AI and internet exposure expands as Qualcomm is cut
Qualcomm was cut sharply, while Intel Corporation, Alphabet Inc. (Class C), and PDD Holdings were increased. Applied Materials and Meta Platforms were reduced as well, and Alphabet Inc. (Class A) was also added to. The new allocation is most concentrated in Intel Corporation, with sizable exposure to PDD Holdings, Alphabet Inc. (Class C), Meta Platforms, and Alphabet Inc. (Class A).
Portfolio changes
| Ticker | Company | Before | After | Change |
|---|---|---|---|---|
| INTC | Intel Corporation | 19.95% | 39.58% | Increased |
| PDD | — | 6.54% | 15.22% | Increased |
| GOOG | Alphabet Inc. (Class C) | 2.83% | 14.43% | Increased |
| GOOGL | Alphabet Inc. (Class A) | 2.75% | 6.66% | Increased |
| META | Meta Platforms | 15.41% | 12.31% | Reduced |
| AMAT | — | 10.65% | 6.06% | Reduced |
| QCOM | — | 41.87% | 5.74% | Reduced |