HolderBook

Berkeley Capital Partners, LLC

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

CIK
1667694
Reported value
$485.9M
Positions
203
Top 10 weight
50.9%
Filed
2026-08-06
Days after quarter end
37

Holdings

SecurityTickerValue SharesWeightWeight change Held Change
STATE STR SPDR S&P 500 ETF TSPY$99.1M132,74620.40%+0.69pp31q+1.6%+$1.5M
VANGUARD WHITEHALL FDSVYM$34.5M218,6017.11%-0.23pp31q+2.2%+$758.4K
VANGUARD SCOTTSDALE FDSVCIT$26.3M318,1455.41%-0.85pp31q-2.5%-$684.5K
VANGUARD SCOTTSDALE FDSVCLT$17.9M238,0153.69%-0.17pp31q+7.0%+$1.2M
VANGUARD INTL EQUITY INDEX FVEU$15.6M186,2943.21%+0.03pp31q+2.0%+$306.9K
INVESCO QQQ TRQQQ$14.1M19,1462.90%+0.33pp7qHELD
SPDR SERIES TRUSTSPSM$10.6M183,9282.18%+0.16pp10q+1.8%+$185.4K
SPDR SERIES TRUSTSPMD$10.3M152,9782.13%+0.12pp10q+4.7%+$468.0K
COASTALSOUTH BANCSHARES INCCOSO$9.6M356,3901.97%-0.09pp5q-1.2%-$112.0K
VANGUARD WORLD FDVAW$9.3M40,4631.91%-newNEW
ISHARES TRTLT$6.9M80,1501.43%-0.04pp17q+10.3%+$647.2K
MICROSOFT CORPMSFT$6.2M16,6321.28%-0.08pp31q+5.6%+$326.4K
VANGUARD INDEX FDSVO$5.9M73,6651.22%+0.03pp31q+312.1%+$4.5M
NVIDIA CORPORATIONNVDA$5.7M28,7331.18%+0.01pp21q-1.2%-$70.0K
SPDR SERIES TRUSTBIL$5.7M61,7891.17%+0.60pp3q+134.1%+$3.2M
VANECK ETF TRUSTBIZD$5.6M441,6011.15%-0.09pp2q+5.3%+$283.6K
APPLE INCAAPL$4.6M15,9930.95%+0.01pp31qHELD
VANGUARD WORLD FDVIS$4.3M11,9920.89%+0.04pp14q+2.0%+$84.7K
VANECK ETF TRUSTGDX$4.0M53,0360.82%+0.18pp28q+76.7%+$1.7M
VANGUARD INDEX FDSVTI$3.7M10,0300.76%+0.02pp31qHELD
ALPHABET INCGOOGL$3.6M10,0200.74%+0.08pp31q+2.2%+$75.8K
ALPS ETF TRAMLP$3.4M66,1090.71%-0.08pp25q+3.2%+$105.3K
JOHNSON & JOHNSONJNJ$3.1M12,3700.65%-0.07pp31q-1.9%-$60.4K
BROADCOM INCAVGO$3.1M8,1990.64%+0.06pp22q+1.7%+$53.3K
CHEVRON CORPORATIONCVX$3.0M18,1310.62%-0.23pp22q+3.1%+$89.8K
CISCO SYS INCCSCO$2.9M25,1000.61%+0.08pp31q-13.5%-$458.7K
JPMORGAN CHASE & COJPM$2.8M8,6670.58%flat31q+1.5%+$43.2K
EXXON MOBIL CORPXOMXXXX$2.8M20,5890.58%-0.24pp31q-0.8%-$22.7K
AMERICOLD REALTY TRUST INCCOLD$2.7M170,8710.55%+0.12pp8q+4.2%+$109.1K
SAFEHOLD INCSAFE$2.7M169,9910.55%+0.03pp12q+3.3%+$84.1K
AMAZON COM INCAMZN$2.6M11,0830.54%+0.04pp31q+6.5%+$162.1K
QUALCOMM INCQCOM$2.6M14,2170.54%+0.10pp31q-3.3%-$90.4K
CONOCOPHILLIPSCOP$2.6M25,2210.54%-0.24pp21q-0.9%-$22.6K
