HolderBook

Pinion Investment Advisors, LLC

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

CIK
1738738
Reported value
$526.8M
Positions
204
Top 10 weight
49.5%
Filed
2026-08-06
Days after quarter end
37

Holdings

SecurityTickerValue SharesWeightWeight change Held Change
VANGUARD INDEX FDSVOO$96.6M140,62618.33%-1.02pp31q+1.4%+$1.3M
ISHARES TRIVV$46.8M62,4708.88%+1.66pp13q+32.0%+$11.3M
EA SERIES TRUSTBOXX$29.1M248,5065.52%+1.88pp9q+85.4%+$13.4M
J P MORGAN EXCHANGE TRADED FJPIE$16.1M349,3583.05%+0.22pp6q+32.7%+$4.0M
VANGUARD INDEX FDSVUG$14.8M171,3472.80%-0.63pp21q+409.9%+$11.9M
ISHARES TRSGOV$13.1M129,8372.48%-0.56pp6qHELD
CALAMOS ETF TRCAIE$12.4M456,9732.36%+0.44pp4q+39.7%+$3.5M
ISHARES TRIEFA$12.4M128,1462.35%-0.05pp14q+13.1%+$1.4M
SPDR SERIES TRUSTSPIB$10.1M303,2361.93%-0.42pp12q+1.1%+$115.0K
SPDR SERIES TRUSTXNTK$9.7M24,8011.84%+0.41pp9q+3.3%+$307.8K
BLACKROCK ETF TRUSTDYNF$9.1M133,7091.73%-0.14pp9q-2.7%-$254.5K
ISHARES TRIUSB$8.8M191,3111.68%-0.16pp9q+12.6%+$985.0K
MORGAN STANLEY ETF TRUSTEVTR$8.7M172,4121.66%-0.14pp6q+13.6%+$1.0M
ISHARES INCIEMG$8.2M98,6391.55%-0.25pp13q-11.0%-$1.0M
GOLDMAN SACHS ETF TRGMUB$8.1M157,1671.53%-0.16pp4q+10.5%+$768.2K
NVIDIA CORPORATION OPTNVDA$7.1M35,4991.36%+0.13pp13q+18.2%+$1.1M
ALPHABET INCGOOGL$6.6M18,5581.26%+0.11pp31q+8.3%+$505.7K
VANGUARD MALVERN FDSVCRB$6.3M81,6341.20%-0.33pp8q-3.7%-$242.4K
LISTED FDS TRSPRX$6.3M107,8731.19%+0.63pp2q+61.8%+$2.4M
ARROWHEAD PHARMACEUTICALS INARWR$6.1M75,0001.16%+0.06pp7qHELD
APPLE INCAAPL$5.9M20,3561.12%+0.04pp31q+11.8%+$620.7K
ISHARES TRGOVT$5.8M256,0391.11%+0.65pp13q+202.9%+$3.9M
TESLA INCTSLA$5.6M13,3641.07%-0.05pp11q+3.5%+$189.7K
MICROSOFT CORPMSFT$5.1M13,7140.97%-0.09pp31q+12.0%+$548.0K
BERKSHIRE HATHAWAY INC DELBRKB$5.0M9,9100.94%-0.10pp31q+6.4%+$298.7K
AMAZON COM INCAMZN$4.7M19,6520.89%flat26q+7.1%+$310.6K
BLACKROCK ETF TRUSTBAI$4.5M85,3530.85%+0.07pp4q-15.8%-$847.3K
GOLDMAN SACHS PHYSICAL GOLDAAAU$4.1M103,7660.78%-0.31pp5q+3.1%+$125.1K
UNION PAC CORPUNP$3.8M13,9230.72%-0.06pp3q+1.0%+$38.9K
SCHWAB STRATEGIC TRSCHX$3.7M124,4450.70%-0.05pp31q-0.6%-$20.7K
ISHARES TRMTUM$3.6M10,5680.69%-0.05pp2q-19.6%-$885.9K
VANGUARD INDEX FDSVTI$3.5M9,4130.66%-0.07pp15q-3.5%-$126.2K
BROADCOM INCAVGO$3.0M7,8980.57%+0.05pp14q+11.3%+$304.1K
JPMORGAN CHASE & COJPM$3.0M9,0320.56%-0.04pp31q+2.8%+$79.9K
REX ETF TRATCL$2.8M112,6390.53%+0.28pp2q+147.9%+$1.7M
