Semiconductor exposure expands as Qualcomm and Applied Materials grow
Qualcomm was increased sharply and is now the largest position, while Applied Materials and Intel Corporation were also raised. PDD Holdings, both Alphabet Inc. share classes, and Meta Platforms were reduced, with PDD Holdings cut the most. The portfolio is now most exposed to Qualcomm, with meaningful weight still in Intel Corporation and Applied Materials.
Portfolio changes
| Ticker | Company | Before | After | Change |
|---|---|---|---|---|
| QCOM | — | 29.63% | 41.13% | Increased |
| INTC | Intel Corporation | 27.13% | 29.46% | Increased |
| AMAT | — | 9.26% | 13.69% | Increased |
| GOOGL | Alphabet Inc. (Class A) | 10.86% | 6.82% | Reduced |
| GOOG | Alphabet Inc. (Class C) | 8.85% | 5.64% | Reduced |
| PDD | — | 9.67% | 1.77% | Reduced |
| META | Meta Platforms | 4.60% | 1.50% | Reduced |