Semiconductor exposure narrows as Qualcomm takes a larger role
Qualcomm became the dominant holding after a large increase, while PDD Holdings and Meta Platforms were also raised. Micron Technology was trimmed sharply, and Microsoft, Alphabet Inc. (Class A), Applied Materials, NVIDIA, ASML Holding, Alphabet Inc. (Class C), Apple, and Broadcom Inc. were reduced. The new allocation is now most concentrated in Qualcomm, with continued exposure to Micron Technology and PDD Holdings.
Portfolio changes
| Ticker | Company | Before | After | Change |
|---|---|---|---|---|
| QCOM | — | 20.75% | 58.05% | Increased |
| PDD | — | 4.56% | 10.11% | Increased |
| META | — | 3.41% | 6.63% | Increased |
| MU | — | 27.16% | 9.82% | Reduced |
| AVGO | — | 8.66% | 8.13% | Reduced |
| AAPL | — | 3.15% | 2.12% | Reduced |
| NVDA | — | 5.81% | 1.68% | Reduced |
| ASML | — | 5.52% | 1.47% | Reduced |
| AMAT | — | 4.98% | 0.79% | Reduced |
| GOOGL | — | 5.86% | 0.71% | Reduced |
| GOOG | — | 3.97% | 0.32% | Reduced |
| MSFT | — | 6.19% | 0.17% | Reduced |