DaveManuel.com · Institutional Ownership · 13F Holdings
ICW Investment Advisors LLC
Reported holdings as of Q3 2026, from 28 quarterly filings.
Holdings
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| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| VANGUARD INDEX FDS | VOO | $9.5M | 13,518 | +1.27pp | 19q | +54.5%+$3.3M | |
| APPLE INC | AAPL | $9.2M | 27,702 | +0.45pp | 28q | -1.1%-$103.6K | |
| MICROSOFT CORP | MSFT | $8.8M | 17,207 | +0.87pp | 28q | -1.3%-$113.9K | |
| NVIDIA CORPORATION | NVDA | $7.4M | 32,601 | +0.32pp | 14q | -1.9%-$146.2K | |
| BROADCOM INC | AVGO | $6.4M | 18,186 | -0.18pp | 28q | -1.9%-$124.0K | |
| ABBVIE INC | ABBV | $6.3M | 23,956 | +0.09pp | 28q | -1.5%-$97.3K | |
| VISA INC | V | $6.1M | 16,937 | +0.11pp | 28q | -1.1%-$69.0K | |
| ALPHABET INC | GOOGL | $6.0M | 17,427 | -0.10pp | 28q | -2.3%-$142.1K | |
| MASTERCARD INCORPORATED | MA | $5.8M | 10,504 | +0.16pp | 28q | -0.8%-$48.5K | |
| AMAZON COM INC | AMZN | $5.5M | 22,237 | -0.06pp | 28q | -8.5%-$516.5K | |
| CASEYS GEN STORES INC | CASY | $5.1M | 8,458 | -0.55pp | 28q | -1.4%-$73.0K | |
| COSTCO WHOLESALE CORPORATION | COST | $5.1M | 5,570 | -0.04pp | 28q | -1.1%-$57.4K | |
| O'REILLY AUTOMOTIVE INC | ORLY | $4.4M | 51,973 | -0.11pp | 28q | -1.1%-$51.2K | |
| JOHNSON & JOHNSON | JNJ | $4.4M | 16,672 | +0.04pp | 28q | -3.1%-$141.9K | |
| ROSS STORES INC | ROST | $4.1M | 17,670 | +0.13pp | 28q | -1.5%-$61.2K | |
| EXXONMOBIL HOLDINGS CORP | XOM | $4.1M | 25,176 | - | new | NEW | |
| WALMART INC | WMT | $3.9M | 37,781 | -0.12pp | 28q | -1.5%-$59.1K | |
| CENCORA INC | COR | $3.9M | 13,064 | +0.10pp | 28q | -0.5%-$21.3K | |
| ELI LILLY & CO | LLY | $3.8M | 3,325 | -0.04pp | 13q | -0.9%-$33.6K | |
| AMGEN INC | AMGN | $3.8M | 9,040 | +0.20pp | 28q | -1.0%-$39.6K | |
| LINDE PLC | LIN | $3.6M | 7,614 | -0.11pp | 15q | -0.8%-$30.4K | |
| AUTOMATIC DATA PROCESSING IN | ADP | $3.6M | 13,776 | +0.18pp | 28q | -0.6%-$21.9K | |
| FASTENAL CO | FAST | $3.5M | 71,328 | +0.05pp | 28q | -0.7%-$26.6K | |
| SHERWIN WILLIAMS CO | SHW | $3.4M | 10,456 | -0.07pp | 28q | -0.9%-$29.1K | |
| TJX COS INC NEW | TJX | $3.3M | 24,728 | -0.16pp | 28q | -1.0%-$32.4K | |
| CHEVRON CORPORATION | CVX | $3.1M | 15,151 | +0.22pp | 28q | -0.7%-$20.8K | |
| LOCKHEED MARTIN CORP | LMT | $3.1M | 6,046 | +0.01pp | 28q | -0.7%-$20.4K | |
