DaveManuel.com · Institutional Ownership · 13F Holdings
Zullo Investment Group, Inc.
Reported holdings as of Q3 2026, from 20 quarterly filings.
Holdings
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| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| APPLE INC | AAPL | $52.3M | 156,966 | +1.29pp | 20q | -0.6%-$312.7K | |
| NVIDIA CORPORATION | NVDA | $28.0M | 122,780 | +0.66pp | 20q | HELD | |
| MICROSOFT CORP | MSFT | $17.6M | 34,337 | +1.24pp | 20q | -1.7%-$313.4K | |
| SELECT SECTOR SPDR TR | XLK | $12.5M | 64,005 | -0.21pp | 20q | -2.1%-$272.3K | |
| AMAZON COM INC | AMZN | $10.1M | 40,648 | -0.07pp | 20q | -1.0%-$98.7K | |
| META PLATFORMS INC | META | $9.0M | 12,385 | +0.50pp | 20q | -0.7%-$59.5K | |
| JPMORGAN CHASE & CO | JPM | $6.6M | 19,937 | -0.10pp | 20q | HELD | |
| ADVANCED MICRO DEVICES INC | AMD | $6.5M | 10,607 | -0.01pp | 20q | HELD | |
| ALPHABET INC | GOOG | $5.9M | 17,329 | -0.22pp | 20q | -1.8%-$107.7K | |
| SELECT SECTOR SPDR TR | XLF | $5.6M | 105,334 | -0.10pp | 20q | +0.6%+$32.2K | |
| SCHWAB STRATEGIC TR | SCHD | $4.6M | 141,591 | +0.02pp | 20q | +4.8%+$208.9K | |
| CROWDSTRIKE HLDGS INC | CRWD | $4.6M | 17,216 | +0.33pp | 20q | -1.8%-$81.5K | |
| ALPHABET INC | GOOGL | $4.0M | 11,727 | -0.13pp | 20q | HELD | |
| SELECT SECTOR SPDR TR | XLE | $4.0M | 64,894 | +0.13pp | 20q | +1.2%+$48.1K | |
| TESLA INC | TSLA | $3.6M | 10,031 | -0.30pp | 20q | -0.9%-$32.3K | |
| SELECT SECTOR SPDR TR | XLI | $3.5M | 20,884 | -0.20pp | 20q | HELD | |
| SELECT SECTOR SPDR TR | XLV | $3.5M | 20,646 | +0.02pp | 20q | +1.1%+$36.4K | |
| JOHNSON & JOHNSON | JNJ | $3.4M | 12,952 | -0.03pp | 20q | -1.1%-$37.9K | |
| SELECT SECTOR SPDR TR | XLC | $3.1M | 28,357 | -0.01pp | 20q | +1.1%+$33.2K | |
| MICRON TECHNOLOGY INC | MU | $2.9M | 2,685 | -0.04pp | 6q | +10.0%+$259.9K | |
| VANGUARD INDEX FDS | VOO | $2.8M | 4,015 | -0.03pp | 20q | HELD | |
| SEAGATE TECHNOLOGY HLDNGS PL | STX | $2.8M | 3,001 | -0.09pp | 20q | HELD | |
| WALMART INC | WMT | $2.8M | 26,616 | -0.08pp | 20q | +5.5%+$144.3K | |
| VISA INC | V | $2.6M | 7,358 | -0.01pp | 20q | HELD | |
| SELECT SECTOR SPDR TR | XLY | $2.5M | 23,217 | -0.11pp | 20q | HELD | |
| BROADCOM INC | AVGO | $2.4M | 6,949 | -0.10pp | 20q | HELD | |
| SELECT SECTOR SPDR TR | XLU | $2.4M | 60,472 | -0.15pp | 20q | +1.4%+$32.0K | |
| VANGUARD WORLD FD | VGT | $2.3M | 18,601 | -0.01pp | 20q | HELD | |
