Planned rebalance adds chip and consumer exposure while reducing travel weight
Booking Holdings and Airbnb are planned to be fully exited, while Intel Corporation becomes the largest new position and PepsiCo is increased the most. The plan also adds or increases Advanced Micro Devices Inc., MercadoLibre, Meta Platforms, ASML Holding, ADP, Amazon.com, Costco, NVIDIA, Amgen, Tesla, Constellation Energy, and both Alphabet Inc. share classes, while reducing Broadcom Inc. and fully exiting Microsoft. If executed, the target portfolio would be most exposed to semiconductors, consumer staples, and a mix of large-cap internet and technology names.
Portfolio changes
| Ticker | Company | Before | After | Change |
|---|---|---|---|---|
| INTC | Intel Corporation | — | 11.27% | Added |
| ASML | ASML Holding | — | 3.64% | Added |
| ADP | ADP | — | 3.40% | Added |
| AMZN | Amazon.com | — | 3.36% | Added |
| COST | Costco | — | 3.30% | Added |
| TSLA | Tesla | — | 0.90% | Added |
| CEG | Constellation Energy | — | 0.75% | Added |
| AAPL | Apple | — | 0.05% | Added |
| PEP | PepsiCo | 7.47% | 14.38% | Increased |
| BKR | Baker Hughes | 11.28% | 11.84% | Increased |
| MU | Micron Technology | 7.95% | 8.33% | Increased |
| MELI | MercadoLibre | 4.03% | 8.32% | Increased |
| NVDA | NVIDIA | 4.20% | 7.30% | Increased |
| AMAT | Applied Materials | 6.73% | 6.91% | Increased |
| META | Meta Platforms | 2.98% | 6.41% | Increased |
| AMD | Advanced Micro Devices Inc. | 0.55% | 5.97% | Increased |
| AMGN | Amgen | 0.79% | 2.00% | Increased |
| GOOG | Alphabet Inc. (Class C) | 0.56% | 1.13% | Increased |
| GOOGL | Alphabet Inc. (Class A) | 0.09% | 0.67% | Increased |
| AVGO | Broadcom Inc. | 4.56% | 0.05% | Reduced |
| BKNG | Booking Holdings | 27.04% | — | Exited |
| ABNB | Airbnb | 20.75% | — | Exited |
| MSFT | Microsoft | 1.02% | — | Exited |