After its share price fell following a recent results update, we took the opportunity to add to our holding in Atlanta headquartered lighting specialist Acuity Brands. This was funded by trims to US railroad operator Union Pacific where we hold the view that improvements in operational performance are increasingly factored into the share price at these valuation levels. Valuation concerns also prompted our decision to trim US speciality retailer Tractor Supply, where comparative same store sales have been very strong given internal initiatives to drive increased footfall, but again these operational strengths look factored into a more elevated valuation now. The proceeds from this trim were directed towards apparel and footwear company VF Corporation, who continues to execute its business strategy well, but valuations are more attractive in our view.
Broader positioning remains unchanged, with an ongoing bias towards higher quality, sustainable growth companies that can prosper in any near-term economic and policy-driven volatility. We continue to add to positions where we see strong underlying quality and where the market allows us to top up holdings at more attractive levels. And where appropriate, we have been building positions that offer more defensive revenue streams given the slowdown in economic growth expectations and trimming holdings that have performed strongly and offer reduced upside potential.
Sector-wise, Information Technology, Industrials and Healthcare are our main overweights, whilst Financials is a modest overweight. The portfolio is underweight Communication Services, Energy and Consumer Staples. At the regional level, Emerging Markets, Japan and the UK are our biggest overweights, with the U.S. our largest underweight.