Consumer and internet exposure rises as Intel and Alphabet are reduced
Qualcomm was increased sharply and is now the largest position, while PDD Holdings and Meta Platforms were also added to meaningfully larger weights. Intel Corporation was cut heavily, and Alphabet Inc. (Class A), Alphabet Inc. (Class C), and Applied Materials were all reduced. The portfolio is now most exposed to Qualcomm, with additional weight in PDD Holdings and Meta Platforms.
Portfolio changes
| Ticker | Company | Before | After | Change |
|---|---|---|---|---|
| QCOM | — | 44.25% | 61.37% | Increased |
| PDD | — | 1.59% | 14.29% | Increased |
| META | Meta Platforms | 1.35% | 11.83% | Increased |
| AMAT | — | 12.33% | 8.67% | Reduced |
| INTC | Intel Corporation | 29.54% | 2.79% | Reduced |
| GOOG | Alphabet Inc. (Class C) | 4.95% | 0.72% | Reduced |
| GOOGL | Alphabet Inc. (Class A) | 5.99% | 0.33% | Reduced |