DUKE ENERGY CORP NEWDUK$2.5M19,7950.52%-0.07pp31q+2.9%+$70.5K
BANK OF AMER CORPBAC$2.5M43,7390.51%-0.02pp23q-8.0%-$217.8K
ISHARES TRPFF$2.4M80,3050.50%+0.02pp10q+17.8%+$369.8K
MICRON TECHNOLOGY INCMU$2.3M2,0250.48%+0.30pp9q-12.5%-$334.7K
UNITEDHEALTH GROUP INCUNH$2.3M5,5820.48%+0.14pp31q+4.1%+$92.3K
STARBUCKS CORPSBUX$2.3M22,6000.48%+0.01pp31q+0.7%+$16.6K
MERCK & CO INCMRK$2.2M17,4410.46%-0.02pp20q+1.5%+$33.7K
FRANCO NEV CORPFNV$2.1M10,2100.44%-0.14pp22q+2.0%+$41.9K
PHILIP MORRIS INTL INCPM$2.1M11,7170.44%flat31q+2.4%+$48.8K
MORGAN STANLEYMS$2.0M9,7230.42%+0.05pp22q+0.8%+$16.1K
ISHARES TRLQD$2.0M18,0780.41%-0.04pp11q+2.1%+$40.7K
CHUBB LIMITEDCB$2.0M5,7240.40%-0.03pp20q+1.2%+$23.5K
ABBVIE INCABBV$1.9M7,7200.40%+0.01pp31qHELD
PALO ALTO NETWORKS INCPANW$1.9M5,6140.39%+0.19pp14q+1.8%+$33.1K
VANGUARD INDEX FDSVB$1.9M6,1500.38%+0.01pp31qHELD
HOME DEPOT INCHD$1.8M5,0620.37%-0.03pp31q-2.4%-$44.8K
CITIGROUP INCC$1.8M12,7420.37%-0.02pp10q-13.1%-$269.0K
JOHNSON CONTROLS INTERNATIONJCI$1.8M12,1990.37%flat21q+2.0%+$34.5K
RTX CORPORATIONRTX$1.8M9,3470.36%-0.06pp5q-0.7%-$12.5K
AMERICAN HOMES 4 RENTAMH$1.8M52,3590.36%+0.03pp2q+3.7%+$63.2K
VANGUARD SCOTTSDALE FDSVCSH$1.8M22,2020.36%-0.05pp31q-0.9%-$15.6K
TRUIST FINL CORPTFC$1.7M35,0500.36%-0.01pp25q+0.6%+$11.1K
NEXTERA ENERGY INCNEE$1.7M19,0340.34%-0.07pp31qHELD
ELI LILLY & COLLY$1.6M1,3610.34%+0.04pp12q-1.1%-$18.0K
GENERAL DYNAMICS CORPGD$1.6M4,5490.33%-0.02pp14q+1.6%+$25.2K
ISHARES TRIYW$1.6M6,2800.33%+0.07pp15q+4.3%+$65.8K
NOVARTIS AGNVS$1.6M10,0410.32%-0.03pp31q+1.4%+$22.3K
HEALTHPEAK PROPERTIES INCDOC$1.6M73,3750.32%+0.01pp18q-10.1%-$176.2K
GOLUB CAP BDC INCGBDC$1.6M121,0350.32%-0.02pp2q+3.4%+$51.3K
PFIZER INCPFE$1.5M64,2860.32%-0.30pp31q-32.8%-$755.0K
COCA COLA COKO$1.5M18,3720.31%-0.01pp31q+1.8%+$26.6K
VANGUARD WORLD FDVGT$1.5M12,2480.30%-0.09pp31q+407.0%+$1.2M
BRISTOL-MYERS SQUIBB COBMY$1.5M25,3310.30%-0.05pp31q+2.6%+$36.5K
VICI PPTYS INCVICI$1.4M52,9000.29%-0.04pp18q+0.6%+$8.5K
MEDTRONIC PLCMDT$1.4M17,8290.29%-0.26pp23q-34.6%-$737.7K
ALPHABET INCGOOG$1.4M3,9270.29%+0.03pp31q+2.2%+$30.0K
TARGET CORPTGT$1.4M10,5830.28%-0.01pp3q+1.0%+$13.6K
AFLAC INCAFL$1.4M11,7260.28%-0.02pp17qHELD
ISHARES TRIWF$1.4M10,9070.28%+0.01pp31q+300.0%+$1.0M