| ISHARES TR | IVV | $2.3M | 3,019 | -0.02pp | 20q | +0.6%+$14.6K | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $2.3M | 4,636 | -0.05pp | 20q | HELD | |
| HOME DEPOT INC | HD | $2.2M | 7,796 | -0.21pp | 20q | +0.8%+$18.2K | |
| GOLDMAN SACHS GROUP INC | GS | $2.2M | 2,460 | -0.13pp | 20q | +1.0%+$21.6K | |
| SELECT SECTOR SPDR TR | XLB | $2.1M | 43,706 | -0.06pp | 20q | +1.3%+$27.8K | |
| ELI LILLY & CO | LLY | $2.1M | 1,828 | -0.05pp | 20q | +2.1%+$42.8K | |
| PROCTER & GAMBLE CO | PG | $2.1M | 14,223 | -0.06pp | 20q | -1.7%-$36.3K | |
| MORGAN STANLEY | MS | $2.0M | 10,400 | -0.12pp | 20q | -1.2%-$23.7K | |
| SELECT SECTOR SPDR TR | XLP | $1.9M | 23,859 | -0.04pp | 20q | +1.9%+$36.2K | |
| NETFLIX INC. | NFLX | $1.9M | 27,064 | -0.06pp | 20q | -1.4%-$27.3K | |
| VERIZON COMMUNICATIONS INC | VZ | $1.9M | 40,782 | +0.01pp | 20q | -1.4%-$26.1K | |
| COSTCO WHOLESALE CORPORATION | COST | $1.8M | 1,958 | -0.05pp | 20q | HELD | |
| CHARLES SCHWAB CORP (THE) | SCHW | $1.7M | 17,824 | flat | 20q | HELD | |
| CISCO SYS INC | CSCO | $1.7M | 15,778 | -0.09pp | 20q | -0.5%-$8.8K | |
| FEDEX CORP | FDX | $1.7M | 5,798 | -0.09pp | 20q | HELD | |
| CATERPILLAR INC | CAT | $1.6M | 1,971 | -0.19pp | 20q | +1.2%+$19.5K | |
| PALANTIR TECHNOLOGIES INC | PLTR | $1.5M | 8,177 | +0.18pp | 11q | +2.4%+$35.7K | |
| MERCK & CO INC | MRK | $1.5M | 10,363 | +0.03pp | 20q | HELD | |
| ABBVIE INC | ABBV | $1.5M | 5,613 | flat | 20q | +1.3%+$18.6K | |
| MCDONALDS CORP | MCD | $1.5M | 6,295 | -0.13pp | 20q | -3.6%-$54.7K | |
| UNITED PARCEL SVCS INC | UPS | $1.4M | 15,421 | -0.10pp | 20q | -0.5%-$7.8K | |
| FIRST TR EXCHANGE-TRADED FD | QQEW | $1.4M | 8,650 | -0.02pp | 20q | HELD | |
| UNITEDHEALTH GROUP INC | UNH | $1.4M | 3,687 | -0.09pp | 20q | -0.7%-$9.2K | |
| CHEVRON CORPORATION | CVX | $1.3M | 6,177 | +0.06pp | 20q | +1.9%+$23.9K | |
| PPL CORP | PPL | $1.2M | 37,467 | -0.07pp | 20q | HELD | |
| SHOPIFY INC | SHOP | $1.2M | 8,298 | +0.07pp | 20q | -1.6%-$20.2K | |
| QUALCOMM INC | QCOM | $1.2M | 6,545 | -0.03pp | 20q | -1.3%-$15.3K | |
| EXXONMOBIL HOLDINGS CORP | XOM | $1.2M | 7,399 | - | new | NEW | |
| BOEING CO | BA | $1.2M | 6,426 | -0.09pp | 20q | -0.8%-$9.1K | |
| PIMCO CORPORATE & INCOME OPP | PTY | $1.2M | 107,431 | -0.11pp | 10q | -9.9%-$129.3K | |
| SELECT SECTOR SPDR TR | XLRE | $1.1M | 26,807 | -0.04pp | 20q | +2.9%+$31.3K | |
