Elfun Trusts Exits Merck & Co Inc, Impacting Portfolio by -1.85%

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Exploring Elfun Trusts (Trades, Portfolio)' Strategic Moves in Q2 2025

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Elfun Trusts (Trades, Portfolio) recently submitted its N-PORT filing for the second quarter of 2025, revealing strategic investment decisions made during this period. Elfun Trusts (Trades, Portfolio) is a fund exclusively available to General Electric's U.S. employees and trustees, forming part of the Elfun Funds alongside the Elfun International Equity Fund. Initially managed by David Carlson until 2019, the fund is now under the stewardship of William Sandow and Christopher Sierakowski. The fund's investment strategy focuses on U.S. companies, selecting equity securities from various industries based on individual company merits. The portfolio manager also considers companies with potential future dividend payouts, emphasizing stock selection as a key performance driver.Elfun Trusts Exits Merck & Co Inc, Impacting Portfolio by -1.85%

Summary of New Buy

Elfun Trusts (Trades, Portfolio) added a total of three stocks in the second quarter of 2025, with notable additions including:

The most significant addition was Texas Instruments Inc (NASDAQ:TXN), with 287,200 shares, accounting for 1.39% of the portfolio and a total value of $59.63 million. The second largest addition was Equinix Inc (NASDAQ:EQIX), consisting of 67,300 shares, representing approximately 1.24% of the portfolio, with a total value of $53.54 million. The third largest addition was Tetra Tech Inc (NASDAQ:TTEK), with 1,388,298 shares, accounting for 1.16% of the portfolio and a total value of $49.92 million.

Key Position Increases

Elfun Trusts (Trades, Portfolio) also increased stakes in a total of seven stocks, with significant increases including:

The most notable increase was in Eli Lilly and Co (NYSE:LLY), with an additional 55,300 shares, bringing the total to 123,100 shares. This adjustment represents a significant 81.56% increase in share count, a 1% impact on the current portfolio, with a total value of $95.96 million. The second largest increase was in Salesforce Inc (NYSE:CRM), with an additional 46,400 shares, bringing the total to 270,449. This adjustment represents a significant 20.71% increase in share count, with a total value of $73.75 million.

Summary of Sold Out

Elfun Trusts (Trades, Portfolio) completely exited three holdings in the second quarter of 2025, including:

Merck & Co Inc (NYSE:MRK): Elfun Trusts (Trades, Portfolio) sold all 801,976 shares, resulting in a -1.85% impact on the portfolio. Becton Dickinson & Co (NYSE:BDX): Elfun Trusts (Trades, Portfolio) liquidated all 307,100 shares, causing a -1.8% impact on the portfolio.

Story Continues

Key Position Reduces

Elfun Trusts (Trades, Portfolio) also reduced positions in 18 stocks, with significant changes including:

Reduced American Tower Corp (NYSE:AMT) by 146,600 shares, resulting in a -38.42% decrease in shares and a -0.82% impact on the portfolio. The stock traded at an average price of $215.92 during the quarter and has returned -4.13% over the past 3 months and 12.62% year-to-date. Reduced Microsoft Corp (NASDAQ:MSFT) by 48,000 shares, resulting in a -5.75% reduction in shares and a -0.46% impact on the portfolio. The stock traded at an average price of $433.34 during the quarter and has returned 10.18% over the past 3 months and 20.88% year-to-date.

Portfolio Overview

As of the second quarter of 2025, Elfun Trusts (Trades, Portfolio)' portfolio included 43 stocks. The top holdings were 9.52% in NVIDIA Corp (NASDAQ:NVDA), 9.11% in Microsoft Corp (NASDAQ:MSFT), 5.74% in Amazon.com Inc (NASDAQ:AMZN), 5.63% in Apple Inc (NASDAQ:AAPL), and 5.14% in Meta Platforms Inc (NASDAQ:META).

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

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