Semiconductor exposure expands as testing and power weights are cut
Sandisk Corporation became the largest increase, with Applied Materials, Lam Research, and Vertiv Holdings Co also added to. The biggest reductions were Monolithic Power Systems and Teradyne, with smaller cuts to Comfort Systems USA, Keysight Technologies, Corning Inc., and Caterpillar; no positions were fully exited. The resulting portfolio is most exposed to Sandisk Corporation, Vertiv Holdings Co, and Applied Materials, with semiconductor-related names still prominent.
Portfolio changes
| Ticker | Company | Before | After | Change |
|---|---|---|---|---|
| SNDK | Sandisk Corporation | 10.15% | 15.94% | Increased |
| VRT | — | 12.68% | 13.90% | Increased |
| AMAT | — | 10.20% | 13.67% | Increased |
| LRCX | — | 7.79% | 10.92% | Increased |
| PWR | — | 9.63% | 9.87% | Increased |
| GLW | — | 12.56% | 10.91% | Reduced |
| FIX | — | 10.21% | 8.18% | Reduced |
| CAT | — | 6.12% | 5.80% | Reduced |
| KEYS | — | 6.93% | 5.24% | Reduced |
| TER | — | 7.12% | 4.11% | Reduced |
| MPWR | — | 6.61% | 1.46% | Reduced |