Large-cap tech exposure rises as semiconductor weight is reduced
Alphabet Inc. (Class A) and Alphabet Inc. (Class C) were the biggest additions, with Intel Corporation also increased meaningfully and Meta Platforms nudged higher. Applied Materials and PDD Holdings were the largest reductions, while Qualcomm was trimmed slightly. The updated mix is now most concentrated in Intel Corporation and the two Alphabet share classes, with Applied Materials and PDD Holdings still notable but smaller than before.
Portfolio changes
| Ticker | Company | Before | After | Change |
|---|---|---|---|---|
| INTC | Intel Corporation | 14.74% | 23.89% | Increased |
| GOOGL | Alphabet Inc. (Class A) | 8.25% | 18.10% | Increased |
| GOOG | Alphabet Inc. (Class C) | 7.97% | 18.09% | Increased |
| META | Meta Platforms | 5.32% | 5.84% | Increased |
| QCOM | — | 16.96% | 16.51% | Reduced |
| PDD | — | 22.05% | 9.09% | Reduced |
| AMAT | — | 24.72% | 8.49% | Reduced |