DaveManuel.com · Institutional Ownership · 13F Holdings
Vision Capital Management, Inc.
Reported holdings as of Q3 2026, from 32 quarterly filings.
Holdings
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| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| ISHARES TR | IVV | $82.1M | 107,237 | -0.42pp | 32q | -5.8%-$5.1M | |
| VANGUARD TAX-MANAGED FDS | VEA | $79.4M | 1,124,377 | -0.20pp | 32q | -0.6%-$478.8K | |
| APPLE INC | AAPL | $73.4M | 220,291 | +0.94pp | 32q | -1.4%-$1.0M | |
| ISHARES TR | IJR | $45.9M | 337,535 | -0.54pp | 32q | -0.7%-$307.2K | |
| VANGUARD INTL EQUITY INDEX F | VWO | $39.5M | 666,450 | +0.08pp | 32q | +3.0%+$1.2M | |
| ALPHABET INC | GOOGL | $39.3M | 114,250 | -0.33pp | 32q | -2.7%-$1.1M | |
| MICROSOFT CORP | MSFT | $32.2M | 62,850 | +0.93pp | 32q | -1.7%-$551.4K | |
| VANGUARD INDEX FDS | VBK | $27.9M | 82,666 | -0.34pp | 19q | -1.7%-$472.6K | |
| ISHARES GOLD TR | IAU | $24.8M | 317,911 | +0.16pp | 22q | +3.3%+$785.1K | |
| AMAZON COM INC | AMZN | $24.3M | 97,522 | +0.10pp | 32q | HELD | |
| NVIDIA CORPORATION | NVDA | $24.1M | 105,335 | +0.29pp | 18q | -1.2%-$285.2K | |
| ISHARES TR | IDEV | $21.2M | 237,191 | -0.01pp | 26q | HELD | |
| ISHARES TR | LQD | $19.6M | 191,428 | flat | 17q | +7.3%+$1.3M | |
| VISA INC | V | $16.6M | 46,321 | +0.06pp | 32q | -0.7%-$110.3K | |
| JOHNSON & JOHNSON | JNJ | $13.3M | 50,378 | +0.04pp | 32q | -0.6%-$83.1K | |
| SPDR SERIES TRUST | SPYV | $13.2M | 215,561 | +0.69pp | 4q | +85.9%+$6.1M | |
| AMGEN INC | AMGN | $12.1M | 28,773 | +0.20pp | 31q | +0.8%+$93.2K | |
| COSTCO WHOLESALE CORPORATION | COST | $12.0M | 13,221 | -0.03pp | 32q | +1.0%+$122.0K | |
| SCHWAB STRATEGIC TR | SCHF | $11.7M | 427,122 | -0.01pp | 32q | +0.6%+$73.8K | |
| SHERWIN WILLIAMS CO | SHW | $10.8M | 33,288 | -0.08pp | 32q | +0.7%+$73.7K | |
| STARBUCKS CORP | SBUX | $8.5M | 90,843 | -0.08pp | 32q | +1.5%+$122.6K | |
| QUALCOMM INC | QCOM | $8.5M | 46,024 | flat | 32q | +1.3%+$108.8K | |
| PALO ALTO NETWORKS INC | PANW | $7.6M | 19,210 | +0.04pp | 7q | -9.6%-$806.2K | |
| ISHARES TR | IJH | $7.5M | 104,354 | -0.12pp | 32q | -5.6%-$441.8K | |
| U HAUL HOLDING COMPANY | UHALB | $7.5M | 141,215 | -0.17pp | 16q | -8.9%-$727.8K | |
| DISNEY WALT CO | DIS | $7.0M | 66,284 | +0.07pp | 32q | +0.8%+$55.5K | |
| ELI LILLY & CO | LLY | $6.6M | 5,730 | -0.05pp | 32q | -2.4%-$159.7K | |
