Twin Capital Portfolio Rebalancing
Twin Capital Rebalances Portfolio, Boosting FedEx and Equinix While Cutting Qualcomm Stake
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Key Points
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VP Mark D. Maddox sold 9,800 shares of APA Corporation on May 20 at an average price of $40.04 per share, a notable insider transaction alongside Twin Capital's new APA stake.
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Robinson Value Management Ltd. increased its Qualcomm stake by 18,054 shares in QCOM during the first quarter, bringing its total to 44,445 shares valued at about $5.72 million.
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Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Equinix by 434.8% in Q1, now owning 123 shares valued at roughly $121,000.
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Applied Materials director Thomas J. Iannotti sold 9,250 AMAT shares on June 16 at an average price of $599.77, reducing his stake to 40,559 shares worth about $24.33 million.
Twin Capital Management Inc. made a series of bold portfolio moves in the first quarter, buying into APA Corporation for the first time and nearly tripling its FedEx stake, according to Watchlist News and Ticker Report. The firm's trades signal a clear shift toward energy, logistics, and semiconductor equipment stocks.
At the same time, Twin Capital cut its Qualcomm position by more than half, shedding roughly 12,700 shares. The moves paint a picture of a firm rebalancing away from one major chipmaker while doubling down on infrastructure and materials plays.
Twin Capital Bets Big on FedEx and APA Corporation
Twin Capital's most aggressive move was in FedEx. The firm grew its FDX position by 205.6%, ending Q1 with 5,879 shares worth about $2.09 million, according to Watchlist News. That means it added roughly 3,960 shares in a single quarter — a strong vote of confidence in the shipping giant.
The firm also built a brand-new stake in APA Corporation, buying 33,187 shares valued at roughly $1.41 million, per Ticker Report. APA is an oil and gas exploration company. The new position stands out as the largest single new bet Twin Capital made this quarter.
Qualcomm Stake Slashed as Semiconductor Bets Split
Twin Capital cut its Qualcomm holdings by 52.9% in Q1, leaving it with just 11,354 shares worth about $1.46 million, according to Watchlist News. That is a sharp pullback from a stock that has faced headwinds from slowing smartphone demand and chip market uncertainty.
Not every chip-related bet was cut, though. Twin Capital raised its Applied Materials stake by 10.6%, reaching 9,224 shares worth around $3.15 million. Applied Materials makes equipment used to build semiconductors — a different part of the chip supply chain than Qualcomm.
Equinix Stake Grows as Data Center Demand Stays Hot
Twin Capital also boosted its Equinix position by 37.7%, bringing its total to 2,101 shares valued at about $2.06 million, per Watchlist News. Equinix runs data centers around the world. It is a popular bet among investors who believe demand for cloud computing and AI infrastructure will keep rising.
Twin Capital was not alone in adding Equinix exposure. Harel Insurance Investments & Financial Services Ltd. surged its Equinix holdings by 434.8% in Q1, though its position remains small at just 123 shares worth about $121,000, according to Watchlist News.
Insider Sells Add a Note of Caution to APA and AMAT
While Twin Capital was buying APA, an insider was selling. VP Mark D. Maddox sold 9,800 APA shares on May 20 at an average price of $40.04 per share, according to Watchlist News. Insider sales do not always signal trouble, but they are worth watching alongside new institutional positions.
Applied Materials also saw insider selling. Director Thomas J. Iannotti sold 9,250 AMAT shares on June 16 at an average price of $599.77, cutting his stake to 40,559 shares worth about $24.33 million. Despite that, Twin Capital still added to its Applied Materials position in Q1, showing confidence in the stock's direction.
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