Tech concentration eases as a broader mix of sectors is added

Intel Corporation was cut sharply from the largest position, and Alphabet Inc. (Class A), Alphabet Inc. (Class C), Amazon.com, Meta Platforms, and Microsoft were all reduced to smaller equal-sized stakes. The rebalance added 35 new positions, including Apple, Analog Devices, American Electric Power, Applied Materials, Advanced Micro Devices Inc., ASML Holding, Broadcom Inc., Charter Communications, Cisco Systems, Netflix, NVIDIA, Tesla, Texas Instruments, and others. The resulting portfolio is spread evenly across many holdings, with no single name dominating and a clear tilt toward a broad mix of technology, communications, consumer, healthcare, energy, and utilities names.