Exploring Key Moves in Elfun Trusts (Trades, Portfolio)' Fourth Quarter 2024 N-PORT Filing

• Warning! GuruFocus has detected 3 Warning Signs with NVDA.

Elfun Trusts (Trades, Portfolio) recently submitted the N-PORT filing for the fourth quarter of 2024, providing insights into its investment moves during this period. Elfun Trusts (Trades, Portfolio), a fund open only to General Electric's U.S. employees and trustees, is one of the equity components of Elfun Funds, alongside the Elfun International Equity Fund. Managed by William Sandow and Christopher Sierakowski since 2019, the Fund aims to achieve its investment objectives by focusing on U.S. companies' equity securities, including common and preferred stocks. The portfolio manager selects equity securities from various industries based on individual company merits, with a keen eye on future dividend potential. Stock selection remains crucial to the Fund's performance.

Key Position Increases

Elfun Trusts (Trades, Portfolio) also increased stakes in a total of 9 stocks, among them:

• The most notable increase was in $Bank of America Corp(BAC-N)$ (NYSE:BAC), with an additional 655,800 shares, bringing the total to 1,550,900 shares. This adjustment represents a significant 73.27% increase in share count, a 0.68% impact on the current portfolio, and a total value of $68,162,060.
• The second largest increase was in Emerson Electric Co (NYSE:EMR), with an additional 201,400 shares, bringing the total to 665,300. This adjustment represents a significant 43.41% increase in share count, with a total value of $82,450,630.

Summary of Sold Out

Elfun Trusts (Trades, Portfolio) completely exited 1 holding in the fourth quarter of 2024, as detailed below:

• Mondelez International Inc (NASDAQ:MDLZ): Elfun Trusts (Trades, Portfolio) sold all 704,983 shares, resulting in a -1.21% impact on the portfolio.

Key Position Reduces

Elfun Trusts (Trades, Portfolio) also reduced positions in 22 stocks. The most significant changes include:

• Reduced ASML Holding NV (NASDAQ:ASML) by 37,900 shares, resulting in a -75.05% decrease in shares and a -0.74% impact on the portfolio. The stock traded at an average price of $716.45 during the quarter and has returned 4.28% over the past 3 months and 0.88% year-to-date.
• Reduced NVIDIA Corp (NASDAQ:NVDA) by 167,600 shares, resulting in a -5.79% reduction in shares and a -0.47% impact on the portfolio. The stock traded at an average price of $138.16 during the quarter and has returned -11.22% over the past 3 months and -10.53% year-to-date.

Portfolio Overview

At the fourth quarter of 2024, Elfun Trusts (Trades, Portfolio)' portfolio included 44 stocks, with top holdings comprising 8.64% in NVIDIA Corp (NASDAQ:NVDA), 8.31% in Microsoft Corp (NASDAQ:MSFT), 6.98% in Apple Inc (NASDAQ:AAPL), 5.99% in Amazon.com Inc (NASDAQ:AMZN), and 4.33% in Meta Platforms Inc (NASDAQ:META).

The holdings are mainly concentrated in all 11 industries: Technology, Financial Services, Healthcare, Consumer Cyclical, Communication Services, Industrials, Energy, Basic Materials, Utilities, Real Estate, and Consumer Defensive.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.