LONDON - Polar Capital Technology Trust PLC (LSE:LON:PCT) has released an update on its top fifteen equity holdings, sector, and geographic exposures as of November 29, 2024. The data shows a significant concentration in technology-related stocks, with NVIDIA Corporation (NASDAQ:NVDA) leading the pack at 11.4% of the trust's portfolio.
The technology-focused investment trust reported that semiconductors and semiconductor equipment represent the largest sector exposure, accounting for 30.2% of the portfolio. This is followed by software and interactive media & services, with 18.0% and 11.8% respectively. The trust's exposure to technology hardware, storage & peripherals, and electronic equipment, instruments & components also remains substantial.
Geographically, the trust has the most significant exposure to the US & Canada markets, which make up 76.1% of the portfolio. Asia Pacific (excluding Japan) and Europe (excluding the UK) also feature prominently, with 9.7% and 3.4% respectively.
The top fifteen equity holdings after NVIDIA include some of the largest names in technology, such as Microsoft Corporation (NASDAQ:MSFT), Meta Platforms Inc. (NASDAQ:META), Apple Inc. (NASDAQ:AAPL), and Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM). Collectively, these top fifteen holdings represent 57.1% of the trust's total investments.
Polar Capital Technology Trust has made the full portfolio listing as of October 31, 2024, available on its website, providing transparency for investors interested in the detailed composition of the trust's investments. The monthly factsheet, which includes a commentary by the investment manager, is expected to be available on the company's website by the 10th working day following the month's end.
The information is based on a press release statement and is intended to offer a snapshot of the trust's portfolio positioning heading into the final month of the year. Investors are advised to consult the full portfolio listing and the upcoming monthly factsheet for a more comprehensive understanding of the trust's investment strategy and market outlook.
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