Financial exposure expands as chip concentration eases
Apollo Global Management, Charles Schwab Corporation, and U.S. Bancorp were the biggest additions this week, while Broadcom Inc., Intel Corporation, and both Alphabet Inc. share classes were trimmed sharply. The update also increased KKR, Huntington Bancshares, Meta Platforms, and Micron Technology, while reducing American Express, Interactive Brokers Group, State Street Corporation, Northern Trust, Tesla, and MetLife. The portfolio is now most exposed to financials, with large weights in Huntington Bancshares, U.S. Bancorp, Charles Schwab Corporation, Apollo Global Management, and KKR, alongside Intel Corporation.
Portfolio changes
| Ticker | Company | Before | After | Change |
|---|---|---|---|---|
| HBAN | Huntington Bancshares | 11.15% | 13.22% | Increased |
| APO | Apollo Global Management | 0.13% | 10.70% | Increased |
| USB | U.S. Bancorp | 5.67% | 9.98% | Increased |
| SCHW | Charles Schwab Corporation | 1.98% | 9.80% | Increased |
| KKR | KKR | 7.16% | 9.50% | Increased |
| META | Meta Platforms | 6.18% | 6.80% | Increased |
| MU | Micron Technology | 1.71% | 1.92% | Increased |
| INTC | Intel Corporation | 15.04% | 9.20% | Reduced |
| AXP | American Express | 11.49% | 8.55% | Reduced |
| NTRS | Northern Trust | 6.07% | 5.63% | Reduced |
| STT | State Street Corporation | 4.98% | 4.20% | Reduced |
| TSLA | Tesla | 3.86% | 3.62% | Reduced |
| AVGO | Broadcom Inc. | 9.61% | 3.53% | Reduced |
| IBKR | Interactive Brokers Group | 4.17% | 1.31% | Reduced |
| MET | MetLife | 1.14% | 0.90% | Reduced |
| GOOGL | Alphabet Inc. (Class A) | 3.96% | 0.64% | Reduced |
| GOOG | Alphabet Inc. (Class C) | 3.46% | 0.43% | Reduced |
| NVDA | NVIDIA | 2.26% | 0.06% | Reduced |