Addison Advisors

MIDDLEBURY, VTfiles as Addison Advisors LLC

$212m in 690 US stocks at the end of 30 June 2026. The top 10 are 39.3% of the money. It changed about 19.4% of the portfolio this quarter.

Value

$212m

Stocks

690

Top 10 share

39.3%

Turnover

19.4%

What changed this quarter

New

Bought for the first time this quarter.

Vanguard Malvern FDSVPLS
0.1% of the fund
Honeywell InternationalHON
<0.1% of the fund
Honeywell AerospaceHONA
<0.1% of the fund
Schwab Strategic TRSCHI
<0.1% of the fund
Schwab Strategic TRSMBS
<0.1% of the fund
Ishares TRMBB
<0.1% of the fund
Ishares TRIBMU
<0.1% of the fund
Ishares TRIBMV
<0.1% of the fund
Schwab Strategic TRSCHX
<0.1% of the fund
DBX ETF TRHDEF
<0.1% of the fund
Brown & BrownBRO
<0.1% of the fund
Schwab Strategic TRSCHH
<0.1% of the fund
NVRNVR
<0.1% of the fund
CNA FinancialCNA
<0.1% of the fund
Mohawk IndustriesMHK
<0.1% of the fund
Fidelity National Information ServicesFIS
<0.1% of the fund
VersigentVGNT
<0.1% of the fund
International PaperIP
<0.1% of the fund
AtlassianTEAM
<0.1% of the fund
Spdr Series TrustEBND
<0.1% of the fund
Pilgrims PridePPC
<0.1% of the fund
Invesco Exch Traded FD TR IIBKLN
<0.1% of the fund
GenpactG
<0.1% of the fund
Spdr Series TrustSPIP
<0.1% of the fund
C. H. Robinson WorldwideCHRW
<0.1% of the fund

Added

Bought more of a stock they already held.

Vanguard Whitehall FDSVIGI
3.5% of the fund
+3%
Wisdomtree TRDXJ
0.8% of the fund
+111%
First TR Exchange-Traded FDGRID
0.7% of the fund
+65%
Ishares TRIVV
0.6% of the fund
+25%
Invesco Exch TRD SLF IDX FDBSCZ
0.2% of the fund
+466%
Ishares TRSTIP
0.1% of the fund
+281%
Invesco Exch TRD SLF IDX FDBSMZ
0.1% of the fund
+74%
Ishares TRIBMT
<0.1% of the fund
+58%
Ishares TREFA
<0.1% of the fund
+18%
Ishares TRIBMS
<0.1% of the fund
+44%
Ishares TRIBMO
<0.1% of the fund
+295%
Ishares TRIBMP
<0.1% of the fund
+282%
Ishares TRIBMR
<0.1% of the fund
+238%
Ishares TRIBMQ
<0.1% of the fund
+238%
Ishares TRESGU
<0.1% of the fund
+5%
Schwab Strategic TRSCHA
<0.1% of the fund
+15%
Schwab Strategic TRSCHD
<0.1% of the fund
+42%
Vanguard Calif TAX Free FDSVTEC
<0.1% of the fund
+14%
Schwab Strategic TRSCHP
<0.1% of the fund
+40%
MetLifeMET
<0.1% of the fund
+8%
BETA TechnologiesBETA
<0.1% of the fund
+8%
Ishares TRAOA
<0.1% of the fund
+10%
OktaOKTA
<0.1% of the fund
+11%
Avalonbay CommunitiesAVB
<0.1% of the fund
+244%
AssurantAIZ
<0.1% of the fund
+57%

Cut

Sold some of their stake.

