AI and software exposure rises as semiconductor concentration eases
Advanced Micro Devices Inc., Adobe, Intuit, and Qualcomm were added, while NVIDIA and Netflix were fully exited. Intuit, Micron Technology, Microsoft, Broadcom Inc., and Apple were increased, while Applied Materials, Lam Research, ASML Holding, Alphabet Inc. (Class A), Alphabet Inc. (Class C), and Meta Platforms were reduced. The resulting allocation is most concentrated in Applied Materials, Intuit, and Micron Technology, with a strong tilt toward semiconductor-related names.
Portfolio changes
| Ticker | Company | Before | After | Change |
|---|---|---|---|---|
| AMD | — | — | 8.32% | Added |
| ADBE | — | — | 6.68% | Added |
| QCOM | — | — | 2.61% | Added |
| VRTX | — | — | 1.15% | Added |
| INTU | — | 14.23% | 19.46% | Increased |
| MU | — | 15.18% | 16.45% | Increased |
| MSFT | — | 2.83% | 3.84% | Increased |
| AVGO | — | 2.35% | 3.16% | Increased |
| AAPL | — | 0.17% | 0.99% | Increased |
| AMAT | — | 23.21% | 21.35% | Reduced |
| LRCX | — | 7.17% | 4.45% | Reduced |
| META | — | 4.17% | 3.22% | Reduced |
| GOOGL | — | 5.00% | 2.60% | Reduced |
| ASML | — | 4.69% | 2.55% | Reduced |
| GOOG | — | 3.68% | 2.54% | Reduced |
| NVDA | — | 9.62% | 0.63% | Reduced |
| NFLX | — | 7.69% | — | Exited |