Analyzing the Third Quarter 2024 N-PORT Filing

Carbon Collective Climate Solutions U.S. Equity ETF, based at 234 West Florida Street, Milwaukee, US-WI 53204, has recently submitted its N-PORT filing for the third quarter of 2024. This filing provides valuable insights into the ETF's investment strategies and portfolio adjustments during this period. Known for its focus on sustainable and climate-conscious investments, the ETF aims to align financial returns with environmental impact. This update highlights key transactions, including significant increases in holdings of Nucor Corp and Li Auto Inc, as well as complete exits from certain positions.

Key Position Increases

Carbon Collective Climate Solutions U.S. Equity ETF made notable increases in its holdings, adding to a total of 190 stocks. Among these, the most significant increase was in Nucor Corp (NYSE:NUE), with an additional 1,573 shares, bringing the total to 8,527 shares. This adjustment represents a substantial 22.62% increase in share count, impacting the current portfolio by 0.89%, with a total value of $1,389,390. The second largest increase was in Li Auto Inc (NASDAQ:LI), with an additional 8,428 shares, bringing the total to 42,930. This adjustment signifies a 24.43% increase in share count, with a total value of $847,440.

• The most notable increasement was Nucor Corp(NYSE:NUE), with an addtional 1573 shares, bring the total to 8527 shares. This adjustment represents a significant 22.62% increasement in share count, a 0.89% impact on current portfolio, a total value of $1,389,390.
• The second largest increasement was Li Auto Inc(NASDAQ:LI), with an addtional 8428 shares, bring the total to 42930. This adjustment represents a significant 24.43% increasement in share count, a total value of $847,440.

Summary of Sold Out

During the third quarter of 2024, Carbon Collective Climate Solutions U.S. Equity ETF completely exited 11 holdings. Notably, the ETF sold all 72,510 shares of Polestar Automotive Holding UK PLC (NASDAQ:PSNY), resulting in a -0.39% impact on the portfolio. Additionally, it liquidated all 923 shares of Cadeler AS (NYSE:CDLR), causing a -0.07% impact on the portfolio.

• Polestar Automotive Holding UK PLC(NASDAQ:PSNY): Carbon Collective Climate Solutions U.S.Equity ETF (Trades, Portfolio) sold all 72510 shares, resulting in -0.39% impact on the portfolio.
• Cadeler AS(NYSE:CDLR): Carbon Collective Climate Solutions U.S.Equity ETF (Trades, Portfolio) liquidated all 923 shares, causing a -0.07% impact on the portfolio.

Key Position Reduces

The ETF also reduced its position in 9 stocks, with significant changes including a reduction in Carrier Global Corp (NYSE:CARR) by 1,620 shares, resulting in a -7.05% decrease in shares and a -0.39% impact on the portfolio. The stock traded at an average price of $64.61 during the quarter and has returned -9.62% over the past 3 months and 23.40% year-to-date. Additionally, Tesla Inc (NASDAQ:TSLA) was reduced by 398 shares, resulting in a -4.98% reduction in shares and a -0.28% impact on the portfolio. The stock traded at an average price of $201.21 during the quarter and has returned 110.58% over the past 3 months and 93.12% year-to-date.

• Reduced Carrier Global Corp(NYSE:CARR) by 1620 shares, resulting in a -7.05% decrease in shares and a -0.39% impact on the protfolio. The stock traded at an average price of $64.61 during the quarter and has returned -9.62% over the past 3 months and 23.40% year-to-date.
• Reduced Tesla Inc(NASDAQ:TSLA) by 398 shares, resulting in a -4.98% reduction in shares and a -0.28% impact on the protfolio. The stock traded at an average price of $201.21 during the quarter and has returned 110.58% over the past 3 months and 93.12% year-to-date.

Portfolio Overview

As of the third quarter of 2024, Carbon Collective Climate Solutions U.S. Equity ETF's portfolio comprised 205 stocks. The top holdings included 6.12% in Tesla Inc (NASDAQ:TSLA), 5.05% in Carrier Global Corp (NYSE:CARR), 4.88% in Johnson Controls International PLC (NYSE:JCI), 4.82% in Nucor Corp (NYSE:NUE), and 4.79% in Waste Connections Inc (NYSE:WCN). The holdings are primarily concentrated in 8 of the 11 industries: Industrials, Consumer Cyclical, Basic Materials, Technology, Utilities, Energy, Real Estate, and Consumer Defensive.

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