We're trimming our position in a stock that is off to a strong new year

Core Viewpoint - The company is selling 45 shares of BlackRock, reducing its ownership to 65 shares and decreasing its portfolio weighting from approximately 3.10% to 1.90% [1] Summary by Relevant Sections Stock Performance - BlackRock's stock has shown a positive trend at the beginning of the new year, with a 5% increase over the past two sessions, following a disappointing 2025 where shares gained only about 6% [1] Portfolio Management - The sale of BlackRock shares is part of a strategy to capitalize on recent stock strength and to rebuild cash reserves to over 7% of the portfolio [1] - Recent purchases include stocks from Nike, Procter & Gamble, and Alphabet, with the BlackRock sale intended to offset these acquisitions and provide flexibility for future investments in Alphabet [1] Financial Gains - The sale will result in a realized gain of approximately 9% on shares that were purchased in late 2024 [1]