The semiconductor bellwether basket.
We resolve 94% of SMH’s reported NAV to covered tickers; the remaining ~6% is cash, non-equity, foreign lines and names we don’t cover — the honest tail of a CUSIP-based resolution, not a data gap you should read as holdings we hid.
Covered positions by weight, as of 2026-03-31. Each links to its stock page and our full verdict.
| # | Holding | Our call | % of NAV | Value |
|---|---|---|---|---|
| 1 | NVDA | Hold | 19.64% | $8.05B |
| 2 | TSM | — | 11.84% | $4.85B |
| 3 | AVGO | Hold | 7.79% | $3.19B |
| 4 | KLAC | Buy | 4.74% | $1.94B |
| 5 | ADI | Hold | 4.70% | $1.93B |
| 6 | AMD | Sell | 4.68% | $1.92B |
| 7 | TXN | Hold | 4.61% | $1.89B |
| 8 | LRCX | Sell | 4.60% | $1.89B |
| 9 | AMAT | Sell | 4.59% | $1.88B |
| 10 | INTC | Sell | 4.34% | $1.78B |
| 11 | MU | Sell | 4.23% | $1.73B |
| 12 | QCOM | Hold | 4.09% | $1.68B |
| 13 | SNPS | Hold | 2.50% | $1.03B |
| 14 | CDNS | Hold | 2.43% | $997M |
| 15 | MRVL | Hold | 2.35% | $965M |
| 16 | TER | Sell | 1.41% | $579M |
| 17 | MPWR | Hold | 1.23% | $505M |
| 18 | MCHP | Hold | 1.00% | $409M |
| 19 | STM | — | 0.90% | $367M |
| 20 | ARM | — | 0.76% | $313M |
| 21 | ON | Hold | 0.60% | $245M |
| 22 | ALAB | Hold | 0.44% | $182M |
| 23 | SWKS | Hold | 0.21% | $86.1M |
Source: SEC Form N-PORT-P (the fund’s latest public fiscal-quarter-end report, filed ~2 months after the period). Weights and values are as reported in the filing — a delayed snapshot, not a live book. Positions are resolved to tickers via the filing’s identifiers and CUSIP mapping; unresolved lines are excluded. “Our call” is TENK/calls’s independent SEC-grounded verdict, not the fund’s view. No market-price data is used on this page.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.