| IQVIA HLDGS INC | IQV | $6.4M | 23,641 | +0.12pp | 32q | -13.7%-$1.0M | |
| SPDR INDEX SHS FDS | SPEM | $6.3M | 121,063 | -0.01pp | 26q | -1.1%-$67.1K | |
| BROADRIDGE FINL SOLUTIONS IN | BR | $6.1M | 37,649 | +0.11pp | 32q | +1.0%+$59.6K | |
| BANK OF AMER CORP | BAC | $6.0M | 110,153 | -0.03pp | 24q | +1.6%+$94.5K | |
| SLB LIMITED | SLB | $5.7M | 117,121 | +0.04pp | 20q | +1.7%+$95.8K | |
| VANGUARD INDEX FDS | VOO | $5.5M | 7,874 | -0.03pp | 32q | -5.6%-$326.6K | |
| PROGRESSIVE CORP | PGR | $5.5M | 26,342 | -0.02pp | 11q | +2.4%+$125.6K | |
| SNAP ON INC | SNA | $5.4M | 14,736 | -0.09pp | 12q | -2.5%-$137.7K | |
| WATSCO INC | WSO | $5.3M | 17,409 | -0.23pp | 31q | HELD | |
| SALESFORCE INC | CRM | $5.0M | 21,939 | +0.08pp | 22q | -19.5%-$1.2M | |
| APPLIED MATLS INC | AMAT | $4.6M | 8,951 | -0.21pp | 9q | +1.9%+$84.4K | |
| JPMORGAN CHASE & CO | JPM | $4.5M | 13,685 | +0.09pp | 12q | +20.4%+$768.5K | |
| UNITED PARCEL SVCS INC | UPS | $4.5M | 47,873 | -0.06pp | 32q | +3.2%+$138.3K | |
| NEXTERA ENERGY INC | NEE | $4.4M | 57,934 | -0.07pp | 32q | +1.5%+$62.8K | |
| ISHARES TR | IEI | $4.2M | 36,844 | +0.02pp | 6q | +8.2%+$315.4K | |
| ISHARES TR | IWP | $4.2M | 30,337 | -0.04pp | 26q | -0.8%-$33.7K | |
| HONEYWELL INTL INC | HON | $3.8M | 18,032 | -0.04pp | 2q | -2.9%-$114.5K | |
| ISHARES TR | IWM | $3.6M | 13,066 | -0.04pp | 26q | -0.7%-$25.3K | |
| ZOETIS INC | ZTS | $3.6M | 51,513 | +0.02pp | 32q | +9.0%+$295.7K | |
| ADVANCED DRAIN SYS INC DEL | WMS | $3.6M | 28,314 | -0.11pp | 10q | -1.9%-$69.3K | |
| ISHARES TR | ESGD | $3.6M | 34,785 | -0.01pp | 29q | -2.7%-$98.9K | |
| VERTEX PHARMACEUTICALS INC | VRTX | $3.4M | 6,588 | +0.01pp | 10q | -0.6%-$22.0K | |
| WILLIAMS SONOMA INC | WSM | $3.3M | 14,675 | -0.01pp | 32q | +0.7%+$22.6K | |
| HONEYWELL AEROSPACE INC | HONA | $3.3M | 21,489 | -0.09pp | 2q | +16.1%+$460.9K | |
| META PLATFORMS INC | META | $3.3M | 4,553 | +0.10pp | 7q | +8.6%+$261.8K | |
| SCHWAB STRATEGIC TR | SCHA | $3.2M | 99,566 | -0.07pp | 26q | -5.7%-$195.6K | |
| ISHARES TR | ESML | $3.0M | 58,263 | -0.03pp | 27q | -0.9%-$26.8K | |
| HF SINCLAIR CORP | DINO | $2.9M | 27,425 | +0.10pp | 19q | -7.6%-$243.4K | |
| ISHARES TR | ESGU | $2.8M | 16,980 | flat | 28q | -2.1%-$61.5K | |
| CVS HEALTH CORP | CVS | $2.7M | 32,043 | -0.16pp | 32q | -20.1%-$690.1K | |
| COMMVAULT SYS INC | CVLT | $2.7M | 17,872 | +0.01pp | 6q | -1.0%-$26.4K | |
