™Holding three tickers from one industry creates multiple positions but may still leave one dominant economic risk.
Risk & Portfolio
Portfolio
A collection of investments and cash positions held by a person or institution.
Plain-English context
Put the definition to work.
Different tickers can share the same underlying exposures, and cash needs can dominate the usefulness of an allocation.
Further reading and verification. Examples are hypothetical, not current quotes or recommendations. Product terms, tax treatment and market rules can change. Investor.gov — asset allocation and diversification