BLACKROCK ETF TRUSTBLCR$2.8M55,2310.53%-newNEW
BLACKROCK ETF TRUSTTHRO$2.8M64,0370.52%-0.23pp5q-27.9%-$1.1M
BLACKROCK ETF TRUSTIDEF$2.7M86,3210.52%-newNEW
WALMART INCWMT$2.4M20,8020.45%-0.15pp31q+1.1%+$26.2K
SPDR SERIES TRUSTSPYM$2.3M25,6690.43%+0.03pp29q+14.3%+$281.6K
ISHARES TRTLH$2.2M22,1930.42%-0.05pp6q+10.5%+$211.5K
META PLATFORMS INCMETA$2.2M3,9160.42%-0.07pp11q+7.0%+$143.6K
CISCO SYS INCCSCO$2.1M17,9710.40%+0.09pp25q+3.8%+$76.9K
MICRON TECHNOLOGY INCMU$2.0M1,7160.38%+0.31pp2q+94.8%+$963.8K
VISA INCV$1.9M5,4700.36%-0.02pp31q+1.7%+$30.5K
VANGUARD INTL EQUITY INDEX FVGK$1.9M21,0270.35%-0.64pp5q-59.1%-$2.7M
TERADYNE INCTER$1.8M3,8040.35%-newNEW
WILLIAMS COS INCWMB$1.8M23,7520.34%-0.08pp20q-2.1%-$38.7K
ADVANCED MICRO DEVICES INCAMD$1.7M2,8650.32%+0.19pp5q+11.5%+$171.4K
STATE STR SPDR S&P 500 ETF TSPY$1.7M2,2220.31%-0.02pp5qHELD
ELI LILLY & COLLY$1.7M1,3790.31%+0.05pp5q+10.5%+$157.1K
ISHARES TRSYSB$1.6M18,4810.31%-0.01pp2q+18.8%+$259.3K
BERKSHIRE HATHAWAY INC DELBRKA$1.5M20.28%-0.05pp6qHELD
GOLDMAN SACHS GROUP INCGS$1.5M1,4720.28%-0.01pp7q+1.0%+$14.2K
BLACKROCK ETF TRUST IIGGOV$1.5M29,3640.28%-newNEW
NEXTERA ENERGY INCNEE$1.5M16,6470.28%-0.07pp31q+2.9%+$41.4K
MERCK & CO INCMRK$1.5M11,3350.28%-0.02pp31q+8.9%+$118.6K
BLACKROCK ETF TRUSTIALT$1.4M51,5080.27%-newNEW
MCDONALDS CORPMCD$1.4M5,1230.26%-0.09pp31q+5.4%+$70.6K
ISHARES TRIVW$1.4M9,9150.26%-newNEW
BLACKROCK ETF TRUSTCORO$1.3M36,7620.26%-newNEW
BANK OF AMER CORPBAC$1.3M22,7310.25%-0.03pp8q-6.0%-$82.7K
SCHWAB STRATEGIC TRSCHG$1.2M36,7390.24%flat11q+7.6%+$87.7K
ONEOK INC NEWOKE$1.2M14,2690.24%-0.05pp15q+6.4%+$75.1K
GE AEROSPACEGE$1.2M3,2580.23%+0.04pp3q+11.0%+$120.7K
ISHARES TRUSHY$1.2M32,7260.23%+0.16pp3q+307.0%+$913.8K
VANGUARD TAX-MANAGED FDSVEA$1.2M16,2660.22%-0.04pp15q-7.5%-$94.4K
JOHNSON & JOHNSONJNJ$1.2M4,5320.22%-0.02pp3q+10.8%+$112.0K
PHILIP MORRIS INTL INCPM$1.1M6,2550.21%-0.02pp31q+3.0%+$33.5K
KLA CORPKLAC$1.1M3,7290.21%+0.10pp10q+1065.3%+$1.0M
PROCTER & GAMBLE COPG$1.1M7,3820.21%-0.01pp31q+13.7%+$130.5K
ALTRIA GROUP INCMO$1.1M14,9710.20%-0.02pp31q+3.8%+$39.3K
PRINCIPAL FINANCIAL GROUP INPFG$1.1M9,8850.20%-0.01pp18q-0.9%-$9.2K
VANGUARD WORLD FDMGK$1.1M12,0970.20%flat13q+423.5%+$860.3K
BAKER HUGHES COMPANYBKR$1.1M19,0810.20%-0.06pp3q+4.5%+$46.0K
INVESCO EXCHANGE TRADED FD TRSP$1.0M4,8030.19%-0.21pp2q-47.0%-$906.2K
