Semiconductor exposure tightens as KLA and equipment weights rise
KLA Corporation became the largest new position, with bigger allocations also added to Texas Instruments, Applied Materials, and ASML Holding. The update reduced Apple, Broadcom Inc., Lam Research, NVIDIA, Vertex Pharmaceuticals, and Regeneron Pharmaceuticals, while keeping Alphabet Inc. (Class A and Class C), Amazon.com, Intuit, and Micron Technology in the mix. The resulting portfolio is most exposed to semiconductor and semiconductor equipment names.
Portfolio changes
| Ticker | Company | Before | After | Change |
|---|---|---|---|---|
| KLAC | — | 7.52% | 21.05% | Increased |
| AMAT | — | 8.44% | 12.30% | Increased |
| ASML | — | 4.69% | 7.96% | Increased |
| TXN | — | 2.43% | 6.93% | Increased |
| GOOG | — | 5.49% | 5.58% | Increased |
| GOOGL | — | 5.30% | 5.41% | Increased |
| MU | — | 11.19% | 10.97% | Reduced |
| LRCX | — | 14.26% | 9.55% | Reduced |
| REGN | — | 6.58% | 4.61% | Reduced |
| AMZN | — | 3.66% | 3.47% | Reduced |
| VRTX | — | 6.72% | 3.22% | Reduced |
| AVGO | — | 8.03% | 3.02% | Reduced |
| NVDA | — | 5.27% | 2.87% | Reduced |
| AAPL | — | 9.47% | 2.30% | Reduced |
| INTU | — | 0.94% | 0.76% | Reduced |