According to @CNBC, Todd Gordon has outlined five major stock allocation changes to position his portfolio for 2026 in a report published on Dec 9, 2025, highlighting actionable shifts for equity exposure and risk management (source: CNBC, Dec 9, 2025). The specific tickers, sectors, and position sizes are not provided in the shared excerpt, so instrument-level takeaways cannot be verified from this snippet alone and require consulting the full CNBC report before trading (source: CNBC, Dec 9, 2025). For traders, the immediate step is to review the CNBC piece to identify the exact sector overweight and underweight calls, named equities, and any hedging vehicles Gordon is using, then align entries with liquidity and trend confirmation rather than pre-empting the details (source: CNBC, Dec 9, 2025).