Healthcare and industrial exposure rises as staples and chips are reduced
Kraft Heinz was fully exited, while Gilead Sciences, Linde plc, Vertex Pharmaceuticals, and Warner Bros. Discovery were added as new positions. Several existing holdings were trimmed, including Micron Technology, Advanced Micro Devices Inc., Cisco Systems, Intel Corporation, Apple, Tesla, Applied Materials, ASML Holding, Microsoft, Texas Instruments, and others, with only small increases in names like PDD Holdings, Intuit, Regeneron Pharmaceuticals, Charter Communications, Walmart, and PayPal. The new mix is most evenly spread across the added positions and the rest of the holdings, with no single name standing out as a dominant exposure from the supplied data.
Portfolio changes
| Ticker | Company | Before | After | Change |
|---|---|---|---|---|
| GILD | — | — | 2.27% | Added |
| LIN | — | — | 2.27% | Added |
| VRTX | — | — | 2.27% | Added |
| WBD | — | — | 2.27% | Added |
| PCAR | — | 2.20% | 2.27% | Increased |
| NFLX | — | 2.18% | 2.27% | Increased |
| FANG | — | 2.21% | 2.27% | Increased |
| ISRG | — | 2.20% | 2.27% | Increased |
| AEP | — | 2.19% | 2.27% | Increased |
| CMCSA | — | 2.18% | 2.27% | Increased |
| ROP | — | 2.18% | 2.27% | Increased |
| BKR | Baker Hughes | 2.17% | 2.27% | Increased |
| PEP | PepsiCo | 2.16% | 2.27% | Increased |
| PYPL | — | 2.12% | 2.27% | Increased |
| WMT | — | 2.08% | 2.27% | Increased |
| REGN | — | 2.06% | 2.27% | Increased |
| INTU | — | 2.02% | 2.27% | Increased |
| PDD | — | 2.00% | 2.27% | Increased |
| CHTR | — | 2.07% | 2.27% | Increased |
| NVDA | NVIDIA | 2.51% | 2.27% | Reduced |
| MU | Micron Technology | 4.45% | 2.27% | Reduced |
| AMD | Advanced Micro Devices Inc. | 3.45% | 2.27% | Reduced |
| CSCO | — | 3.12% | 2.27% | Reduced |
| INTC | — | 2.88% | 2.27% | Reduced |
| AAPL | — | 2.73% | 2.27% | Reduced |
| TSLA | — | 2.71% | 2.27% | Reduced |
| AMAT | Applied Materials | 2.71% | 2.27% | Reduced |
| ASML | — | 2.66% | 2.27% | Reduced |
| MSFT | Microsoft | 2.62% | 2.27% | Reduced |
| TXN | — | 2.58% | 2.27% | Reduced |
| AVGO | Broadcom Inc. | 2.54% | 2.27% | Reduced |
| META | Meta Platforms | 2.45% | 2.27% | Reduced |
| ADI | — | 2.44% | 2.27% | Reduced |
| KDP | — | 2.42% | 2.27% | Reduced |
| AMZN | — | 2.42% | 2.27% | Reduced |
| MDLZ | — | 2.36% | 2.27% | Reduced |
| EXC | — | 2.35% | 2.27% | Reduced |
| GOOGL | Alphabet Inc. (Class A) | 2.34% | 2.27% | Reduced |
| GOOG | Alphabet Inc. (Class C) | 2.34% | 2.27% | Reduced |
| SNPS | — | 2.34% | 2.27% | Reduced |
| MSTR | — | 2.28% | 2.27% | Held |
| TMUS | — | 2.27% | 2.27% | Held |
| COST | — | 2.23% | 2.27% | Held |
| XEL | — | 2.27% | 2.27% | Held |
| KHC | — | 2.51% | — | Exited |