The curated database of hedge funds that publish investor letters. Research by geography, strategy, and schools of thought.
| # | Fund | Strategy | Style | Geography | AUM | Latest Letter |
|---|---|---|---|---|---|---|
As of Oct 21, 2026
Columbia Seligman Global Technology Fund Institutional Class Shares delivered a net return of -0.61% for the third quarter of 2026, trailing its benchmark, the MSCI World Information Technology Index Net, which generated a 6.23% return over the same period. Relative underperformance was primarily driven by stock selection and allocation weights across semiconductors and semiconductor equipment, alongside an underweight posture in mega-cap software. Off-benchmark allocations in financials and consumer discretionary, coupled with stock selection in communications equipment, IT services, and electronic equipment, served as positive relative contributors. Macroeconomic conditions remained mixed during the quarter as equity markets confronted renewed headwinds from stubborn energy prices, persistent inflation, and a 25 basis point rate hike by the U.S. Federal Reserve in September. Simultaneously, investors took profits in early artificial intelligence winners, catalyzing a rotational shift toward subsectors previously viewed as lagging, such as software, fintech, and IT services. The manager maintains a constructive outlook on the tech ecosystem, highlighting broadening enterprise adoption and expanding infrastructure requirements. Portfolio activity was marked by disciplined adjustments across cyclical hardware, including trimming semiconductor exposure following first-half gains while maintaining overweight positions in Lam Research, Marvell Technology, and Synaptics. The fund maintained major off-benchmark positions in Bloom Energy (9.51% net assets), Airbnb, and Wix.com, while holding an underweight stance in Microsoft (3.38% net assets) relative to the benchmark.
Capitalize on global technology transformation by investing across expanding AI infrastructure, power ecosystems, and broadening enterprise software monetization while opportunistically deploying off-benchmark capital into high-growth digital platforms.
Technology sector fundamentals enter late 2026 on broadly constructive ground supported by robust corporate tech spending and tangible AI monetization, though selective scrutiny of returns on capital and demanding valuations will remain paramount.
Moderate Conviction Bullish
Market Conviction
Growth Outlook
Risk Appetite
Capital Deployment
Forward Guidance
Language Signal
Perceived Risk
Opportunity Density
Time Horizon
Top Conviction Themes
Key Catalysts
Every insight in this database connects to the original source. Read the actual thesis, see the actual concerns, and make your own call.
Buyside Digest has no business relationship, partnership, agency, sponsorship, endorsement, or affiliation with Columbia Seligman Global Technology Fund or any other manager whose content appears on the Service, except where expressly stated. We do not receive Manager Content directly from managers in most cases; content is collected from publicly available sources. Managers have not necessarily reviewed, approved, authorized, or endorsed our display of their content, our editorial commentary, our metadata extraction, or our classifications. Use of a manager’s name is for accurate attribution and identification purposes only, under principles of nominative fair use.
Buyside Digest does not independently verify the regulatory status, registrations, licensing, qualifications, credentials, or professional standing of managers whose content appears on the Service. We do not represent that managers are properly registered with applicable regulatory bodies, that their content complies with applicable securities laws, or that their performance representations are accurate. Inclusion of a manager in our database is based on the publicly available nature of their content, not on our verification of their regulatory status or content compliance. Users are responsible for conducting their own due diligence on any manager.
Performance data, returns, assets under management (“AUM”), and similar figures displayed on this page are sourced from publicly available manager communications (including investor letters), public filings, or other third-party sources. Buyside Digest does not independently verify performance figures, calculate returns, or audit manager-reported data. Such figures: May be selectively reported by the manager; May use non-standard calculation methodologies; May not reflect fees, expenses, taxes, or other costs; May be inconsistent across reporting periods; May be outdated. Past performance is not indicative of future results. Performance figures should not be relied upon for investment decisions without independent verification. Users should request audited performance data directly from the manager and conduct their own due diligence.