| ISHARES TR | IWB | $2.5M | 5,946 | -0.01pp | 12q | -3.3%-$83.2K | |
| CAPITAL ONE FINL CORP | COF | $2.2M | 11,204 | -0.01pp | 6q | HELD | |
| VANGUARD SCOTTSDALE FDS | VTWO | $2.1M | 19,126 | -0.03pp | 5q | -2.2%-$49.4K | |
| SCHWAB STRATEGIC TR | SCHX | $2.0M | 66,533 | flat | 27q | HELD | |
| C H ROBINSON WORLDWIDE IN | CHRW | $1.9M | 12,985 | -0.08pp | 32q | -5.8%-$117.8K | |
| BROADCOM INC | AVGO | $1.9M | 5,439 | +0.01pp | 5q | +11.0%+$188.9K | |
| LOWES COS INC | LOW | $1.9M | 10,076 | -0.04pp | 32q | +1.9%+$34.1K | |
| NVR INC | NVR | $1.8M | 294 | -0.02pp | 32q | -0.7%-$12.3K | |
| ISHARES TR | QUAL | $1.8M | 7,875 | flat | 12q | -2.1%-$37.1K | |
| ISHARES INC | ESGE | $1.7M | 31,749 | flat | 27q | HELD | |
| CARMAX INC | KMX | $1.7M | 30,751 | flat | 32q | -1.8%-$31.5K | |
| ADVANCED MICRO DEVICES INC | AMD | $1.6M | 2,663 | +0.01pp | 12q | HELD | |
| US BANCORP | USB | $1.6M | 27,830 | -0.02pp | 32q | -4.7%-$78.4K | |
| LENNAR CORP | LEN | $1.6M | 19,581 | +0.12pp | 2q | +240.4%+$1.1M | |
| ISHARES TR | VLUE | $1.5M | 7,778 | flat | 12q | HELD | |
| SCHWAB STRATEGIC TR | SCHM | $1.5M | 43,078 | -0.02pp | 26q | -5.1%-$78.8K | |
| ISHARES TR | SUSC | $1.5M | 66,721 | flat | 17q | +9.3%+$124.2K | |
| INTEL CORP | INTC | $1.5M | 12,090 | -0.04pp | 12q | -7.2%-$113.1K | |
| NETFLIX INC. | NFLX | $1.4M | 20,576 | -0.01pp | 3q | -1.3%-$18.4K | |
| ALPHABET INC | GOOG | $1.4M | 4,156 | -0.01pp | 12q | -2.4%-$35.1K | |
| VANGUARD INSTL INDEX FD | VBIL | $1.4M | 18,050 | flat | 6q | -2.2%-$31.4K | |
| TFS FINL CORP | TFSL | $1.3M | 82,564 | -0.01pp | 32q | +2.6%+$33.6K | |
| PINTEREST INC | PINS | $1.3M | 68,616 | -0.03pp | 20q | -6.1%-$84.5K | |
| VANGUARD INDEX FDS | VTI | $1.3M | 3,368 | flat | 12q | HELD | |
| VANGUARD WHITEHALL FDS | VYM | $1.2M | 7,970 | -0.01pp | 12q | -1.8%-$22.0K | |
| CHEVRON CORPORATION | CVX | $1.2M | 5,847 | +0.02pp | 12q | HELD | |
| VANGUARD INDEX FDS | VUG | $1.1M | 11,941 | flat | 12q | -3.8%-$42.2K | |
| MASTERCARD INCORPORATED | MA | $1.0M | 1,819 | +0.01pp | 12q | +2.1%+$20.4K | |
| ISHARES TR | IVLU | $999.6K | 23,305 | flat | 12q | HELD | |
| ADOBE INC | ADBE | $913.3K | 3,807 | flat | 32q | -9.7%-$97.6K | |
| F5 INC | FFIV | $908.2K | 2,040 | +0.01pp | 31q | HELD | |
| ISHARES TR | ILCG | $788.4K | 6,740 | flat | 12q | HELD | |
