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Image source: Getty Images<\/p>\n
Like many investors, I\u2019ve seen some huge gains in my ISA and SIPP recently. Thanks to the AI boom, several of my holdings have soared.<\/p>\n
While this is obviously great, I\u2019m a little bit concerned about the pace of the gains recently (and the potential for a sharp pullback). As a result, I\u2019ve been thinking about how I can de-risk my portfolio.<\/p>\n
Taking some profits<\/p>\n
I gave this issue a lot of thought last weekend. And I came up with a three-part strategy designed to lower my overall risk levels (and help me sleep better at night).<\/p>\n
The first part of this strategy involved trimming or completely selling a few of my holdings that have soared. I did this with a few different stocks and funds.<\/p>\n
For example, I sold an AI fund I owned. I figured that I already have exposure to a lot of the fund\u2019s holdings (eg Nvidia) in other funds or directly, so it was increasing my risk levels.<\/p>\n
This freed up some cash.<\/p>\n
Rebalancing my portfolio<\/p>\n
The next part of the strategy involved redeploying some of this cash into areas of the stock market that are relatively unrelated to tech and AI. Here, I put money into European stocks and the Healthcare<\/a> sector via ETFs.<\/p>\n The European ETF I went with was the iShares Core MSCI Europe UCITS ETF. It does have some technology in it but looks very different to a S&P 500 or global index fund.<\/p>\n The healthcare ETF I opted for was the Xtrackers MSCI World Health Care UCITS. This gives me access to a whole portfolio of world-class healthcare businesses.<\/p>\n I think both of these products are good hedges against an AI meltdown. If tech shares pull back, these areas of the market could offer some protection.<\/p>\n Looking at defensive dividend stocks<\/p>\n The final part of my strategy, and one that is still a \u2018work in progress\u2019, is allocating some capital to more defensive individual stocks. Here, I\u2019m looking to increase my exposure to rock-solid stocks that are unlikely to blow up in the event of an AI-related pullback.<\/p>\n Now, I\u2019m still doing my research here, but one stock that looks very interesting to me is Coca-Cola HBC (LSE: CCH<\/a>). Listed on the London Stock Exchange, it\u2019s a major bottling partner of US-listed Coca-Cola.<\/p>\n This stock caught my eye for two reasons. First, it\u2019s had a big pullback in recent months and now looks attractively valued again.<\/p>\n