| INTERNATIONAL BUSINESS MACHS | IBM | $1.1M | 4,866 | -0.09pp | 20q | +7.2%+$72.1K | |
| ANALOG DEVICES INC | ADI | $1.0M | 2,587 | -0.03pp | 20q | -2.6%-$27.0K | |
| FREEPORT-MCMORAN INC | FCX | $931.8K | 13,311 | flat | 20q | -5.4%-$53.1K | |
| INVESCO QQQ TR | QQQ | $877.5K | 1,186 | -0.02pp | 20q | -1.6%-$14.1K | |
| RTX CORPORATION | RTX | $876.5K | 4,721 | -0.02pp | 20q | HELD | |
| LOCKHEED MARTIN CORP | LMT | $868.4K | 1,705 | -0.02pp | 20q | HELD | |
| SSGA ACTIVE TR | XLSR | $862.9K | 12,993 | -0.03pp | 3q | -5.9%-$54.0K | |
| TARGET CORP | TGT | $858.4K | 5,478 | +0.03pp | 20q | HELD | |
| PRUDENTIAL FINL INC | PRU | $857.6K | 7,550 | flat | 20q | -1.3%-$11.1K | |
| LAM RESEARCH CORP | LRCX | $855.5K | 2,604 | -0.11pp | 8q | HELD | |
| PALO ALTO NETWORKS INC | PANW | $841.5K | 2,118 | +0.03pp | 14q | HELD | |
| SERVICENOW INC | NOW | $796.0K | 5,940 | +0.06pp | 20q | +4.5%+$34.2K | |
| LOWES COS INC | LOW | $795.5K | 4,316 | -0.07pp | 20q | HELD | |
| SPACE EXPLORATION TECHN CORP | SPCX | $795.3K | 5,272 | +0.07pp | 2q | +62.1%+$304.6K | |
| COCA COLA CO | KO | $791.5K | 9,195 | flat | 20q | +1.7%+$13.3K | |
| SALESFORCE INC | CRM | $777.9K | 3,388 | +0.07pp | 20q | +1.8%+$13.8K | |
| PEPSICO INC | PEP | $776.3K | 6,126 | -0.03pp | 20q | -0.6%-$4.7K | |
| MARATHON PETE CORP | MPC | $760.8K | 1,924 | +0.08pp | 20q | HELD | |
| PHILIP MORRIS INTL INC | PM | $749.2K | 3,926 | flat | 20q | HELD | |
| STATE STR SPDR S&P 500 ETF T | SPY | $746.6K | 979 | -0.01pp | 20q | -2.5%-$19.1K | |
| UBER TECHNOLOGIES INC | UBER | $730.1K | 10,657 | -0.06pp | 20q | -11.0%-$90.5K | |
| BANK OF AMER CORP | BAC | $710.1K | 13,045 | -0.02pp | 20q | HELD | |
| ISHARES TR | ITOT | $700.9K | 4,215 | -0.02pp | 20q | -3.3%-$24.1K | |
| NEXTERA ENERGY INC | NEE | $693.1K | 9,150 | -0.05pp | 20q | -1.2%-$8.5K | |
| INTEL CORP | INTC | $678.2K | 5,640 | -0.03pp | 5q | +9.9%+$61.3K | |
| CITIGROUP INC | C | $676.6K | 5,225 | -0.03pp | 12q | HELD | |
| ILLINOIS TOOL WKS INC | ITW | $664.8K | 2,583 | -0.02pp | 20q | HELD | |
| MASTERCARD INCORPORATED | MA | $625.6K | 1,134 | flat | 20q | HELD | |
| SPOTIFY TECHNOLOGY S A | SPOT | $611.7K | 1,255 | flat | 12q | +0.8%+$4.9K | |
| ISHARES TR | IJH | $609.0K | 8,464 | -0.03pp | 20q | -2.5%-$15.6K | |
| ARM HOLDINGS PLC | ARM | $575.0K | 1,985 | -0.06pp | 10q | -0.9%-$5.5K | |
