Semiconductor exposure expands as industrial and travel weights are cut
Lam Research, Applied Materials, and Sandisk Corporation were the biggest additions, while Comfort Systems USA, Inc., Vertiv Holdings Co, and Expedia Inc were cut back or fully exited. Corning Inc. and Teradyne were also increased, and Caterpillar was raised from a very small weight. The new mix is most exposed to Corning Inc. and a larger semiconductor-related sleeve, with smaller positions in industrial and infrastructure names.
Portfolio changes
| Ticker | Company | Before | After | Change |
|---|---|---|---|---|
| AMAT | — | — | 13.08% | Added |
| SNDK | Sandisk Corporation | — | 12.74% | Added |
| PWR | — | — | 8.86% | Added |
| MPWR | — | — | 3.44% | Added |
| GLW | — | 16.34% | 25.87% | Increased |
| LRCX | — | 3.44% | 17.03% | Increased |
| TER | — | 7.69% | 9.15% | Increased |
| CAT | — | 0.15% | 3.10% | Increased |
| VRT | — | 26.07% | 3.73% | Reduced |
| FIX | — | 36.12% | 3.00% | Reduced |
| EXPE | — | 10.18% | — | Exited |