Kapstone Financial Advisors LLC
Reported holdings as of Q2 2026, from 15 quarterly filings.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| ISHARES TR | IVV | $45.9M | 61,329 | +0.19pp | 15q | +3.1%+$1.4M | |
| APPLE INC | AAPL | $17.9M | 61,991 | -0.35pp | 15q | -1.9%-$348.4K | |
| ISHARES TR | HDV | $13.7M | 498,717 | -0.88pp | 15q | +402.1%+$10.9M | |
| ISHARES TR | IVW | $7.4M | 53,760 | +0.51pp | 15q | +15.4%+$987.6K | |
| INVESCO QQQ TR | QQQ | $5.5M | 7,460 | +0.28pp | 15q | +4.2%+$222.4K | |
| ALPHABET INC | GOOGL | $5.3M | 14,812 | +0.10pp | 15q | -1.3%-$71.5K | |
| PROCTER & GAMBLE CO | PG | $5.0M | 33,936 | -0.19pp | 15q | +5.5%+$259.0K | |
| PALANTIR TECHNOLOGIES INC | PLTR | $5.0M | 42,616 | -0.83pp | 15q | +4.7%+$224.8K | |
| VANGUARD WHITEHALL FDS | VYM | $4.6M | 29,163 | -0.21pp | 15q | -1.1%-$51.5K | |
| META PLATFORMS INC | META | $4.6M | 8,110 | -0.46pp | 15q | -4.3%-$207.3K | |
| MICROSOFT CORP | MSFT | $4.5M | 12,065 | -0.16pp | 15q | +6.8%+$286.1K | |
| NVIDIA CORPORATION | NVDA | $4.1M | 20,357 | -0.03pp | 15q | HELD | |
| ABBVIE INC | ABBV | $3.8M | 15,264 | +0.16pp | 15q | +12.1%+$413.2K | |
| ISHARES TR | IWF | $3.6M | 29,236 | -0.01pp | 15q | +298.7%+$2.7M | |
| ALPHABET INC | GOOG | $3.3M | 9,308 | +0.06pp | 15q | HELD | |
| ISHARES TR | DVY | $3.3M | 20,948 | -0.20pp | 15q | -0.9%-$30.8K | |
| JPMORGAN CHASE & CO | JPM | $3.1M | 9,463 | -0.02pp | 15q | +3.4%+$102.5K | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $3.0M | 6,093 | -0.19pp | 15q | -2.8%-$87.1K | |
| ISHARES BITCOIN TRUST ETF | IBIT | $2.6M | 77,664 | -0.05pp | 3q | +28.6%+$574.3K | |
| MICRON TECHNOLOGY INC | MU | $2.5M | 2,197 | +0.63pp | 13q | -16.4%-$497.5K | |
| FIDELITY COVINGTON TRUST | FENI | $2.2M | 54,777 | +0.10pp | 2q | +21.7%+$391.3K | |
| AMAZON COM INC | AMZN | $2.2M | 9,142 | -0.01pp | 15q | +0.9%+$20.0K | |
| JOHNSON & JOHNSON | JNJ | $2.1M | 8,363 | -0.01pp | 15q | +11.8%+$225.0K | |
| EXXON MOBIL CORP | XOMXXXX | $2.1M | 15,357 | -0.19pp | 15q | +19.8%+$347.7K | |
| CISCO SYS INC | CSCO | $2.1M | 17,643 | +0.23pp | 15q | +5.3%+$104.2K | |
| FIRST TR EXCHANGE-TRADED FD | FTCS | $2.0M | 20,949 | -0.14pp | 14q | -0.9%-$17.9K | |
| ISHARES TR | DGRO | $1.8M | 23,729 | -0.06pp | 15q | +0.9%+$16.7K | |
| STATE STR SPDR S&P 500 ETF T | SPY | $1.7M | 2,300 | flat | 15q | +1.4%+$23.9K | |
| GOLDMAN SACHS GROUP INC | GS | $1.5M | 1,532 | +0.51pp | 2q | +361.4%+$1.2M | |
