Semiconductor exposure narrows as Corning takes a larger role
Corning Inc. became the largest position after a sharp increase, with Lam Research and Applied Materials also moved up. Monolithic Power Systems, Quanta Services, Teradyne, and Vertiv Holdings Co were cut, while Comfort Systems USA, Inc. and Caterpillar were modestly increased. The new mix is most exposed to Corning Inc. and other semiconductor-related names, with industrial and infrastructure holdings still present but smaller.
Portfolio changes
| Ticker | Company | Before | After | Change |
|---|---|---|---|---|
| GLW | — | 7.02% | 30.35% | Increased |
| LRCX | — | 1.40% | 13.09% | Increased |
| AMAT | — | 5.76% | 12.61% | Increased |
| FIX | — | 2.35% | 3.48% | Increased |
| CAT | — | 2.82% | 3.07% | Increased |
| TER | — | 21.98% | 16.25% | Reduced |
| SNDK | Sandisk Corporation | 10.77% | 9.83% | Reduced |
| PWR | — | 15.52% | 6.53% | Reduced |
| MPWR | — | 27.38% | 3.12% | Reduced |
| VRT | — | 5.02% | 1.67% | Reduced |