Semiconductor exposure narrows as cash and software weights rise
MicroStrategy Inc. was the largest increase, joined by bigger allocations to Intuit, Microsoft, Netflix, and Broadcom Inc. The update fully exited no positions, but it reduced Applied Materials, ASML Holding, Intel Corporation, Micron Technology, and Advanced Micro Devices Inc. while trimming several other names. The new allocation is evenly spread across all holdings, with the biggest tilt still toward semiconductor-related names and a larger weight in MicroStrategy Inc.
Portfolio changes
| Ticker | Company | Before | After | Change |
|---|---|---|---|---|
| ADI | — | 2.22% | 2.27% | Increased |
| NVDA | NVIDIA | 2.19% | 2.27% | Increased |
| MDLZ | — | 2.19% | 2.27% | Increased |
| GILD | — | 2.17% | 2.27% | Increased |
| GOOGL | Alphabet Inc. (Class A) | 2.17% | 2.27% | Increased |
| PEP | PepsiCo | 2.17% | 2.27% | Increased |
| GOOG | Alphabet Inc. (Class C) | 2.17% | 2.27% | Increased |
| SNPS | — | 2.17% | 2.27% | Increased |
| ISRG | — | 2.16% | 2.27% | Increased |
| AAPL | — | 2.14% | 2.27% | Increased |
| FANG | — | 2.12% | 2.27% | Increased |
| PDD | — | 2.09% | 2.27% | Increased |
| TMUS | — | 2.07% | 2.27% | Increased |
| META | Meta Platforms | 2.06% | 2.27% | Increased |
| AMZN | — | 2.04% | 2.27% | Increased |
| BKR | Baker Hughes | 2.01% | 2.27% | Increased |
| AVGO | Broadcom Inc. | 1.95% | 2.27% | Increased |
| NFLX | — | 1.92% | 2.27% | Increased |
| MSFT | Microsoft | 1.91% | 2.27% | Increased |
| INTU | — | 1.82% | 2.27% | Increased |
| MSTR | — | 1.26% | 2.27% | Increased |
| AMAT | Applied Materials | 3.71% | 2.27% | Reduced |
| ASML | — | 2.85% | 2.27% | Reduced |
| INTC | — | 2.81% | 2.27% | Reduced |
| MU | Micron Technology | 2.75% | 2.27% | Reduced |
| AMD | Advanced Micro Devices Inc. | 2.60% | 2.27% | Reduced |
| VRTX | — | 2.56% | 2.27% | Reduced |
| KDP | — | 2.52% | 2.27% | Reduced |
| PCAR | — | 2.52% | 2.27% | Reduced |
| AEP | — | 2.50% | 2.27% | Reduced |
| LIN | — | 2.41% | 2.27% | Reduced |
| ROP | — | 2.40% | 2.27% | Reduced |
| EXC | — | 2.36% | 2.27% | Reduced |
| REGN | — | 2.34% | 2.27% | Reduced |
| XEL | — | 2.33% | 2.27% | Reduced |
| CHTR | — | 2.28% | 2.27% | Held |
| CMCSA | — | 2.28% | 2.27% | Held |
| WBD | — | 2.28% | 2.27% | Held |
| WMT | — | 2.26% | 2.27% | Held |
| COST | — | 2.26% | 2.27% | Held |
| CSCO | — | 2.25% | 2.27% | Held |
| TXN | — | 2.25% | 2.27% | Held |
| TSLA | — | 2.23% | 2.27% | Held |
| PYPL | — | 2.23% | 2.27% | Held |