Vanguard Specialized FundsVIG
6.3% of the fund
-42%
Vanguard Malvern FDSVTIP
5.0% of the fund
-51%
Ishares TRVLUE
4.4% of the fund
-60%
Vanguard Index FDSVUG
4.3% of the fund
-50%
Vanguard Scottsdale FDSVGIT
4.0% of the fund
-57%
Dimensional ETF TrustDFUV
3.4% of the fund
-51%
Vanguard Malvern FDSVCRB
3.2% of the fund
-50%
Vanguard Charlotte FDSBNDX
2.6% of the fund
-56%
Vanguard Index FDSVOT
2.6% of the fund
-54%
Dimensional ETF TrustDFIS
1.9% of the fund
-41%
Dimensional ETF TrustDFIV
1.8% of the fund
-27%
Vanguard Intl Equity Index FVGK
1.6% of the fund
-30%
Ishares TRSMLF
1.4% of the fund
-53%
Invesco Exch TRD SLF IDX FDBSCT
1.4% of the fund
-49%
Invesco Exch TRD SLF IDX FDBSCY
1.4% of the fund
-47%
Invesco Exch TRD SLF IDX FDBSCU
1.4% of the fund
-51%
Invesco Exch TRD SLF IDX FDBSCW
1.4% of the fund
-52%
Invesco Exch TRD SLF IDX FDBSCV
1.4% of the fund
-52%
Invesco Exch Traded FD TR IICGW
1.3% of the fund
-57%
Dimensional ETF TrustDFSU
1.3% of the fund
-40%
Dimensional ETF TrustDFSI
1.3% of the fund
-36%
Invesco Exch TRD SLF IDX FDBSCX
1.2% of the fund
-53%
Ishares TRIBCA
1.2% of the fund
-46%
Ishares TRLRGF
1.2% of the fund
-49%
Schwab Strategic TRSCHR
1.2% of the fund
-23%

Sold out

Sold their entire stake.

Berkshire Hathaway INC DELBRK-A
-100%
Nushares ETF TRNUSC
-100%
Flexshares TRQDF
-100%
Cardinal HealthCAH
-100%
Invesco Exchange Traded FD TRSPT
-100%
Nushares ETF TRNUEM
-100%
Ishares TRDGRO
-100%
Sprott Asset Management LPCEF
-100%
Avery DennisonAVY
-100%
Quest DiagnosticsDGX
-100%
BrookfieldBN
-100%
Phillips 66PSX
-100%
Baxter InternationalBAX
-100%
Vanguard Intl Equity Index FVT
-100%
Honeywell InternationalHON
-100%
XPOXPO
-100%
Select Sector Spdr TRXLC
-100%
Ishares TRIXN
-100%
American Centy ETF TRMID
-100%
Invesco Exch Traded FD TR IIPZA
-100%
AonAON
-100%
Select Sector Spdr TRXLE
-100%
LoewsL
-100%
Vanguard World FDMGK
-100%
Spdr Series TrustFLRN
-100%