VANGUARD WORLD FDVCR$1.3M3,3990.28%-0.01pp13q-0.9%-$12.7K
SOUTHERN COSO$1.3M14,0040.28%-0.03pp31q+2.6%+$34.4K
VISA INCV$1.3M3,8650.27%+0.02pp31q+6.2%+$77.5K
UNITED PARCEL SVCS INCUPS$1.3M12,2330.27%-0.01pp10q+0.9%+$12.0K
VANGUARD INDEX FDSVOO$1.3M1,9020.27%+0.02pp21q+7.9%+$95.5K
RIO TINTO PLCRIO$1.3M13,6370.27%-0.03pp18qHELD
GENUINE PARTS COGPC$1.3M10,9650.27%-0.02pp19q-6.1%-$83.5K
ADVANCED MICRO DEVICES INCAMD$1.3M2,2170.27%+0.17pp14q+7.2%+$86.0K
VANGUARD INDEX FDSVV$1.3M3,6650.26%+0.01pp31qHELD
ALTRIA GROUP INCMO$1.2M17,3710.26%-0.01pp31q-1.2%-$15.5K
COMCAST CORP NEWCMCSA$1.2M50,5020.26%-0.12pp21q-11.5%-$161.0K
VERIZON COMMUNICATIONS INCVZ$1.2M28,8610.25%-0.05pp31q+10.2%+$113.5K
VANGUARD INDEX FDSVTV$1.2M5,5020.25%-0.01pp31q-4.2%-$52.3K
BHP BILLITON LIMITEDBHP$1.2M14,1600.24%flat5qHELD
ACUITY INCAYI$1.1M3,0450.24%+0.04pp29q+3.2%+$35.0K
AT&T INCT$1.1M54,5750.23%-0.13pp31q+1.1%+$12.8K
KINDER MORGAN INC DELKMI$1.1M35,3210.23%-0.03pp31q+2.8%+$30.8K
MOSAIC COMOS$1.1M52,7460.23%-newNEW
UNILEVER PLCUL$1.1M18,3590.23%-0.01pp3q+2.8%+$29.8K
TESLA INCTSLA$1.1M2,6100.23%-0.01pp15q-5.3%-$61.0K
MARVELL TECHNOLOGY INCMRVL$1.1M3,5440.22%+0.14pp5q+2.1%+$21.4K
MCDONALDS CORPMCD$1.1M3,9040.22%-0.21pp31q-34.9%-$565.8K
LOWES COS INCLOW$1.0M4,7560.22%-0.04pp10q+2.0%+$20.9K
SLB LIMITEDSLB$1.0M22,3330.21%-0.05pp2q+2.9%+$29.0K
NUTRIEN LTDNTR$1.0M16,4750.21%-newNEW
TRAVELERS COMPANIES INCTRV$964.3K2,9210.20%+0.01pp2q+2.9%+$26.7K
DOW HLDGS INCDOW$948.1K34,6520.20%-0.22pp24q-19.8%-$233.5K
CATERPILLAR INCCAT$945.6K8880.19%+0.06pp4q+10.9%+$92.6K
BECTON DICKINSON & COBDX$936.0K6,1850.19%-0.01pp4q+12.6%+$104.9K
META PLATFORMS INCMETA$932.9K1,6560.19%-0.06pp14q-13.2%-$141.4K
VANGUARD WORLD FDVFH$916.2K6,9620.19%flat5q+2.4%+$21.3K
FLOWERS FOODS INCFLO$913.0K115,5640.19%flat13q+14.4%+$115.2K
ISHARES TRIGLB$890.3K17,7920.18%-0.02pp11q+0.5%+$4.5K
NIKE INCNKE$883.4K21,5200.18%-0.05pp31q+12.1%+$95.3K
ARCHER DANIELS MIDLAND COADM$854.3K11,1820.18%-newNEW
RESTAURANT BRANDS INTL INCQSR$835.9K11,5280.17%+0.04pp2q+47.2%+$267.9K
VANGUARD WORLD FDVHT$815.1K2,7260.17%+0.02pp3q+17.2%+$119.6K
BERKSHIRE HATHAWAY INC DELBRKB$803.6K1,6060.17%-0.01pp23q-0.9%-$7.5K
OMNICOM GROUP INCOMC$740.0K10,1600.15%-0.02pp3q+1.5%+$10.9K
