HolderBook

PAX Financial Group, LLC

Reported holdings as of Q2 2026, from 27 quarterly filings.

CIK
1803673
Reported value
$673.0M
Positions
207
Top 10 weight
42.8%
Filed
2026-08-05
Days after quarter end
36

Holdings

SecurityTickerValue SharesWeightWeight change Held Change
ISHARES TRIVV$83.6M111,56812.42%+5.54pp27q+80.8%+$37.3M
ISHARES TRIUSB$33.9M735,0925.04%+0.68pp22q+32.7%+$8.4M
ISHARES TRIVW$32.1M233,6004.77%+0.44pp10q+4.0%+$1.2M
BLACKROCK ETF TRUSTDYNF$30.5M447,9804.53%+0.26pp11q+4.1%+$1.2M
ISHARES TRIVE$26.8M118,2253.99%-1.23pp11q-18.4%-$6.1M
ISHARES INCIEMG$17.7M213,5232.63%-1.31pp17q-35.4%-$9.7M
NORTHERN LTS FD TR IVWWJD$17.3M452,9762.57%-0.31pp23qHELD
BLACKROCK ETF TRUSTBAI$17.2M326,4692.56%+0.55pp5q-8.4%-$1.6M
ISHARES TREFG$14.7M117,8182.18%+0.08pp2q+6.7%+$920.2K
SPDR SERIES TRUSTSPYM$14.5M165,3762.16%+0.63pp13q+40.7%+$4.2M
PIMCO ETF TRBOND$14.3M155,4022.13%-0.10pp13q+9.7%+$1.3M
ISHARES TRMTUM$13.4M39,0991.99%+0.11pp7q-15.0%-$2.4M
BLACKROCK ETF TRUSTCORO$10.6M288,7571.57%-newNEW
BLACKROCK ETF TRUSTBLCR$10.6M209,5731.57%+0.21pp2q+7.8%+$763.3K
NORTHERN LTS FD TR IVISMD$10.0M200,7961.49%+0.13pp22qHELD
PIMCO ETF TRPYLD$9.4M353,3461.39%+0.04pp10q+17.0%+$1.4M
BLACKROCK ETF TRUSTIDEF$9.1M285,0741.35%-0.06pp2q+13.2%+$1.1M
BLACKROCK ETF TRUSTTHRO$9.0M209,6861.34%-0.55pp5q-31.5%-$4.1M
ISHARES TREFV$9.0M117,3111.33%-2.30pp22q-59.1%-$13.0M
NORTHERN LTS FD TR IVIBD$8.3M348,6651.23%-0.17pp23q+1.4%+$111.0K
ISHARES TRMBB$8.2M86,8161.22%-0.12pp23q+5.3%+$413.2K
ISHARES TRTLH$7.8M77,5151.16%-0.39pp6q-13.6%-$1.2M
ISHARES TRGOVT$7.7M338,9751.15%-0.11pp27q+5.0%+$369.8K
NORTHERN LTS FD TR IVPTL$6.9M24,2861.03%flat9q+0.8%+$55.5K
SPDR SERIES TRUSTSPAB$6.8M264,6981.00%-0.18pp27q-1.9%-$130.4K
SPDR SERIES TRUSTSPTM$6.5M71,0530.96%-0.04pp27q-4.1%-$274.7K
INVESCO EXCH TRD SLF IDX FDOMFL$6.4M93,4670.95%-0.02pp13q-1.4%-$91.2K
APPLE INCAAPL$6.0M20,5750.88%+0.04pp27q+5.4%+$304.7K
BLACKROCK ETF TRUSTIALT$5.9M209,7420.87%-newNEW
VANGUARD TAX-MANAGED FDSVEA$5.8M81,9810.87%-0.49pp27q-33.9%-$3.0M
NVIDIA CORPORATIONNVDA$5.5M27,6330.82%+0.09pp14q+12.7%+$622.1K
INVESCO EXCH TRADED FD TR IIQQQM$5.4M17,6630.80%+0.02pp11q-7.3%-$418.4K
SPDR SERIES TRUSTSPYG$5.2M44,0450.78%+0.17pp27q+21.7%+$935.6K
