Data center and semiconductor exposure expands as services names are reduced
Corning Inc. became the largest position after a large increase, with new allocations to Marvell Technology and Micron Technology and a bigger stake in Teradyne. The update fully exited Quanta Services and Monolithic Power Systems, and sharply reduced Sandisk Corporation and Keysight Technologies, leaving the portfolio more concentrated in Corning Inc. and still heavily exposed to semiconductor and infrastructure-related names.
Portfolio changes
| Ticker | Company | Before | After | Change |
|---|---|---|---|---|
| MRVL | — | — | 9.51% | Added |
| MU | Micron Technology | — | 8.25% | Added |
| GLW | — | 12.67% | 24.57% | Increased |
| VRT | — | 12.91% | 13.57% | Increased |
| TER | — | 4.18% | 9.69% | Increased |
| CAT | — | 5.54% | 6.00% | Increased |
| AMAT | — | 14.89% | 13.79% | Reduced |
| LRCX | — | 11.24% | 10.37% | Reduced |
| FIX | — | 7.50% | 3.79% | Reduced |
| SNDK | Sandisk Corporation | 16.29% | 0.28% | Reduced |
| KEYS | — | 4.60% | 0.17% | Reduced |
| PWR | — | 8.93% | — | Exited |
| MPWR | — | 1.25% | — | Exited |