Trim: Deere & Company (NYSE: DE)
We have reduced our position in Deere & Company (DE) by half following strong share price performance. While we remain confident in the company’s long-term Smart Industrial transformation, agricultural cycle risks and an elevated valuation warrant a more measured allocation. This reduction also helps lower our overweight exposure to the Capital Goods sector and provides capital to strengthen other areas of the portfolio.
Add: NVIDIA Corporation (NASDAQ: NVDA)
We have increased our existing position in NVIDIA Corporation (NVDA), moving toward a target portfolio weighting of 3.0%. NVIDIA remains a core holding, supported by its leadership in accelerated computing and the long-term growth of artificial intelligence. Increasing our allocation helps reduce our Technology sector underweight while maintaining our geographic allocation.