VANGUARD INDEX FDSVO$5.0M62,4000.75%-0.04pp27q+289.6%+$3.7M
STRATEGY SHSESUM$5.0M163,4450.74%+0.03pp6q+1.6%+$80.6K
BLACKROCK ETF TRUST IIGGOV$4.8M95,0940.71%-newNEW
NORTHERN LTS FD TR IVBIBL$4.7M80,5750.69%+0.05pp22q+0.5%+$24.9K
STRATEGY SHSELCV$4.5M137,6990.67%-0.01pp7qHELD
SPDR INDEX SHS FDSSPDW$4.3M85,7110.64%-0.05pp27q-4.1%-$184.5K
NORTHERN LTS FD TR IVFDLS$4.3M102,0530.64%flat16qHELD
INVESCO EXCH TRADED FD TR IIRWL$4.3M33,4920.64%-0.02pp2qHELD
SPDR SERIES TRUSTSPYV$4.2M68,7910.62%-0.06pp27q-2.7%-$114.2K
ALPHABET INCGOOGL$4.1M11,5780.61%+0.06pp27q+1.6%+$65.4K
PIMCO ETF TRPMBS$4.0M80,9340.59%-0.03pp5q+9.9%+$361.6K
MICROSOFT CORPMSFT$4.0M10,6900.59%-0.03pp27q+8.5%+$311.5K
ISHARES TRACWI$4.0M25,3830.59%-0.03pp27q-4.2%-$175.8K
ISHARES TRIWF$3.9M31,2040.58%-0.01pp27q+285.2%+$2.9M
PIMCO ETF TRMUNI$3.7M70,7880.55%-0.04pp13q+5.8%+$204.1K
VANGUARD INDEX FDSVB$3.5M11,5550.52%-0.04pp27q-7.3%-$275.5K
VANGUARD INDEX FDSVOO$3.5M5,0240.51%-0.01pp24q-1.9%-$68.0K
VANGUARD WHITEHALL FDSVYM$3.3M20,9520.49%-0.05pp27q-3.0%-$104.1K
PIMCO ETF TRCORP$2.8M28,5440.41%-0.06pp13qHELD
ISHARES GOLD TRIAU$2.7M36,1670.41%-0.09pp7q+9.3%+$231.4K
STRATEGY SHSESIM$2.7M89,8390.40%+0.01pp3q+0.7%+$18.3K
FORTINET INCFTNT$2.6M16,9050.39%+0.14pp8q-3.2%-$85.1K
AMAZON COM INCAMZN$2.4M10,2540.36%+0.04pp27q+11.9%+$259.8K
PIMCO ETF TRMINT$2.4M24,1310.36%-0.05pp13qHELD
STATE STR SPDR S&P 500 ETF TSPY$2.4M3,2540.36%+0.25pp27q+222.8%+$1.7M
PIMCO ETF TRMINO$2.4M52,5340.36%-0.02pp12q+6.4%+$144.1K
SPDR INDEX SHS FDSSPEM$2.4M46,2540.36%-0.03pp27q-4.0%-$100.3K
BROADCOM INCAVGO$2.4M6,2300.35%+0.12pp11q+42.4%+$700.7K
INVESCO EXCH TRD SLF IDX FDIMFL$2.3M66,4930.34%-0.02pp8qHELD
ISHARES TRIAGG$2.2M43,7360.33%-0.90pp27q-69.7%-$5.1M
PIMCO ETF TRSMMU$2.0M40,2490.30%-0.04pp11qHELD
ISHARES TRIEUR$2.0M27,0060.30%-0.03pp27q-2.8%-$57.4K
VANGUARD BD INDEX FDSBND$1.9M26,4920.29%-0.06pp27q-3.8%-$77.7K
VANGUARD INDEX FDSVUG$1.9M21,6990.28%+0.19pp27q+1678.6%+$1.8M
PIMCO ETF TRLDUR$1.8M19,0310.27%-0.06pp17q-4.9%-$93.5K
ISHARES TRIPAC$1.7M21,2560.26%-0.03pp27q-3.3%-$58.7K
VANGUARD BD INDEX FDSBSV$1.7M22,3390.26%-0.05pp27q-3.5%-$62.4K
ARISTA NETWORKS INCANET$1.7M10,1400.26%+0.03pp7q-5.6%-$102.3K
INVESCO EXCH TRADED FD TR IIGOVI$1.7M61,8690.25%-newNEW
