.1K | 495 | +0.01pp | 22q | +36.7%+$101.9K | |
| NOVARTIS AG | NVS | $372.0K | 2,609 | -0.01pp | 32q | -14.7%-$64.0K | |
| ISHARES TR | IJT | $368.8K | 2,300 | flat | 13q | HELD | |
| VANGUARD BD INDEX FDS | BIV | $364.5K | 5,003 | -0.01pp | 10q | -8.4%-$33.2K | |
| ISHARES TR | IJH | $361.9K | 5,030 | - | new | NEW | |
| ISHARES TR | IWD | $359.3K | 1,449 | flat | 19q | -2.4%-$8.7K | |
| ZSCALER INC | ZS | $356.4K | 1,787 | +0.01pp | 24q | -5.3%-$19.9K | |
| SPDR GOLD TR | GLD | $354.2K | 930 | flat | 12q | HELD | |
| ISHARES TR | IVE | $336.7K | 1,475 | flat | 10q | HELD | |
| ZOETIS INC | ZTS | $333.6K | 4,778 | -0.02pp | 13q | -36.2%-$189.3K | |
| ISHARES TR | IHI | $325.4K | 6,361 | flat | 9q | +4.1%+$12.7K | |
| DISNEY WALT CO | DIS | $322.0K | 3,070 | flat | 32q | HELD | |
| ISHARES TR | IWF | $321.3K | 2,565 | flat | 12q | -1.5%-$5.0K | |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | $314.3K | 689 | flat | 6q | HELD | |
| QUALCOMM INC | QCOM | $304.8K | 1,656 | flat | 18q | +3.6%+$10.7K | |
| MANULIFE FINL CORP | MFC | $302.6K | 7,106 | flat | 4q | HELD | |
| MURPHY USA INC | MUSA | $302.4K | 600 | flat | 13q | HELD | |
| UNION PAC CORP | UNP | $285.5K | 1,049 | flat | 16q | +1.0%+$2.7K | |
| ISHARES TR | IFRA | $281.9K | 5,122 | -0.01pp | 5q | -1.9%-$5.6K | |
| KIMBERLY CLARK CORP | KMB | $274.8K | 2,820 | -0.01pp | 22q | -22.0%-$77.5K | |
| VANGUARD INDEX FDS | VTI | $269.7K | 721 | -0.01pp | 2q | -22.1%-$76.7K | |
| UBER TECHNOLOGIES INC | UBER | $261.0K | 3,810 | flat | 2q | +14.9%+$33.8K | |
| ISHARES TR | IJK | $250.7K | 2,287 | flat | 10q | HELD | |
| HORIZON TECHNOLOGY FIN CORP | HRZN | $248.4K | 54,114 | -0.03pp | 2q | -52.7%-$277.3K | |
| CROWDSTRIKE HLDGS INC | CRWD | $244.6K | 924 | - | new | NEW | |
| VANECK ETF TRUST | GDX | $237.4K | 2,704 | flat | 10q | -4.3%-$10.7K | |
| PRICE T ROWE GROUP INC | TROW | $235.9K | 2,267 | flat | 21q | +4.0%+$9.2K | |
| THE TRADE DESK INC | TTD | $202.3K | 16,621 | -0.22pp | 6q | -85.1%-$1.2M | |
| ENTERGY CORP NEW | ETR | $201.1K | 2,026 | flat | 8q | HELD | |
| VANGUARD MUN BD FDS | VTEB | $200.6K | 4,235 | - | new | NEW | |
| HUNTINGTON BANCSHARES INC | HBAN | $193.2K | 12,660 | flat | 22q | -2.1%-$4.1K | |
| MARA HOLDINGS INC | MARA | $189.8K | 16,750 | flat | 2q | HELD | |
| TRANSOCEAN LTD | RIG | $64.5K | 12,300 | flat | 16q | HELD |
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 |
|---|---|---|
| Software & IT Services | $112.2M | 13.5% |
| Biotech & Pharma | $81.4M | 9.8% |
| Computer Hardware | $78.0M | 9.4% |
| Semiconductors & Electronics | $75.3M | 9.0% |
| Banks & Lending | $61.3M | 7.4% |
| Medical Devices | $54.8M | 6.6% |