COSTCO WHOLESALE CORPORATIONCOST$731.4K7820.15%-0.03pp20q+1.7%+$12.2K
VANGUARD INDEX FDSVUG$729.0K8,4620.15%+0.02pp31q+546.9%+$616.3K
ROUNDHILL ETF TRUST$725.1K9,8190.15%-newNEW
ISHARES TRIWD$706.9K2,9160.15%flat13qHELD
INTERCONTINENTAL EXCHANGE INICE$696.5K5,6580.14%-0.07pp31q-1.1%-$7.6K
ISHARES TRITA$692.1K2,8550.14%flat16qHELD
MERCADOLIBRE INCMELI$685.7K4040.14%-0.01pp16q+5.2%+$33.9K
VANGUARD INTL EQUITY INDEX FVWO$677.4K11,3480.14%flat31qHELD
WALMART INCWMT$670.8K5,9230.14%-0.03pp15qHELD
PUBLIC STORAGEPSA$661.9K2,0790.14%+0.01pp11q+2.5%+$16.2K
BCE INCBCE$650.4K30,2380.13%-0.09pp4q-21.6%-$179.0K
ISHARES TRAGG$649.3K6,5600.13%-0.02pp10q+1.0%+$6.1K
DIAGEO PLCDEO$648.6K8,0690.13%flat2q+1.1%+$7.0K
VANGUARD WHITEHALL FDSVYMI$645.1K6,5690.13%-0.02pp29q-8.3%-$58.4K
INVESCO EXCH TRADED FD TR IISOXQ$643.9K5,7440.13%-newNEW
CROWN CASTLE INCCCI$635.0K8,3850.13%-0.05pp3q-13.6%-$100.3K
ISHARES TRIJH$633.3K8,2130.13%+0.03pp25q+28.4%+$140.2K
ISHARES TREFA$621.3K5,9810.13%-0.01pp25qHELD
FREEPORT-MCMORAN INCFCX$581.5K9,2460.12%-newNEW
GE VERNOVA INCGEV$566.3K4820.12%+0.04pp2q+28.5%+$125.7K
UNION PAC CORPUNP$537.9K1,9780.11%flat7q+2.6%+$13.9K
NETFLIX INCNFLX$508.3K7,1190.10%-0.01pp9q+41.8%+$149.9K
CROWDSTRIKE HLDGS INCCRWD$500.6K6560.10%+0.05pp5q+11.9%+$53.4K
WHEATON PRECIOUS METALS CORPWPM$498.7K4,4400.10%-0.03pp22q+0.9%+$4.5K
INTEL CORPINTC$496.7K3,5570.10%-newNEW
SYSCO CORPSYY$495.3K5,9260.10%+0.02pp7q+26.3%+$103.1K
GLOBAL X FDSAIQ$468.9K7,1470.10%+0.04pp4q+29.9%+$108.1K
ARM HOLDINGS PLCARM$454.9K1,2830.09%-newNEW
WASTE MGMT INC DELWM$442.7K1,9860.09%-0.01pp10q+3.4%+$14.5K
ASML HLDG NVASML$433.7K2180.09%+0.01pp5q-19.0%-$101.5K
INTERNATIONAL BUSINESS MACHSIBM$423.5K1,5060.09%+0.03pp10q+46.9%+$135.3K
INVESCO EXCH TRADED FD TR IISPMO$423.1K2,6190.09%+0.03pp4q+26.2%+$87.9K
SHELL PLCSHEL$419.2K5,4060.09%-0.03pp18q+4.5%+$17.9K
PROCTER & GAMBLE COPG$403.9K2,7550.08%-0.01pp31q+3.3%+$13.0K
VANGUARD INDEX FDSVNQ$401.0K4,1590.08%flat31q-1.4%-$5.9K
BOEING COBA$392.5K1,8130.08%flat7q+3.4%+$13.0K
MASTERCARD INCORPORATEDMA$391.4K7620.08%-0.01pp14q-4.0%-$16.4K
TAIWAN SEMICONDUCTOR MANUFACTSM$389.2K8150.08%+0.01pp4q-8.1%-$34.4K
DISNEY WALT CODIS$386.6K4,0170.08%-0.01pp31q-1.0%-$3.9K
PNC FINL SVCS GROUP INCPNC$359.7K1,4610.07%+0.01pp6q+2.4%+$8.4K
