We are trimming our weighting in UBS into current strength. Given the appreciation in the position, the prevailing weight is ~8% of the portfolio. We are pulling this back to a 5% target weight as we look to broaden exposure. The position is up ~90%.
MM is trimming UBS US in the International Equities Portfolio ~$US52, now targeting a 5% portfolio weight
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We are trimming our position in YETI as the stock trades at the top of its range and shows signs of weakness. We’re moving to a 4% target weight. The position is up ~25%.
MM is trimming YETI US in the International Equities Portfolio ~$US48, now targeting a 4% portfolio weight
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