LOS ANGELES CAPITAL MANAGEMENT LLC

Key Holdings

The portfolio is dominated by the "Magnificent Seven" and related technology leaders, underscoring a strong conviction in the structural growth of the U.S. technology sector.

• Nvidia Corp (NVDA) is the dominant position, valued at $2.73 billion and representing 9.26% of the portfolio. LACM increased this stake by 10.9% (adding $645.48M), signaling continued confidence in the AI infrastructure build-out.
• Apple Inc (AAPL) and Microsoft Corp (MSFT) hold the second and third spots, accounting for 6.58% and 6.47% of the portfolio, respectively. Notably, the firm added to Apple (+10.8%) while slightly trimming Microsoft (-0.4%), perhaps reflecting a valuation rebalancing between the two giants.
• Meta Platforms (META) and Broadcom (AVGO) round out the top five, solidifying a portfolio top-heavy with communication services and semiconductor exposure.
• Outside of tech, AbbVie (ABBV) is the most significant healthcare holding (1.83%), while Newmont (NEM) enters the top 15 as a new position, highlighting a tactical shift toward basic materials.