ISHARES TRSHYG$1.0M23,9320.19%-0.04pp14q+0.7%+$7.4K
ABBVIE INCABBV$1.0M4,0160.19%-0.01pp11q+1.4%+$14.1K
SCHWAB STRATEGIC TRSCHD$963.0K30,3700.18%-0.06pp10q-9.6%-$101.9K
CHEVRON CORPORATIONCVX$962.1K5,8040.18%-0.11pp22q-4.7%-$47.4K
LOCKHEED MARTIN CORPLMT$956.5K1,8770.18%-0.08pp31q+2.8%+$26.0K
AT&T INCT$938.3K45,3300.18%-0.13pp31qHELD
COSTCO WHOLESALE CORPORATIONCOST$926.6K9910.18%-0.05pp31q+1.2%+$11.2K
MASTERCARD INCORPORATEDMA$885.6K1,7240.17%-0.07pp31q-13.9%-$142.8K
SOUTHERN COSO$869.2K9,0820.17%-0.04pp16q+0.9%+$7.8K
PEPSICO INCPEP$851.0K6,2850.16%-0.12pp31q-18.0%-$187.4K
DHT HOLDINGS INCDHT$835.9K50,5680.16%-0.06pp11q-2.0%-$17.2K
VALERO ENERGY CORPVLO$833.9K3,2020.16%-0.04pp15q-5.7%-$50.0K
DIMENSIONAL ETF TRUSTDFVX$824.1K10,0220.16%-0.03pp11q-4.4%-$38.1K
SPDR SERIES TRUSTSPYG$817.7K6,8720.16%-0.05pp15q-22.4%-$236.3K
SCHWAB STRATEGIC TRSCHV$812.6K23,3440.15%-0.01pp5q-1.5%-$12.0K
INVESCO EXCH TRADED FD TR IIBKLN$802.0K39,3730.15%-0.07pp7q-14.3%-$133.8K
THERMO FISHER SCIENTIFIC INCTMO$794.7K1,5850.15%-0.03pp31q+3.3%+$25.1K
OMEGA HEALTHCARE INVS INCOHI$790.7K16,5840.15%-0.02pp11qHELD
DTE ENERGY CODTE$774.8K5,0850.15%-0.02pp3q+4.2%+$31.2K
VANGUARD WORLD FDMGV$751.7K4,5990.14%flat13q+8.3%+$57.7K
TRANE TECHNOLOGIES PLCTT$733.3K1,4930.14%-0.01pp26qHELD
INTEL CORPINTC$717.6K5,1390.14%-newNEW
SEAGATE TECHNOLOGY HLDNGS PLSTX$717.0K7430.14%+0.08pp2q+27.9%+$156.3K
ALPS ETF TRAMLP$712.6K13,7440.14%-0.03pp9q+1.3%+$9.4K
ISHARES TRIWF$683.9K5,5080.13%-0.01pp11q+300.0%+$512.9K
PIMCO ETF TRMINT$667.8K6,6240.13%-0.02pp13q+9.2%+$56.1K
DIGITAL RLTY TR INCDLR$658.0K3,6640.12%-0.03pp4q+2.8%+$18.0K
INTERNATIONAL PAPER COIP$654.2K17,1710.12%-0.01pp23q+7.2%+$44.2K
CITIGROUP INCC$638.9K4,5650.12%+0.04pp3q+52.9%+$221.1K
CINTAS CORPCTAS$634.6K3,7310.12%-0.05pp31q-15.9%-$119.7K
ASML HLDG NVASML$628.7K3160.12%+0.02pp4qHELD
ISHARES TRHYG$621.4K7,7710.12%-0.04pp31q-6.5%-$43.3K
PALANTIR TECHNOLOGIES INCPLTR$620.8K5,3210.12%-0.05pp7q+9.2%+$52.5K
VANGUARD INDEX FDSVOE$612.0K3,0970.12%-0.02pp31q-1.9%-$12.1K
VANGUARD INDEX FDSVOT$603.4K1,9700.11%-0.02pp10q-13.6%-$94.6K
SCHWAB STRATEGIC TRSCHK$598.5K16,5980.11%-0.01pp25qHELD
ISHARES TRIWS$598.4K3,6350.11%-0.01pp17q-2.3%-$14.0K
AGNC INVT CORPAGNC$596.9K54,7610.11%-newNEW
T-MOBILE US INCTMUS$593.8K3,5400.11%-0.06pp26q+0.6%+$3.7K
ISHARES TRQUAL$577.8K2,6330.11%-0.66pp9q-84.7%-$3.2M
