Semiconductor exposure shifts toward power and testing names
Monolithic Power Systems and Teradyne were the biggest additions, while Corning Inc., Lam Research, and Applied Materials were cut back sharply. Quanta Services and Vertiv Holdings Co were also increased, while Sandisk Corporation and Comfort Systems USA, Inc. were reduced slightly; Caterpillar was essentially unchanged. The new mix is most exposed to Monolithic Power Systems, Teradyne, and Quanta Services, with semiconductor-related names still prominent but less dominant than before.
Portfolio changes
| Ticker | Company | Before | After | Change |
|---|---|---|---|---|
| MPWR | — | 3.08% | 27.61% | Increased |
| TER | — | 7.80% | 22.85% | Increased |
| PWR | — | 7.89% | 14.66% | Increased |
| VRT | — | 3.42% | 4.50% | Increased |
| SNDK | Sandisk Corporation | 14.87% | 11.67% | Reduced |
| GLW | — | 27.10% | 6.68% | Reduced |
| AMAT | — | 12.98% | 5.61% | Reduced |
| FIX | — | 2.78% | 2.24% | Reduced |
| LRCX | — | 17.30% | 1.41% | Reduced |
| CAT | — | 2.78% | 2.78% | Held |