Holdings

Vanguard Specialized FundsVIG
Share
6.3%
Value
$13m
Shares
56,605
-42%
Vanguard Malvern FDSVTIP
Share
5.0%
Value
$11m
Shares
210,304
-51%
Ishares TRVLUE
Share
4.4%
Value
$9m
Shares
46,219
-60%
Vanguard Index FDSVUG
Share
4.3%
Value
$9m
Shares
106,154
-50%
Vanguard Scottsdale FDSVGIT
Share
4.0%
Value
$9m
Shares
144,585
-57%
Vanguard Whitehall FDSVIGI
Share
3.5%
Value
$7m
Shares
79,461
+3%
Dimensional ETF TrustDFUV
Share
3.4%
Value
$7m
Shares
132,726
-51%
Vanguard Malvern FDSVCRB
Share
3.2%
Value
$7m
Shares
87,737
-50%
Vanguard Charlotte FDSBNDX
Share
2.6%
Value
$5m
Shares
112,872
-56%
Vanguard Index FDSVOT
Share
2.6%
Value
$5m
Shares
17,717
-54%
Dimensional ETF TrustDFIS
Share
1.9%
Value
$4m
Shares
117,508
-41%
Dimensional ETF TrustDFIV
Share
1.8%
Value
$4m
Shares
71,289
-27%
Vanguard Intl Equity Index FVGK
Share
1.6%
Value
$3m
Shares
37,695
-30%
Ishares TRSMLF
Share
1.4%
Value
$3m
Shares
33,862
-53%
Invesco Exch TRD SLF IDX FDBSCT
Share
1.4%
Value
$3m
Shares
158,647
-49%
Invesco Exch TRD SLF IDX FDBSCY
Share
1.4%
Value
$3m
Shares
141,877
-47%
Invesco Exch TRD SLF IDX FDBSCU
Share
1.4%
Value
$3m
Shares
175,307
-51%
Invesco Exch TRD SLF IDX FDBSCW
Share
1.4%
Value
$3m
Shares
140,019
-52%
Invesco Exch TRD SLF IDX FDBSCV
Share
1.4%
Value
$3m
Shares
175,107
-52%
Invesco Exch Traded FD TR IICGW
Share
1.3%
Value
$3m
Shares
42,997
-57%
Dimensional ETF TrustDFSU
Share
1.3%
Value
$3m
Shares
59,027
-40%
Dimensional ETF TrustDFSI
Share
1.3%
Value
$3m
Shares
59,271
-36%
Invesco Exch TRD SLF IDX FDBSCX
Share
1.2%
Value
$3m
Shares
124,613
-53%
Ishares TRIBCA
Share
1.2%
Value
$3m
Shares
101,327
-46%
Ishares TRLRGF
Share
1.2%
Value
$3m
Shares
34,140
-49%
Schwab Strategic TRSCHR
Share
1.2%
Value
$2m
Shares
101,040
-23%
Ishares TRIQLT
Share
0.9%
Value
$2m
Shares
36,489
-82%
Ishares TRIAGG
Share
0.8%
Value
$2m
Shares
35,546
-26%
AppleAAPL
Share
0.8%
Value
$2m
Shares
5,926
-76%
Wisdomtree TRDXJ
Share
0.8%
Value
$2m
Shares
9,842
+111%
Vanguard Intl Equity Index FVPL
Share
0.8%
Value
$2m
Shares
14,647
-55%
Select Sector Spdr TRXLP
Share
0.8%
Value
$2m
Shares
20,225
-47%
Ishares TRIBID
Share
0.7%
Value
$2m
Shares
60,275
-45%
Invesco Exch TRD SLF IDX FDBSCR
Share
0.7%
Value
$2m
Shares
80,576
-47%
Invesco Exchange Traded FD TPRF
Share
0.7%
Value
$2m
Shares
28,600
-9%
Ishares TRIBIE
Share
0.7%
Value
$2m
Shares
58,583
-46%
Invesco Exch TRD SLF IDX FDBSCQ
Share
0.7%
Value
$2m
Shares
78,481
-47%
Invesco Exch TRD SLF IDX FDBSCS
Share
0.7%
Value
$1m
Shares
73,342
-49%
NvidiaNVDA
Share
0.7%
Value
$1m
Shares
7,325
-65%
First TR Exchange-Traded FDGRID
Share
0.7%
Value
$1m
Shares
7,540
+65%
Ishares TRIBIC
Share
0.7%
Value
$1m
Shares
55,385
-46%
Wisdomtree TRDGS
Share
0.7%
Value
$1m
Shares
21,834
-62%
MicrosoftMSFT
Share
0.7%
Value
$1m
Shares
3,749
-77%
Vanguard World FDESGV
Share
0.6%
Value
$1m
Shares
10,310
-41%
Ishares TRIBDS
Share
0.6%
Value
$1m
Shares
55,314
-46%
Ishares TRIVV
Share
0.6%
Value
$1m
Shares
1,716
+25%
Ishares TRIWF
Share
0.5%
Value
$1m
Shares
8,458
-30%
Schwab Strategic TRFNDX
Share
0.5%
Value
$1m
Shares
33,107
-39%
Wisdomtree TRUSFR
Share
0.5%
Value
$984,242
Shares
19,548
-67%
Vanguard World FDVSGX
Share
0.4%
Value
$889,520
Shares
10,803
-39%
General ElectricGE