| INVESCO EXCHANGE TRADED FD T | RSPT | $1.5M | 23,540 | +0.11pp | 15q | HELD | |
| LCNB CORP | LCNB | $1.5M | 85,667 | -0.03pp | 15q | HELD | |
| FIRST TR EXCHANGE-TRADED FD | FTGS | $1.4M | 38,992 | -0.06pp | 11q | -1.5%-$22.3K | |
| STRATEGY INC | MSTR | $1.4M | 16,590 | -0.40pp | 14q | +0.5%+$7.8K | |
| PHILIP MORRIS INTL INC | PM | $1.4M | 7,789 | -0.04pp | 15q | HELD | |
| VANGUARD INDEX FDS | VOE | $1.4M | 7,095 | -0.05pp | 2q | HELD | |
| VANGUARD INDEX FDS | VTV | $1.4M | 6,249 | +0.26pp | 2q | +94.8%+$662.7K | |
| CARDINAL HEALTH INC | CAH | $1.4M | 5,719 | -0.02pp | 15q | +1.3%+$17.3K | |
| ANALOG DEVICES INC | ADI | $1.3M | 3,252 | +0.04pp | 15q | HELD | |
| FIRST TR EXCHANGE-TRADED FD | RDVY | $1.2M | 15,149 | -0.01pp | 15q | -3.0%-$38.4K | |
| MERCK & CO INC | MRK | $1.2M | 8,968 | -0.05pp | 15q | HELD | |
| MARATHON PETE CORP | MPC | $1.1M | 4,490 | -0.15pp | 15q | -14.3%-$191.8K | |
| COCA COLA CO | KO | $1.1M | 13,968 | +0.15pp | 15q | +57.6%+$414.9K | |
| VISA INC | V | $1.1M | 3,170 | -0.01pp | 15q | +0.6%+$6.2K | |
| ALTRIA GROUP INC | MO | $1.1M | 15,041 | -0.04pp | 15q | -1.1%-$11.8K | |
| VANGUARD INDEX FDS | VUG | $1.1M | 12,390 | +0.27pp | 2q | +1385.6%+$995.4K | |
| COSTCO WHOLESALE CORPORATION | COST | $1.0M | 1,122 | -0.11pp | 7q | HELD | |
| INVESCO EXCH TRADED FD TR II | SPMO | $1.0M | 6,481 | +0.25pp | 2q | +86.7%+$486.1K | |
| LAM RESEARCH CORP | LRCX | $985.0K | 2,273 | +0.17pp | 3q | HELD | |
| VANGUARD INDEX FDS | VBR | $967.1K | 3,980 | -0.03pp | 2q | -2.4%-$23.6K | |
| UBER TECHNOLOGIES INC | UBER | $940.9K | 13,039 | -0.12pp | 5q | -11.2%-$119.1K | |
| DUKE ENERGY CORP NEW | DUK | $929.0K | 7,339 | -0.08pp | 15q | HELD | |
| CUMMINS INC | CMI | $871.2K | 1,222 | +0.04pp | 15q | HELD | |
| FIDELITY MERRIMACK STR TR | FCOR | $859.5K | 18,228 | -0.01pp | 2q | +14.5%+$109.1K | |
| VANGUARD INDEX FDS | VV | $848.4K | 2,467 | +0.01pp | 3q | +3.8%+$31.3K | |
| CSX CORP | CSX | $832.5K | 17,515 | -0.03pp | 15q | -6.4%-$57.0K | |
| BERKSHIRE HATHAWAY INC DEL | BRKA | $748.9K | 1 | -0.04pp | 11q | HELD | |
| LOCKHEED MARTIN CORP | LMT | $746.9K | 1,466 | -0.06pp | 15q | +15.0%+$97.3K | |
| VANECK ETF TRUST | SMH | $728.0K | 1,110 | +0.18pp | 2q | +70.5%+$301.1K | |
| AXON ENTERPRISE INC | AXON | $719.3K | 1,283 | +0.02pp | 8q | -4.7%-$35.3K | |
| HUNTINGTON BANCSHARES INC | HBAN | $711.4K | 40,122 | -0.01pp | 15q | HELD | |
| VANECK ETF TRUST | MOAT | $680.6K | 6,547 | -0.03pp | 2q | HELD | |