| Industrials | $42.6M | 5.1% |
| Retail & Consumer | $41.3M | 5.0% |
| Chemicals | $38.7M | 4.6% |
| Autos & Aerospace | $36.2M | 4.4% |
| Utilities | $32.6M | 3.9% |
| Energy | $23.4M | 2.8% |
| Other sectors | $109.1M | 13.1% |
| Not classified | $45.0M | 5.4% |
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 | -0.7% | +2.1% | -2.8% | 100% |
| Q2 2026 | +7.1% | +14.8% | -7.7% | 100% |
| Q1 2026 | -1.9% | -4.6% | +2.7% | 100% |
| Q4 2025 | +2.3% | +2.4% | -0.1% | 100% |
| Q3 2025 | +6.7% | +7.8% | -1.1% | 100% |
| Q2 2025 | +8.0% | +10.5% | -2.4% | 100% |
| Q1 2025 | -0.2% | -4.6% | +4.4% | 100% |
| Q4 2024 | +1.2% | +2.1% | -0.9% | 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 | $831.8M | 144 | 7 | 34 | 75 | 12 | 39.1% | 27 |
| Q2 2026 | $842.1M | 149 | 13 | 44 | 70 | 5 | 39.0% | 15 |
| Q1 2026 | $803.2M | 141 | 2 | 42 | 68 | 6 | 37.6% | 34 |
| Q4 2025 | $825.8M | 145 | 8 | 43 | 67 | 5 | 37.9% | 34 |
| Q3 2025 | $824.7M | 142 | 3 | 37 | 76 | 7 | 37.7% | 41 |
| Q2 2025 | $800.7M | 146 | 5 | 33 | 71 | 4 | 36.5% | 14 |
| Q1 2025 | $737.1M | 145 | 4 | 49 | 47 | 9 | 36.0% | 23 |
| Q4 2024 | $729.5M | 150 | 8 | 48 | 54 | 5 | 37.8% | 37 |
| Q3 2024 | $725.2M | 147 | 12 | 30 | 65 | 1 | 37.7% | 16 |
| Q2 2024 | $681.5M | 136 | 7 | 40 | 56 | 5 | 37.6% | 23 |
| Q1 2024 | $675.5M | 134 | 3 | 34 | 71 | 5 | 37.3% | 23 |
| Q4 2023 | $670.7M | 136 | 18 | 37 | 59 | 8 | 37.8% | 18 |
| Q3 2023 | $624.6M | 126 | 7 | 28 | 60 | 10 | 38.3% | 18 |
| Q2 2023 | $667.6M | 129 | 8 | 52 | 39 | 5 | 38.9% | 20 |
| Q1 2023 | $610.2M | 126 | 3 | 26 | 66 | 2 | 38.7% | 18 |
| Q4 2022 | $599.6M | 125 | 9 | 33 | 61 | 3 | 36.7% | 12 |
| Q3 2022 | $560.9M | 119 | 7 | 22 | 67 | 13 | 38.1% | 17 |
| Q2 2022 | $631.8M | 125 | 4 | 34 | 59 | 11 | 37.2% | 26 |
| Q1 2022 | $744.4M | 132 | 10 | 40 | 44 | 5 | 37.0% | 33 |
| Q4 2021 | $779.9M | 127 | 4 | 30 | 64 | 3 | 37.6% | 26 |
| Q3 2021 | $724.1M | 126 | 11 | 55 | 32 | 3 | 36.5% | 32 |
| Q2 2021 | $698.8M | 118 | 33 | 45 | 31 | 5 | 35.6% | 19 |
| Q1 2021 | $513.8M | 90 | 5 | 39 | 32 | 8 | 37.5% | 30 |
| Q4 2020 | $488.5M | 93 | 7 | 25 | 51 | 6 | 38.3% | 26 |
| Q3 2020 | $443.2M | 92 | 29 | 14 | 39 | 2 | 39.6% | 35 |
| Q2 2020 | $391.7M | 65 | 3 | 14 | 31 | 7 | 41.7% | 28 |
| Q1 2020 | $335.5M | 69 | 4 | 26 | 28 | 4 | 41.8% | 34 |
| Q4 2019 | $442.9M | 69 | 4 | 27 | 28 | 5 | 41.4% | 35 |
| Q3 2019 | $408.1M | 70 | 7 | 15 | 35 | 2 | 40.8% | 29 |
| Q2 2019 | $400.9M | 65 | 6 | 19 | 22 | 3 | 41.3% | 45 |
| Q1 2019 | $387.4M | 62 | 3 | 11 | 38 | 3 | 42.6% | 17 |
| Q4 2018 | $354.6M | 62 | 0 | 0 | 0 | 0 | 42.1% | 43 |
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.