Semiconductor exposure narrows as Intel and internet holdings grow
Intel Corporation became the largest position after a sizable increase, while Meta Platforms and both Alphabet share classes were also raised. Applied Materials and PDD Holdings were reduced, and Qualcomm was essentially unchanged. The new allocation is most concentrated in Intel Corporation, with meaningful exposure still in Applied Materials, Meta Platforms, and Alphabet Inc.
Portfolio changes
| Ticker | Company | Before | After | Change |
|---|---|---|---|---|
| INTC | Intel Corporation | 32.58% | 41.21% | Increased |
| META | Meta Platforms | 9.25% | 13.89% | Increased |
| GOOGL | Alphabet Inc. (Class A) | 7.16% | 10.44% | Increased |
| GOOG | Alphabet Inc. (Class C) | 8.78% | 9.80% | Increased |
| AMAT | — | 31.23% | 18.73% | Reduced |
| PDD | — | 6.78% | 1.70% | Reduced |
| QCOM | — | 4.22% | 4.23% | Held |