| CHEVRON CORPORATION | CVX | $678.3K | 4,092 | -0.62pp | 15q | -53.9%-$793.7K | |
| J P MORGAN EXCHANGE TRADED F | JEPQ | $669.6K | 10,895 | +0.03pp | 4q | +20.5%+$113.9K | |
| MARTIN MARIETTA MATLS INC | MLM | $668.4K | 1,159 | -0.08pp | 15q | -7.9%-$57.1K | |
| VULCAN MATLS CO | VMC | $656.4K | 2,225 | -0.05pp | 15q | -7.3%-$51.6K | |
| PAYCHEX INC | PAYX | $653.4K | 6,645 | -0.04pp | 15q | -2.9%-$19.7K | |
| CATERPILLAR INC | CAT | $646.4K | 607 | +0.06pp | 2q | HELD | |
| HOME DEPOT INC | HD | $632.0K | 1,792 | -0.03pp | 15q | -2.4%-$15.5K | |
| SPDR GOLD TR | GLD | $596.8K | 1,620 | -0.01pp | 3q | +32.7%+$147.0K | |
| BANK OF AMER CORP | BAC | $595.6K | 10,452 | -0.01pp | 15q | -2.5%-$15.4K | |
| IRON MTN INC DEL | IRM | $590.6K | 4,676 | flat | 13q | -5.6%-$34.9K | |
| SPDR SERIES TRUST | SDY | $579.2K | 3,806 | -0.03pp | 15q | HELD | |
| FIRST TR EXCHANGE TRADED FD | GRID | $575.9K | 3,003 | +0.04pp | 2q | +19.6%+$94.4K | |
| NEBIUS GROUP N.V. | NBIS | $552.3K | 2,000 | +0.13pp | 2q | HELD | |
| VANGUARD SPECIALIZED FUNDS | VIG | $539.3K | 2,279 | - | new | NEW | |
| FIDELITY WISE ORIGIN BITCOIN | FBTC | $536.3K | 10,505 | -0.12pp | 3q | -10.6%-$63.6K | |
| AMERICAN EXPRESS CO | AXP | $531.7K | 1,572 | -0.01pp | 15q | +0.5%+$2.7K | |
| SOUTHERN CO | SO | $518.3K | 5,415 | -0.05pp | 15q | -3.3%-$17.8K | |
| FIRST TR EXCHANGE-TRADED FD | FVD | $502.2K | 10,424 | -0.03pp | 2q | -2.1%-$10.6K | |
| INTUITIVE SURGICAL INC | ISRG | $489.1K | 1,230 | -0.08pp | 15q | -1.4%-$7.2K | |
| CORNING INC | GLW | $487.4K | 1,908 | +0.08pp | 2q | HELD | |
| CINCINNATI FINL CORP | CINF | $470.0K | 2,539 | flat | 15q | HELD | |
| STATE STR SPDR DOW JONES IND | DIA | $454.0K | 869 | -0.01pp | 5q | HELD | |
| SELECT SECTOR SPDR TR | XLE | $445.2K | 8,383 | -0.06pp | 15q | +2.5%+$11.0K | |
| FIRST TR EXCHANGE-TRADED FD | QTEC | $445.1K | 1,330 | +0.04pp | 13q | -3.1%-$14.4K | |
| D R HORTON INC | DHI | $430.0K | 2,640 | flat | 11q | HELD | |
| NOVARTIS AG | NVS | $422.4K | 2,695 | -0.02pp | 13q | HELD | |
| ELI LILLY & CO | LLY | $421.0K | 351 | +0.06pp | 3q | +39.3%+$118.7K | |
| VANGUARD INDEX FDS | VTI | $417.8K | 1,129 | flat | 11q | HELD | |
| VANGUARD BD INDEX FDS | VUSB | $412.2K | 8,280 | - | new | NEW | |
| ISHARES TR | IEFA | $404.8K | 4,191 | -0.02pp | 6q | -3.5%-$14.5K | |
| DELTA AIR LINES INC | DAL | $402.0K | 4,292 | +0.03pp | 15q | HELD | |
| APPLIED MATLS INC | AMAT | $390.4K | 540 | - | new | NEW | |
| VANGUARD INDEX FDS | VO | $382.2K | 4,744 | - | new | NEW | |
