Semiconductor and optical exposure rises as industrial holdings exit
Lumentum Holdings Inc. was the largest new position, joined by bigger allocations to Teradyne, Sandisk Corporation, and Micron Technology. The rebalance fully exited Vertiv Holdings Co, Applied Materials, Lam Research, Marvell Technology, Caterpillar, Comfort Systems USA, Inc., and Keysight Technologies, while increasing Corning Inc. The resulting portfolio is concentrated in Corning Inc., Teradyne, Lumentum Holdings Inc., Micron Technology, and Sandisk Corporation, with a clear tilt toward semiconductor and optical/networking-related names.
Portfolio changes
| Ticker | Company | Before | After | Change |
|---|---|---|---|---|
| LITE | — | — | 21.67% | Added |
| GLW | — | 22.24% | 22.95% | Increased |
| TER | — | 8.85% | 22.50% | Increased |
| MU | Micron Technology | 8.52% | 18.00% | Increased |
| SNDK | Sandisk Corporation | 0.27% | 14.88% | Increased |
| VRT | — | 16.18% | — | Exited |
| AMAT | — | 13.67% | — | Exited |
| LRCX | — | 10.02% | — | Exited |
| MRVL | — | 9.29% | — | Exited |
| CAT | — | 6.71% | — | Exited |
| FIX | — | 4.05% | — | Exited |
| KEYS | — | 0.19% | — | Exited |