INVESCO ACTIVELY MANAGED EXCGTO$1.7M35,6980.25%flat8q+14.2%+$207.4K
AMPHENOL CORPAPH$1.7M9,3710.25%+0.02pp10q-9.0%-$162.6K
STRATEGY SHSESLG$1.6M56,9760.24%+0.02pp3q+1.4%+$22.8K
TESLA INCTSLA$1.5M3,6580.23%+0.03pp27q+15.6%+$208.2K
STRATEGY SHSESSC$1.5M48,3290.23%+0.01pp3qHELD
BLACKROCK ETF TRUST IIBINC$1.5M28,0160.22%-0.61pp11q-70.2%-$3.5M
ASML HLDG NVASML$1.5M7310.22%+0.07pp7q+13.9%+$177.1K
ISHARES TRAGG$1.4M13,8300.20%+0.04pp8q+39.9%+$390.4K
PIMCO ETF TRHYS$1.4M14,5060.20%flat13q+12.0%+$145.3K
SPDR SERIES TRUSTSPMD$1.4M20,0270.20%-0.01pp27q-5.0%-$71.0K
ELI LILLY & COLLY$1.3M1,1030.20%+0.04pp11q+12.9%+$151.1K
INVESCO QQQ TRQQQ$1.3M1,7100.19%+0.02pp9q-2.1%-$26.5K
EXXON MOBIL CORPXOMXXXX$1.3M9,1730.19%-0.07pp16q+2.5%+$30.9K
HENRY JACK & ASSOC INCJKHY$1.2M8,9940.18%-0.08pp27q-7.7%-$103.4K
META PLATFORMS INCMETA$1.2M2,1200.18%flat12q+15.7%+$161.7K
INVESCO EXCH TRD SLF IDX FDBSMR$1.1M47,6510.17%-0.02pp7q+1.0%+$10.9K
INVESCO EXCH TRD SLF IDX FDBSMQ$1.1M47,8240.17%-0.02pp11q+3.7%+$40.1K
J P MORGAN EXCHANGE TRADED FJMEE$1.1M14,2630.17%+0.01pp8q+5.8%+$60.6K
INVESCO EXCH TRD SLF IDX FDBSMS$1.1M47,3520.16%-0.02pp3q+1.0%+$11.5K
SKYWORKS SOLUTIONS INCSWKS$1.1M15,6620.16%flat23q-6.8%-$77.6K
INVESCO EXCHANGE TRADED FD TRPG$1.1M16,5190.16%-newNEW
COSTCO WHOLESALE CORPORATIONCOST$1.0M1,0870.15%-0.04pp26q-3.2%-$33.7K
VANGUARD INDEX FDSVTI$977.6K2,6420.15%+0.01pp16q+6.4%+$58.5K
TAIWAN SEMICONDUCTOR MANUFACTSM$945.8K1,9800.14%+0.05pp5q+31.7%+$227.8K
MASTERCARD INCORPORATEDMA$862.9K1,6800.13%-0.02pp27q-3.7%-$33.4K
BERKSHIRE HATHAWAY INC DELBRKB$836.2K1,6710.12%-0.01pp27qHELD
SPDR SERIES TRUSTSHM$789.4K16,4580.12%flat22q+15.3%+$105.0K
ISHARES TRSYSB$785.9K8,8590.12%-0.02pp3q-5.1%-$42.1K
ISHARES TRQUAL$772.8K3,5220.11%-2.01pp14q-94.6%-$13.5M
VISA INCV$765.4K2,2310.11%+0.01pp23q+10.6%+$73.1K
GOLDMAN SACHS GROUP INCGS$736.3K7280.11%+0.02pp6q+20.7%+$126.4K
AMERICAN CENTY ETF TRAVEM$729.4K7,5590.11%-0.17pp2q-62.0%-$1.2M
VANGUARD INDEX FDSVTV$686.7K3,1510.10%-0.25pp27q-70.3%-$1.6M
VANGUARD INTL EQUITY INDEX FVWO$681.5K11,4170.10%-0.01pp27q-4.1%-$29.5K
ADVANCED MICRO DEVICES INCAMD$671.0K1,1550.10%-newNEW
INVESCO ACTIVELY MANAGED EXCICLO$667.0K26,0740.10%-0.01pp2qHELD
NOVO-NORDISK A SNVO$644.2K13,4370.10%+0.01pp27q-3.6%-$24.1K