| ISHARES TR | IYY | $373.9K | 2,051 | flat | 3q | HELD | |
| ABRDN GLOBAL DYNAMIC DIVIDEN | AGD | $371.1K | 30,640 | flat | 7q | +7.0%+$24.2K | |
| BLACKROCK MUNIYIELD QUALITY | MYI | $368.2K | 33,145 | -0.04pp | 2q | -14.2%-$60.9K | |
| COREWEAVE INC | CRWV | $351.9K | 3,535 | +0.01pp | 5q | +1.4%+$4.8K | |
| CITIGROUP INC | C | $351.0K | 2,508 | +0.01pp | 3q | HELD | |
| MASTERCARD INCORPORATED | MA | $347.7K | 677 | -0.02pp | 15q | HELD | |
| VANGUARD INDEX FDS | VB | $347.4K | 1,146 | - | new | NEW | |
| FIFTH THIRD BANCORP | FITB | $346.4K | 6,146 | flat | 15q | -1.6%-$5.6K | |
| BRISTOL-MYERS SQUIBB CO | BMY | $344.4K | 5,977 | -0.05pp | 15q | -6.2%-$22.9K | |
| FEDEX CORP | FDX | $344.1K | 1,099 | -0.05pp | 15q | HELD | |
| NEOS ETF TRUST | QQQI | $343.2K | 6,044 | +0.04pp | 3q | +48.5%+$112.2K | |
| ADVANCED MICRO DEVICES INC | AMD | $338.1K | 582 | - | new | NEW | |
| ISHARES TR | IWB | $331.7K | 810 | flat | 10q | HELD | |
| PROGRESSIVE CORP | PGR | $331.0K | 1,515 | -0.01pp | 12q | HELD | |
| HANCOCK JOHN PFD INCOME FD I | HPF | $329.2K | 20,743 | -0.01pp | 2q | +10.7%+$31.7K | |
| COHEN & STEERS CLOSED-END | FOF | $328.8K | 23,690 | -0.01pp | 9q | HELD | |
| PROSHARES TR | NOBL | $322.2K | 5,738 | -0.03pp | 15q | +81.1%+$144.3K | |
| WISDOMTREE TR | DTD | $318.2K | 3,412 | -0.01pp | 15q | -2.5%-$8.2K | |
| ISHARES TR | IVE | $313.7K | 1,382 | -0.01pp | 5q | HELD | |
| BOEING CO | BA | $313.2K | 1,447 | -0.01pp | 15q | HELD | |
| INTERNATIONAL BUSINESS MACHS | IBM | $311.9K | 1,109 | flat | 2q | HELD | |
| GOLDMAN SACHS ETF TR | GPIQ | $303.4K | 5,115 | - | new | NEW | |
| RTX CORPORATION | RTX | $302.2K | 1,593 | flat | 2q | +21.8%+$54.1K | |
| GLOBAL X FDS | QYLD | $299.5K | 16,253 | -0.01pp | 9q | HELD | |
| WALMART INC | WMT | $298.9K | 2,639 | -0.05pp | 9q | -8.0%-$26.0K | |
| FIRST TR EXCHANGE-TRADED FD | FTQI | $298.7K | 13,520 | -0.01pp | 3q | HELD | |
| FIRST TR EXCHANGE TRADED FD | FPX | $296.7K | 1,439 | +0.01pp | 5q | -2.8%-$8.7K | |
| BLACKROCK ENHANCED EQUITY DI | BDJ | $296.1K | 30,936 | -0.01pp | 9q | HELD | |
| MCDONALDS CORP | MCD | $291.7K | 1,079 | -0.04pp | 15q | HELD | |
| NUCOR CORP | NUE | $287.3K | 1,290 | +0.01pp | 3q | HELD | |
| FORD MTR CO | F | $287.1K | 20,654 | -0.01pp | 15q | -12.2%-$39.8K | |
| VALERO ENERGY CORP | VLO | $278.4K | 1,069 | -0.01pp | 2q | HELD | |
| NEOS ETF TRUST | SPYI | $276.9K | 5,215 | - | new | NEW | |
