Comfort Systems USA, Inc., Vertiv Holdings Co, and Corning Inc. were the biggest additions, while Lam Research, Teradyne, Caterpillar, and Expedia Inc were reduced. Caterpillar was cut to a minimal weight, and the updated mix is most concentrated in Comfort Systems USA, Inc. and Vertiv Holdings Co, with Corning Inc. also a larger holding.
IncreasedFIXVRTGLW
ReducedEXPETERLRCXCAT
Expedia Inc became the largest new position, Lam Research was increased, and Corning Inc. was cut sharply. Ciena Corporation and Charles Schwab Corporation were fully exited, while Caterpillar, Vertiv Holdings Co, and Comfort Systems USA, Inc. were trimmed slightly. The new mix is most concentrated in Expedia Inc, Lam Research, and Teradyne, with Corning Inc. still a smaller holding.
IncreasedLRCXEXPETER
ReducedFIXCATVRTGLW
ExitedCIENSCHW
Corning Inc., Teradyne, Vertiv Holdings Co, Comfort Systems USA, Inc., and Caterpillar were the biggest new positions, while Lumentum Holdings Inc. was fully exited and Western Digital Corp was also sold out. Lam Research was trimmed but remained a large holding, and the new mix is most concentrated in Corning Inc., Teradyne, and Lam Research, with added exposure to industrial, infrastructure, and semiconductor-related names.
AddedGLWTERVRTFIXCATCIENEXPESCHW
ReducedLRCX
ExitedLITEWDC