ARES CAPITAL CORPARCC$567.1K30,6050.11%-0.02pp31q+1.2%+$6.5K
J P MORGAN EXCHANGE TRADED FJPST$561.1K11,0960.11%-0.02pp25q+0.9%+$5.2K
TJX COS INC NEWTJX$546.0K3,6040.10%-0.01pp13q+16.3%+$76.4K
PALO ALTO NETWORKS INCPANW$545.3K1,5990.10%+0.05pp5q+19.7%+$89.7K
CATERPILLAR INCCAT$539.9K5070.10%+0.02pp3q+4.3%+$22.4K
ISHARES TRIWM$538.4K1,7920.10%-0.01pp5q-9.9%-$59.5K
VICI PPTYS INCVICI$532.3K20,0480.10%-0.03pp14q-0.7%-$3.6K
UNITEDHEALTH GROUP INCUNH$527.0K1,2680.10%-0.01pp31q-24.7%-$172.9K
HOME DEPOT INCHD$525.8K1,4910.10%-0.02pp31q-1.6%-$8.5K
ALPHABET INCGOOG$519.0K1,4690.10%flat13q+1.2%+$6.0K
BANK OF NY MELLON CORPBNY$518.6K3,5860.10%-newNEW
UNILEVER PLCUL$510.1K8,4850.10%-0.01pp3q+4.6%+$22.7K
GE VERNOVA INCGEV$504.0K4290.10%-newNEW
ISHARES TRIAGG$485.9K9,6020.09%-0.23pp5q-64.7%-$891.2K
SCHWAB STRATEGIC TRSCHZ$485.6K20,9960.09%-0.02pp2q-0.6%-$2.9K
STARWOOD PPTY TR INCSTWD$475.1K29,0030.09%-0.02pp13q+2.2%+$10.1K
MARATHON PETE CORPMPC$471.2K1,8430.09%-0.02pp22qHELD
OGE ENERGY CORPOGE$468.5K9,6280.09%-0.02pp3qHELD
CITIZENS FINL GROUP INCCFG$467.7K6,6750.09%flat7q+4.0%+$17.9K
QUANTA SVCS INCPWR$463.7K6440.09%+0.01pp13qHELD
CAPITAL ONE FINL CORPCOF$452.4K2,2550.09%flat9q+10.3%+$42.1K
ROUNDHILL ETF TRUST$440.4K5,9630.08%-newNEW
COCA COLA COKO$421.9K5,1910.08%-0.01pp31q+6.9%+$27.1K
J P MORGAN EXCHANGE TRADED FJEPI$414.0K7,3300.08%-0.01pp2q+4.9%+$19.4K
LINDE PLCLIN$389.7K7510.07%flat10q+20.7%+$66.9K
INTERNATIONAL BUSINESS MACHSIBM$389.5K1,3850.07%+0.01pp8q+22.9%+$72.6K
ORACLE CORPORCL$382.6K2,6110.07%-0.04pp5q+11.9%+$40.6K
EXXON MOBIL CORPXOMXXXX$381.4K2,7900.07%-0.04pp15qHELD
J P MORGAN EXCHANGE TRADED FJEPQ$381.0K6,1990.07%+0.01pp2q+33.1%+$94.8K
ISHARES TRMUB$379.8K3,5290.07%-newNEW
ISHARES TREMB$378.4K3,9240.07%-0.01pp13q+1.3%+$4.9K
SCHWAB STRATEGIC TRSCHB$378.4K13,0670.07%flat26q+6.8%+$24.2K
CINCINNATI FINL CORPCINF$374.5K2,0230.07%flat31qHELD
AMERICAN ELEC PWR CO INCAEP$369.6K2,7010.07%-0.01pp31qHELD
EOG RES INCEOG$363.6K2,8030.07%-0.01pp2q+25.6%+$74.2K
SPDR SERIES TRUSTSPYV$356.2K5,8600.07%-0.01pp10qHELD
CORGI ETF TR I$346.4K10,8320.07%-newNEW
CHUBB LIMITEDCB$344.8K1,0120.07%-newNEW
VANGUARD STAR FDSVXUS$342.0K4,0000.06%-0.01pp10qHELD
AXON ENTERPRISE INCAXON$336.4K6000.06%flat7qHELD
ISHARES TRSOXX$326.1K5090.06%-newNEW
ISHARES TRIGIB$323.1K6,0770.06%-0.01pp3q+10.9%+$31.8K
IRON MTN INC DELIRM$321.6K2,5460.06%-newNEW
