HolderBook

FIRST FINANCIAL BANK - TRUST DIVISION

Reported holdings as of Q2 2026, from 31 quarterly filings.

CIK
1315339
Reported value
$1.4B
Positions
208
Top 10 weight
42.7%
Filed
2026-07-01
Days after quarter end
1

Holdings

SecurityTickerValue SharesWeightWeight change Held Change
ISHARES TRIEFA$135.9M1,406,6509.69%-0.30pp31q+2.6%+$3.5M
ISHARES TRIWM$73.0M242,9755.21%-0.04pp31q-7.5%-$5.9M
ISHARES TRIVV$70.3M93,8775.02%+0.49pp31q+9.1%+$5.9M
STATE STR SPDR S&P 500 ETF TSPY$67.2M89,9274.79%+0.02pp31q-1.4%-$937.2K
ISHARES TRIJR$54.3M366,1753.87%+0.46pp31q+7.5%+$3.8M
ISHARES INCIEMG$43.0M519,6753.07%+0.19pp31q+1.3%+$571.3K
J P MORGAN EXCHANGE TRADED FJIRE$41.8M506,5002.98%-0.07pp8q+1.3%+$537.5K
J P MORGAN EXCHANGE TRADED FJEPI$41.3M731,1002.95%+0.04pp5q+14.8%+$5.3M
ISHARES TRIEF$36.3M384,0212.59%-0.12pp12q+8.8%+$2.9M
APPLE INCAAPL$35.5M122,5872.53%+0.04pp31q+0.7%+$232.4K
DIMENSIONAL ETF TRUSTDFEM$33.2M817,9382.37%-0.15pp3q-9.7%-$3.6M
PROCTER & GAMBLE COPG$31.6M215,2492.25%-0.33pp31q-3.1%-$1.0M
1ST FINL BANCORPFFBC$28.3M836,1352.02%+0.17pp31q+1.8%+$499.4K
ALPHABET INCGOOGL$28.2M79,0162.01%+0.14pp31q-2.4%-$695.1K
MICROSOFT CORPMSFT$26.4M70,6641.88%-0.17pp31q+2.7%+$699.8K
JPMORGAN CHASE & COJPM$23.6M72,0921.68%-0.08pp31q-3.1%-$763.3K
CORNING INCGLW$22.8M89,1501.62%+0.65pp9qHELD
CINCINNATI FINL CORPCINF$21.0M113,1651.49%+0.04pp31q-1.8%-$374.9K
CATERPILLAR INCCAT$19.7M18,4571.40%+0.35pp24qHELD
SELECT SECTOR SPDR TRXLU$18.4M406,6791.32%-0.13pp31q+3.8%+$676.9K
AMAZON COM INCAMZN$17.7M74,4621.27%+0.08pp31q+5.2%+$880.0K
NVIDIA CORPORATIONNVDA$17.5M87,4841.25%+0.32pp9q+31.8%+$4.2M
EATON CORP PLCETN$15.2M35,6961.09%+0.08pp31q+2.0%+$296.2K
BROADCOM INCAVGO$14.7M39,0291.05%+0.11pp8q+3.5%+$503.2K
ISHARES TRMUB$14.7M136,1741.05%-0.16pp16q-3.5%-$537.9K
ISHARES TRIVW$13.1M95,4630.94%flat23q-7.0%-$993.9K
INTERNATIONAL BUSINESS MACHSIBM$12.9M45,8650.92%+0.04pp31q+2.0%+$257.0K
VISA INCV$12.9M37,4540.92%+0.01pp31q+1.0%+$133.5K
RTX CORPORATIONRTX$12.7M66,8100.90%-0.09pp24q+4.1%+$496.7K
INVESCO EXCHANGE TRADED FD TRSP$12.1M57,0220.87%+0.03pp11q+6.0%+$682.4K
ISHARES TRVLUE$12.0M60,2490.86%+0.10pp23q-9.4%-$1.2M
STATE STR SPDR S&P MIDCAP 40MDY$12.0M17,0930.86%+0.05pp31q+5.0%+$567.6K
BANK OF AMER CORPBAC$11.5M201,4180.82%+0.05pp26q+3.3%+$367.1K
STRYKER CORPORATIONSYK$11.1M35,1650.79%-0.12pp31q+2.1%+$227.9K
