Semiconductor exposure expands as industrial and infrastructure weights are cut
Sandisk Corporation became the largest position after a big increase, with Lam Research and Applied Materials also moved up sharply. The update cut Quanta Services, Comfort Systems USA, Inc., Vertiv Holdings Co, and Caterpillar, while adding to Corning Inc., Teradyne, and Monolithic Power Systems. The resulting portfolio is most exposed to semiconductor-related names, with smaller allocations across industrial and infrastructure holdings.
Portfolio changes
| Ticker | Company | Before | After | Change |
|---|---|---|---|---|
| SNDK | Sandisk Corporation | 17.48% | 27.49% | Increased |
| LRCX | — | 4.43% | 16.34% | Increased |
| TER | — | 8.91% | 13.11% | Increased |
| AMAT | — | 3.32% | 11.92% | Increased |
| MPWR | — | 6.48% | 8.11% | Increased |
| GLW | — | 0.35% | 6.51% | Increased |
| FIX | — | 14.86% | 4.11% | Reduced |
| VRT | — | 12.04% | 3.60% | Reduced |
| CAT | — | 11.80% | 3.38% | Reduced |
| KEYS | — | 5.54% | 3.13% | Reduced |
| PWR | — | 14.79% | 2.30% | Reduced |