Travel exposure expands as optical and industrial weights are cut
Expedia Inc became the largest new position, Lam Research was increased, and Corning Inc. was cut sharply. Ciena Corporation and Charles Schwab Corporation were fully exited, while Caterpillar, Vertiv Holdings Co, and Comfort Systems USA, Inc. were trimmed slightly. The new mix is most concentrated in Expedia Inc, Lam Research, and Teradyne, with Corning Inc. still a smaller holding.
Portfolio changes
| Ticker | Company | Before | After | Change |
|---|---|---|---|---|
| LRCX | — | 20.78% | 24.85% | Increased |
| EXPE | — | 0.93% | 21.27% | Increased |
| TER | — | 18.19% | 18.27% | Increased |
| FIX | — | 11.63% | 11.53% | Reduced |
| CAT | — | 11.06% | 9.70% | Reduced |
| VRT | — | 10.18% | 9.37% | Reduced |
| GLW | — | 23.60% | 5.01% | Reduced |
| CIEN | — | 3.55% | — | Exited |
| SCHW | — | 0.07% | — | Exited |