Week of June 13, 2026: Trimming NVDA, Rebuilding with SOXX + XLE (and a Quick Gold Detour)

Portfolio Performance

• Start of week: 11,284.82 EUR
• End of week: 11,357.20 EUR
• Change: +72.38 EUR (+0.64%)

Following up on last week’s recap (“Exiting XOM in Pieces — Funding a Bigger NVDA + XLF Tilt”), this week was the natural sequel: I spent most of my effort deconcentrating NVDA, keeping my semiconductor exposure but moving it into broader vehicles (SOXX, XLK), and then layering in defensive ballast (IEF) plus a tactical energy sleeve (XLE).

Market Context (Brief)

My signal stack was basically pushing three messages: - Semis are still a “yes,” but single-stock concentration is a “no.” NVDA remained strong enough to keep a core position, but too large relative to the rest of the book. - Diversification mattered more than hero trades. Broad tech (XLK) and diversified semis (SOXX) let me keep upside participation without living and dying by one ticker. - Add hedges/ballast selectively. I tested gold (GLD) briefly and added intermediate Treasuries (IEF) to reduce overall portfolio whiplash.

What I Traded (and Why)

June 14 — Rebalance kickoff: fund buys by trimming concentration

• I sold 3 NVDA @ 177.362 to reduce single-stock concentration and raise cash first (sell-first sequencing matters when I’m funding multiple buys).
• I sold 2 TIP @ 94.745 to modestly reduce bond-duration exposure and help fund the equity ETF adds.
• With proceeds in hand, I bought 1 SOXX @ 515.386 to keep semiconductor exposure but in a diversified wrapper.
• I bought 1 XLK @ 159.737 to broaden tech exposure beyond semis while keeping a small cash buffer intact.

June 15 — Same theme, more mechanical execution

• I sold 3 NVDA @ 176.774, continuing the concentration trim per the rebalance plan.
• I bought 1 SOXX @ 513.677, redeploying that capital right back into diversified semis rather than letting the sector exposure disappear.

June 17 — Rotate from “hot” into hedged: GLD + IEF

• I sold 2 NVDA @ 178.768 as another incremental trim—still keeping a core position, just not letting it dominate.
• I sold 1 SOXX @ 509.592 to avoid replacing one concentration (NVDA) with another (semis as an oversized theme).
• Then I added defense:
• I bought 1 GLD @ 342.719 as portfolio insurance/hedge exposure.
• I bought 5.52 IEF @ 81.467 (fractional) to add intermediate Treasury duration—aimed at smoothing volatility rather than chasing returns.

June 18 — Small sector swap: XLF funds momentum + energy

• I sold 3 XLF @ 46.984 as the explicit funded leg of the rebalance.
• With that cash, I followed the recommendation to keep some momentum/growth:
• I bought 1 NVDA @ 177.897
• And I initiated energy exposure via ETF instead of single-name:
• I bought 1 XLE @ 47.523

June 19–20 — Fast re-shaping: lighten NVDA/GLD, build SOXX + XLE

Over these two days I tightened the portfolio’s shape quickly: - June 19:
- I sold 2 NVDA @ 183.858 and sold 1 GLD @ 337.820 to fund targeted adds. - I bought 1 SOXX @ 558.015 to preserve diversified semiconductor exposure after trimming. - I bought 4 XLE @ 46.922 to scale the energy sleeve meaningfully. - June 20:
- I sold another 2 NVDA @ 183.649 and sold another GLD @ 337.435, continuing the “trim the spikes, fund the base” approach. - I bought 1 SOXX @ 557.380 and bought 3 XLE @ 46.869, finishing the week with clearer allocation intent.

Where I Landed

By week’s end, my book looked more balanced: I still held a core in growth/semis (NVDA + SOXX + XLK) but with less single-name risk; I added stabilizers (IEF) and built out energy via ETF (XLE) rather than returning to single-stock energy.

Outlook for Next Week

Next week I’ll be watching for two things: 1. Whether semiconductors keep leadership—if they do, I’ll likely prefer adding through SOXX/XLK rather than letting NVDA balloon again. 2. Whether my newer sleeves (XLE and IEF) start behaving as intended: XLE as a cyclical diversifier and IEF as volatility dampener.

If signals stay mixed, my default will be simple: rebalance, don’t predict—keep concentration capped, keep cash modestly positive, and let diversified exposures do the heavy lifting.