Suncoast Equity Management

TJX was the quarter's largest addition to an existing holding. Suncoast bought 95,866 shares, an estimated $15.3 million investment, expanding the position from $5.7 million to $21.2 million and 2.5% of the portfolio. SLDE also received about $2.3 million of buying, but the remaining increases were small. In contrast, 36 continuing positions were reduced. NVDA was trimmed by an estimated $4.1 million, LLY by $3.5 million and MSFT by $2.7 million. Visa, both Alphabet share classes, SYK and MA were also cut.

Most of those reductions coincided with falling reported values, but the transaction direction still comes from share counts. Suncoast sold 23,304 NVDA shares as the stake's value declined by $9.6 million; it reduced MSFT by 7,296 shares while the position value fell by $22.3 million. The value changes describe what happened to the stakes after both trading and price effects, not the amount of stock sold.