Key insights
- Polar Capital Technology Trust's top holdings reveal a strong overweight in semiconductors and related hardware, with NVIDIA, Alphabet, and TSMC leading. The significant allocation to US tech giants and semiconductor manufacturers suggests continued investor confidence in this sector. While not a direct indicator of market-wide movement, this concentration highlights key areas of focus and potential future performance drivers for the tech-heavy equity markets.
LONDON - Polar Capital Technology Trust plc disclosed its top ten equity holdings and sector allocations as of May 29, according to a press release statement.
NVIDIA represented the largest position at 8.1% of the portfolio, followed by Alphabet at 7.2% and Taiwan Semiconductor Manufacturing Company at 4.9%. The top ten holdings comprised 45.9% of the portfolio.
Other significant positions included Advanced Micro Devices at 4.5%, Microsoft at 4.4%, Broadcom at 4.2%, Micron Technology at 4.0%, Apple at 3.6%, Samsung Electronics at 2.8%, and SK Hynix at 2.1%.
By sector, semiconductors and semiconductor equipment accounted for 40.6% of the portfolio, representing the largest allocation. Technology hardware, storage and peripherals comprised 10.1%, while electronic equipment, instruments and components made up 10.0%. Interactive media and services represented 9.5%, and software accounted for 5.9%. The trust held 6.6% in cash.
Geographically, the United States and Canada represented 64.2% of the portfolio. Asia Pacific excluding Japan accounted for 18.3%, Japan for 5.5%, and Europe excluding the United Kingdom for 4.5%. The Middle East and Africa represented 0.5%, as did the United Kingdom.
The company stated that complete portfolio information is published in its annual and half-year reports and on its website quarterly. The monthly factsheet, which includes commentary from the investment manager, is typically available on the company’s website on the tenth working day after month end.
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