| SYSCO CORP | SYY | $776.6K | 9,961 | -0.02pp | 32q | -10.7%-$92.9K | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $773.8K | 1,554 | flat | 12q | HELD | |
| WALMART INC | WMT | $743.7K | 7,156 | -0.01pp | 8q | -4.2%-$32.4K | |
| HOME DEPOT INC | HD | $733.4K | 2,578 | -0.02pp | 12q | HELD | |
| STATE STR SPDR S&P 500 ETF T | SPY | $658.2K | 863 | flat | 12q | -0.7%-$4.6K | |
| DIMENSIONAL ETF TRUST | DFIV | $643.1K | 11,513 | flat | 12q | HELD | |
| TEXAS INSTRS INC | TXN | $627.1K | 2,239 | -0.01pp | 12q | HELD | |
| VANGUARD SCOTTSDALE FDS | VCIT | $610.0K | 7,789 | flat | 12q | HELD | |
| CATERPILLAR INC | CAT | $608.9K | 751 | -0.05pp | 9q | -22.8%-$180.0K | |
| AUTOMATIC DATA PROCESSING IN | ADP | $603.3K | 2,338 | +0.01pp | 10q | -2.5%-$15.5K | |
| VANECK ETF TRUST | MOAT | $576.4K | 5,453 | flat | 12q | HELD | |
| WASTE MGMT INC DEL | WM | $571.4K | 2,802 | -0.01pp | 7q | HELD | |
| MARRIOTT INTL INC NEW | MAR | $566.1K | 1,592 | flat | 12q | HELD | |
| DANAHER CORP DEL | DHR | $551.2K | 2,488 | +0.01pp | 7q | HELD | |
| NIKE INC | NKE | $541.2K | 15,289 | -0.05pp | 32q | -37.9%-$330.6K | |
| CROWDSTRIKE HLDGS INC | CRWD | $530.6K | 2,004 | +0.02pp | 8q | HELD | |
| VANGUARD INDEX FDS | VB | $525.5K | 1,847 | flat | 12q | HELD | |
| TESLA INC | TSLA | $519.0K | 1,463 | -0.01pp | 12q | HELD | |
| ABBVIE INC | ABBV | $500.9K | 1,915 | flat | 9q | -2.5%-$13.1K | |
| ISHARES TR | DVY | $482.8K | 3,175 | flat | 12q | HELD | |
| CISCO SYS INC | CSCO | $455.4K | 4,231 | -0.02pp | 32q | -25.7%-$157.8K | |
| ISHARES TR | IWF | $444.9K | 3,552 | flat | 12q | -6.1%-$29.1K | |
| VANGUARD INTL EQUITY INDEX F | VEU | $403.4K | 4,862 | flat | 12q | HELD | |
| DIMENSIONAL ETF TRUST | DFAT | $378.6K | 5,699 | flat | 12q | HELD | |
| INVESCO QQQ TR | QQQ | $372.7K | 504 | flat | 12q | HELD | |
| PROCTER & GAMBLE CO | PG | $363.2K | 2,500 | flat | 11q | HELD | |
| TRAVELERS COMPANIES INC | TRV | $361.2K | 1,013 | flat | 7q | HELD | |
| COCA COLA CO | KO | $353.5K | 4,107 | -0.02pp | 12q | -33.9%-$181.6K | |
| AIR PRODUCTS AND CHEMICALS I | APD | $345.8K | 1,243 | flat | 7q | -2.5%-$8.9K | |
| ECOLAB INC | ECL | $343.2K | 1,250 | flat | 7q | HELD | |
| UNION PAC CORP | UNP | $342.1K | 1,257 | flat | 3q | -0.9%-$3.3K | |
| ISHARES TR | IBB | $315.8K | 1,500 | flat | 5q | HELD | |
| INVESCO EXCHANGE TRADED FD T | KNCT | $307.4K | 1,500 | flat | 4q | HELD | |