ISHARES TRIEI$10.6M89,8300.75%-0.05pp16q+7.0%+$692.1K
ISHARES TREFA$10.1M96,7710.72%-0.05pp31q-0.8%-$82.4K
HARTFORD INSURANCE GROUP INCHIG$9.7M72,9030.69%-0.07pp15q+5.0%+$462.8K
ABBOTT LABORATORIESABT$9.1M100,3030.65%-0.17pp31q+1.4%+$127.6K
VANGUARD MUN BD FDSVTEI$8.8M87,0550.63%+0.02pp6q+15.6%+$1.2M
EXXON MOBIL CORPXOMXXXX$8.6M62,7760.61%-0.23pp31q+1.7%+$141.9K
ISHARES TRITOT$8.5M51,8890.61%-0.01pp31q-4.3%-$387.5K
PEPSICO INCPEP$8.2M60,4780.58%-0.15pp31q+2.5%+$200.9K
GILEAD SCIENCES INCGILD$8.0M63,4230.57%-0.12pp31q+3.5%+$273.4K
ISHARES TREEM$7.9M116,0040.57%+0.03pp31q-1.1%-$87.6K
LOWES COS INCLOW$7.7M34,7020.55%-0.10pp31q+1.6%+$121.9K
ROSS STORES INCROST$7.4M34,9720.53%-0.09pp11q-1.5%-$113.2K
QUALCOMM INCQCOM$6.8M37,0290.49%+0.11pp31q+1.9%+$129.9K
DISNEY WALT CODIS$6.8M70,4530.48%-0.05pp31q+2.7%+$179.8K
ABBVIE INCABBV$6.5M25,8750.46%+0.03pp23q+3.9%+$247.4K
ECOLAB INCECL$6.4M22,9630.46%-0.03pp31q+2.1%+$129.3K
SELECT SECTOR SPDR TRXLK$6.3M33,2150.45%+0.09pp31q-1.7%-$106.7K
CHEVRON CORPORATIONCVX$6.1M36,5400.43%-0.16pp31q+2.2%+$128.0K
DARDEN RESTAURANTS INCDRI$5.7M27,5530.40%-0.01pp31q+3.7%+$204.8K
VANGUARD SCOTTSDALE FDSVMBS$5.6M119,0480.40%+0.06pp19q+34.1%+$1.4M
GENERAL MTRS COGM$5.0M64,6060.36%-0.09pp11q-13.2%-$755.2K
VANGUARD INDEX FDSVTV$4.9M22,6810.35%-0.02pp31q-3.9%-$200.3K
JOHNSON & JOHNSONJNJ$4.5M17,8780.32%-0.04pp31q-2.7%-$125.7K
SELECT SECTOR SPDR TRXLF$4.5M83,6630.32%+0.01pp13q+6.8%+$283.9K
HONEYWELL AEROSPACE INCHONA$4.3M19,1760.31%-newNEW
HONEYWELL INTL INCHON$4.3M19,1690.31%-newNEW
LINDE PLCLIN$4.3M8,2440.31%-0.01pp10q+4.6%+$187.3K
SELECT SECTOR SPDR TRXLV$4.2M26,4150.30%+0.01pp31q+8.1%+$314.5K
CHECK POINT SOFTWARE TECH LTCHKP$4.1M31,4470.29%-0.11pp9q-11.3%-$524.3K
TE CONNECTIVITY PLCTEL$4.0M19,9890.29%+0.24pp7q+550.9%+$3.4M
ORACLE CORPORCL$4.0M27,2030.28%-0.04pp31qHELD
PFIZER INCPFE$4.0M164,8980.28%-0.08pp31q+3.9%+$149.2K
INTEL CORPINTC$3.9M27,5760.27%+0.17pp31q-5.9%-$242.3K
SELECT SECTOR SPDR TRXLI$3.8M20,5560.27%+0.01pp11q+3.9%+$143.9K
SELECT SECTOR SPDR TRXLP$3.5M41,9930.25%-0.01pp16q+7.5%+$243.0K
DOLLAR TREE INCDLTR$3.5M28,6480.25%+0.03pp5q+15.1%+$455.4K
ISHARES TRSOXX$3.4M5,3490.24%+0.10pp31qHELD
MERCK & CO INCMRK$3.4M26,1280.24%-0.01pp31qHELD
EQT CORPEQT$3.3M62,6900.24%-0.09pp3q-2.5%-$85.2K
PHILIP MORRIS INTL INCPM$3.3M18,3960.24%+0.05pp31q+30.5%+$777.2K