ISHARES TRIJH$636.8K8,2580.09%flat27q-1.4%-$8.9K
VALERO ENERGY CORPVLO$627.4K2,4090.09%-0.01pp20q-3.1%-$19.8K
CINCINNATI FINL CORPCINF$613.7K3,3150.09%flat22q-5.7%-$37.4K
BORGWARNER INCBWA$596.1K8,9780.09%flat22q-5.9%-$37.3K
VANGUARD INTL EQUITY INDEX FVSS$586.8K3,8030.09%-0.01pp8qHELD
DELL TECHNOLOGIES INCDELL$583.8K1,3530.09%-newNEW
WISDOMTREE TRWTMF$578.0K14,1500.09%-0.01pp8q-0.5%-$3.1K
PINNACLE FINL PARTNERS INCPNFP$541.4K5,3670.08%-newNEW
STARBUCKS CORPSBUX$541.0K5,2940.08%-0.01pp27q-14.1%-$88.7K
JOHNSON & JOHNSONJNJ$537.0K2,1140.08%-0.02pp27q-10.1%-$60.2K
GE AEROSPACEGE$524.0K1,4020.08%+0.02pp6q+11.6%+$54.6K
TEXAS INSTRS INCTXN$521.6K1,7500.08%-newNEW
WESTERN ALLIANCE BANCORPWAL$514.6K6,2600.08%-0.01pp20q-7.3%-$40.5K
ABBVIE INCABBV$508.1K2,0190.08%+0.01pp10q+6.5%+$31.0K
GALLAGHER ARTHUR J & COAJG$504.2K2,1960.07%-0.02pp27q-16.1%-$96.7K
OLD DOMINION FREIGHT LINE INODFL$501.6K2,3160.07%-0.02pp22q-18.9%-$117.2K
WALMART INCWMT$498.7K4,4030.07%-0.03pp17q-6.1%-$32.3K
ISHARES TRHEFA$495.5K10,5590.07%+0.01pp20q+12.9%+$56.7K
INCYTE CORPINCY$490.3K4,3250.07%flat22q-9.6%-$52.1K
LAM RESEARCH CORPLRCX$490.1K1,1310.07%+0.04pp2q+10.2%+$45.5K
ALPHABET INCGOOG$479.0K1,3560.07%+0.02pp4q+21.2%+$83.7K
UNILEVER PLCUL$477.1K7,9350.07%-0.02pp3q-15.3%-$86.2K
ASTRAZENECA PLCAZN$474.8K2,5040.07%-newNEW
AST SPACEMOBILE INCASTS$474.3K5,3380.07%-0.01pp5q-5.6%-$28.3K
NEUROCRINE BIOSCIENCES INCNBIX$458.9K2,7230.07%flat14q-7.2%-$35.6K
HOME DEPOT INCHD$455.3K1,2910.07%flat27q+4.9%+$21.2K
ISHARES TROEF$451.5K1,2340.07%-0.01pp6q-10.1%-$50.5K
APPLIED MATLS INCAMAT$449.7K6220.07%-newNEW
NASDAQ INCNDAQ$449.2K5,6990.07%-0.03pp27q-15.6%-$83.3K
DISNEY WALT CODIS$445.2K4,6250.07%-0.01pp27q-1.8%-$8.4K
ISHARES TRIEFA$442.0K4,5770.07%flat19q+0.6%+$2.8K
INVESCO ACTIVELY MANAGED EXCVRIG$440.2K17,5590.07%-0.17pp4q-68.4%-$953.8K
D R HORTON INCDHI$427.2K2,6230.06%flat22qHELD
GARMIN LTDGRMN$418.1K1,7600.06%-0.01pp22q-5.8%-$25.9K
IDT CORPIDT$416.9K7,1680.06%flat5q-7.2%-$32.3K
ISHARES TRIJR$412.6K2,7820.06%flat25q-7.0%-$31.3K
EMCOR GROUP INCEME$407.5K4910.06%+0.01pp8q+13.1%+$47.3K
EVEREST GROUP LTDEG$407.4K1,1410.06%flat22q-2.9%-$12.1K
PROCTER & GAMBLE COPG$407.1K2,7760.06%-0.01pp12q+1.8%+$7.2K
ALIGN TECHNOLOGY INCALGN$398.0K2,3600.06%-0.01pp22q-3.8%-$15.5K