| KROGER CO | KR | $276.7K | 4,983 | -0.06pp | 13q | HELD | |
| SEAGATE TECHNOLOGY HLDNGS PL | STX | $275.0K | 285 | - | new | NEW | |
| VANECK ETF TRUST | BUZZ | $271.2K | 7,341 | - | new | NEW | |
| ISHARES TR | IJR | $269.2K | 1,815 | flat | 11q | -0.5%-$1.5K | |
| SELECT SECTOR SPDR TR | XLF | $267.5K | 4,989 | -0.01pp | 11q | HELD | |
| VANGUARD BD INDEX FDS | BSV | $260.6K | 3,345 | - | new | NEW | |
| UNION PAC CORP | UNP | $253.0K | 930 | flat | 11q | HELD | |
| INVESCO EXCHANGE TRADED FD T | PWB | $248.8K | 1,477 | - | new | NEW | |
| MCKESSON CORP | MCK | $248.6K | 329 | -0.04pp | 7q | HELD | |
| STATE STR SPDR S&P MIDCAP 40 | MDY | $247.6K | 352 | flat | 4q | HELD | |
| BROADCOM INC | AVGO | $247.0K | 654 | - | new | NEW | |
| VERIZON COMMUNICATIONS INC | VZ | $245.6K | 5,801 | -0.04pp | 15q | -1.7%-$4.2K | |
| VANGUARD WORLD FD | VHT | $244.6K | 818 | - | new | NEW | |
| LOWES COS INC | LOW | $236.1K | 1,071 | -0.04pp | 15q | -7.7%-$19.6K | |
| AMERICAN ELEC PWR CO INC | AEP | $235.7K | 1,723 | -0.01pp | 2q | HELD | |
| BLACKSTONE INC | BX | $235.7K | 2,003 | -0.02pp | 8q | -3.7%-$9.2K | |
| FIREFLY AEROSPACE INC | FLY | $235.7K | 8,016 | - | new | NEW | |
| NUVEEN S&P 500 DYNAMIC OVERW | SPXX | $234.9K | 12,601 | flat | 2q | HELD | |
| CONSOLIDATED EDISON INC | ED | $233.5K | 2,111 | -0.02pp | 6q | HELD | |
| ELEVANCE HEALTH INC FORMERLY | ELV | $230.1K | 595 | - | new | NEW | |
| SPDR SERIES TRUST | SPYM | $229.4K | 2,610 | - | new | NEW | |
| VANGUARD INTL EQUITY INDEX F | VWO | $228.7K | 3,831 | - | new | NEW | |
| MORGAN STANLEY | MS | $228.1K | 1,091 | - | new | NEW | |
| VANGUARD WORLD FD | VFH | $225.3K | 1,712 | -0.01pp | 2q | HELD | |
| ASTRAZENECA PLC | AZN | $224.5K | 1,184 | - | new | NEW | |
| GLOBAL X FDS | XYLD | $223.4K | 5,476 | -0.01pp | 3q | HELD | |
| ENTERPRISE PRODS PARTNERS L | EPD | $222.8K | 6,060 | -0.02pp | 2q | HELD | |
| EATON CORP PLC | ETN | $216.9K | 509 | - | new | NEW | |
| DISNEY WALT CO | DIS | $214.9K | 2,233 | -0.02pp | 15q | HELD | |
| CONSTRUCTION PARTNERS INC | ROAD | $213.8K | 1,800 | -0.01pp | 2q | HELD | |
| BLACKROCK FLOATING RATE INC | BGT | $211.4K | 19,830 | -0.02pp | 2q | HELD | |
| WELLS FARGO & CO | WFC | $211.3K | 2,557 | -0.01pp | 5q | HELD | |
| GE AEROSPACE | GE | $210.0K | 562 | - | new | NEW | |
| FIRST TR EXCHANGE-TRADED FD | FBT | $206.7K | 834 | - | new | NEW | |
| ABRDN TOTAL DYNAMIC DIVIDEND | AOD | $206.7K | 20,050 | flat | 3q | HELD | |