| COLGATE PALMOLIVE CO | CL | $293.3K | 3,438 | flat | 7q | HELD | |
| PAYPAL HLDGS INC | PYPL | $292.9K | 5,576 | -0.02pp | 32q | -45.3%-$242.7K | |
| ISHARES TR | IEFA | $292.1K | 3,015 | flat | 5q | -3.8%-$11.4K | |
| EXXONMOBIL HOLDINGS CORP | XOM | $288.4K | 1,772 | - | new | NEW | |
| CONSTELLATION ENERGY CORP | CEG | $288.1K | 1,134 | flat | 11q | HELD | |
| ISHARES TR | USMV | $283.4K | 2,908 | flat | 12q | HELD | |
| JOHNSON CONTROLS INTERNATION | JCI | $270.8K | 1,822 | flat | 6q | HELD | |
| SERVICENOW INC | NOW | $270.0K | 2,015 | flat | 2q | -14.4%-$45.6K | |
| PEPSICO INC | PEP | $266.3K | 2,102 | -0.01pp | 12q | -24.9%-$88.3K | |
| LAUDER ESTEE COS INC | EL | $261.1K | 2,814 | flat | 32q | -4.7%-$12.9K | |
| MCDONALDS CORP | MCD | $261.0K | 1,130 | -0.01pp | 7q | HELD | |
| LAMAR ADVERTISING CO | LAMR | $259.4K | 1,800 | flat | 11q | HELD | |
| ARISTA NETWORKS INC | ANET | $257.3K | 1,264 | flat | 2q | HELD | |
| ISHARES TR | IYF | $248.1K | 1,974 | flat | 7q | HELD | |
| AMER STATES WTR CO | AWR | $240.5K | 2,921 | flat | 12q | HELD | |
| ISHARES TR | IWD | $237.5K | 958 | flat | 4q | HELD | |
| LABCORP HOLDINGS INC | LH | $231.1K | 750 | flat | 3q | HELD | |
| THERMO FISHER SCIENTIFIC INC | TMO | $230.2K | 341 | - | new | NEW | |
| RTX CORPORATION | RTX | $230.0K | 1,239 | -0.01pp | 5q | -15.9%-$43.6K | |
| GILEAD SCIENCES INC | GILD | $229.9K | 1,543 | flat | 32q | -22.1%-$65.4K | |
| LOCKHEED MARTIN CORP | LMT | $226.1K | 444 | flat | 6q | HELD | |
| MASCO CORP | MAS | $223.8K | 3,320 | -0.01pp | 12q | HELD | |
| SHOPIFY INC | SHOP | $222.4K | 1,500 | - | new | NEW | |
| PARKER HANNIFIN CORP | PH | $216.9K | 227 | flat | 3q | HELD | |
| BLACKROCK INC | BLK | $209.5K | 198 | - | new | NEW | |
| ISHARES TR | DGRO | $206.5K | 2,739 | - | new | NEW | |
| STATE STR SPDR S&P MIDCAP 40 | MDY | $203.6K | 310 | flat | 2q | HELD | |
| MCKESSON CORP | MCK | $203.2K | 238 | - | new | NEW |
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 | $87.8M | 10.0% |
| Computer Hardware | $82.6M | 9.4% |
| Retail & Consumer | $64.3M | 7.3% |
| Biotech & Pharma | $46.2M | 5.2% |
| Semiconductors & Electronics | $42.7M | 4.8% |
| Business Services | $32.0M | 3.6% |
| Capital Markets | $25.0M | 2.8% |
| Banks & Lending | $15.6M | 1.8% |
| Other sectors | $73.0M | 8.3% |
| Not classified | $412.2M | 46.8% |