SPDR SERIES TRUSTSPSM$385.1K6,6770.06%flat27q-3.9%-$15.7K
MICRON TECHNOLOGY INCMU$380.9K3300.06%-newNEW
RBC BEARINGS INCRBC$372.3K5780.06%flat2q+6.2%+$21.9K
EXPEDITORS INTL WASH INCEXPD$366.5K2,2490.05%flat27q-4.3%-$16.3K
WEC ENERGY GROUP INCWEC$363.5K3,1130.05%-0.02pp23q-15.9%-$68.5K
MEDTRONIC PLCMDT$352.1K4,5010.05%-0.01pp27q+2.8%+$9.5K
TKO GROUP HOLDINGS INCTKO$350.3K1,7400.05%-0.01pp3q-7.0%-$26.2K
CROSSMARK ETF TRUSTCLCG$349.4K12,0660.05%-newNEW
ISHARES TRIBB$340.2K1,7890.05%-0.01pp27q-19.2%-$80.6K
ORACLE CORPORCL$330.3K2,2540.05%+0.01pp27q+49.5%+$109.3K
CINTAS CORPCTAS$324.9K1,9100.05%-0.04pp11q-36.1%-$183.7K
PALANTIR TECHNOLOGIES INCPLTR$324.3K2,7800.05%-0.02pp7q+6.4%+$19.4K
LINDE PLCLIN$316.1K6090.05%+0.01pp2q+44.3%+$97.1K
ATMOS ENERGY CORPATO$314.1K1,8230.05%-0.01pp19q-5.4%-$17.9K
ISHARES TRMUB$310.2K2,8820.05%flat21q+4.7%+$13.9K
CORNING INCGLW$297.1K1,1630.04%-newNEW
CROSSMARK ETF TRUSTCLCV$295.1K9,8620.04%-newNEW
AUTOMATIC DATA PROCESSING INADP$294.5K1,3150.04%flat25q-6.2%-$19.5K
QUALCOMM INCQCOM$294.2K1,5920.04%flat27q-23.1%-$88.3K
ACCENTURE PLC IRELANDACN$286.2K2,3000.04%-0.05pp19q-15.6%-$52.9K
VANGUARD BD INDEX FDSBIV$285.9K3,7270.04%-0.01pp16q-2.8%-$8.1K
ARES MANAGEMENT CORPORATIONARES$285.4K2,5640.04%-0.02pp19q-25.9%-$99.8K
VANGUARD MUN BD FDSVTEB$279.9K5,5330.04%-0.01pp7qHELD
GENERAL DYNAMICS CORPGD$277.4K7830.04%-0.01pp26q-6.1%-$18.1K
MOTOROLA SOLUTIONS INCMSI$265.4K6390.04%-0.02pp7q-16.0%-$50.7K
INTUITIVE SURGICAL INCISRG$264.5K6650.04%-newNEW
RTX CORPORATIONRTX$263.3K1,3880.04%-0.01pp9q-7.8%-$22.2K
MCDONALDS CORPMCD$259.7K9610.04%-0.01pp13q+1.6%+$4.1K
S&P GLOBAL INCSPGI$253.3K6220.04%-0.01pp26q-11.1%-$31.8K
THOMSON REUTERS CORPTRI$253.1K3,0990.04%-newNEW
REPUBLIC SVCS INCRSG$251.7K1,1810.04%-0.02pp27q-25.4%-$85.7K
BRITISH AMERN TOB PLCBTI$251.4K4,0700.04%-newNEW
CME GROUP INCCME$250.5K1,1340.04%-0.02pp27q-3.7%-$9.7K
ISHARES TRIWL$243.2K1,3150.04%flat2qHELD
LENNAR CORPLEN$242.0K2,6740.04%-0.01pp22q-7.0%-$18.3K
CRH PLCCRH$241.4K2,2560.04%-newNEW
SPOTIFY TECHNOLOGY S ASPOT$239.7K5220.04%-newNEW
JPMORGAN CHASE & COJPM$238.3K7280.04%-newNEW
EOG RES INCEOG$230.8K1,7790.03%-0.02pp18q-13.3%-$35.4K
INTUITINTU$228.6K8760.03%-0.03pp24q+2.9%+$6.5K
