Internet and social exposure rises as Intel is reduced
Intel Corporation was cut back sharply but remained the largest position, while Alphabet Inc. (Class C), Alphabet Inc. (Class A), and Meta Platforms were all increased. Applied Materials and Qualcomm were reduced, and PDD Holdings was added to a slightly larger weight. The portfolio is still most exposed to Intel Corporation, with sizable allocations in Meta Platforms and both Alphabet share classes.
Portfolio changes
| Ticker | Company | Before | After | Change |
|---|---|---|---|---|
| META | Meta Platforms | 13.69% | 17.57% | Increased |
| GOOG | Alphabet Inc. (Class C) | 9.90% | 16.17% | Increased |
| GOOGL | Alphabet Inc. (Class A) | 10.55% | 13.63% | Increased |
| PDD | — | 1.67% | 2.63% | Increased |
| INTC | Intel Corporation | 42.49% | 31.83% | Reduced |
| AMAT | — | 17.48% | 15.02% | Reduced |
| QCOM | — | 4.22% | 3.14% | Reduced |