Chip concentration eases as software and healthcare exposure grows
Apple, Alphabet Inc. (Class A), Alphabet Inc. (Class C), Regeneron Pharmaceuticals, and Broadcom Inc. were the biggest additions, while KLA Corporation, Applied Materials, and ASML Holding were cut back the most. No positions were fully exited. The portfolio is now more balanced, with the largest weights spread across Lam Research, Micron Technology, KLA Corporation, and Applied Materials, alongside larger allocations to Apple and the two Alphabet shares.
Portfolio changes
| Ticker | Company | Before | After | Change |
|---|---|---|---|---|
| LRCX | — | 13.63% | 13.84% | Increased |
| AAPL | — | 0.32% | 9.46% | Increased |
| AVGO | — | 4.51% | 8.09% | Increased |
| REGN | — | 2.15% | 6.71% | Increased |
| GOOG | — | 0.64% | 5.47% | Increased |
| NVDA | — | 5.18% | 5.41% | Increased |
| GOOGL | — | 1.05% | 5.28% | Increased |
| AMZN | — | 1.71% | 3.70% | Increased |
| TXN | — | 0.67% | 2.45% | Increased |
| MU | — | 11.36% | 11.05% | Reduced |
| AMAT | — | 18.10% | 8.63% | Reduced |
| KLAC | — | 20.43% | 7.57% | Reduced |
| VRTX | — | 7.15% | 6.70% | Reduced |
| ASML | — | 10.71% | 4.66% | Reduced |
| INTU | — | 2.41% | 0.98% | Reduced |