Semiconductor and consumer exposure rise as Alphabet is reduced
Intel Corporation became the largest position after a further increase, while Qualcomm and PDD Holdings were also raised meaningfully. Alphabet Inc. (Class A) and Alphabet Inc. (Class C) were both reduced, and Applied Materials was trimmed, with Meta Platforms only slightly higher. The portfolio is now most exposed to Intel Corporation, with sizable allocations still in Meta Platforms and Qualcomm.
Portfolio changes
| Ticker | Company | Before | After | Change |
|---|---|---|---|---|
| INTC | Intel Corporation | 35.82% | 42.06% | Increased |
| META | Meta Platforms | 16.09% | 16.69% | Increased |
| QCOM | — | 3.20% | 13.59% | Increased |
| PDD | — | 2.09% | 8.46% | Increased |
| AMAT | — | 14.74% | 9.39% | Reduced |
| GOOG | Alphabet Inc. (Class C) | 15.23% | 4.95% | Reduced |
| GOOGL | Alphabet Inc. (Class A) | 12.83% | 4.86% | Reduced |