Share
0.4%
Value
$888,357
Shares
2,377
-67%
Spdr Index SHS FDSGMF
Share
0.4%
Value
$837,592
Shares
5,336
-67%
ExxonMobil HoldingsXOM
Share
0.4%
Value
$799,403
Shares
5,847
-72%
Vanguard Index FDSVTI
Share
0.3%
Value
$706,781
Shares
1,910
-28%
Vanguard Index FDSVO
Share
0.3%
Value
$698,381
Shares
8,668
-60%
Amazon.comAMZN
Share
0.3%
Value
$694,194
Shares
2,913
-61%
Ishares TRESML
Share
0.3%
Value
$692,370
Shares
12,379
-68%
Arista NetworksANET
Share
0.3%
Value
$682,239
Shares
4,016
-20%
AlphabetGOOGL
Share
0.3%
Value
$672,358
Shares
1,881
-79%
JPMorgan ChaseJPM
Share
0.3%
Value
$659,267
Shares
2,014
-80%
J P Morgan Exchange Traded FJVAL
Share
0.3%
Value
$650,025
Shares
11,085
-9%
Wisdomtree TRDLS
Share
0.3%
Value
$646,189
Shares
7,712
-54%
Nushares ETF TRNULV
Share
0.3%
Value
$597,231
Shares
11,947
-63%
CaterpillarCAT
Share
0.3%
Value
$578,242
Shares
543
-73%
BroadcomAVGO
Share
0.3%
Value
$572,756
Shares
1,516
-73%
Berkshire HathawayBRK-B
Share
0.3%
Value
$548,928
Shares
1,097
-86%
Ishares TRIMCG
Share
0.3%
Value
$541,142
Shares
5,505
-31%
Dimensional ETF TrustDFSE
Share
0.3%
Value
$536,258
Shares
10,971
-60%
Johnson & JohnsonJNJ
Share
0.3%
Value
$535,624
Shares
2,109
-78%
Dimensional ETF TrustDFAT
Share
0.2%
Value
$528,026
Shares
7,554
-71%
Invesco QQQ TRQQQ
Share
0.2%
Value
$518,168
Shares
704
-52%
GE VernovaGEV
Share
0.2%
Value
$513,517
Shares
437
-74%
Ishares TRIBDY
Share
0.2%
Value
$513,227
Shares
19,935
-36%
Select Sector Spdr TRXLI
Share
0.2%
Value
$494,009
Shares
2,667
-48%
AlphabetGOOG
Share
0.2%
Value
$492,189
Shares
1,393
-79%
Charles SchwabSCHW
Share
0.2%
Value
$484,879
Shares
5,255
-4%
Schwab Strategic TRFNDA
Share
0.2%
Value
$408,498
Shares
10,733
-88%
Home DepotHD
Share
0.2%
Value
$401,351
Shares
1,138
-75%
Walt DisneyDIS
Share
0.2%
Value
$391,160
Shares
4,064
-27%
Lam ResearchLRCX
Share
0.2%
Value
$377,864
Shares
872
-70%
Meta PlatformsMETA
Share
0.2%
Value
$371,922
Shares
660
-33%
Applied MaterialsAMAT
Share
0.2%
Value
$368,007
Shares
509
-74%
Schwab Strategic TRSCHF
Share
0.2%
Value
$346,001
Shares
12,491
-2%
Invesco Exch TRD SLF IDX FDBSMY
Share
0.2%
Value
$344,009
Shares
13,955
-40%
Taiwan Semiconductor ManufacturingTSM
Share
0.2%
Value
$339,075
Shares
710
-83%
Invesco Exch TRD SLF IDX FDBSCZ
Share
0.2%
Value
$333,989
Shares
16,316
+466%
Eli LillyLLY
Share
0.2%
Value
$328,001
Shares
273
-80%
Schwab Strategic TRFNDC
Share
0.2%
Value
$325,692
Shares
6,707
-51%
Ishares TRIBDX
Share
0.1%
Value
$305,177
Shares
12,115
-30%
OracleORCL
Share
0.1%
Value
$304,971
Shares
2,081
-71%
Invesco Exch TRD SLF IDX FDBSMW
Share
0.1%
Value
$303,817
Shares
12,085
-46%
Ishares TRSTIP
Share
0.1%
Value
$299,840
Shares
2,935
+281%
Invesco Exch TRD SLF IDX FDBSSX
Share
0.1%
Value
$298,435
Shares
11,565
-40%
Invesco Exch TRD SLF IDX FDBSMZ
Share
0.1%
Value
$279,423
Shares
10,900
+74%
Ishares TRIBDW
Share
0.1%
Value
$278,423
Shares
13,360
-18%
Ishares TRIWD
Share
0.1%
Value
$274,431
Shares
1,132
Held
Schwab Strategic TRFNDF
Share
0.1%
Value
$271,820
Shares
5,152
-43%
Vanguard Malvern FDSVPLS
Share
0.1%
Value
$264,224
Shares
3,406
New
Vanguard Index FDSVOO
Share
0.1%
Value
$258,241
Shares
376
-74%
Vanguard World FDMGV
Share
0.1%
Value
$254,982
Shares
1,560
-72%

