Semiconductor exposure deepens as Qualcomm exits and Micron expands
Micron Technology became the largest position after a big increase, with new allocations to Intuit, Lam Research, Microsoft, Applied Materials, and Netflix. Qualcomm and PDD Holdings were fully exited, while ASML Holding, Apple, Meta Platforms, Broadcom Inc., and NVIDIA were reduced. The new mix is most concentrated in semiconductor-related names, led by Micron Technology, Lam Research, Applied Materials, and ASML Holding.
Portfolio changes
| Ticker | Company | Before | After | Change |
|---|---|---|---|---|
| INTU | — | — | 11.96% | Added |
| LRCX | — | — | 9.36% | Added |
| NFLX | — | — | 3.26% | Added |
| MU | — | 9.95% | 29.73% | Increased |
| MSFT | — | 0.45% | 8.35% | Increased |
| AMAT | — | 1.15% | 7.38% | Increased |
| GOOG | — | 0.65% | 3.30% | Increased |
| AVGO | — | 9.01% | 6.73% | Reduced |
| ASML | — | 14.34% | 6.21% | Reduced |
| NVDA | — | 7.18% | 5.87% | Reduced |
| AAPL | — | 10.41% | 3.46% | Reduced |
| META | — | 3.66% | 1.12% | Reduced |
| GOOGL | — | 3.27% | 3.27% | Held |
| QCOM | — | 29.07% | — | Exited |
| PDD | — | 10.87% | — | Exited |