FIRST MERCHANTS CORPFRME$3.3M75,7790.24%flat31qHELD
DEERE & CODE$3.3M5,1650.23%flat31qHELD
REALTY INCOME CORPO$3.3M52,7240.23%flat8q+9.4%+$279.6K
FREEPORT-MCMORAN INCFCX$3.2M50,8710.23%flat10q+4.8%+$145.7K
TJX COS INC NEWTJX$3.1M20,7170.22%-0.05pp31q-1.1%-$33.3K
CISCO SYS INCCSCO$3.1M26,5240.22%+0.01pp31q-21.0%-$829.6K
J P MORGAN EXCHANGE TRADED FJMUB$2.9M57,6740.21%+0.01pp5q+18.6%+$457.5K
XYLEM INCXYL$2.8M23,6840.20%-0.03pp3qHELD
MEDTRONIC PLCMDT$2.8M35,6570.20%+0.02pp31q+38.4%+$773.5K
SALESFORCE INCCRM$2.7M17,3150.19%-0.12pp6q-15.7%-$505.4K
MCDONALDS CORPMCD$2.6M9,6920.19%-0.07pp31q-4.0%-$110.3K
COMFORT SYS USA INCFIX$2.4M1,2040.17%-newNEW
GE AEROSPACEGE$2.4M6,3510.17%+0.02pp19qHELD
ALPHABET INCGOOG$2.2M6,0880.15%+0.01pp31q-2.4%-$51.9K
ISHARES TRESGD$2.1M20,0180.15%-0.01pp25q-0.7%-$14.3K
SHERWIN WILLIAMS COSHW$2.0M5,6650.14%-0.03pp2q-13.3%-$298.9K
BERKSHIRE HATHAWAY INC DELBRKB$1.9M3,8280.14%-0.01pp31q-1.1%-$21.5K
ADOBE INCADBE$1.9M9,3230.14%-0.04pp3q+1.4%+$26.4K
GOLDMAN SACHS GROUP INCGS$1.9M1,8560.13%+0.01pp31qHELD
WALMART INCWMT$1.9M16,5160.13%-0.03pp31q-1.0%-$18.3K
SPDR SERIES TRUSTSPAB$1.8M68,7190.13%+0.01pp6q+26.4%+$366.8K
INTUITINTU$1.7M6,6110.12%-0.13pp31q-8.5%-$159.7K
BLACKROCK INCBLK$1.6M1,6570.11%-0.01pp6q+1.0%+$15.4K
VANGUARD INDEX FDSVNQ$1.6M16,3890.11%-0.01pp31q-3.9%-$64.5K
ELI LILLY & COLLY$1.6M1,3030.11%+0.02pp31q+7.2%+$104.4K
ISHARES TRIWR$1.5M13,6980.11%flat31q-2.0%-$30.3K
ISHARES TRGVI$1.5M13,9080.11%-0.05pp17q-24.0%-$465.4K
WELLS FARGO & COWFC$1.5M17,8240.11%-0.01pp31q-4.2%-$64.1K
US BANCORPUSB$1.4M23,9600.10%flat31qHELD
VANGUARD INDEX FDSVOO$1.4M2,0340.10%flat9qHELD
FASTENAL COFAST$1.4M28,3280.10%-0.01pp31q-4.1%-$57.5K
BOEING COBA$1.3M6,1830.10%flat31qHELD
MUTUAL FUNDS-EQUITY RPS$1.3M10.09%-0.01pp15qHELD
COCA COLA COKO$1.3M15,7710.09%flat31qHELD
LOCKHEED MARTIN CORPLMT$1.3M2,4610.09%-0.03pp31qHELD
VANGUARD SCOTTSDALE FDSVTHR$1.2M3,7430.09%flat17qHELD
ISHARES TRQUAL$1.2M5,5120.09%flat31q-4.8%-$61.0K
WORLD GOLD TRGLDM$1.2M15,1760.09%-0.03pp5qHELD
ALLSTATE CORPALL$1.2M4,8440.08%flat31qHELD
ISHARES TRIJH$1.1M14,6190.08%+0.02pp4q+22.7%+$208.4K
NUCOR CORPNUE$1.1M4,8900.08%+0.01pp31qHELD
CNO FINL GROUP INCCNO$1.0M20,3370.07%+0.02pp9q+21.3%+$182.2K
VANGUARD INDEX FDSVOT$1.0M3,3280.07%flat31qHELD
HOME DEPOT INCHD$1.0M2,8620.07%flat31q+2.2%+$21.9K
CUMMINS INCCMI$985.7K1,3820.07%+0.01pp31q-2.5%-$25.7K
