Technology stocks have held relatively well, especially the blue chip companies. I think this sector's performance will be scattered all over the board, some companies will do well while others will suffer for a prolonged period of time. So, it's a good sector to sift through, but you have to carefully assess how the overall economic conditions may influence your picks' earnings power.

Orange line in the chart below shows how my Technology Fund has performed relative to the m100 (a collective Marketocracy fund that uses picks from the top 100 members), S&P 500, Dow Jones Index, and Nasdaq.




Below is this fund's ranking:


As you can see, this fund is currently stuck in the middle-of-the-pack performance group, which is not a terrible place to be, but not where I'd like to be either. I expect a stronger relative performance from this fund in the coming quarters as I will make an effort to manage it more actively.

Here is a list of all the stocks currently in the fund and how they've performed up to this point:


I have not changed the picks much - turnover is only 15% since the fund's inception. I plan to shuffle around a good number of these holdings in the upcoming two quarters though. Below are brief profiles of these stocks. I intend to post more details and expectations for this fund's holdings as well as for my other funds.

Accenture (ACN) - With 170,000 employees in 150 offices and 49 countries worldwide, Accenture is a leading provider of IT consulting and outsourcing services to Fortune 100 companies and governments around the globe. About 40% of revenues come from North America. Consulting contributes 60% of total revenue. The firm's business is broadly divided into five operating groups: communications and high-tech, financial services, products, resources, and government. (Source: Morningstar)

Applied Materials (AMAT) - World's largest supplier of semiconductor manufacturing equipment. The firm's systems are used in the chemical vapor deposition, physical vapor deposition, and electroplating steps of the chip-fabrication process. Applied also supplies etching, chemical mechanical polishing, and wafer- and reticle-inspection systems, as well as critical-dimension measurement and defect-inspection scanning electron microscopes.