A comparison conducted by Sharq Bloomberg
between disclosures submitted by the bank to the U.S.
Systematic Buying and Broad Portfolio Expansion
The central bank increased its holdings across 474 out of 493 continuing investment positions without reducing share counts in any of those ongoing holdings, according to regulatory filings submitted to the U.S. Securities and Exchange Commission.
Pacing the expansion, the institution exited 21 companies during the quarter, including Snapchat. For a large part of the portfolio, the pace of increase was high, ranging between 85% and 90% across 349 positions, pointing to a systematic expansion of exposure to the U.S. stock market rather than concentrating purchases in a limited number of companies.
Tech Giants and Artificial Intelligence Infrastructure
Companies in the semiconductor sector emerged at the forefront of the bank’s largest positions by the end of the second quarter, coinciding with continued interest from global investors in companies benefiting from artificial intelligence-related spending and data center infrastructure.
Technology and semiconductor shares were among the largest positions in the portfolio. While memory chip demand fueled strong performance, the company announced record results for the second quarter of its fiscal year in March, and the actual share count rose by 8%—meaning stock price movement was the largest factor behind the increase in the market value of the position.
Other prominent technology holdings saw aggressive share accumulation. Major allocations were also directed toward Microsoft, Amazon, Alphabet, and Broadcom, where the number of owned shares rose by percentages ranging between 80% and 91%.
Diversification Across Financials, Energy, and Consumer Sectors
Purchases were not limited to the technology sector, as the bank also expanded its positions in companies across financial services, energy, retail, and healthcare sectors. Increased capital allocations touched major corporations such as JPMorgan Chase, ExxonMobil, Walmart, and Eli Lilly.
The portfolio adjustments also included notable boosts to other holdings, featuring a 114% increase in Coca-Cola, a 92% rise in Berkshire Hathaway holdings, and the largest increase going to the famous global booking platform, Booking, which surged by 4,507%.
