Chip exposure expands as Apple and applied materials are trimmed
Broadcom Inc. became the largest new position, with Intuit, Meta Platforms, NVIDIA, and Qualcomm also increased. The update fully exited no positions, but it sharply reduced Apple, Applied Materials, Alphabet Inc. (Class A and Class C), Vertex Pharmaceuticals, Micron Technology, and Lam Research. The portfolio is now most exposed to Broadcom Inc., Qualcomm, Intuit, NVIDIA, and Apple, with a heavier tilt toward semiconductors and related technology names.
Portfolio changes
| Ticker | Company | Before | After | Change |
|---|---|---|---|---|
| AVGO | — | 0.12% | 15.04% | Increased |
| INTU | — | 4.54% | 13.46% | Increased |
| QCOM | — | 8.98% | 12.62% | Increased |
| NVDA | — | 2.64% | 8.56% | Increased |
| AMD | — | 5.89% | 7.59% | Increased |
| META | — | 0.26% | 7.17% | Increased |
| ADBE | — | 2.25% | 2.58% | Increased |
| MU | — | 10.64% | 5.38% | Reduced |
| LRCX | — | 8.72% | 5.29% | Reduced |
| VRTX | — | 10.80% | 5.24% | Reduced |
| AAPL | — | 13.87% | 4.80% | Reduced |
| GOOG | — | 8.71% | 2.78% | Reduced |
| MSFT | — | 3.36% | 2.72% | Reduced |
| GOOGL | — | 6.84% | 2.45% | Reduced |
| AMAT | — | 10.28% | 2.34% | Reduced |
| ASML | — | 2.10% | 1.97% | Reduced |