Semiconductor exposure narrows as software and streaming weights rise
NVIDIA was the biggest increase, joined by larger allocations to Netflix, Alphabet Inc. (Class A), Alphabet Inc. (Class C), Intuit, Micron Technology, and Meta Platforms. The main reductions were Lam Research, ASML Holding, Applied Materials, and Broadcom Inc., with smaller trims to Apple and Microsoft. The resulting portfolio is most exposed to Applied Materials, Intuit, Micron Technology, Lam Research, and NVIDIA, keeping the largest weights in semiconductor-related names.
Portfolio changes
| Ticker | Company | Before | After | Change |
|---|---|---|---|---|
| INTU | — | 13.28% | 15.21% | Increased |
| MU | — | 13.57% | 14.95% | Increased |
| NVDA | — | 0.15% | 10.40% | Increased |
| NFLX | — | 3.20% | 8.48% | Increased |
| GOOGL | — | 1.73% | 5.24% | Increased |
| META | — | 3.13% | 4.50% | Increased |
| GOOG | — | 1.21% | 3.90% | Increased |
| AMAT | — | 24.28% | 20.33% | Reduced |
| LRCX | — | 18.60% | 6.64% | Reduced |
| ASML | — | 12.46% | 4.54% | Reduced |
| MSFT | — | 3.33% | 3.07% | Reduced |
| AVGO | — | 4.56% | 2.56% | Reduced |
| AAPL | — | 0.49% | 0.19% | Reduced |