3M COMMM$960.9K5,9350.07%flat31q-1.5%-$14.7K
OMNICOM GROUP INCOMC$924.4K12,6930.07%-0.01pp31q-4.5%-$43.6K
MORGAN STANLEYMS$908.9K4,3480.06%+0.01pp25q+2.2%+$19.9K
AUTOMATIC DATA PROCESSING INADP$863.8K3,8570.06%flat31qHELD
ISHARES TRUSMV$852.3K8,8360.06%-0.01pp31q-6.6%-$60.7K
CBOE GLOBAL MKTS INCCBOE$781.6K3,2210.06%-0.35pp13q-82.0%-$3.6M
VERIZON COMMUNICATIONS INCVZ$763.5K18,0320.05%-0.02pp31q-3.2%-$25.4K
TRINITY CAP INCTRIN$762.5K42,6230.05%flat9qHELD
BP PLCBP$746.1K20,1920.05%-0.02pp31q-1.1%-$8.2K
SPDR GOLD TRGLD$746.0K2,0250.05%-0.02pp31qHELD
META PLATFORMS INCMETA$741.3K1,3160.05%flat14q+6.0%+$42.2K
TESLA INCTSLA$709.6K1,6870.05%flat5qHELD
DUKE ENERGY CORP NEWDUK$706.2K5,5790.05%-0.01pp31q+4.7%+$31.5K
COLGATE PALMOLIVE COCL$702.3K7,6600.05%flat31q-3.7%-$27.0K
ANNALY CAPITAL MANAGEMENT INNLY$702.2K31,4030.05%flat9qHELD
UNION PAC CORPUNP$693.1K2,5480.05%flat31qHELD
GE VERNOVA INCGEV$622.7K5300.04%+0.01pp8q-3.3%-$21.1K
CIM$613.6K613,6210.04%-0.01pp16q+1.0%+$6.1K
NIKE INCNKE$602.3K14,6720.04%-0.03pp31q-15.5%-$110.8K
ISHARES TRIJS$592.6K4,3360.04%flat25qHELD
CLARION$592.3K592,3140.04%flat16q+3.7%+$21.4K
TARGET CORPTGT$558.9K4,2790.04%flat31qHELD
NORFOLK SOUTHN CORPNSC$549.9K1,7480.04%flat31qHELD
SPDR SERIES TRUSTSPYV$546.7K8,9930.04%flat9qHELD
SANDISK CORPSNDK$545.7K2400.04%-newNEW
VANGUARD INDEX FDSVV$525.8K1,5290.04%flat25qHELD
GENERAL DYNAMICS CORPGD$514.4K1,4520.04%flat31q+0.7%+$3.5K
CONOCOPHILLIPSCOP$511.7K4,9220.04%-0.02pp31qHELD
EQUIFAX INCEFX$507.4K3,1970.04%-0.01pp31q-2.5%-$13.0K
PNC FINL SVCS GROUP INCPNC$501.1K2,0350.04%flat31qHELD
STEEL DYNAMICS INCSTLD$499.5K2,1770.04%flat15qHELD
WATERS CORPWAT$498.8K1,3300.04%flat31qHELD
ISHARES TRAGG$493.7K4,9880.04%flat31q+9.8%+$43.9K
ACCENTURE PLC IRELANDACN$487.6K3,9180.03%-0.03pp31q-2.0%-$9.8K
BRISTOL-MYERS SQUIBB COBMY$487.2K8,4550.03%-0.01pp31q+1.2%+$5.8K
TRANE TECHNOLOGIES PLCTT$469.5K9560.03%flat25qHELD
EMERSON ELEC COEMR$468.7K3,2740.03%flat31q-1.9%-$8.9K
DELTA AIR LINES INCDAL$463.5K4,9490.03%+0.01pp5q+4.8%+$21.4K
ISHARES TRIJT$462.8K2,5910.03%+0.01pp14q+40.5%+$133.4K
PROSHARES TRTOLZ$459.5K7,7520.03%flat4q+5.8%+$25.2K
STOCK YDS BANCORP INCSYBT$448.6K5,8660.03%flat25qHELD
CANADIAN NATL RY COCNI$442.3K3,7090.03%flat31q-1.5%-$6.8K
JOHNSON CONTROLS INTERNATIONJCI$431.3K2,9520.03%flat10q+0.6%+$2.8K
AMERICAN EXPRESS COAXP$430.9K1,2740.03%flat31qHELD
