DaveManuel.com · Institutional Ownership · 13F Holdings
Avantra Family Wealth, Inc.
Reported holdings as of Q3 2026, from 8 quarterly filings.
Holdings
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| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| APPLE INC | AAPL | $11.3M | 33,972 | +1.03pp | 8q | +9.2%+$950.1K | |
| MICROSOFT CORP | MSFT | $8.4M | 16,443 | +2.25pp | 8q | +39.9%+$2.4M | |
| NVIDIA CORPORATION | NVDA | $7.6M | 33,247 | +0.38pp | 8q | +1.9%+$142.3K | |
| AMAZON COM INC | AMZN | $6.9M | 27,832 | +1.13pp | 8q | +40.3%+$2.0M | |
| FIRST TR EXCHNG TRADED FD VI | GJUN | $4.7M | 111,532 | -0.06pp | 8q | +2.4%+$109.1K | |
| FIRST TR EXCHNG TRADED FD VI | FJUN | $4.3M | 71,038 | -0.03pp | 6q | +3.3%+$137.2K | |
| MARATHON PETE CORP | MPC | $3.3M | 8,234 | +0.62pp | 8q | +1.1%+$36.8K | |
| MICRON TECHNOLOGY INC | MU | $3.0M | 2,793 | -0.04pp | 5q | +12.7%+$335.6K | |
| ALPHABET INC | GOOGL | $3.0M | 8,602 | -0.13pp | 8q | +3.2%+$90.5K | |
| BROADCOM INC | AVGO | $2.8M | 7,892 | -0.23pp | 8q | +0.8%+$21.4K | |
| CITIGROUP INC | C | $2.7M | 20,700 | -0.26pp | 8q | -1.0%-$28.4K | |
| ISHARES TR | IVV | $2.6M | 3,398 | -0.05pp | 5q | +1.2%+$29.9K | |
| FIRST TR EXCHANGE-TRADED FD | ACYN | $2.5M | 121,923 | - | new | NEW | |
| FIRST TR EXCHNG TRADED FD VI | QMMY | $2.3M | 83,684 | +0.02pp | 6q | +6.1%+$130.4K | |
| WELLS FARGO & CO | WFC | $2.3M | 28,180 | -0.33pp | 8q | -11.5%-$294.3K | |
| META PLATFORMS INC | META | $2.1M | 2,888 | -0.15pp | 8q | -25.8%-$729.5K | |
| FIRST TR EXCHNG TRADED FD VI | GJUL | $2.0M | 44,403 | -0.02pp | 8q | +2.4%+$45.9K | |
| BLACKROCK ETF TRUST | DYNF | $1.8M | 26,484 | -0.04pp | 5q | +1.1%+$20.2K | |
| ISHARES TR | IVW | $1.8M | 12,652 | +0.14pp | 2q | +18.3%+$277.8K | |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | $1.8M | 3,930 | -0.20pp | 8q | -6.0%-$115.4K | |
| JOHNSON & JOHNSON | JNJ | $1.7M | 6,584 | +0.31pp | 8q | +45.7%+$546.5K | |
| FIRST TR EXCHNG TRADED FD VI | YSEP | $1.7M | 60,538 | +0.01pp | 6q | +5.2%+$84.3K | |
| ISHARES TR | IVE | $1.7M | 7,395 | -0.08pp | 8q | -2.1%-$36.5K | |
| CVS HEALTH CORP | CVS | $1.6M | 19,096 | -0.31pp | 8q | -2.2%-$36.8K | |
| HOME DEPOT INC | HD | $1.6M | 5,626 | +0.17pp | 8q | +61.0%+$606.2K | |
| ALPHABET INC | GOOG | $1.6M | 4,646 | -0.13pp | 5q | -2.7%-$44.6K | |
| CHEVRON CORPORATION | CVX | $1.5M | 7,326 | +0.31pp | 3q | +33.5%+$375.3K | |
