DARA CAPITAL US, INC.

2. Key Holdings

The portfolio is dominated by the "Magnificent Seven" and their key ecosystem partners, representing a clear bet on the US technology dominance.

• Top Tier (The "Mag 7" Peers): The largest positions are Microsoft (MSFT, 6.43%), Meta Platforms (META, 6.15%), NVIDIA (NVDA, 5.98%), Amazon (AMZN, 5.71%), and Alphabet (GOOGL, 5.54%). These five positions alone constitute nearly 30% of the entire portfolio. This heavy weighting suggests the manager views these companies not just as stocks, but as essential infrastructure plays in the modern economy.
• Semiconductives & AI Infrastructure: Following the mega-caps, there is strong exposure to the semiconductor value chain. Broadcom (AVGO, 5.66%) is a top-tier holding, followed by Oracle (ORCL, 3.59%), Micron (MU, 2.59%), and equipment makers like Lam Research and Applied Materials (AMAT). This allocation underscores a deep conviction on the hardware side of the AI boom.
• Notable Omissions & Underweights: Interestingly, Apple (AAPL) is a very small position (0.58%), ranking 46th. This is a significant deviation from standard market-cap-weighted indices, where Apple is typically the largest holding. This suggests DARA Capital favors companies with higher near-term growth visibility (cloud/infrastructure) over the consumer hardware maturity of Apple.