Healthcare and industrial exposure expand as software and equipment are reduced
Amphenol and Moderna Inc. became the two largest positions, with Amphenol rising to 44.9% and Moderna Inc. added at 36.4%. Zebra Technologies was cut to a token weight, while Charles River Laboratories, Datadog, 3M, Arista Networks, and Micron Technology were all reduced; General Electric Co and Bio-Techne were added in small sizes. The portfolio is now most concentrated in Amphenol and Moderna Inc., with much smaller remaining exposure across the other names.
Portfolio changes
| Ticker | Company | Before | After | Change |
|---|---|---|---|---|
| MRNA | — | — | 36.38% | Added |
| GE | — | — | 0.66% | Added |
| TECH | — | — | 0.56% | Added |
| APH | — | 10.27% | 44.93% | Increased |
| DDOG | — | 19.37% | 4.10% | Reduced |
| ANET | — | 8.85% | 3.71% | Reduced |
| FTNT | — | 3.52% | 3.34% | Reduced |
| CRL | — | 17.80% | 2.27% | Reduced |
| MU | Micron Technology | 3.75% | 2.13% | Reduced |
| MMM | — | 7.25% | 1.81% | Reduced |
| ZBRA | — | 29.19% | 0.10% | Reduced |