| HEWLETT PACKARD ENTERPRISE C | HPE | $1.5M | 22,959 | +0.21pp | 5q | -1.4%-$21.1K | |
| ISHARES TR | DGRO | $1.5M | 19,415 | -0.02pp | 8q | +5.1%+$71.5K | |
| CATERPILLAR INC | CAT | $1.3M | 1,641 | -0.32pp | 8q | HELD | |
| MERCK & CO INC | MRK | $1.3M | 9,042 | +0.20pp | 3q | +26.4%+$274.1K | |
| JPMORGAN CHASE & CO | JPM | $1.3M | 3,942 | -0.03pp | 8q | +2.2%+$28.1K | |
| INTERCONTINENTAL EXCHANGE IN | ICE | $1.3M | 8,497 | +0.10pp | 8q | HELD | |
| BRITISH AMERN TOB PLC | BTI | $1.3M | 23,139 | -0.14pp | 8q | +2.1%+$26.1K | |
| BAXTER INTL INC | BAX | $1.2M | 51,956 | +0.05pp | 2q | +1.6%+$20.1K | |
| UNITEDHEALTH GROUP INC | UNH | $1.2M | 3,378 | +0.29pp | 2q | +97.0%+$610.5K | |
| FIRST TR EXCHNG TRADED FD VI | QJUN | $1.2M | 35,009 | +0.02pp | 8q | +7.5%+$83.3K | |
| SNOWFLAKE INC | SNOW | $1.2M | 3,510 | +0.18pp | 3q | +6.1%+$68.2K | |
| DANAHER CORP DEL | DHR | $1.1M | 5,068 | +0.41pp | 2q | +137.0%+$649.1K | |
| ISHARES INC | IEMG | $1.1M | 13,417 | -0.04pp | 8q | +1.9%+$20.5K | |
| WISDOMTREE TR | DGRW | $1.1M | 11,117 | -0.03pp | 8q | HELD | |
| ELI LILLY & CO | LLY | $1.1M | 914 | -0.03pp | 8q | +5.3%+$53.2K | |
| L3HARRIS TECHNOLOGIES INC | LHX | $1.0M | 4,331 | -0.17pp | 8q | +2.4%+$23.7K | |
| APPLIED MATLS INC | AMAT | $972.1K | 1,901 | -0.23pp | 2q | +8.1%+$72.6K | |
| GE AEROSPACE | GE | $935.3K | 2,995 | -0.13pp | 8q | +2.8%+$25.6K | |
| CARDINAL HEALTH INC | CAH | $932.9K | 4,193 | -0.33pp | 8q | -28.1%-$364.4K | |
| DATADOG INC | DDOG | $932.0K | 3,403 | -0.01pp | 3q | HELD | |
| ISHARES TR | IUSB | $914.5K | 20,741 | +0.14pp | 8q | +50.8%+$308.1K | |
| BLACKROCK ETF TRUST | BALI | $885.4K | 25,693 | +0.01pp | 5q | +7.5%+$62.1K | |
| DISNEY WALT CO | DIS | $855.4K | 8,154 | +0.02pp | 5q | +1.3%+$10.9K | |
| MEDTRONIC PLC | MDT | $849.3K | 9,843 | +0.01pp | 8q | -2.2%-$19.3K | |
| PALO ALTO NETWORKS INC | PANW | $840.6K | 2,116 | +0.07pp | 3q | +5.7%+$45.7K | |
| ISHARES TR | EFG | $825.4K | 6,888 | +0.02pp | 2q | +14.3%+$103.1K | |
| CISCO SYS INC | CSCO | $810.5K | 7,530 | -0.16pp | 8q | -12.7%-$117.4K | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $797.7K | 1,602 | -0.19pp | 8q | -23.7%-$247.5K | |
| PROCTER & GAMBLE CO | PG | $777.8K | 5,354 | +0.14pp | 8q | +53.1%+$269.8K | |
| RTX CORPORATION | RTX | $777.2K | 4,186 | -0.03pp | 8q | +1.9%+$14.5K | |