CORGI ETF TR I$321.0K10,1240.06%-newNEW
TEMA ETF TRUSTNASA$318.5K10,4850.06%-newNEW
VANGUARD INDEX FDSVXF$317.6K1,2900.06%flat5q+9.9%+$28.6K
STRYKER CORPORATIONSYK$315.8K1,0030.06%flat4q+24.0%+$61.1K
VERIZON COMMUNICATIONS INCVZ$315.2K7,4450.06%-0.03pp31qHELD
EQUINIX INCEQIX$311.7K2990.06%+0.01pp2q+31.1%+$74.0K
BOSTON SCIENTIFIC CORPBSX$308.3K7,2240.06%-newNEW
FIRST TR EXCHANGE TRADED FDCIBR$307.9K3,4270.06%-newNEW
ISHARES TREFA$306.6K2,9510.06%-0.01pp4qHELD
ARK ETF TRARKF$302.7K7,6710.06%-newNEW
VANECK ETF TRUSTREMX$299.6K3,3850.06%-newNEW
FIRST TR EXCHANGE TRADED FDAIRR$298.0K2,2360.06%-newNEW
EVERGY INCEVRG$296.6K3,4320.06%-0.01pp3q+0.8%+$2.3K
PHILLIPS 66PSX$293.8K1,7380.06%-0.02pp3q+1.6%+$4.7K
ISHARES TRSHY$293.2K3,5710.06%flat2q+31.6%+$70.5K
UNITED PARCEL SVCS INCUPS$284.4K2,6460.05%flat3q+6.2%+$16.6K
VANECK ETF TRUSTNLR$284.3K2,4510.05%-newNEW
SPDR INDEX SHS FDSCWI$283.8K6,9790.05%-0.01pp6qHELD
PARKER-HANNIFIN CORPPH$278.8K2850.05%-0.05pp12q-39.5%-$181.9K
ISHARES TRDVY$278.7K1,7830.05%-newNEW
ENTERGY CORP NEWETR$276.9K2,4110.05%-0.02pp7q-13.0%-$41.2K
METLIFE INCMET$276.7K3,2700.05%flat23q-1.6%-$4.5K
TAIWAN SEMICONDUCTOR MANUFACTSM$270.8K5670.05%-newNEW
VANGUARD INDEX FDSVBR$266.1K1,0950.05%flat5q+4.3%+$10.9K
HCA HEALTHCARE INCHCA$253.0K6490.05%-0.03pp23q-2.1%-$5.5K
BOEING COBA$250.4K1,1570.05%flat2q+8.7%+$20.1K
VANGUARD INDEX FDSVB$242.3K7990.05%flat31q+2.7%+$6.4K
NORTHROP GRUMMAN CORPNOC$240.3K4720.05%-0.05pp31q-24.1%-$76.4K
ADAMS DIVERSIFIED EQUITY FDADX$240.0K9,3920.05%flat26qHELD
BRISTOL-MYERS SQUIBB COBMY$239.6K4,1580.05%-newNEW
KLARNA GROUP PLCKLAR$237.3K11,7240.05%-newNEW
AMERICAN CENTY ETF TRAVUV$232.5K1,8630.04%flat2q-0.5%-$1.2K
ISHARES TRICVT$231.1K1,8980.04%-0.28pp2q-86.1%-$1.4M
ARISTA NETWORKS INCANET$230.7K1,3580.04%-newNEW
ENTERPRISE PRODS PARTNERS LEPD$230.6K6,2730.04%-0.01pp3qHELD
LAM RESEARCH CORPLRCX$227.5K5250.04%-newNEW
DELL TECHNOLOGIES INCDELL$219.2K5080.04%-newNEW
SSGA ACTIVE ETF TRSRLN$213.9K5,3090.04%-0.01pp14q+0.6%+$1.3K
PUBLIC SVC ENTERPRISE GROUPPEG$208.7K2,5710.04%-0.01pp8q+0.5%+$1.1K
VANGUARD SCOTTSDALE FDSVONG$207.3K1,6220.04%-newNEW
FORD MTR COF$206.4K14,8490.04%flat4q-5.9%-$13.0K
BLOOM ENERGY CORPBE$205.2K6780.04%-newNEW
PROGRESSIVE CORPPGR$204.3K9350.04%-newNEW
DUKE ENERGY CORP NEWDUK$203.7K1,6090.04%-0.01pp31qHELD
UNITED AIRLS HLDGS INCUAL$203.2K1,4940.04%-newNEW

