Browse the world's most comprehensive database of hedge fund investor letters, sorted by recent quarter. Access primary source research from leading institutional managers.
| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Themes | Quick Take |
|---|---|---|---|---|---|---|---|
Buyside Digest is not affiliated with, and does not endorse, BlackRock Science And Technology Term Trust. This analysis is provided for institutional research purposes only and is not investment advice.
"BlackRock Science and Technology Term Trust posted 44.2% in Q2 2026, driven by core AI Infrastructure and model company holdings. The portfolio maintains concentrated exposure to the AI buildout through both public semiconductor leaders and substantial private investments totaling 33.7% of assets."
BlackRock Science and Technology Term Trust delivered a strong 44.2% NAV return in Q2 2026, bringing the one-year return to 72.2%. The portfolio maintains AI Infrastructure and AI model companies as core pillars, supported by improving earnings visibility and periodic volatility favoring active stock selection. As the AI buildout scales and competitive moats widen, the managers see structural tailwinds for well-positioned technology leaders. The portfolio is shifting focus as AI markets move beyond initial infrastructure deployment toward the application layer, with differentiation now acutely focused on monetization and competitive advantages. Top holdings include Databricks at 13.5%, followed by private companies PsiQuantum and Anthropic, alongside public semiconductor leaders Micron Technology, Nvidia, and Tower Semiconductors. The Trust maintains substantial private investment exposure at 33.7% of net assets across 21 companies, with no new private activity during the quarter. The managers are selectively increasing exposure to companies with AI monetization potential across hardware, infrastructure, and enabling technologies directly benefiting from expanding AI workloads.
Sign in or create a free account to unlock full commentary, extracted equity pitches, and direct outbound manager source links with your 3 quarterly credits.
