Consumer and chip exposure rebalance as PDD takes a larger role
PDD Holdings became the biggest new position, while Intel Corporation was cut sharply and Applied Materials was also reduced. Alphabet Inc. (Class A and Class C) and Qualcomm were increased, and Meta Platforms was trimmed slightly. The resulting allocation is more concentrated in PDD Holdings, Applied Materials, Intel Corporation, and Qualcomm, with Alphabet also taking a larger share.
Portfolio changes
| Ticker | Company | Before | After | Change |
|---|---|---|---|---|
| PDD | — | 3.14% | 22.41% | Increased |
| QCOM | — | 15.16% | 16.57% | Increased |
| GOOGL | Alphabet Inc. (Class A) | 5.93% | 8.66% | Increased |
| GOOG | Alphabet Inc. (Class C) | 5.38% | 8.34% | Increased |
| AMAT | — | 31.00% | 23.97% | Reduced |
| INTC | Intel Corporation | 33.47% | 14.68% | Reduced |
| META | Meta Platforms | 5.92% | 5.38% | Reduced |