GILEAD SCIENCES INCGILD$226.7K1,7940.03%-0.02pp27q-19.1%-$53.6K
VANGUARD INDEX FDSVBR$225.5K9280.03%flat22qHELD
STERIS PLCSTE$225.1K1,0690.03%-0.01pp27q-15.0%-$39.8K
SMITH A O CORPAOS$223.7K3,5660.03%-0.01pp22q-5.4%-$12.7K
CATERPILLAR INCCAT$221.5K2080.03%-newNEW
HOWMET AEROSPACE INCHWM$221.3K8230.03%-newNEW
COCA COLA COKO$220.1K2,7080.03%-newNEW
ILLUMINA INCILMN$219.1K1,2460.03%-newNEW
CARDINAL HEALTH INCCAH$218.3K9190.03%-newNEW
MERCK & CO INCMRK$216.0K1,6810.03%-newNEW
CRA INTL INCCRAI$206.9K1,4540.03%-0.01pp7q-10.2%-$23.5K
PEPSICO INCPEP$204.9K1,5130.03%-0.01pp2q+12.7%+$23.2K
ARCHER DANIELS MIDLAND COADM$203.8K2,6670.03%flat2q-3.4%-$7.3K
KLA CORPKLAC$201.5K6680.03%-newNEW
VEEVA SYS INCVEEV$201.4K1,1350.03%-0.01pp6q-6.8%-$14.7K
ISHARES TRESGU$201.3K1,2300.03%-newNEW
STRYKER CORPORATIONSYK$200.6K6370.03%-0.02pp26q-31.3%-$91.3K
CION INVT CORPCION$68.8K11,0460.01%flat19qHELD

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 2.2%Software & IT Services 1.8%Computer Hardware 1.6%Other sectors 6.1%Not classified 88.2%
 
SectorValueShare
Semiconductors & Electronics$14.9M2.2%
Software & IT Services$12.4M1.8%
Computer Hardware$10.9M1.6%
Other sectors$41.1M6.1%
Not classified$593.7M88.2%

Quarter by quarter

QuarterValuePositions NewAddedTrimmed ExitedTop 10 Days to file
Q2 2026$673.0M2072968922142.8%36
Q1 2026$586.2M19918611102639.9%27
Q4 2025$579.9M20713601232239.6%36
Q3 2025$555.0M21611721202936.6%35
Q2 2025$523.3M23427341683934.2%42
Q1 2025$564.2M24635114821633.8%32
Q4 2024$558.8M2272599902334.6%43
Q3 2024$557.6M22525861053035.1%44
Q2 2024$512.0M2304188963235.5%45
Q1 2024$498.2M22137581162834.4%43
Q4 2023$484.5M21239571074237.4%43
Q3 2023$438.6M2153899592638.3%44
Q2 2023$442.4M203189277239.5%18
Q1 2023$417.3M1872868764340.6%41
Q4 2022$393.8M2025045921640.6%41
Q3 2022$391.0M16810106371044.9%45
Q2 2022$395.2M1681575684546.2%40
Q1 2022$431.4M19828106583047.6%40
Q4 2021$446.2M2003590611846.2%38
Q3 2021$408.8M183248650547.7%29
Q2 2021$395.5M164119845951.6%44
Q1 2021$355.2M162417837851.1%40
Q4 2020$319.8M1292960322256.7%34
Q3 2020$284.7M12278325955.0%43
Q2 2020$262.5M124177030855.5%31
Q1 2020$234.1M1153159253060.2%28
Q4 2019$233.7M114000052.1%52

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.