Semiconductor exposure expands as cloud and software weights are cut
KLA Corporation, Applied Materials, Lam Research, Micron Technology, and ASML Holding were the biggest additions, while Amazon.com, Broadcom Inc., both Alphabet Inc. share classes, Intuit, NVIDIA, and Regeneron Pharmaceuticals were cut back. Texas Instruments was also reduced, and Apple was increased slightly. The new allocation is most concentrated in semiconductor equipment and memory names, led by KLA Corporation and Applied Materials.
Portfolio changes
| Ticker | Company | Before | After | Change |
|---|---|---|---|---|
| KLAC | — | 3.76% | 21.58% | Increased |
| AMAT | — | 2.47% | 18.99% | Increased |
| LRCX | — | 1.76% | 13.74% | Increased |
| ASML | — | 3.56% | 10.51% | Increased |
| MU | — | 0.14% | 10.49% | Increased |
| VRTX | — | 3.53% | 6.47% | Increased |
| AAPL | — | 0.16% | 0.29% | Increased |
| NVDA | — | 12.93% | 5.07% | Reduced |
| AVGO | — | 14.00% | 4.91% | Reduced |
| INTU | — | 10.95% | 2.12% | Reduced |
| REGN | — | 9.31% | 1.94% | Reduced |
| AMZN | — | 15.98% | 1.64% | Reduced |
| GOOGL | — | 9.87% | 1.00% | Reduced |
| TXN | — | 1.96% | 0.65% | Reduced |
| GOOG | — | 9.64% | 0.61% | Reduced |