Semiconductor exposure expands as Qualcomm is cut back
Micron Technology became the largest position after a major increase, with Applied Materials, ASML Holding, and NVIDIA also raised. Qualcomm was cut sharply, while PDD Holdings and Broadcom Inc. were reduced and Apple, Alphabet Inc. (Class A), Alphabet Inc. (Class C), and Microsoft were added or increased. The new mix is most exposed to Micron Technology, Qualcomm, ASML Holding, and NVIDIA, with a stronger tilt toward semiconductor-related names.
Portfolio changes
| Ticker | Company | Before | After | Change |
|---|---|---|---|---|
| MU | — | 10.26% | 30.57% | Increased |
| NVDA | — | 1.90% | 9.48% | Increased |
| ASML | — | 1.49% | 9.31% | Increased |
| AMAT | — | 0.85% | 8.82% | Increased |
| AAPL | — | 2.34% | 3.37% | Increased |
| GOOGL | — | 0.76% | 1.70% | Increased |
| GOOG | — | 0.34% | 1.25% | Increased |
| MSFT | — | 0.19% | 0.80% | Increased |
| QCOM | — | 55.49% | 28.12% | Reduced |
| META | — | 7.19% | 5.19% | Reduced |
| PDD | — | 10.56% | 0.89% | Reduced |
| AVGO | — | 8.66% | 0.50% | Reduced |