Finforge

Sophon Core

Medium RiskS&P 500Sector SpecialistConcentrated
RSS

AI and pharma exposure rise as software and chip weightings are trimmed

Apple, Vertex Pharmaceuticals, Qualcomm, Alphabet Inc. (Class C), and Lam Research were the biggest additions this week, while Intuit and Applied Materials were the largest reductions. Adobe, Meta Platforms, Micron Technology, Broadcom Inc., Advanced Micro Devices Inc., Microsoft, and ASML Holding were also trimmed, and no positions were fully exited. The new allocation is most exposed to Apple, Vertex Pharmaceuticals, Qualcomm, and the two Alphabet share classes, with semiconductor names still a major part of the mix.

IncreasedAAPLVRTXQCOMLRCXGOOGGOOGLNVDA

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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.

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ExitedNFLX

Semiconductor exposure narrows as software and streaming weights rise

NVIDIA was the biggest increase, joined by larger allocations to Netflix, Alphabet Inc. (Class A), Alphabet Inc. (Class C), Intuit, Micron Technology, and Meta Platforms. The main reductions were Lam Research, ASML Holding, Applied Materials, and Broadcom Inc., with smaller trims to Apple and Microsoft. The resulting portfolio is most exposed to Applied Materials, Intuit, Micron Technology, Lam Research, and NVIDIA, keeping the largest weights in semiconductor-related names.

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Semiconductor exposure expands as AI chip weight is reduced

Applied Materials, Lam Research, and ASML Holding were the biggest increases, while NVIDIA, Alphabet Inc. (Class C), Alphabet Inc. (Class A), and Apple were cut sharply. Netflix was also added to a larger weight, and Micron Technology, Intuit, Meta Platforms, Broadcom Inc., and Microsoft were all reduced. The resulting mix is most exposed to semiconductor and chip-equipment names, led by Applied Materials, Lam Research, ASML Holding, and Micron Technology.

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Software and platform exposure expands as memory weight is reduced

Intuit became the largest position after a sizable increase, while Meta Platforms, both Alphabet share classes, Apple, ASML Holding, and NVIDIA were also raised. Micron Technology was cut sharply, and Microsoft, Netflix, Broadcom Inc., Lam Research, and Applied Materials were reduced. The portfolio is now most exposed to Intuit and Micron Technology, with semiconductor names still a major part of the mix alongside larger allocations to Alphabet and Meta Platforms.

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Semiconductor exposure deepens as Qualcomm exits and Micron expands

Micron Technology became the largest position after a big increase, with new allocations to Intuit, Lam Research, Microsoft, Applied Materials, and Netflix. Qualcomm and PDD Holdings were fully exited, while ASML Holding, Apple, Meta Platforms, Broadcom Inc., and NVIDIA were reduced. The new mix is most concentrated in semiconductor-related names, led by Micron Technology, Lam Research, Applied Materials, and ASML Holding.

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ExitedQCOMPDD

Consumer and chip exposure rebalance as memory weight falls

PDD Holdings, Broadcom Inc., Apple, and ASML Holding were the biggest additions, while Micron Technology and Applied Materials were cut sharply. NVIDIA, Meta Platforms, Alphabet Inc. (Class C), Microsoft, and Qualcomm were also reduced. The new mix is most exposed to Qualcomm, ASML Holding, Micron Technology, and Apple, with stronger weight in semiconductors and related technology names.

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Semiconductor exposure expands as Qualcomm is cut back

Micron Technology became the largest position after a major increase, with Applied Materials, ASML Holding, and NVIDIA also raised. Qualcomm was cut sharply, while PDD Holdings and Broadcom Inc. were reduced and Apple, Alphabet Inc. (Class A), Alphabet Inc. (Class C), and Microsoft were added or increased. The new mix is most exposed to Micron Technology, Qualcomm, ASML Holding, and NVIDIA, with a stronger tilt toward semiconductor-related names.

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Semiconductor exposure narrows as Qualcomm takes a larger role

Qualcomm became the dominant holding after a large increase, while PDD Holdings and Meta Platforms were also raised. Micron Technology was trimmed sharply, and Microsoft, Alphabet Inc. (Class A), Applied Materials, NVIDIA, ASML Holding, Alphabet Inc. (Class C), Apple, and Broadcom Inc. were reduced. The new allocation is now most concentrated in Qualcomm, with continued exposure to Micron Technology and PDD Holdings.

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Semiconductor exposure expands as AMD exits and memory weight rises

Advanced Micro Devices Inc. was fully exited, while Micron Technology and Qualcomm were increased to become the two largest positions. Broadcom Inc., Alphabet Inc. (Class A), NVIDIA, Applied Materials, PDD Holdings, ASML Holding, and Alphabet Inc. (Class C) were also added to, while Meta Platforms, Apple, and Microsoft were trimmed. The new allocation is most concentrated in semiconductor-related names, led by Micron Technology, Qualcomm, and Broadcom Inc.

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ExitedAMD