| ISHARES TR | MTUM | $772.5K | 2,434 | -0.04pp | 5q | +5.3%+$39.0K | |
| EVERGY INC | EVRG | $770.1K | 9,817 | +0.07pp | 5q | +38.4%+$213.6K | |
| COSTCO WHOLESALE CORPORATION | COST | $740.1K | 813 | -0.04pp | 8q | HELD | |
| DOLLAR GEN CORP | DG | $733.7K | 6,135 | -0.08pp | 7q | -13.7%-$116.1K | |
| BLACKROCK ETF TRUST II | SECU | $728.5K | 15,002 | +0.21pp | 2q | +115.6%+$390.6K | |
| CSX CORP | CSX | $722.9K | 15,544 | -0.03pp | 6q | +0.9%+$6.2K | |
| MCKESSON CORP | MCK | $720.5K | 844 | -0.01pp | 8q | -8.0%-$62.3K | |
| SELECT SECTOR SPDR TR | XLK | $714.9K | 3,652 | -0.01pp | 8q | +0.6%+$4.5K | |
| LAM RESEARCH CORP | LRCX | $710.6K | 2,163 | -0.15pp | 3q | +4.6%+$31.5K | |
| BLACKROCK ETF TRUST II | BINC | $704.3K | 13,866 | -0.12pp | 8q | -14.5%-$119.8K | |
| CROWN HLDGS INC | CCK | $698.5K | 6,626 | -0.08pp | 5q | -4.4%-$32.5K | |
| BLACKROCK ETF TRUST | BLCR | $697.5K | 14,246 | -0.03pp | 2q | +2.0%+$13.9K | |
| BLACKROCK ETF TRUST | CORO | $688.9K | 18,952 | -0.02pp | 2q | +2.9%+$19.3K | |
| AMERICAN ELEC PWR CO INC | AEP | $687.0K | 5,791 | +0.15pp | 8q | +93.3%+$331.6K | |
| GALLAGHER ARTHUR J CO | AJG | $663.3K | 2,908 | +0.12pp | 3q | +52.8%+$229.2K | |
| BLACKROCK ETF TRUST | IDEF | $655.9K | 21,004 | -0.03pp | 2q | +1.0%+$6.5K | |
| SCHWAB STRATEGIC TR | SCHD | $646.4K | 19,870 | -0.02pp | 8q | -0.7%-$4.7K | |
| HASBRO INC | HAS | $631.8K | 7,206 | flat | 8q | +1.2%+$7.6K | |
| ISHARES TR | ILCG | $631.6K | 5,400 | -0.03pp | 8q | HELD | |
| QUANTA SVCS INC | PWR | $611.3K | 951 | -0.03pp | 2q | +9.3%+$52.1K | |
| RESTAURANT BRANDS INTL INC | QSR | $608.9K | 8,567 | -0.02pp | 2q | +2.8%+$16.3K | |
| WALMART INC | WMT | $606.5K | 5,836 | -0.05pp | 8q | +2.8%+$16.7K | |
| PPG INDS INC | PPG | $604.7K | 5,796 | -0.08pp | 5q | +2.2%+$12.7K | |
| ADVANCED MICRO DEVICES INC | AMD | $599.7K | 980 | - | new | NEW | |
| BLACKROCK ETF TRUST II | CLOA | $583.6K | 11,248 | -0.12pp | 2q | -20.4%-$149.7K | |
| ISHARES TR | OEF | $582.5K | 1,525 | -0.01pp | 8q | HELD | |
| SCHWAB STRATEGIC TR | FNDF | $576.5K | 10,725 | -0.03pp | 6q | -4.1%-$24.9K | |
| FIRST CTZNS BANCSHARES INC D | FCNCA | $572.7K | 278 | -0.35pp | 8q | -46.5%-$498.5K | |
| BLACKROCK ETF TRUST | THRO | $551.7K | 12,544 | -0.01pp | 6q | HELD | |
| ISHARES TR | EFV | $548.4K | 6,929 | -0.02pp | 8q | -2.1%-$12.0K | |