Company	Share of fund	Value	Shares	Change
Vanguard Specialized FundsVIG	6.3%	$13m	56,605	-42%
Vanguard Malvern FDSVTIP	5.0%	$11m	210,304	-51%
Ishares TRVLUE	4.4%	$9m	46,219	-60%
Vanguard Index FDSVUG	4.3%	$9m	106,154	-50%
Vanguard Scottsdale FDSVGIT	4.0%	$9m	144,585	-57%
Vanguard Whitehall FDSVIGI	3.5%	$7m	79,461	+3%
Dimensional ETF TrustDFUV	3.4%	$7m	132,726	-51%
Vanguard Malvern FDSVCRB	3.2%	$7m	87,737	-50%
Vanguard Charlotte FDSBNDX	2.6%	$5m	112,872	-56%
Vanguard Index FDSVOT	2.6%	$5m	17,717	-54%
Dimensional ETF TrustDFIS	1.9%	$4m	117,508	-41%
Dimensional ETF TrustDFIV	1.8%	$4m	71,289	-27%
Vanguard Intl Equity Index FVGK	1.6%	$3m	37,695	-30%
Ishares TRSMLF	1.4%	$3m	33,862	-53%
Invesco Exch TRD SLF IDX FDBSCT	1.4%	$3m	158,647	-49%
Invesco Exch TRD SLF IDX FDBSCY	1.4%	$3m	141,877	-47%
Invesco Exch TRD SLF IDX FDBSCU	1.4%	$3m	175,307	-51%
Invesco Exch TRD SLF IDX FDBSCW	1.4%	$3m	140,019	-52%
Invesco Exch TRD SLF IDX FDBSCV	1.4%	$3m	175,107	-52%
Invesco Exch Traded FD TR IICGW	1.3%	$3m	42,997	-57%
Dimensional ETF TrustDFSU	1.3%	$3m	59,027	-40%
Dimensional ETF TrustDFSI	1.3%	$3m	59,271	-36%
Invesco Exch TRD SLF IDX FDBSCX	1.2%	$3m	124,613	-53%
Ishares TRIBCA	1.2%	$3m	101,327	-46%
Ishares TRLRGF	1.2%	$3m	34,140	-49%
Schwab Strategic TRSCHR	1.2%	$2m	101,040	-23%
Ishares TRIQLT	0.9%	$2m	36,489	-82%
Ishares TRIAGG	0.8%	$2m	35,546	-26%
AppleAAPL	0.8%	$2m	5,926	-76%
Wisdomtree TRDXJ	0.8%	$2m	9,842	+111%
Vanguard Intl Equity Index FVPL	0.8%	$2m	14,647	-55%
Select Sector Spdr TRXLP	0.8%	$2m	20,225	-47%
Ishares TRIBID	0.7%	$2m	60,275	-45%
Invesco Exch TRD SLF IDX FDBSCR	0.7%	$2m	80,576	-47%
Invesco Exchange Traded FD TPRF	0.7%	$2m	28,600	-9%
Ishares TRIBIE	0.7%	$2m	58,583	-46%
Invesco Exch TRD SLF IDX FDBSCQ	0.7%	$2m	78,481	-47%
Invesco Exch TRD SLF IDX FDBSCS	0.7%	$1m	73,342	-49%
NvidiaNVDA	0.7%	$1m	7,325	-65%
First TR Exchange-Traded FDGRID	0.7%	$1m	7,540	+65%
Ishares TRIBIC	0.7%	$1m	55,385	-46%
Wisdomtree TRDGS	0.7%	$1m	21,834	-62%
MicrosoftMSFT	0.7%	$1m	3,749	-77%
Vanguard World FDESGV	0.6%	$1m	10,310	-41%
Ishares TRIBDS	0.6%	$1m	55,314	-46%
Ishares TRIVV	0.6%	$1m	1,716	+25%
Ishares TRIWF	0.5%	$1m	8,458	-30%
Schwab Strategic TRFNDX	0.5%	$1m	33,107	-39%
Wisdomtree TRUSFR	0.5%	$984,242	19,548	-67%
Vanguard World FDVSGX	0.4%	$889,520	10,803	-39%
General ElectricGE	0.4%	$888,357	2,377	-67%
Spdr Index SHS FDSGMF	0.4%	$837,592	5,336	-67%
ExxonMobil HoldingsXOM	0.4%	$799,403	5,847	-72%
Vanguard Index FDSVTI	0.3%	$706,781	1,910	-28%
Vanguard Index FDSVO	0.3%	$698,381	8,668	-60%
