Polar Capital Holdings portfolio

What changed this quarter

231 positions with a change (29 new, 82 added to, 80 trimmed, 40 sold); also, 4 exited through an acquisition or merger. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Palo Alto Networks+1.6 ppof portfolioNew
  — → 1.6%
• Sandisk−44%fewer sharesReduced
  2.4% → 3.2%
• CrowdStrike Holdings+1.2 ppof portfolioNew
  — → 1.2%
• NVIDIA+17%more sharesIncreased
  9.0% → 7.9%
• Advanced Micro Devices−17%fewer sharesReduced
  3.0% → 4.7%
• Silicon Motion Technology+0.9 ppof portfolioNew
  — → 0.9%
• Ciena−0.9 ppof portfolioSold out
  1.4% → —
• Lumentum Holdings−46%fewer sharesReduced
  2.2% → 1.0%
• Broadcom−26%fewer sharesReduced
  3.9% → 2.3%
• Astrazeneca+0.7 ppof portfolioNew
  — → 0.7%
• Tower Semiconductor+598%more sharesIncreased
  0.1% → 0.8%
• Micron Technology+19%more sharesIncreased
  1.5% → 4.0%

The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight?: what it bought or sold, excluding price effects.

Top holdings

• NVIDIANVDA7.9%
• Advanced Micro DevicesAMD4.7%
• Micron TechnologyMU4.0%
• AlphabetGOOGL · GOOG3.7%
• SandiskSNDK3.2%
• Lam ResearchLRCX2.9%
• Seagate Technology HoldingsSTX2.7%
• IntelINTC2.7%
• KLAKLAC2.5%
• BroadcomAVGO2.3%
• CorningGLW2.2%
• CoherentCOHR1.8%
• Palo Alto NetworksPANW1.6%
• Meta PlatformsMETA1.5%
• Western DigitalWDC1.4%
• AppleAAPL1.3%
• Arista NetworksANET1.2%
• CelesticaCLS1.2%
• CrowdStrike HoldingsCRWD1.2%
• FLEXFLEX1.1%
• TTM TechnologiesTTMI1.0%
• GE VernovaGEV1.0%
• FormFactorFORM1.0%
• SnowflakeSNOW1.0%
• Lumentum HoldingsLITE1.0%
• Amazon.comAMZN0.9%
• Enliven TherapeuticsELVN0.9%
• Vertiv HoldingsVRT0.9%
• MicrosoftMSFT0.9%
• Marvell TechnologyMRVL0.9%
• Silicon Motion TechnologySIMO0.9%
• CloudflareNET0.9%
• Eli LillyLLY0.9%
• Renaissancere HoldingsRNR0.8%
• Arch Capital GroupACGL0.8%
• MACOM Technology Solutions HoldingsMTSI0.8%
• Xenon PharmaceuticalsXENE0.8%
• Tower SemiconductorTSEM0.8%
• Bloom EnergyBE0.7%
• Robinhood MarketsHOOD0.7%
• TwilioTWLO0.7%
• AstrazenecaAZN0.7%
• MongodbMDB0.7%
• FabrinetFN0.6%
• ChubbCB0.6%
• Marsh & Mclennan CompaniesMRSH0.6%
• Johnson & JohnsonJNJ0.6%
• CytokineticsCYTK0.5%
• Akamai TechnologiesAKAM0.5%
• Rhythm PharmaceuticalsRYTM0.5%
• CaterpillarCAT0.5%
• TEVA Pharmaceutical IndustriesTEVA0.5%
• Arcutis BiotherapeuticsARQT0.5%
• AmphenolAPH0.5%
• ServiceNowNOW0.5%
• Ascendis Pharma A/SASND0.5%
• ONTO InnovationONTO0.4%
• BridgeBio PharmaBBIO0.4%
• Essent GroupESNT0.4%
• Markel GroupMKL0.4%
• Berkley W RWRB0.4%
• Alnylam PharmaceuticalsALNY0.4%
• Travelers CompaniesTRV0.4%
• AmgenAMGN0.4%
• Madrigal PharmaceuticalsMDGL0.4%
• Revolution MedicinesRVMD0.4%
• Cogent BiosciencesCOGT0.4%
• Bank of New York MellonBNY0.3%
• Everest GroupEG0.3%
• Oruka TherapeuticsORKA0.3%
• MKSMKSI0.3%
• Ionis PharmaceuticalsIONS0.3%
• RYAN Specialty HoldingsRYAN0.3%
• Brown & BrownBRO0.3%
• Delta Air LinesDAL0.3%
• Comfort Systems USAFIX0.3%
• Reinsurance Group of AmericaRGA0.3%
• Scholar Rock HoldingSRRK0.3%
• Nu HoldingsNU0.3%
• Edwards LifesciencesEW0.3%
• Dianthus TherapeuticsDNTH0.3%
• Mirum PharmaceuticalsMIRM0.3%
• InsmedINSM0.3%
• ProgressivePGR0.3%
• Praxis Precision MedicinesPRAX0.3%
• Qnity ElectronicsQ0.3%
• MBX BiosciencesMBX0.3%
• Spyre TherapeuticsSYRE0.2%
• Knight-Swift Transportation HoldingsKNX0.2%
• Crinetics PharmaceuticalsCRNX0.2%
• WalmartWMT0.2%
• SeaSE0.2%
• US Foods HoldingUSFD0.2%
• PharvarisPHVS0.2%
• Analog DevicesADI0.2%
• Cisco SystemsCSCO0.2%
• SolventumSOLV0.2%
• HagertyHGTY0.2%
• AxogenAXGN0.2%