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Move an item to a different folder. The item moves in place without creating a duplicate.
Relocating moves an item to a different folder. The item stays the same; it just lives somewhere else in your tree. No duplicate is created.
Open the item, tap the three dots, and choose Relocate item. A picker titled Select Location opens. Pick the folder you want, then tap Confirm.
The breadcrumb or folder name in the item header updates. If a dashboard tile still shows the old location, refresh the page.
For moving many items at once, use Edit Portfolio from Manage. It opens a tree view where you can select and batch-move items.