EOG RES INCEOG$337.9K2,6050.07%-0.02pp16qHELD
GOLDMAN SACHS GROUP INCGS$330.7K3270.07%+0.02pp3q+27.2%+$70.8K
GLOBAL PMTS INCGPN$329.9K4,5470.07%flat18qHELD
TIDAL TRUST IICHAT$327.0K3,3140.07%-newNEW
ISHARES TRAIA$325.5K2,2980.07%-newNEW
ISHARES TRHYG$322.0K4,0260.07%-0.01pp31q-5.9%-$20.2K
FIRST TR EXCHANGE TRADED FDGRID$304.7K1,5890.06%-newNEW
TRANE TECHNOLOGIES PLCTT$303.0K6170.06%flat5q+0.8%+$2.5K
LAM RESEARCH CORPLRCX$302.0K6970.06%-newNEW
VANGUARD TAX-MANAGED FDSVEA$298.5K4,1890.06%-newNEW
BRITISH AMERN TOB PLCBTI$295.5K4,7840.06%-newNEW
VERTIV HOLDINGS COVRT$295.0K8810.06%+0.01pp2q+8.6%+$23.4K
PEPSICO INCPEP$294.9K2,1780.06%-0.02pp31q-2.8%-$8.4K
NOVO-NORDISK A SNVO$293.2K6,1150.06%+0.01pp4q+6.3%+$17.5K
TIDAL TRUST IIIAIS$291.8K3,4210.06%-newNEW
SCHWAB STRATEGIC TRSCHX$291.4K9,9010.06%+0.01pp4q+11.2%+$29.4K
FIRST TR EXCHANGE TRADED FDAIRR$289.2K2,1700.06%-newNEW
ISHARES TREEM$281.8K4,1190.06%flat4q-2.7%-$7.9K
GLOBE LIFE INCGL$281.1K1,5730.06%+0.01pp4q+1.9%+$5.2K
KEURIG DR PEPPER INCKDP$280.3K8,5650.06%flat6q-3.5%-$10.1K
PPL CORPPPL$277.3K7,6280.06%-0.01pp18q-4.8%-$14.0K
TJX COS INC NEWTJX$273.0K1,8020.06%-0.01pp4q+5.7%+$14.7K
PALANTIR TECHNOLOGIES INCPLTR$270.6K2,3190.06%-0.02pp5q+8.1%+$20.3K
EQUINOX GOLD CORPEQX$263.4K27,1000.05%-newNEW
SPDR SERIES TRUSTSDY$262.6K1,7260.05%flat2qHELD
GILEAD SCIENCES INCGILD$260.8K2,0640.05%-0.01pp6q+0.5%+$1.4K
ETF SER SOLUTIONSUFOX$259.5K2,7300.05%-newNEW
BARON ETF TRRONB$256.4K10,5080.05%-newNEW
AMPLIFY ETF TRAIVC$253.5K2,1970.05%-newNEW
APPLIED MATLS INCAMAT$248.7K3440.05%-newNEW
EMERSON ELEC COEMR$237.4K1,6580.05%flat4q+0.9%+$2.1K
VANGUARD WORLD FDVDE$236.8K1,5780.05%-2.11pp22q-97.1%-$7.8M
GE AEROSPACEGE$235.8K6310.05%-newNEW
SMURFIT WESTROCK PLCSW$233.9K5,0570.05%-newNEW
TIDAL TRUST IGRNY$232.3K8,4000.05%flat4qHELD
FIRST HORIZON CORPORATIONFHN$230.0K8,9720.05%flat3q-5.9%-$14.3K
PPG INDS INCPPG$225.7K1,8610.05%flat5q-2.4%-$5.5K
PINNACLE FINL PARTNERS INCPNFP$221.4K2,1950.05%-newNEW
AMERICAN INTL GROUP INCAIG$218.1K2,9260.04%-0.01pp3q+0.5%+$1.1K
DOORDASH INCDASH$216.5K1,1730.04%-newNEW
ISHARES TRIVV$216.0K2880.04%-newNEW
BOOKING HOLDINGS INCBKNG$215.5K1,2090.04%-newNEW
DELTA AIR LINES INCDAL$213.6K2,2810.04%-newNEW
ETF SER SOLUTIONSQTUM$212.3K1,2840.04%-newNEW
