Semiconductor exposure expands as AMD exits and memory weight rises
Advanced Micro Devices Inc. was fully exited, while Micron Technology and Qualcomm were increased to become the two largest positions. Broadcom Inc., Alphabet Inc. (Class A), NVIDIA, Applied Materials, PDD Holdings, ASML Holding, and Alphabet Inc. (Class C) were also added to, while Meta Platforms, Apple, and Microsoft were trimmed. The new allocation is most concentrated in semiconductor-related names, led by Micron Technology, Qualcomm, and Broadcom Inc.
Portfolio changes
| Ticker | Company | Before | After | Change |
|---|---|---|---|---|
| MU | — | 4.45% | 22.12% | Increased |
| QCOM | — | 6.84% | 21.89% | Increased |
| AVGO | — | 3.80% | 9.52% | Increased |
| GOOGL | — | 1.15% | 6.32% | Increased |
| NVDA | — | 1.19% | 6.01% | Increased |
| ASML | — | 3.48% | 5.55% | Increased |
| PDD | — | 1.83% | 5.16% | Increased |
| AMAT | — | 1.64% | 4.99% | Increased |
| GOOG | — | 2.00% | 4.30% | Increased |
| MSFT | — | 7.34% | 6.93% | Reduced |
| META | — | 8.29% | 3.82% | Reduced |
| AAPL | — | 4.31% | 3.37% | Reduced |
| AMD | — | 53.70% | — | Exited |