ALTRIA GROUP INCMO$409.1K5,6860.03%flat31qHELD
VANGUARD INTL EQUITY INDEX FVWO$404.7K6,7800.03%flat9qHELD
GLOBAL X FDSCATH$400.2K4,5220.03%flat9q+8.5%+$31.5K
ASTRAZENECA PLCAZN$397.8K2,0980.03%-newNEW
RICHMOND MUT BANCORPORATIONRMBI$394.8K24,8590.03%flat4qHELD
VANGUARD INDEX FDSVO$379.3K4,7080.03%flat31q+300.0%+$284.5K
VANGUARD TAX-MANAGED FDSVEA$379.2K5,3220.03%flat9qHELD
CHURCH & DWIGHT CO INCCHD$376.3K3,8840.03%flat31qHELD
PHILLIPS 66PSX$372.8K2,2050.03%-0.01pp23q+1.3%+$4.7K
APPLIED MATLS INCAMAT$365.8K5060.03%-newNEW
QUEST DIAGNOSTICS INCDGX$365.8K1,7260.03%flat27q-1.5%-$5.7K
CSX CORPCSX$354.5K7,4580.03%flat31qHELD
FS KKR CAP CORPFSK$352.1K33,5340.03%flat9qHELD
COSTCO WHOLESALE CORPORATIONCOST$338.6K3620.02%flat16q+5.5%+$17.8K
TEXAS PACIFIC LAND CORPORATITPL$328.7K7510.02%-0.01pp2qHELD
JACOBS SOLUTIONS INCJ$323.9K2,5710.02%flat15qHELD
ELEVANCE HEALTH INC FORMERLYELV$320.2K8280.02%flat28q-9.6%-$34.0K
BARON ETF TRRONB$315.2K12,9170.02%-newNEW
Fidelity Equity Income Fd$311.5K3,3980.02%flat11q+9.2%+$26.1K
HORIZON TECHNOLOGY FIN CORPHRZN$310.2K65,5730.02%flat9qHELD
AT&T INCT$305.7K14,7660.02%-0.01pp31q+0.9%+$2.7K
ISHARES TRACWX$286.0K3,7580.02%flat6qHELD
SYSCO CORPSYY$284.8K3,4070.02%flat31qHELD
CINTAS CORPCTAS$282.0K1,6580.02%-newNEW
UNITED PARCEL SVCS INCUPS$279.3K2,5980.02%flat31q-9.3%-$28.6K
TEXAS INSTRS INCTXN$274.2K9200.02%-newNEW
PAYCHEX INCPAYX$272.5K2,7710.02%flat31qHELD
YUM BRANDS INCYUM$272.1K1,7020.02%flat31qHELD
PARTNERS GROUP PRIVATE EQUITY$271.5K123,1700.02%flat3qHELD
NETFLIX INCNFLX$252.0K3,5300.02%-0.01pp11q+0.6%+$1.4K
OSHKOSH CORPOSK$247.4K1,6120.02%flat5qHELD
COMCAST CORP NEWCMCSA$245.2K9,9870.02%-0.01pp31q-9.8%-$26.7K
TRAVELERS COMPANIES INCTRV$239.0K7240.02%flat10qHELD
TURNING PT BRANDS INCTPB$235.8K2,7800.02%flat17qHELD
MARKEL GROUP INCMKL$234.4K1200.02%flat7qHELD
KIMBERLY-CLARK CORPKMB$232.1K2,1140.02%flat31q-13.9%-$37.3K
UNITEDHEALTH GROUP INCUNH$231.1K5560.02%-newNEW
ROYAL CARIBBEAN GROUPRCL$219.4K6910.02%-0.03pp9q-68.7%-$482.3K
ISHARES TRIWD$217.2K8960.02%-newNEW
VANGUARD WORLD FDVGT$216.1K1,8080.02%-newNEW
MOOG INCMOGA$208.5K4920.01%-newNEW
STARBUCKS CORPSBUX$207.4K2,0300.01%-newNEW
SMUCKER J M COSJM$202.1K1,7960.01%-newNEW
VANGUARD ADMIRAL FDS INCIVOO$201.6K1,5460.01%-newNEW
SELLAS LIFE SCIENCES GROUP ISLS$147.6K10,0000.01%+0.01pp2qHELD