ALIBABA GROUP HLDG LTDBABA$211.3K2,2010.04%-0.03pp10q-12.6%-$30.3K
WELLS FARGO & COWFC$204.1K2,4700.04%-newNEW
KENVUE INCKVUE$203.0K10,6220.04%flat12qHELD
NEBIUS GROUP N.V.NBIS$201.1K7280.04%-newNEW
INVESCO MUN OPPORTUNIT TRVMO$122.3K12,3870.03%flat2qHELD
NUVEEN MUN HIGH INCOME OPPORNMZ$110.7K10,4750.02%-0.01pp12q-9.5%-$11.6K
IMMUNITYBIO INCIBRX$87.6K10,0070.02%flat2qHELD
PROSPECT CAP CORPPSEC$31.0K13,4260.01%flat2qHELD

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 23.7%Semiconductors & Electronics 4.2%Banks & Lending 4.0%Biotech & Pharma 2.9%Software & IT Services 2.7%Retail & Consumer 2.6%Real Estate 2.3%Computer Hardware 2.0%Energy 1.8%Food, Drink & Tobacco 1.7%Insurance 1.6%Other sectors 9.4%Not classified 41.1%
 
SectorValueShare
Funds & ETFs$115.1M23.7%
Semiconductors & Electronics$20.2M4.2%
Banks & Lending$19.4M4.0%
Biotech & Pharma$14.2M2.9%
Software & IT Services$13.1M2.7%
Retail & Consumer$12.7M2.6%
Real Estate$11.4M2.3%
Computer Hardware$9.9M2.0%
Energy$8.6M1.8%
Food, Drink & Tobacco$8.1M1.7%
Insurance$7.9M1.6%
Other sectors$45.5M9.4%
Not classified$199.8M41.1%

Quarter by quarter

QuarterValuePositions NewAddedTrimmed ExitedTop 10 Days to file
Q2 2026$485.9M20332101471350.9%37
Q1 2026$431.3M1841793592151.2%37
Q4 2025$424.7M1881866781750.9%36
Q3 2025$422.9M187228158850.2%41
Q2 2025$394.3M1732064571450.4%30
Q1 2025$363.7M167882411450.5%35
Q4 2024$359.8M173167165751.7%42
Q3 2024$350.2M1641581401351.1%45
Q2 2024$332.1M16238550651.9%45
Q1 2024$328.0M1652463511052.5%44
Q4 2023$302.4M151124571854.7%40
Q3 2023$277.0M147107141454.1%45
Q2 2023$282.3M14157345753.4%34
Q1 2023$269.9M143137734954.3%32
Q4 2022$258.5M139166734652.0%41
Q3 2022$231.1M129467221358.5%35
Q2 2022$242.4M138976332658.3%35
Q1 2022$250.9M155227245855.0%35
Q4 2021$243.5M141126552757.0%45
Q3 2021$217.2M136106138859.5%35
Q2 2021$224.6M134164747258.0%47
Q1 2021$207.3M1202541382058.0%34
Q4 2020$194.8M115222852963.9%28
Q3 2020$163.9M1021126541466.7%34
Q2 2020$162.3M1051019651464.5%30
Q1 2020$147.2M1091341463558.1%21
Q4 2019$195.3M131134658954.0%24
Q3 2019$189.5M1271439591454.3%32
Q2 2019$214.4M12796140958.9%39
Q1 2019$202.2M127115548557.5%30
Q4 2018$179.7M121000056.8%28

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.