| NEXTERA ENERGY INC | NEE | $543.5K | 7,176 | -0.08pp | 8q | HELD | |
| ISHARES TR | IGEB | $532.7K | 12,450 | flat | 5q | +11.3%+$53.9K | |
| PEPSICO INC | PEP | $523.2K | 4,129 | -0.03pp | 8q | +5.1%+$25.2K | |
| EQT Corp | EQT | $518.2K | 10,672 | -0.04pp | 2q | +2.4%+$12.1K | |
| ISHARES TR | TLH | $518.2K | 5,622 | -0.07pp | 6q | -6.1%-$33.9K | |
| TEXAS INSTRS INC | TXN | $517.8K | 1,849 | -0.38pp | 3q | -48.8%-$492.9K | |
| PACER FDS TR | COWZ | $502.9K | 7,533 | flat | 8q | HELD | |
| DTE ENERGY CO | DTE | $501.6K | 4,118 | -0.13pp | 3q | -7.9%-$42.9K | |
| EATON CORP PLC | ETN | $492.6K | 1,146 | flat | 2q | +5.2%+$24.5K | |
| INTERNATIONAL FLAVORS&FRAGRA | IFF | $490.5K | 5,876 | +0.01pp | 3q | +3.0%+$14.2K | |
| LOCKHEED MARTIN CORP | LMT | $483.2K | 949 | -0.02pp | 5q | +1.2%+$5.6K | |
| JOHNSON CONTROLS INTERNATION | JCI | $471.3K | 3,171 | -0.01pp | 8q | +1.8%+$8.3K | |
| CDW CORP | CDW | $462.9K | 3,612 | - | new | NEW | |
| EQUINIX INC | EQIX | $462.1K | 457 | -0.01pp | 2q | +7.8%+$33.4K | |
| PACCAR INC | PCAR | $460.9K | 4,197 | -0.04pp | 2q | +2.9%+$13.2K | |
| FIRST TR EXCHANGE TRADED FD | RDVY | $455.8K | 5,822 | flat | 8q | +12.1%+$49.3K | |
| VERIZON COMMUNICATIONS INC | VZ | $450.3K | 9,817 | flat | 8q | -1.0%-$4.4K | |
| THERMO FISHER SCIENTIFIC INC | TMO | $444.9K | 659 | +0.11pp | 5q | +37.6%+$121.5K | |
| WHEATON PRECIOUS METALS CORP | WPM | $438.6K | 3,280 | +0.03pp | 2q | +3.0%+$12.6K | |
| HOWMET AEROSPACE INC | HWM | $433.7K | 1,918 | -0.02pp | 3q | +19.1%+$69.4K | |
| BLACKROCK ETF TRUST | IALT | $432.9K | 14,499 | +0.01pp | 2q | +3.3%+$13.6K | |
| INVESCO EXCHANGE TRADED FD T | PKW | $421.5K | 2,946 | -0.01pp | 8q | HELD | |
| AIR PRODUCTS AND CHEMICALS I | APD | $400.2K | 1,438 | -0.02pp | 3q | +2.5%+$9.7K | |
| TECK RESOURCES LTD | TECK | $396.7K | 6,029 | +0.01pp | 5q | +2.0%+$7.6K | |
| UNION PAC CORP | UNP | $393.8K | 1,447 | - | new | NEW | |
| EXXONMOBIL HOLDINGS CORP | XOM | $391.9K | 2,408 | - | new | NEW | |
| WESCO INTL INC | WCC | $386.7K | 1,075 | -0.49pp | 5q | -67.0%-$784.8K | |
| ASTRAZENECA PLC | AZN | $380.5K | 2,356 | -0.14pp | 3q | -22.9%-$113.2K | |
| PALANTIR TECHNOLOGIES INC | PLTR | $375.3K | 2,006 | - | new | NEW | |
| VISA INC | V | $374.2K | 1,041 | -0.09pp | 8q | -27.7%-$143.1K | |
| ISHARES TR | GOVT | $371.3K | 16,979 | -0.02pp | 2q | +2.4%+$8.9K | |