| PEPSICO INC | PEP | $3.0M | 23,625 | -0.07pp | 28q | -1.5%-$46.4K | |
| COCA COLA CO | KO | $3.0M | 34,763 | +0.07pp | 28q | -0.9%-$28.6K | |
| AMPHENOL CORP | APH | $2.9M | 34,880 | -0.07pp | 26q | -3.4%-$102.3K | |
| ABBOTT LABORATORIES | ABT | $2.9M | 28,945 | +0.08pp | 28q | -2.2%-$65.6K | |
| STATE STR SPDR S&P 500 ETF T | SPY | $2.8M | 3,734 | +0.03pp | 13q | -0.6%-$16.8K | |
| GENERAL DYNAMICS CORP | GD | $2.8M | 8,500 | -0.06pp | 28q | -1.0%-$28.9K | |
| HOME DEPOT INC | HD | $2.8M | 9,838 | -0.23pp | 28q | -0.7%-$21.1K | |
| NORTHROP GRUMMAN CORP | NOC | $2.8M | 5,726 | -0.04pp | 28q | -0.9%-$25.1K | |
| QUEST DIAGNOSTICS INC | DGX | $2.7M | 11,597 | +0.08pp | 28q | -2.0%-$53.8K | |
| RTX CORPORATION | RTX | $2.7M | 14,329 | -0.04pp | 26q | -3.4%-$95.1K | |
| RESMED INC | RMD | $2.6M | 11,816 | +0.11pp | 28q | -1.3%-$33.8K | |
| YUM! BRANDS INC | YUM | $2.6M | 18,966 | -0.16pp | 28q | -1.5%-$39.3K | |
| MCDONALDS CORP | MCD | $2.5M | 10,743 | -0.15pp | 28q | -1.2%-$29.8K | |
| PROCTER & GAMBLE CO | PG | $2.5M | 16,914 | flat | 28q | -1.2%-$31.1K | |
| ILLINOIS TOOL WKS INC | ITW | $2.4M | 9,445 | -0.04pp | 28q | -1.2%-$29.1K | |
| CISCO SYS INC | CSCO | $2.3M | 21,718 | -0.08pp | 28q | -2.6%-$61.6K | |
| EXPEDITORS INTL WASH INC | EXPD | $2.3M | 12,381 | +0.10pp | 28q | -1.7%-$38.8K | |
| CHURCH & DWIGHT CO INC | CHD | $2.2M | 23,473 | -0.02pp | 28q | -1.1%-$24.4K | |
| META PLATFORMS INC | META | $2.2M | 3,039 | +0.18pp | 14q | -1.7%-$37.0K | |
| WW GRAINGER INC | GWW | $2.1M | 1,691 | -0.07pp | 28q | -2.2%-$47.4K | |
| DONALDSON INC | DCI | $2.1M | 23,894 | -0.02pp | 28q | -1.2%-$26.2K | |
| CANADIAN NATL RY CO | CNI | $2.0M | 16,602 | flat | 28q | -1.9%-$39.1K | |
| REALTY INCOME CORP | O | $2.0M | 36,238 | -0.09pp | 28q | -0.5%-$10.7K | |
| L3HARRIS TECHNOLOGIES INC | LHX | $2.0M | 8,301 | -0.16pp | 28q | -1.3%-$25.6K | |
| STARBUCKS CORP | SBUX | $2.0M | 20,906 | -0.06pp | 28q | -1.4%-$27.2K | |
| DOVER CORP | DOV | $1.9M | 10,303 | -0.13pp | 28q | -1.2%-$23.6K | |
| NEXTERA ENERGY INC | NEE | $1.9M | 25,265 | -0.10pp | 28q | -0.8%-$15.3K | |
| BALCHEM CORP | BCPC | $1.9M | 11,585 | -0.01pp | 28q | -1.0%-$19.8K | |
| AMETEK INC | AME | $1.9M | 7,699 | +0.01pp | 28q | -3.2%-$62.4K | |
| COLGATE PALMOLIVE CO | CL | $1.8M | 21,449 | -0.05pp | 28q | -1.7%-$32.0K | |