| VANGUARD INDEX FDS | VUG | $562.3K | 6,240 | flat | 20q | HELD | |
| PHILLIPS 66 | PSX | $558.6K | 2,187 | +0.05pp | 13q | HELD | |
| VALERO ENERGY CORP | VLO | $551.1K | 1,421 | +0.05pp | 6q | HELD | |
| DISNEY WALT CO | DIS | $543.7K | 5,183 | flat | 20q | -4.5%-$25.8K | |
| GENERAL DYNAMICS CORP | GD | $529.8K | 1,596 | -0.02pp | 20q | HELD | |
| ISHARES TR | HDV | $524.2K | 18,750 | -0.01pp | 20q | HELD | |
| NUCOR CORP | NUE | $513.1K | 2,195 | flat | 20q | +0.7%+$3.5K | |
| 3M CO | MMM | $509.5K | 3,103 | -0.01pp | 20q | HELD | |
| ISHARES TR | IWM | $503.4K | 1,811 | -0.01pp | 20q | +9.6%+$43.9K | |
| AMERICAN EXPRESS CO | AXP | $499.1K | 1,641 | -0.03pp | 20q | -1.7%-$8.8K | |
| WELLS FARGO & CO | WFC | $475.4K | 5,938 | -0.01pp | 20q | HELD | |
| VANECK ETF TRUST | SMH | $471.1K | 773 | -0.02pp | 6q | HELD | |
| ALTRIA GROUP INC | MO | $459.2K | 6,819 | -0.02pp | 20q | -0.6%-$2.6K | |
| ISHARES TR | IVW | $456.4K | 3,208 | +0.02pp | 20q | +14.9%+$59.3K | |
| MARVELL TECHNOLOGY INC | MRVL | $456.1K | 1,726 | -0.03pp | 2q | HELD | |
| AUTOMATIC DATA PROCESSING IN | ADP | $450.6K | 1,746 | +0.01pp | 20q | -3.8%-$17.8K | |
| AMGEN INC | AMGN | $448.0K | 1,062 | +0.01pp | 20q | -3.9%-$18.1K | |
| CUMMINS INC | CMI | $441.7K | 855 | -0.07pp | 11q | HELD | |
| ISHARES TR | IXN | $419.9K | 2,833 | flat | 14q | HELD | |
| WASTE MGMT INC DEL | WM | $418.8K | 2,053 | -0.02pp | 20q | -0.8%-$3.5K | |
| VANGUARD WHITEHALL FDS | VYM | $410.5K | 2,645 | +0.02pp | 2q | +21.6%+$72.9K | |
| J P MORGAN EXCHANGE TRADED F | JEPI | $382.8K | 6,809 | +0.04pp | 2q | +65.5%+$151.6K | |
| MICROCHIP TECHNOLOGY INC. | MCHP | $370.8K | 4,768 | -0.03pp | 20q | -2.1%-$8.1K | |
| L3HARRIS TECHNOLOGIES INC | LHX | $368.2K | 1,554 | -0.04pp | 20q | -0.9%-$3.3K | |
| SANDISK CORP | SNDK | $356.7K | 205 | -0.04pp | 2q | HELD | |
| PROSHARES TR | QLD | $344.7K | 3,604 | -0.01pp | 6q | HELD | |
| ABBOTT LABORATORIES | ABT | $343.9K | 3,479 | flat | 20q | -4.3%-$15.5K | |
| ALLSTATE CORP | ALL | $339.2K | 1,529 | -0.02pp | 12q | -6.5%-$23.5K | |
| BLACKROCK INC | BLK | $338.7K | 320 | flat | 8q | -0.6%-$2.1K | |
| FIRST TR EXCHANGE TRADED FD | RDVY | $337.1K | 4,305 | -0.01pp | 19q | HELD | |
| ORACLE CORP | ORCL | $334.0K | 2,432 | -0.01pp | 14q | +4.3%+$13.9K | |
| VERTEX PHARMACEUTICALS INC | VRTX | $333.6K | 638 | flat | 20q | -3.3%-$11.5K | |