| DIAMONDBACK ENERGY INC | FANG | $370.4K | 2,015 | - | new | NEW | |
| WELLTOWER INC | WELL | $365.8K | 1,589 | flat | 2q | +4.5%+$15.9K | |
| AUTOMATIC DATA PROCESSING IN | ADP | $363.1K | 1,407 | +0.02pp | 8q | HELD | |
| ORACLE CORP | ORCL | $361.1K | 2,630 | -0.22pp | 8q | -43.0%-$272.8K | |
| STAG INDUSTRIAL INC | STAG | $358.1K | 9,999 | -0.02pp | 3q | +2.9%+$10.0K | |
| COMCAST CORP NEW | CMCSA | $353.2K | 16,233 | - | new | NEW | |
| INTEL CORP | INTC | $348.8K | 2,901 | -0.06pp | 2q | -2.9%-$10.6K | |
| ELEVANCE HEALTH INC FORMERLY | ELV | $345.7K | 889 | -0.19pp | 3q | -44.5%-$277.3K | |
| REXFORD INDL RLTY INC | REXR | $343.5K | 9,470 | flat | 5q | +0.5%+$1.8K | |
| CITIZENS FINL GROUP INC | CFG | $342.5K | 5,372 | -0.03pp | 3q | +2.6%+$8.6K | |
| NETFLIX INC. | NFLX | $340.9K | 4,900 | -0.10pp | 8q | -27.1%-$126.6K | |
| INTERACTIVE BROKERS GROUP IN | IBKR | $339.8K | 3,978 | - | new | NEW | |
| ISHARES INC | EUHY | $335.9K | 6,430 | flat | 3q | +8.3%+$25.6K | |
| VANECK ETF TRUST | EMLC | $333.9K | 13,446 | flat | 4q | +8.3%+$25.5K | |
| CAPITAL ONE FINL CORP | COF | $331.3K | 1,716 | -0.02pp | 5q | +2.8%+$9.1K | |
| INTERDIGITAL INC | IDCC | $326.1K | 1,000 | +0.01pp | 7q | HELD | |
| ISHARES TR | HDV | $319.2K | 11,417 | flat | 3q | +6.5%+$19.5K | |
| COCA COLA CO | KO | $319.0K | 3,706 | flat | 8q | +1.7%+$5.3K | |
| ISHARES TR | IEF | $316.5K | 3,544 | +0.06pp | 2q | +67.5%+$127.5K | |
| ISHARES TR | MBB | $315.4K | 3,520 | -0.02pp | 8q | +3.1%+$9.4K | |
| PFIZER INC | PFE | $314.8K | 11,038 | +0.02pp | 8q | -1.1%-$3.6K | |
| ISHARES TR | ESGU | $311.0K | 1,864 | -0.01pp | 8q | HELD | |
| AMERICAN EXPRESS CO | AXP | $304.7K | 1,002 | -0.03pp | 8q | HELD | |
| BLACKROCK ETF TRUST | BDYN | $299.2K | 10,746 | flat | 5q | +8.4%+$23.1K | |
| SEI INVTS CO | SEIC | $292.6K | 2,850 | +0.02pp | 8q | HELD | |
| FIDELITY NATL FINL INC | FNF | $277.3K | 7,174 | -0.08pp | 8q | -13.1%-$41.6K | |
| WESTERN DIGITAL CORP | WDC | $271.9K | 598 | -0.70pp | 3q | -71.7%-$689.8K | |
| FEDEX CORP | FDX | $270.6K | 949 | -0.03pp | 3q | -0.5%-$1.4K | |
| BLACKROCK ETF TRUST II | GGOV | $264.2K | 5,273 | flat | 2q | +3.8%+$9.7K | |
| FIRST TR EXCHNG TRADED FD VI | GMAY | $263.6K | 6,002 | +0.03pp | 6q | +24.7%+$52.2K | |
| TRANSDIGM GROUP INC | TDG | $258.4K | 239 | -0.03pp | 8q | +10.6%+$24.9K | |