| REPUBLIC SVCS INC | RSG | $1.8M | 8,538 | -0.01pp | 28q | -1.9%-$35.1K | |
| ALPHABET INC | GOOG | $1.8M | 5,256 | -0.11pp | 28q | -13.5%-$280.1K | |
| ECOLAB INC | ECL | $1.8M | 6,508 | -0.01pp | 28q | -2.2%-$39.5K | |
| HERSHEY CO | HSY | $1.8M | 11,317 | -0.07pp | 28q | -1.2%-$21.9K | |
| TARGET CORP | TGT | $1.7M | 11,066 | +0.11pp | 28q | HELD | |
| BECTON DICKINSON CO | BDX | $1.7M | 9,468 | +0.09pp | 28q | -2.8%-$48.7K | |
| NOVO-NORDISK A S | NVO | $1.7M | 44,454 | -0.16pp | 28q | -1.3%-$22.0K | |
| UNION PAC CORP | UNP | $1.7M | 6,154 | flat | 28q | -2.3%-$40.3K | |
| AIR PRODUCTS AND CHEMICALS I | APD | $1.6M | 5,926 | -0.03pp | 28q | -2.1%-$35.1K | |
| SOUTHERN CO | SO | $1.6M | 19,855 | -0.08pp | 28q | -0.5%-$8.5K | |
| UNILEVER PLC | UL | $1.6M | 25,750 | -0.03pp | 4q | -7.0%-$117.5K | |
| WEC ENERGY GROUP INC | WEC | $1.5M | 15,083 | -0.08pp | 28q | -1.5%-$23.0K | |
| UNITEDHEALTH GROUP INC | UNH | $1.5M | 4,101 | -0.07pp | 28q | -1.8%-$27.5K | |
| INVESCO QQQ TR | QQQ | $1.5M | 1,981 | +0.01pp | 28q | HELD | |
| STRYKER CORPORATION | SYK | $1.4M | 5,241 | -0.07pp | 28q | -1.5%-$21.5K | |
| PHILIP MORRIS INTL INC | PM | $1.4M | 7,523 | +0.04pp | 28q | +0.6%+$8.0K | |
| ALTRIA GROUP INC | MO | $1.4M | 21,294 | -0.02pp | 28q | +1.2%+$17.4K | |
| MEDTRONIC PLC | MDT | $1.4M | 16,572 | +0.04pp | 28q | -2.4%-$34.5K | |
| FACTSET RESH SYS INC | FDS | $1.4M | 5,250 | +0.07pp | 28q | -2.0%-$29.2K | |
| DANAHER CORP DEL | DHR | $1.3M | 5,945 | +0.06pp | 28q | -2.6%-$35.2K | |
| QUALCOMM INC | QCOM | $1.2M | 6,775 | -0.01pp | 28q | -3.0%-$38.8K | |
| TEXAS INSTRS INC | TXN | $1.2M | 4,444 | -0.03pp | 26q | -2.9%-$36.7K | |
| PUBLIC STORAGE | PSA | $1.2M | 4,207 | -0.06pp | 28q | -2.5%-$30.8K | |
| MCCORMICK & CO INC | MKC | $1.1M | 24,539 | -0.03pp | 28q | -1.1%-$12.1K | |
| GENUINE PARTS CO | GPC | $1.1M | 8,974 | +0.02pp | 28q | -3.3%-$39.1K | |
| APTARGROUP INC | ATR | $1.1M | 9,254 | -0.02pp | 28q | -3.6%-$41.8K | |
| HENRY JACK & ASSOC INC | JKHY | $1.1M | 7,637 | +0.01pp | 28q | -3.6%-$40.4K | |
| ANALOG DEVICES INC | ADI | $1.0M | 2,641 | -0.02pp | 12q | -5.9%-$65.9K | |
| KEURIG DR PEPPER INC | KDP | $1.0M | 34,253 | -0.05pp | 28q | -5.9%-$64.6K | |
| CHESAPEAKE UTILS CORP | CPK | $1.0M | 7,834 | +0.01pp | 28q | -4.6%-$48.2K | |
