Chip exposure shifts toward Intel as Qualcomm and Applied Materials are trimmed
Intel Corporation was the biggest increase and became a much larger position, while Alphabet Inc. (Class C) and Alphabet Inc. (Class A) were also added to. Qualcomm and Applied Materials were reduced the most, with smaller cuts to Meta Platforms and PDD Holdings. The portfolio remains most exposed to semiconductor-related names, led by Intel Corporation, Applied Materials, and Qualcomm.
Portfolio changes
| Ticker | Company | Before | After | Change |
|---|---|---|---|---|
| INTC | Intel Corporation | 6.94% | 22.58% | Increased |
| GOOG | Alphabet Inc. (Class C) | 2.98% | 7.82% | Increased |
| GOOGL | Alphabet Inc. (Class A) | 4.52% | 5.00% | Increased |
| AMAT | — | 28.60% | 23.17% | Reduced |
| PDD | — | 20.50% | 20.01% | Reduced |
| QCOM | — | 28.16% | 14.77% | Reduced |
| META | Meta Platforms | 8.31% | 6.65% | Reduced |