Chip exposure shifts toward Intel and Qualcomm as Applied Materials is cut
Intel Corporation and Qualcomm became the largest positions, while Applied Materials and both Alphabet share classes were cut sharply. Meta Platforms and PDD Holdings were also increased. The new mix is most concentrated in semiconductors, with Intel Corporation and Qualcomm now the biggest exposures.
Portfolio changes
| Ticker | Company | Before | After | Change |
|---|---|---|---|---|
| INTC | Intel Corporation | 10.38% | 32.41% | Increased |
| QCOM | — | 7.26% | 28.31% | Increased |
| META | Meta Platforms | 10.74% | 13.65% | Increased |
| PDD | — | 9.61% | 11.82% | Increased |
| AMAT | — | 31.95% | 8.16% | Reduced |
| GOOGL | Alphabet Inc. (Class A) | 16.10% | 3.40% | Reduced |
| GOOG | Alphabet Inc. (Class C) | 13.96% | 2.25% | Reduced |