| CARRIER GLOBAL CORPORATION | CARR | $1.0M | 18,343 | -0.13pp | 24q | -3.0%-$31.5K | |
| INVESCO EXCHANGE TRADED FD T | RSP | $984.6K | 4,733 | flat | 12q | HELD | |
| THERMO FISHER SCIENTIFIC INC | TMO | $982.6K | 1,455 | +0.08pp | 21q | -3.6%-$37.1K | |
| ROLLINS INC | ROL | $977.3K | 32,448 | -0.13pp | 28q | -1.0%-$9.6K | |
| NORFOLK SOUTHN CORP | NSC | $976.5K | 3,160 | -0.01pp | 26q | -3.8%-$38.9K | |
| NEW JERSEY RES CORP | NJR | $940.2K | 18,581 | -0.03pp | 28q | -0.7%-$6.2K | |
| BLACKROCK INC | BLK | $927.3K | 876 | +0.03pp | 8q | -0.8%-$7.4K | |
| CINTAS CORP | CTAS | $924.0K | 4,736 | +0.03pp | 16q | -4.3%-$41.9K | |
| HORMEL FOODS CORP | HRL | $923.4K | 46,310 | -0.11pp | 28q | -8.2%-$82.1K | |
| JPMORGAN CHASE & CO | JPM | $883.0K | 2,669 | +0.01pp | 28q | -0.6%-$5.3K | |
| HEICO CORP NEW | HEIA | $873.6K | 3,826 | -0.05pp | 26q | -3.9%-$35.2K | |
| CLOROX CO DEL | CLX | $846.5K | 10,448 | -0.06pp | 28q | -3.9%-$34.8K | |
| ISHARES TR | IWR | $777.3K | 7,283 | flat | 13q | HELD | |
| BROWN FORMAN CORP | BFB | $750.4K | 28,640 | -0.02pp | 28q | -6.3%-$50.6K | |
| S&P GLOBAL INC | SPGI | $687.2K | 1,742 | -0.02pp | 16q | -5.6%-$40.6K | |
| CATERPILLAR INC | CAT | $684.3K | 843 | -0.07pp | 8q | HELD | |
| ORACLE CORP | ORCL | $632.8K | 4,608 | -0.03pp | 14q | -6.0%-$40.6K | |
| ROPER TECHNOLOGIES INC | ROP | $623.5K | 1,784 | flat | 23q | -4.5%-$29.4K | |
| MGE ENERGY INC | MGEE | $587.4K | 8,457 | -0.04pp | 28q | -3.8%-$23.0K | |
| COMMERCE BANCSHARES INC | CBSH | $538.4K | 9,835 | -0.02pp | 28q | -7.1%-$40.8K | |
| FORTIVE CORP | FTV | $532.7K | 9,719 | -0.05pp | 28q | -11.8%-$71.0K | |
| CME GROUP INC | CME | $492.2K | 1,878 | +0.03pp | 8q | +2.4%+$11.5K | |
| WATERS CORP | WAT | $482.2K | 1,097 | +0.01pp | 3q | -8.7%-$45.7K | |
| INTUIT | INTU | $480.9K | 1,744 | flat | 20q | -6.6%-$34.2K | |
| OLD DOMINION FREIGHT LINE IN | ODFL | $480.7K | 2,764 | -0.05pp | 15q | -6.0%-$30.4K | |
| OTIS WORLDWIDE CORP | OTIS | $480.5K | 7,470 | -0.03pp | 21q | -5.0%-$25.4K | |
| Domino's Pizza, Inc. | DPZ | $471.0K | 1,572 | -0.02pp | 14q | -13.3%-$72.2K | |
| Dominion Energy, Inc. | D | $464.5K | 7,675 | -0.02pp | 28q | +1.0%+$4.5K | |
| ZOETIS INC | ZTS | $446.2K | 6,389 | -0.01pp | 21q | -3.9%-$18.1K | |
| EATON CORP PLC | ETN | $424.5K | 987 | flat | 4q | -1.1%-$4.7K | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $413.0K | 829 | -0.01pp | 3q | -9.0%-$40.9K | |