| VERTIV HOLDINGS CO | VRT | $254.5K | 1,055 | -0.06pp | 2q | +5.5%+$13.3K | |
| GENERAL MTRS CO | GM | $251.8K | 3,270 | -0.09pp | 8q | -32.5%-$121.4K | |
| ISHARES TR | IWF | $247.5K | 1,976 | -0.01pp | 6q | HELD | |
| GENERAL DYNAMICS CORP | GD | $240.2K | 724 | -0.02pp | 7q | HELD | |
| HOST HOTELS & RESORTS INC | HST | $237.8K | 10,623 | - | new | NEW | |
| SCHWAB STRATEGIC TR | SCHG | $237.7K | 6,617 | +0.01pp | 2q | +4.6%+$10.5K | |
| HERSHEY CO | HSY | $233.0K | 1,479 | -0.03pp | 8q | HELD | |
| SUN CMNTYS INC | SUI | $224.1K | 2,023 | - | new | NEW | |
| HONEYWELL AEROSPACE INC | HONA | $221.9K | 1,432 | -0.08pp | 2q | -4.1%-$9.6K | |
| KNIGHT-SWIFT TRANSN HLDGS IN | KNX | $217.2K | 3,415 | - | new | NEW | |
| LISTED FDS TR | MAGS | $214.3K | 2,989 | - | new | NEW | |
| WASTE MGMT INC DEL | WM | $201.6K | 989 | -0.02pp | 8q | HELD | |
| BLACKROCK ETF TRUST | BILT | $201.2K | 7,772 | - | 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 |
|---|---|---|
| Semiconductors & Electronics | $18.8M | 11.2% |
| Software & IT Services | $18.3M | 10.9% |
| Computer Hardware | $14.7M | 8.8% |
| Retail & Consumer | $11.7M | 7.0% |
| Banks & Lending | $7.8M | 4.7% |
| Energy | $6.0M | 3.6% |
| Biotech & Pharma | $4.8M | 2.9% |
| Industrials | $4.3M | 2.6% |
| Autos & Aerospace | $3.7M | 2.2% |
| Insurance | $3.3M | 2.0% |
| Utilities | $2.7M | 1.6% |
| Other sectors | $22.0M | 13.2% |
| Not classified | $48.9M | 29.3% |
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 | +1.7% | +2.1% | -0.4% | 100% |
| Q2 2026 | +12.4% | +14.8% | -2.4% | 100% |
| Q1 2026 | -2.6% | -4.6% | +2.1% | 100% |
| Q4 2025 | +2.9% | +2.4% | +0.5% | 100% |
| Q3 2025 | +6.3% | +7.8% | -1.6% | 100% |
| Q2 2025 | +8.8% | +10.5% | -1.6% | 100% |
| Q1 2025 | -1.0% | -4.6% | +3.6% | 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 | $167.1M | 162 | 14 | 90 | 38 | 17 | 33.1% | 20 |
| Q2 2026 | $156.7M | 165 | 33 | 67 | 47 | 26 | 28.7% | 29 |
| Q1 2026 | $134.4M | 158 | 29 | 63 | 50 | 28 | 29.2% | 22 |
| Q4 2025 | $137.9M | 157 | 4 | 78 | 39 | 8 | 30.3% | 21 |
| Q3 2025 | $133.6M | 161 | 46 | 45 | 45 | 16 | 29.7% | 28 |
| Q2 2025 | $121.1M | 131 | 18 | 43 | 47 | 36 | 37.8% | 23 |
| Q1 2025 | $104.2M | 149 | 19 | 47 | 53 | 22 | 25.0% | 22 |
| Q4 2024 | $107.0M | 152 | 0 | 0 | 0 | 0 | 26.7% | 24 |
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.