Watch Harbor Capital Appreciation Fund’s Strategic Moves in Q3 2024: A Closer Look at NVIDIA Corp NVIDIA Stock News

Insights into the Fund’s Latest Portfolio Adjustments and Stock Performances

Harbor Capital Appreciation Fund (Trades, Portfolio), controlled by way of Jennison Associates LLC, continues to enforce its funding philosophy specializing in long-term enlargement alternatives. The fund goals corporations with disruptive applied sciences, sturdy manufacturers, and demanding marketplace possible. Following the management of Spiros Segalas till January 2023, the group stays dedicated to making an investment in companies that provide sustainable aggressive benefits and powerful monetary well being. This means is clear in their fresh portfolio changes throughout the 3rd quarter of 2024.

New Additions to the Portfolio

Harbor Capital Appreciation Fund (Trades, Portfolio) expanded its portfolio by way of including 5 new shares. Noteworthy new positions come with:

• GE Aerospace (NYSE:GE) with 1,979,501 stocks, making up 1.19% of the portfolio and valued at $336.91 million.

• Analog Devices Inc (NASDAQ:ADI), keeping 1,017,032 stocks, which constitute 0.83% of the portfolio, totaling $235.32 million.

• Hilton Worldwide Holdings Inc (NYSE:HLT) with 696,873 stocks, accounting for 0.53% of the portfolio, valued at $149.60 million.

Significant Increases in Existing Positions

The fund additionally higher its stakes in 14 shares, with vital boosts in:

• Apple Inc (NASDAQ:AAPL), including 1,356,643 stocks, bringing the full to 7,426,774 stocks. This building up represents a 22.35% upward thrust in percentage rely and a 1.06% affect at the present portfolio, valued at $1.65 billion.

• Boeing Co (NYSE:BA), with an extra 827,227 stocks, expanding the full to one,959,222 stocks, marking a 73.08% upward thrust in percentage rely, valued at $373.43 million.

Complete Exits from Certain Holdings

The fund made up our minds to go out totally from 5 holdings in this quarter, together with:

• Lululemon Athletica Inc (NASDAQ:LULU), promoting all 712,806 stocks, impacting the portfolio by way of -0.95%.

• HubSpot Inc (NYSE:HUBS), liquidating all 365,159 stocks, ensuing in a -0.82% portfolio affect.

Reductions in Key Positions

Significant discounts had been made in 33 shares, significantly:

• NVIDIA Corp (NASDAQ:NVDA), decreasing holdings by way of 6,540,772 stocks, a -23.26% lower, impacting the portfolio by way of -2.09%. The inventory traded at a median charge of $114.24 throughout the quarter, with a -2.12% go back during the last 3 months and a 145.10% year-to-date go back.

• Advanced Micro Devices Inc (NASDAQ:AMD), slicing again by way of 2,538,796 stocks, a -42.87% relief, impacting the portfolio by way of -1.49%. The inventory’s reasonable buying and selling charge was once $160.47 this quarter, with a three.02% go back during the last 3 months and an 11.45% year-to-date go back.

Story continues

Portfolio Overview

As of the 3rd quarter of 2024, Harbor Capital Appreciation Fund (Trades, Portfolio)’s portfolio contains 52 shares. The best holdings come with 8.9% in NVIDIA Corp (NASDAQ:NVDA), 8.65% in Amazon.com Inc (NASDAQ:AMZN), 8.27% in Microsoft Corp (NASDAQ:MSFT), 5.81% in Apple Inc (NASDAQ:AAPL), and four.96% in Meta Platforms Inc (NASDAQ:META). The fund’s investments are basically concentrated throughout seven industries: Technology, Consumer Cyclical, Communication Services, Healthcare, Financial Services, Industrials, and Consumer Defensive.

This article, generated by way of GuruFocus, is designed to supply normal insights and isn’t adapted monetary recommendation. Our remark is rooted in ancient records and analyst projections, using an unbiased method, and isn’t meant to function explicit funding steerage. It does now not formulate a advice to buy or divest any inventory and does now not believe particular person funding targets or monetary instances. Our goal is to ship long-term, elementary data-driven research. Be conscious that our research would possibly now not incorporate the latest, price-sensitive corporate bulletins or qualitative data. GuruFocus holds no place in the shares discussed herein.

This article first gave the impression on GuruFocus.