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 | +1.3% | +2.1% | -0.9% | 100% |
| Q2 2026 | +12.1% | +14.8% | -2.7% | 100% |
| Q1 2026 | -2.9% | -4.6% | +1.7% | 100% |
| Q4 2025 | +2.9% | +2.4% | +0.6% | 100% |
| Q3 2025 | +7.0% | +7.8% | -0.9% | 100% |
| Q2 2025 | +6.2% | +10.5% | -4.2% | 100% |
| Q1 2025 | -2.9% | -4.6% | +1.7% | 100% |
| Q4 2024 | -1.3% | +2.1% | -3.5% | 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 | $881.5M | 151 | 6 | 30 | 66 | 11 | 53.2% | 20 |
| Q2 2026 | $875.9M | 156 | 9 | 25 | 64 | 3 | 52.8% | 41 |
| Q1 2026 | $791.9M | 150 | 6 | 31 | 43 | 3 | 53.0% | 24 |
| Q4 2025 | $829.5M | 147 | 5 | 24 | 58 | 3 | 53.6% | 27 |
| Q3 2025 | $810.6M | 145 | 9 | 25 | 71 | 4 | 53.1% | 23 |
| Q2 2025 | $761.0M | 140 | 13 | 66 | 26 | 8 | 51.0% | 16 |
| Q1 2025 | $693.8M | 135 | 13 | 44 | 44 | 9 | 49.5% | 30 |
| Q4 2024 | $680.5M | 131 | 8 | 33 | 44 | 4 | 50.3% | 27 |
| Q3 2024 | $709.4M | 127 | 9 | 54 | 34 | 4 | 47.4% | 36 |
| Q2 2024 | $672.2M | 122 | 3 | 19 | 52 | 1 | 48.1% | 38 |
| Q1 2024 | $670.4M | 120 | 5 | 16 | 58 | 1 | 45.9% | 39 |
| Q4 2023 | $641.4M | 116 | 42 | 33 | 20 | 0 | 45.8% | 17 |
| Q3 2023 | $543.4M | 74 | 2 | 25 | 34 | 32 | 47.3% | 25 |
| Q2 2023 | $585.9M | 104 | 5 | 25 | 36 | 3 | 46.6% | 32 |
| Q1 2023 | $551.5M | 102 | 9 | 5 | 74 | 1 | 45.6% | 33 |
| Q4 2022 | $523.3M | 94 | 4 | 36 | 24 | 1 | 43.9% | 26 |
| Q3 2022 | $484.3M | 91 | 2 | 28 | 32 | 6 | 45.6% | 21 |
| Q2 2022 | $530.3M | 95 | 3 | 46 | 21 | 11 | 46.1% | 41 |
| Q1 2022 | $608.3M | 103 | 3 | 48 | 29 | 11 | 47.7% | 28 |
| Q4 2021 | $669.9M | 111 | 12 | 38 | 20 | 6 | 47.2% | 24 |
| Q3 2021 | $613.1M | 105 | 4 | 42 | 10 | 5 | 46.6% | 7 |
| Q2 2021 | $605.6M | 106 | 3 | 44 | 28 | 2 | 46.0% | 15 |
| Q1 2021 | $562.1M | 105 | 1 | 32 | 51 | 2 | 45.8% | 21 |
| Q4 2020 | $538.1M | 106 | 4 | 32 | 55 | 0 | 45.2% | 20 |
| Q3 2020 | $476.3M | 102 | 7 | 11 | 44 | 3 | 46.1% | 21 |
| Q2 2020 | $436.0M | 98 | 9 | 14 | 63 | 4 | 45.4% | 24 |
| Q1 2020 | $376.7M | 93 | 8 | 57 | 17 | 8 | 51.6% | 14 |
| Q4 2019 | $427.2M | 93 | 11 | 35 | 40 | 2 | 48.8% | 21 |
| Q3 2019 | $385.0M | 84 | 2 | 24 | 37 | 2 | 47.1% | 32 |
| Q2 2019 | $381.0M | 84 | 5 | 14 | 29 | 1 | 46.9% | 29 |
| Q1 2019 | $359.6M | 80 | 7 | 31 | 21 | 3 | 48.1% | 31 |
| Q4 2018 | $317.2M | 76 | 0 | 0 | 0 | 0 | 47.2% | 10 |
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.