| AMERICAN WTR WKS CO INC NEW | AWK | $402.0K | 3,104 | -0.02pp | 21q | -13.8%-$64.5K | |
| CUMMINS INC | CMI | $390.9K | 756 | -0.05pp | 6q | -1.4%-$5.7K | |
| WATSCO INC | WSO | $382.1K | 1,262 | -0.06pp | 13q | -6.2%-$25.4K | |
| PROGRESSIVE CORP | PGR | $369.6K | 1,782 | -0.01pp | 4q | -2.5%-$9.3K | |
| DOLLAR GEN CORP | DG | $367.9K | 3,076 | flat | 28q | -7.0%-$27.7K | |
| ASML HLDG NV | ASML | $357.4K | 197 | -0.01pp | 4q | HELD | |
| IDEX CORP | IEX | $353.0K | 1,548 | -0.01pp | 5q | -8.5%-$32.8K | |
| PARKER HANNIFIN CORP | PH | $350.6K | 366 | -0.02pp | 5q | -15.1%-$62.3K | |
| VERTEX PHARMACEUTICALS INC | VRTX | $350.4K | 670 | -0.01pp | 9q | -10.8%-$42.4K | |
| METTLER TOLEDO INTERNATIONAL | MTD | $332.5K | 220 | +0.01pp | 12q | -8.7%-$31.7K | |
| ISHARES TR | IJR | $286.3K | 2,104 | -0.01pp | 12q | HELD | |
| MARZETTI COMPANY | MZTI | $283.8K | 2,861 | -0.02pp | 28q | -4.1%-$12.2K | |
| APPLIED MATLS INC | AMAT | $273.5K | 534 | -0.05pp | 3q | -8.2%-$24.6K | |
| ADVANCED MICRO DEVICES INC | AMD | $270.0K | 441 | +0.01pp | 2q | -0.7%-$1.8K | |
| BOOKING HOLDINGS INC | BKNG | $266.3K | 1,634 | -0.01pp | 5q | -3.9%-$10.9K | |
| GALLAGHER ARTHUR J CO | AJG | $262.7K | 1,151 | flat | 5q | -5.4%-$15.1K | |
| SYSCO CORP | SYY | $260.4K | 3,340 | -0.01pp | 26q | -0.9%-$2.3K | |
| KLA CORP | KLAC | $249.2K | 1,278 | -0.05pp | 2q | -2.3%-$5.8K | |
| MICRON TECHNOLOGY INC | MU | $240.2K | 225 | -0.01pp | 2q | HELD | |
| RPM INTL INC | RPM | $227.0K | 2,300 | flat | 3q | +8.4%+$17.7K | |
| VANGUARD SPECIALIZED FUNDS | VIG | $222.4K | 953 | - | new | NEW | |
| SPDR SERIES TRUST | SDY | $220.1K | 1,502 | flat | 5q | +0.6%+$1.3K | |
| VANGUARD INDEX FDS | VB | $214.2K | 752 | flat | 2q | HELD | |
| GRACO INC | GGG | $208.9K | 2,718 | -0.01pp | 8q | -13.2%-$31.7K | |
| ISHARES TR | IVV | $201.2K | 262 | - | 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 |
|---|---|---|
| Retail & Consumer | $51.3M | 18.3% |
| Software & IT Services | $26.0M | 9.3% |
| Biotech & Pharma | $24.5M | 8.7% |
| Semiconductors & Electronics | $21.6M | 7.7% |
| Chemicals | $19.2M | 6.8% |
| Food, Drink & Tobacco | $14.8M | 5.3% |
| Autos & Aerospace | $14.2M | 5.0% |
| Business Services | $13.5M | 4.8% |
