Capital Group Core Balanced ETF (NYSE: CGBL) added to just three positions while trimming 30 on October 16, generating gross ETF activity of $137.4 million and net selling of $34.3 million.
The fund, which manages $7.90 billion in assets, made its largest single purchase a brand new stake in Johnson & Johnson (NYSE: JNJ), valued at $35.7 million.
The JNJ purchase involved 139,612 shares and now represents 0.47% of the fund’s total assets, making it an immediately meaningful holding from a standing start.
Shopify (NYSE: SHOP) was the second largest buy, with CGBL acquiring 81,992 shares at a cost of $13.9 million, also entering the portfolio as a new position accounting for 0.19% of assets.
Strategy Inc (NASDAQ: MSTR) was the only other notable addition on the day, with the fund purchasing 14,406 shares valued at $2.0 million, lifting its position to 0.26% of the fund.
On the selling side, GE Vernova (NYSE: GEV) led all disposals, with CGBL offloading 15,424 shares worth $14.2 million, reducing the position to 0.83% of the fund.
Southern Copper was the second largest sale at $13.4 million, followed by Capital One Financial at $11.9 million, Apollo Global Management at $7.1 million, and Home Depot at $4.9 million.
CGBL is classified as a Mixed Asset USD Aggressive fund in the equity asset class, currently holding 76 stocks with its 10 largest positions accounting for 60.2% of total assets.
Technology is the fund’s dominant sector at 29.7% of classified stocks, followed by Industrials at 12.8% and Financial Services at 12.1%, with the portfolio skewed heavily toward large-cap names at 60.0%.
Top holdings include Capital Group Core Plus Income at 23.71%, Capital Group Core Bond ETF at 16.0%, Broadcom at 4.21%, Alphabet at 3.13%, and Taiwan Semiconductor at 2.92%.
The fund carries a GF Score of 86, a price-to-earnings ratio of 24.0, a price-to-book ratio of 4.4, and offers a dividend yield of 1.96%, with a year-to-date return of 5.73%.
CGBL charges an expense ratio of 0.33%, and investors will be watching closely to see whether the new JNJ and Shopify stakes are expanded in the next holdings update.
