Semiconductor exposure expands alongside travel and industrial buys
Applied Materials became the largest new position, joined by sizable new allocations to Booking Holdings, Baker Hughes, and Broadcom Inc. The rebalance added 15 positions in total, with no exits or reductions, and also included new stakes in Meta Platforms, Amgen, PepsiCo, Micron Technology, MercadoLibre, NVIDIA, Airbnb, Microsoft, Advanced Micro Devices Inc., and both Alphabet Inc. share classes. The portfolio is now most exposed to semiconductors and related technology names, with a large secondary weight in travel and industrial energy exposure.
Portfolio changes
| Ticker | Company | Before | After | Change |
|---|---|---|---|---|
| AMAT | Applied Materials | — | 21.98% | Added |
| BKNG | Booking Holdings | — | 17.36% | Added |
| BKR | Baker Hughes | — | 13.81% | Added |
| AVGO | Broadcom Inc. | — | 13.16% | Added |
| META | Meta Platforms | — | 6.31% | Added |
| AMGN | Amgen | — | 5.32% | Added |
| PEP | PepsiCo | — | 5.21% | Added |
| MU | Micron Technology | — | 3.37% | Added |
| MELI | MercadoLibre | — | 3.37% | Added |
| NVDA | NVIDIA | — | 3.11% | Added |
| ABNB | Airbnb | — | 3.08% | Added |
| MSFT | Microsoft | — | 2.22% | Added |
| AMD | Advanced Micro Devices Inc. | — | 1.41% | Added |
| GOOG | Alphabet Inc. (Class C) | — | 0.17% | Added |
| GOOGL | Alphabet Inc. (Class A) | — | 0.13% | Added |