| FIDELITY D & D BANCORP INC | FDBC | $322.8K | 5,943 | flat | 20q | HELD | |
| APPLIED MATLS INC | AMAT | $318.7K | 623 | -0.05pp | 3q | -1.1%-$3.6K | |
| CHUBB LIMITED | CB | $315.5K | 970 | -0.01pp | 11q | -1.4%-$4.6K | |
| AIR PRODUCTS AND CHEMICALS I | APD | $304.8K | 1,095 | -0.01pp | 20q | HELD | |
| FEDEX FGHT HLDG CO INC | FDXF | $303.6K | 2,776 | - | new | NEW | |
| AFLAC INC | AFL | $299.1K | 2,676 | -0.01pp | 20q | -1.7%-$5.0K | |
| ISHARES TR | IEFA | $294.8K | 3,042 | -0.01pp | 20q | -1.3%-$3.9K | |
| TWILIO INC | TWLO | $292.5K | 1,000 | +0.02pp | 2q | HELD | |
| ISHARES TR | ITA | $291.8K | 1,408 | -0.01pp | 5q | +12.2%+$31.7K | |
| VANGUARD SPECIALIZED FUNDS | VIG | $291.6K | 1,250 | -0.01pp | 12q | HELD | |
| STARBUCKS CORP | SBUX | $281.6K | 2,996 | -0.02pp | 20q | -4.5%-$13.2K | |
| ISHARES TR | IYW | $269.7K | 1,018 | flat | 2q | HELD | |
| PNC FINL SVCS GROUP INC | PNC | $269.3K | 1,211 | -0.01pp | 13q | HELD | |
| ISHARES TR | IVE | $267.8K | 1,173 | +0.01pp | 3q | +14.6%+$34.0K | |
| SCHWAB STRATEGIC TR | SCHO | $243.9K | 10,223 | -0.01pp | 13q | -3.2%-$8.0K | |
| JOHNSON CONTROLS INTERNATION | JCI | $242.6K | 1,632 | -0.01pp | 4q | -4.3%-$11.0K | |
| NORTHWEST BANCSHARES INC | NWBI | $239.2K | 16,118 | -0.01pp | 5q | HELD | |
| DEERE CO | DE | $234.4K | 349 | flat | 2q | HELD | |
| SOUTHERN CO | SO | $231.8K | 2,796 | -0.02pp | 20q | -4.0%-$9.7K | |
| ISHARES TR | IJR | $231.3K | 1,700 | -0.02pp | 20q | -10.6%-$27.5K | |
| COLGATE PALMOLIVE CO | CL | $227.8K | 2,669 | -0.01pp | 20q | +0.6%+$1.5K | |
| VANGUARD TAX-MANAGED FDS | VEA | $222.8K | 3,156 | -0.01pp | 4q | -8.0%-$19.3K | |
| WW GRAINGER INC | GWW | $217.7K | 174 | -0.01pp | 3q | -4.4%-$10.0K | |
| SSGA ACTIVE TR | PRIV | $217.6K | 9,050 | -0.01pp | 6q | HELD | |
| NORFOLK SOUTHN CORP | NSC | $214.8K | 695 | -0.01pp | 9q | -3.3%-$7.4K | |
| THERMO FISHER SCIENTIFIC INC | TMO | $213.0K | 315 | - | new | NEW | |
| KINDER MORGAN INC DEL | KMI | $212.9K | 7,062 | -0.01pp | 3q | +1.3%+$2.7K | |
| VANGUARD WORLD FD | VDE | $207.5K | 1,205 | - | new | NEW | |
| WESTERN DIGITAL CORP | WDC | $206.9K | 455 | -0.03pp | 2q | +1.1%+$2.3K | |
| EQUIFAX INC | EFX | $200.9K | 1,464 | - | new | NEW | |
| MEDTRONIC PLC | MDT | $200.1K | 2,319 | - | new | NEW | |
| CLEVELAND-CLIFFS INC NEW | CLF | $155.2K | 14,100 | +0.02pp | 3q | +33.5%+$39.0K | |