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.

Semiconductors & Electronics 3.2%Software & IT Services 2.9%Biotech & Pharma 2.2%Retail & Consumer 2.1%Computer Hardware 1.9%Insurance 1.8%Other sectors 11.6%Not classified 74.3%
 
SectorValueShare
Semiconductors & Electronics$16.7M3.2%
Software & IT Services$15.5M2.9%
Biotech & Pharma$11.6M2.2%
Retail & Consumer$11.1M2.1%
Computer Hardware$10.1M1.9%
Insurance$9.2M1.8%
Other sectors$61.1M11.6%
Not classified$391.6M74.3%

Quarter by quarter

QuarterValuePositions NewAddedTrimmed ExitedTop 10 Days to file
Q2 2026$526.8M20436100441249.5%37
Q1 2026$428.3M1802059871348.0%24
Q4 2025$409.8M1731962681449.2%29
Q3 2025$366.1M1681684531150.7%27
Q2 2025$290.1M163212990852.0%24
Q1 2025$453.8M1501082431558.0%17
Q4 2024$251.3M1551350691251.7%37
Q3 2024$238.9M154168332350.8%43
Q2 2024$201.1M1411348662053.5%39
Q1 2024$192.7M1481460621452.1%39
Q4 2023$166.2M1481748722550.2%25
Q3 2023$154.0M156989321344.6%37
Q2 2023$147.6M160438526242.7%38
Q1 2023$106.7K119834681644.9%45
Q4 2022$106.0K1271422883541.7%40
Q3 2022$114.4M1481149541737.0%45
Q2 2022$120.0M1541161602133.1%46
Q1 2022$144.3M164297450934.1%43
Q4 2021$124.2M144000033.6%46
Q3 2021$124.2M1441486141633.6%46
Q2 2021$124.3M14698324432.8%43
Q1 2021$108.1M1412585241831.4%44
Q4 2020$95.1M134305839833.7%43
Q3 2020$66.3M112000027.6%44
Q2 2020$66.3M112234045327.6%49
Q1 2020$46.6M921467113424.6%44
Q4 2019$54.0M11256825418.9%45
Q3 2019$48.8M11176535716.9%45
Q2 2019$46.7M1114698917.1%45
Q1 2019$57.2M116138414717.7%43
Q4 2018$47.5M110000017.8%45

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.