AI and internet exposure expands as Intel is sharply reduced
Applied Materials, Alphabet Inc. (Class A), and Alphabet Inc. (Class C) were the biggest additions, while Intel Corporation was sharply reduced. PDD Holdings, Qualcomm, and Meta Platforms were also increased, and no positions were fully exited. The new allocation is most concentrated in Applied Materials, the two Alphabet share classes, and Intel Corporation, with semiconductor and internet-related names taking the largest weights.
Portfolio changes
| Ticker | Company | Before | After | Change |
|---|---|---|---|---|
| AMAT | — | 23.88% | 31.62% | Increased |
| GOOGL | Alphabet Inc. (Class A) | 2.04% | 16.72% | Increased |
| GOOG | Alphabet Inc. (Class C) | 4.69% | 14.45% | Increased |
| PDD | — | 5.79% | 10.40% | Increased |
| META | Meta Platforms | 9.94% | 10.12% | Increased |
| QCOM | — | 5.61% | 7.15% | Increased |
| INTC | Intel Corporation | 48.06% | 9.55% | Reduced |