| ISHARES TR | IMCB | $206.3K | 2,136 | - | new | NEW | |
| ABRDN WORLD HEALTHCARE FUND | THW | $206.0K | 15,370 | flat | 9q | HELD | |
| PNC FINL SVCS GROUP INC | PNC | $200.9K | 816 | - | new | NEW | |
| ORACLE CORP | ORCL | $200.8K | 1,370 | - | new | NEW | |
| GABELLI EQUITY TR INC | GAB | $194.9K | 34,435 | flat | 9q | +9.8%+$17.5K | |
| EATON VANCE TAX-MANAGED DIVE | ETY | $192.9K | 13,266 | -0.01pp | 7q | HELD | |
| HIGHLAND GLOBAL ALLOCATION F | HGLB | $176.4K | 23,455 | - | new | NEW | |
| EATON VANCE TAX-MANAGED BUY- | ETV | $166.4K | 11,185 | -0.01pp | 7q | HELD | |
| GUGGENHEIM STRATEGIC OPPORTU | GOF | $132.5K | 12,130 | -0.01pp | 5q | -3.5%-$4.8K | |
| EATON VANCE MUN INCOME TR | EVN | $117.0K | 10,390 | flat | 2q | HELD | |
| VOYA GLBL ADV & PREM OPP FD | IGA | $101.9K | 10,290 | -0.01pp | 2q | HELD | |
| PUTNAM ETF TRUST | FTOH | $85.7K | 10,108 | -0.01pp | 2q | HELD | |
| NET POWER INC | NPWR | $29.1K | 17,395 | flat | 7q | 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 |
|---|---|---|
| Software & IT Services | $23.7M | 9.9% |
| Computer Hardware | $20.6M | 8.6% |
| Funds & ETFs | $11.5M | 4.8% |
| Semiconductors & Electronics | $9.1M | 3.8% |
| Banks & Lending | $9.0M | 3.8% |
| Biotech & Pharma | $8.5M | 3.6% |
| Capital Markets | $5.7M | 2.4% |
| Chemicals | $5.0M | 2.1% |
| Retail & Consumer | $5.0M | 2.1% |
| Insurance | $4.8M | 2.0% |
| Food, Drink & Tobacco | $3.6M | 1.5% |
| Other sectors | $20.1M | 8.4% |
| Not classified | $112.1M | 46.9% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $238.8M | 175 | 27 | 43 | 41 | 6 | 48.1% | 38 |
| Q1 2026 | $204.1M | 154 | 32 | 51 | 24 | 11 | 49.9% | 22 |
| Q4 2025 | $201.2M | 133 | 17 | 32 | 35 | 6 | 55.5% | 36 |
| Q3 2025 | $212.3M | 122 | 6 | 28 | 48 | 4 | 60.5% | 38 |
| Q2 2025 | $200.5M | 120 | 14 | 36 | 24 | 6 | 61.0% | 11 |
| Q1 2025 | $176.8M | 112 | 4 | 22 | 13 | 6 | 59.3% | 11 |
| Q4 2024 | $187.4M | 114 | 11 | 17 | 41 | 5 | 60.5% | 37 |
| Q3 2024 | $165.0M | 108 | 7 | 20 | 25 | 7 | 57.9% | 37 |
| Q2 2024 | $152.5M | 108 | 11 | 22 | 35 | 5 | 57.3% | 33 |
| Q1 2024 | $146.9M | 102 | 5 | 24 | 22 | 0 | 56.4% | 43 |
| Q4 2023 | $127.5M | 97 | 11 | 28 | 30 | 5 | 56.1% | 36 |
| Q3 2023 | $111.0M | 91 | 1 | 20 | 22 | 10 | 56.1% | 34 |
| Q2 2023 | $120.8M | 100 | 11 | 27 | 38 | 5 | 55.5% | 39 |
| Q1 2023 | $110.9M | 94 | 5 | 18 | 16 | 10 | 55.3% | 20 |
| Q4 2022 | $109.8M | 99 | 0 | 0 | 0 | 0 | 54.0% | 46 |
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.