Chip-equipment exposure expands as Intel and Alphabet are trimmed
Applied Materials became the largest position after a sizable increase, with PDD Holdings, Alphabet Inc. (Class A), and Meta Platforms also added to. Intel Corporation was reduced the most, while Alphabet Inc. (Class C) and Qualcomm were trimmed. The portfolio is now most exposed to semiconductor and chip-equipment names, led by Applied Materials and Intel Corporation, with meaningful weights in PDD Holdings and Qualcomm as well.
Portfolio changes
| Ticker | Company | Before | After | Change |
|---|---|---|---|---|
| AMAT | — | 25.47% | 30.85% | Increased |
| PDD | — | 18.69% | 20.34% | Increased |
| META | Meta Platforms | 6.22% | 6.77% | Increased |
| GOOGL | Alphabet Inc. (Class A) | 4.69% | 5.97% | Increased |
| INTC | Intel Corporation | 23.75% | 17.86% | Reduced |
| QCOM | — | 13.83% | 13.54% | Reduced |
| GOOG | Alphabet Inc. (Class C) | 7.34% | 4.67% | Reduced |