Semiconductor and internet exposure shifts toward Qualcomm and Intel
Qualcomm became the largest position after a major increase, with Intel Corporation and Meta Platforms also added to. PDD Holdings, Applied Materials, Alphabet Inc. (Class C), and Alphabet Inc. (Class A) were reduced, and no positions were fully exited. The new allocation is most exposed to Qualcomm, Intel Corporation, and Meta Platforms, with Applied Materials still a meaningful holding.
Portfolio changes
| Ticker | Company | Before | After | Change |
|---|---|---|---|---|
| QCOM | — | 7.42% | 43.84% | Increased |
| INTC | Intel Corporation | 0.19% | 20.90% | Increased |
| META | Meta Platforms | 8.91% | 13.35% | Increased |
| AMAT | — | 24.06% | 10.27% | Reduced |
| PDD | — | 32.25% | 6.33% | Reduced |
| GOOG | Alphabet Inc. (Class C) | 14.23% | 2.69% | Reduced |
| GOOGL | Alphabet Inc. (Class A) | 12.94% | 2.62% | Reduced |