| Computer Hardware | $11.6M | 4.1% |
| Industrials | $10.2M | 3.6% |
| Energy | $9.1M | 3.3% |
| Utilities | $8.3M | 3.0% |
| Other sectors | $42.8M | 15.2% |
| Not classified | $13.8M | 4.9% |
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 | -0.5% | +2.1% | -2.7% | 100% |
| Q2 2026 | +4.3% | +14.8% | -10.5% | 100% |
| Q1 2026 | -0.7% | -4.6% | +3.9% | 100% |
| Q4 2025 | -0.0% | +2.4% | -2.4% | 99% |
| Q3 2025 | +3.8% | +7.8% | -4.0% | 100% |
| Q2 2025 | +2.0% | +10.5% | -8.5% | 100% |
| Q1 2025 | +1.5% | -4.6% | +6.1% | 100% |
| Q4 2024 | -3.5% | +2.1% | -5.7% | 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 | $281.0M | 143 | 3 | 7 | 124 | 4 | 25.3% | 27 |
| Q2 2026 | $285.7M | 144 | 6 | 19 | 43 | 9 | 22.8% | 36 |
| Q1 2026 | $276.6M | 147 | 4 | 103 | 28 | 2 | 21.0% | 41 |
| Q4 2025 | $275.0M | 145 | 4 | 50 | 57 | 2 | 22.6% | 40 |
| Q3 2025 | $278.0M | 143 | 5 | 113 | 12 | 2 | 22.7% | 37 |
| Q2 2025 | $253.2M | 140 | 2 | 104 | 16 | 2 | 21.2% | 45 |
| Q1 2025 | $245.5M | 140 | 1 | 82 | 16 | 0 | 21.3% | 45 |
| Q4 2024 | $239.6M | 139 | 6 | 72 | 33 | 6 | 21.5% | 42 |
| Q3 2024 | $240.3M | 139 | 3 | 92 | 22 | 1 | 21.0% | 43 |
| Q2 2024 | $220.3M | 137 | 1 | 14 | 101 | 1 | 22.0% | 36 |
| Q1 2024 | $224.9M | 137 | 1 | 83 | 19 | 2 | 21.4% | 39 |
| Q4 2023 | $205.4M | 138 | 4 | 91 | 19 | 1 | 21.1% | 36 |
| Q3 2023 | $186.2M | 135 | 4 | 111 | 10 | 0 | 20.9% | 44 |
| Q2 2023 | $186.3M | 131 | 5 | 104 | 5 | 2 | 20.5% | 40 |
| Q1 2023 | $176.1M | 128 | 5 | 114 | 0 | 1 | 20.2% | 40 |
| Q4 2022 | $166.5M | 124 | 2 | 44 | 40 | 0 | 19.7% | 26 |
| Q3 2022 | $149.0M | 122 | 0 | 75 | 2 | 6 | 19.8% | 35 |
| Q2 2022 | $157.1M | 128 | 1 | 42 | 7 | 5 | 19.6% | 42 |
| Q1 2022 | $173.7M | 132 | 1 | 93 | 9 | 3 | 19.9% | 42 |
| Q4 2021 | $179.1M | 134 | 3 | 98 | 18 | 1 | 20.4% | 34 |
| Q3 2021 | $154.9M | 132 | 9 | 93 | 14 | 1 | 20.3% | 43 |
| Q2 2021 | $153.2M | 124 | 0 | 85 | 17 | 2 | 20.3% | 36 |
| Q1 2021 | $145.6M | 126 | 2 | 85 | 18 | 3 | 19.8% | 37 |
| Q4 2020 | $139.8M | 127 | 4 | 8 | 108 | 1 | 20.3% | 32 |
| Q3 2020 | $133.5M | 124 | 0 | 100 | 7 | 0 | 20.1% | 41 |
| Q2 2020 | $123.0M | 124 | 10 | 62 | 24 | 1 | 20.0% | 44 |
| Q1 2020 | $105.3M | 115 | 0 | 95 | 6 | 70 | 19.3% | 42 |
| Q4 2019 | $123.3M | 185 | 0 | 0 | 0 | 0 | 19.0% | 37 |
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.