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.

Funds & ETFs 5.8%Software & IT Services 5.2%Banks & Lending 5.1%Retail & Consumer 4.0%Computer Hardware 3.7%Semiconductors & Electronics 3.4%Chemicals 3.1%Industrials 3.1%Biotech & Pharma 2.8%Insurance 2.5%Mining & Metals 2.0%Autos & Aerospace 1.5%Other sectors 6.1%Not classified 51.8%
 
SectorValueShare
Funds & ETFs$80.6M5.8%
Software & IT Services$72.8M5.2%
Banks & Lending$71.4M5.1%
Retail & Consumer$55.6M4.0%
Computer Hardware$52.0M3.7%
Semiconductors & Electronics$47.0M3.4%
Chemicals$43.9M3.1%
Industrials$42.8M3.1%
Biotech & Pharma$38.6M2.8%
Insurance$35.7M2.5%
Mining & Metals$27.6M2.0%
Autos & Aerospace$21.7M1.5%
Other sectors$85.9M6.1%
Not classified$726.0M51.8%

Quarter by quarter

QuarterValuePositions NewAddedTrimmed ExitedTop 10 Days to file
Q2 2026$1.4B208167657542.7%1
Q1 2026$1.2B197369921142.1%1
Q4 2025$1.2B205762881441.4%2
Q3 2025$1.2B212623122442.0%1
Q2 2025$1.1B210136476442.1%2
Q1 2025$1.0B2015281261442.3%1
Q4 2024$1.1B21064998639.6%2
Q3 2024$1.1B210839115239.9%1
Q2 2024$1.0B20416351131540.2%3
Q1 2024$1.0B2031133115638.6%1
Q4 2023$981.4M198923113436.7%2
Q3 2023$910.8M19333188836.0%12
Q2 2023$958.3M19852989536.9%3
Q1 2023$934.0M19893289636.0%3
Q4 2022$925.2K195175779433.9%3
Q3 2022$814.7M182105860435.3%4
Q2 2022$820.2M176448631037.3%1
Q1 2022$939.9M18247257537.9%4
Q4 2021$989.2M18373273037.6%3
Q3 2021$912.5M17623771837.7%1
Q2 2021$916.2M18214781637.5%7
Q1 2021$894.1M187419120337.7%5
Q4 2020$851.9M186122383338.2%5
Q3 2020$727.8M17782682538.0%2
Q2 2020$681.2M174197159937.2%2
Q1 2020$573.1M164451791837.2%1
Q4 2019$726.7M17845768134.9%3
Q3 2019$679.0M17525269435.5%4
Q2 2019$657.4M17733390635.5%1
Q1 2019$649.8M18072495136.4%2
Q4 2018$573.2M174000036.0%3

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.