Amazon.comAMZN	0.3%	$694,194	2,913	-61%
Ishares TRESML	0.3%	$692,370	12,379	-68%
Arista NetworksANET	0.3%	$682,239	4,016	-20%
AlphabetGOOGL	0.3%	$672,358	1,881	-79%
JPMorgan ChaseJPM	0.3%	$659,267	2,014	-80%
J P Morgan Exchange Traded FJVAL	0.3%	$650,025	11,085	-9%
Wisdomtree TRDLS	0.3%	$646,189	7,712	-54%
Nushares ETF TRNULV	0.3%	$597,231	11,947	-63%
CaterpillarCAT	0.3%	$578,242	543	-73%
BroadcomAVGO	0.3%	$572,756	1,516	-73%
Berkshire HathawayBRK-B	0.3%	$548,928	1,097	-86%
Ishares TRIMCG	0.3%	$541,142	5,505	-31%
Dimensional ETF TrustDFSE	0.3%	$536,258	10,971	-60%
Johnson & JohnsonJNJ	0.3%	$535,624	2,109	-78%
Dimensional ETF TrustDFAT	0.2%	$528,026	7,554	-71%
Invesco QQQ TRQQQ	0.2%	$518,168	704	-52%
GE VernovaGEV	0.2%	$513,517	437	-74%
Ishares TRIBDY	0.2%	$513,227	19,935	-36%
Select Sector Spdr TRXLI	0.2%	$494,009	2,667	-48%
AlphabetGOOG	0.2%	$492,189	1,393	-79%
Charles SchwabSCHW	0.2%	$484,879	5,255	-4%
Schwab Strategic TRFNDA	0.2%	$408,498	10,733	-88%
Home DepotHD	0.2%	$401,351	1,138	-75%
Walt DisneyDIS	0.2%	$391,160	4,064	-27%
Lam ResearchLRCX	0.2%	$377,864	872	-70%
Meta PlatformsMETA	0.2%	$371,922	660	-33%
Applied MaterialsAMAT	0.2%	$368,007	509	-74%
Schwab Strategic TRSCHF	0.2%	$346,001	12,491	-2%
Invesco Exch TRD SLF IDX FDBSMY	0.2%	$344,009	13,955	-40%
Taiwan Semiconductor ManufacturingTSM	0.2%	$339,075	710	-83%
Invesco Exch TRD SLF IDX FDBSCZ	0.2%	$333,989	16,316	+466%
Eli LillyLLY	0.2%	$328,001	273	-80%
Schwab Strategic TRFNDC	0.2%	$325,692	6,707	-51%
Ishares TRIBDX	0.1%	$305,177	12,115	-30%
OracleORCL	0.1%	$304,971	2,081	-71%
Invesco Exch TRD SLF IDX FDBSMW	0.1%	$303,817	12,085	-46%
Ishares TRSTIP	0.1%	$299,840	2,935	+281%
Invesco Exch TRD SLF IDX FDBSSX	0.1%	$298,435	11,565	-40%
Invesco Exch TRD SLF IDX FDBSMZ	0.1%	$279,423	10,900	+74%
Ishares TRIBDW	0.1%	$278,423	13,360	-18%
Ishares TRIWD	0.1%	$274,431	1,132	Held
Schwab Strategic TRFNDF	0.1%	$271,820	5,152	-43%
Vanguard Malvern FDSVPLS	0.1%	$264,224	3,406	New
Vanguard Index FDSVOO	0.1%	$258,241	376	-74%
Vanguard World FDMGV	0.1%	$254,982	1,560	-72%

Showing the largest 100 of 690.

Over time and by industry

Value over time

Jun '25

Dec '25

Jun '26

Value is down 47.1% since 30 June 2025.

Where the money is

Technology4.4%

Financial services2.0%

Industrials1.9%

Health care1.1%

Media & telecom1.0%

Retail & consumer0.8%

Energy0.7%

Everyday goods0.5%

Utilities0.3%

Materials0.2%

Real estate0.1%

Other87.0%

From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.