Travel and consumer exposure expands as chip weight is reduced
Airbnb and Booking Holdings were the biggest additions this week, with Airbnb rising to 19.8% and Booking Holdings to 26.8%. The update also increased Micron Technology, PepsiCo, NVIDIA, MercadoLibre, and Alphabet Inc. (Class C), while reducing Applied Materials, Broadcom Inc., Amgen, Meta Platforms, Baker Hughes, Microsoft, Advanced Micro Devices Inc., and Alphabet Inc. (Class A). The portfolio is now most exposed to Booking Holdings, Airbnb, and Applied Materials, with a stronger tilt toward travel and semiconductors.
Portfolio changes
| Ticker | Company | Before | After | Change |
|---|---|---|---|---|
| BKNG | Booking Holdings | 16.04% | 26.82% | Increased |
| ABNB | Airbnb | 2.77% | 19.77% | Increased |
| PEP | PepsiCo | 5.07% | 8.38% | Increased |
| MU | Micron Technology | 3.53% | 7.91% | Increased |
| MELI | MercadoLibre | 3.26% | 4.23% | Increased |
| NVDA | NVIDIA | 3.09% | 4.12% | Increased |
| GOOG | Alphabet Inc. (Class C) | 0.16% | 0.57% | Increased |
| BKR | Baker Hughes | 13.61% | 11.73% | Reduced |
| AMAT | Applied Materials | 23.10% | 6.09% | Reduced |
| AVGO | Broadcom Inc. | 12.70% | 4.70% | Reduced |
| META | Meta Platforms | 7.26% | 3.22% | Reduced |
| MSFT | Microsoft | 2.21% | 1.00% | Reduced |
| AMGN | Amgen | 5.52% | 0.79% | Reduced |
| AMD | Advanced Micro Devices Inc. | 1.56% | 0.57% | Reduced |
| GOOGL | Alphabet Inc. (Class A) | 0.12% | 0.09% | Held |