| INVESCO TR INVT GRADE MUNS | VGM | $116.8K | 13,500 | -0.01pp | 20q | HELD | |
| SATELLOGIC INC | SATL | $66.9K | 12,090 | flat | 3q | 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 |
|---|---|---|
| Computer Hardware | $59.2M | 19.1% |
| Software & IT Services | $47.3M | 15.3% |
| Semiconductors & Electronics | $44.5M | 14.4% |
| Retail & Consumer | $20.3M | 6.5% |
| Banks & Lending | $9.8M | 3.2% |
| Biotech & Pharma | $9.6M | 3.1% |
| Autos & Aerospace | $7.4M | 2.4% |
| Capital Markets | $6.3M | 2.0% |
| Insurance | $5.5M | 1.8% |
| Telecom & Media | $4.9M | 1.6% |
| Other sectors | $29.1M | 9.4% |
| Not classified | $65.8M | 21.2% |
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 | +5.4% | +2.1% | +3.3% | 100% |
| Q2 2026 | +14.1% | +14.8% | -0.7% | 100% |
| Q1 2026 | -4.9% | -4.6% | -0.3% | 100% |
| Q4 2025 | +2.2% | +2.4% | -0.2% | 100% |
| Q3 2025 | +9.7% | +7.8% | +1.8% | 100% |
| Q2 2025 | +9.7% | +10.5% | -0.8% | 100% |
| Q1 2025 | -5.5% | -4.6% | -1.0% | 100% |
| Q4 2024 | +3.3% | +2.1% | +1.2% | 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 | $309.7M | 156 | 6 | 38 | 57 | 7 | 49.8% | 20 |
| Q2 2026 | $293.1M | 157 | 12 | 16 | 91 | 13 | 46.8% | 31 |
| Q1 2026 | $263.5M | 158 | 12 | 61 | 43 | 8 | 46.0% | 15 |
| Q4 2025 | $273.4M | 154 | 6 | 21 | 85 | 4 | 49.4% | 26 |
| Q3 2025 | $270.4M | 152 | 7 | 51 | 39 | 7 | 49.2% | 23 |
| Q2 2025 | $246.6M | 152 | 11 | 47 | 58 | 5 | 47.6% | 24 |
| Q1 2025 | $233.2M | 146 | 3 | 53 | 48 | 5 | 45.2% | 31 |
| Q4 2024 | $247.7M | 148 | 6 | 35 | 69 | 8 | 48.3% | 34 |
| Q3 2024 | $240.9M | 150 | 4 | 42 | 57 | 5 | 46.4% | 15 |
| Q2 2024 | $227.8M | 151 | 5 | 56 | 49 | 8 | 46.4% | 44 |
| Q1 2024 | $213.4M | 154 | 8 | 65 | 36 | 4 | 43.0% | 24 |
| Q4 2023 | $195.2M | 150 | 14 | 69 | 30 | 3 | 43.0% | 19 |
| Q3 2023 | $170.7M | 139 | 4 | 80 | 27 | 3 | 42.7% | 19 |
| Q2 2023 | $175.2M | 138 | 6 | 49 | 53 | 3 | 43.7% | 19 |
| Q1 2023 | $160.5M | 135 | 0 | 85 | 31 | 632 | 41.5% | 25 |
| Q4 2022 | $163.4M | 767 | 31 | 153 | 108 | 22 | 33.1% | 45 |
| Q3 2022 | $154.9M | 758 | 13 | 188 | 135 | 26 | 35.4% | 39 |
| Q2 2022 | $160.0M | 771 | 13 | 178 | 185 | 27 | 34.3% | 42 |
| Q1 2022 | $192.5M | 785 | 28 | 198 | 177 | 48 | 36.1% | 46 |
| Q4 2021 | $194.3M | 805 | 0 | 0 | 0 | 0 | 35.6% | 47 |
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.