COERENTE CAPITAL MANAGEMENT

The portfolio currently holds 49 assets, demonstrating a diversified approach. The turnover during this quarter was exceptionally high, characterized by a "reset" of the portfolio's composition. The firm initiated 35 new positions and sold out of 1, indicating a decisive shift in strategy. The concentration risk is moderate, with the top 10 holdings accounting for approximately 63.7% of the total portfolio value, suggesting a core-satellite approach where a select number of large-cap positions drive performance while a long tail of smaller positions provides diversification.

Key Holdings

The portfolio is heavily anchored in large-cap, blue-chip "quality" companies, with a strong emphasis on market leaders across various sectors.