Industrial, testing, and infrastructure exposure expands as optics is cut
Corning Inc., Teradyne, Vertiv Holdings Co, Comfort Systems USA, Inc., and Caterpillar were the biggest new positions, while Lumentum Holdings Inc. was fully exited and Western Digital Corp was also sold out. Lam Research was trimmed but remained a large holding, and the new mix is most concentrated in Corning Inc., Teradyne, and Lam Research, with added exposure to industrial, infrastructure, and semiconductor-related names.
Portfolio changes
| Ticker | Company | Before | After | Change |
|---|---|---|---|---|
| GLW | — | — | 24.14% | Added |
| TER | — | — | 17.28% | Added |
| VRT | — | — | 12.39% | Added |
| FIX | — | — | 11.02% | Added |
| CAT | — | — | 10.81% | Added |
| CIEN | — | — | 3.40% | Added |
| EXPE | — | — | 0.79% | Added |
| SCHW | — | — | 0.08% | Added |
| LRCX | — | 23.46% | 20.10% | Reduced |
| LITE | — | 70.27% | — | Exited |
| WDC | Western Digital Corp | 6.27% | — | Exited |