AVGO Archives

AVGO

Letters With This Ticker

Quarter	Letter Date	Fund Name	QTD	YTD	Tickers	Keywords/Themes	Theme Commentary	Pitches	Letter
2025 Q3	Sep 30, 2025	Impax US Sustainable Economy Fund	7.3%	11.1%	AVGO, ELV, GOOG, INTC, ORCL, PGR	efficiency, Esg, innovation, Resilience, sustainability	Impax focuses on companies positioned to benefit from the transition to a more sustainable economy, emphasizing corporate resilience, resource efficiency, and long-term structural tailwinds. The fund highlights that sustainability-aligned businesses can deliver competitive returns while managing environmental and social risks. Sustainability remains investable as regulation, capital flows, and innovation reinforce these themes.		View
2025 Q3	Sep 30, 2025	Barometer Capital Management Inc.	-	-	AEM, AGI, AVGO, BMO CN, CLS, GOOG, HBM, LRCX, META, MS, NVDA, SAN	Copper, Energy Transition, gold, Precious Metals, uranium	The report highlights a synchronized rally in precious and industrial metals as persistent inflation, early Fed rate cuts, and geopolitical uncertainty drove renewed demand for hard assets. Gold and silver benefitted from central bank purchases and safe-haven flows, while copper, uranium, and lithium advanced on electrification, infrastructure build-out, and global energy transition policies. Barometer's positioning across bullion, miners, and commodity-linked equities is framed as both a diversification tool and a structural growth allocation tied to power demand and resource scarcity.	BMO CN	View
2024 Q3	Sep 30, 2024	ClearBridge Investments Large Cap Value	-	-	APD, AVGO, EIX, INTC, MCK, ORLY, PH, SBUX, SHW, UPS	-			View
2025 Q2	Aug 27, 2025	Antero Peak Group	20.0%	17.7%	AAPL, AMZN, AVGO, CRM, META, NVDA	Compounding, Discipline, durability, Intrinsic Value, Quality	The letter stresses disciplined ownership of high-quality, durable businesses amid volatile sentiment and shifting trade policy. Management highlights patience, selectivity, and focusing on intrinsic value rather than reacting to short-term macro noise. Quality businesses are positioned as the most reliable way to compound capital over time.		View
2025 Q2	Aug 18, 2025	Baron Durable Advantage Fund	15.6%	7.4%	APH, AVGO, GOOG, META, NVDA, TMO, TXRH, UNH	Competitive Advantage, Intrinsic Value, long-term, Pricing Power, Quality	The letter centers on owning high-quality, competitively advantaged businesses with durable growth characteristics. Management stresses focusing on what will not change over time, such as customer demand and pricing power, while ignoring short-term market noise. Volatility is viewed as a temporary disconnect between price and intrinsic value.		View
2025 Q2	Aug 11, 2025	BlackRock Global Dividend Fund	8.4%	9.1%	AVGO, NVDA	cash flows, dividends, global, low volatility, quality equities	The commentary focuses on global dividend growth as a defensive equity strategy offering lower volatility and consistent returns. Management emphasizes high-quality companies with durable cash flows, strong balance sheets, and the ability to grow dividends through cycles. Dividend-paying equities are positioned as resilient amid policy uncertainty and elevated valuations.		View
2025 Q2	Jul 9, 2025	ClearBridge Investments Dividend Strategy	-	-	AVGO, LHX, XOM	diversification, dividends, income, inflation, valuation	The letter stresses dividend growth and valuation discipline in an environment of high market concentration and elevated multiples. ClearBridge favors high-quality companies capable of compounding dividends above inflation while managing downside risk. Diversification and income resilience are positioned as defensive advantages.	AVGO XOM LHX	View
2025 Q2	Jul 4, 2025	ClearBridge Investments Large Cap Value	-	-	ADBE, AIR FP, AVGO, ICLR, LIN, MRVL, NOW, TGT, TSM	downside, free cash flow, fundamentals, Mean reversion, Valuation gap	The commentary focuses on valuation dispersion within large-cap equities, with many high-quality franchises trading at discounts due to short-term macro concerns. Management stresses fundamentals, free cash flow generation and capital discipline. Value is positioned as attractive as expectations normalize and multiples mean-revert.	ADBE ICLR TGT LIN AIR FP NOW MRVL AVGO TSM	View
2025 Q2	Jul 31, 2025	Impax US Sustainable Economy Fund	9.9%	3.6%	AVGO, LLY, MRK, NVDA, ORCL, PGR	Esg, productivity, Resilience, resource efficiency, sustainable economy	The letter focuses on positioning portfolios to benefit from the transition toward a more sustainable US economy. Management highlights companies aligned with productivity enhancement, resource efficiency, and resilient business models while avoiding carbon-intensive sectors. Sustainability is framed as both a risk-management and alpha-generating lens.	MRK NVDA AVGO ORCL	View
2025 Q2	Jul 31, 2025	PGIM Jennison Global Opportunities Fund	-	-	AVGO, BYD, CRWD, MELI, MSFT, NFLX, NVDA, NVO, ORLY, SPOT	Artificial Intelligence, Digital Platforms, innovation, productivity, secular growth	The letter emphasizes global innovation as the primary driver of long-term equity returns, with a focus on companies benefiting from technological change and expanding end markets. Management highlights artificial intelligence, digital platforms, and productivity-enhancing software as structural growth forces. Volatility is viewed as an opportunity to add to high-conviction innovators with durable competitive advantages.		View
2025 Q2	Jul 27, 2025	Carillon Eagle Growth & Income Fund	-	-	ABLV, AVGO, BBY, CV, ETN, JPM, ORCL, TMUS, UNH	Balance Sheets, earnings growth, inflation, selectivity, valuation	The fund commentary focuses on earnings growth and quality balance sheets amid narrow market leadership. Management remains constructive but cautious given valuation and inflation risks. Stock selection is emphasized over macro calls.	ETN	View
2025 Q2	Jul 24, 2025	Janus Henderson Forty Fund	19.3%	8.9%	AVGO, HWM, MA, ORCL, UNH	Artificial Intelligence, capital spending, Cloud, Digitization, semiconductors	The letter focuses on durable secular growth themes led by AI infrastructure, cloud computing, and digitization. Management highlights capital spending by hyperscalers and productivity gains across the AI value chain. Stock selection in technology and industrials is positioned to drive long-term compounding.	HWM AVGO ORCL	View
2025 Q2	Jul 23, 2025	Aristotle Atlantic Core Equity Strategy	14.3%	7.5%	AVGO, BDX, CB, EXPE, ORCL, ZTS	Discipline, earnings growth, fundamentals, Pricing Power, Quality	The letter emphasizes strong corporate fundamentals despite macro uncertainty. Management focuses on high-quality businesses with pricing power, earnings durability, and secular tailwinds. The outlook remains constructive but valuation-aware following the market rebound.	ZTS EXPE CB BDX AVGO ORCL	View
2025 Q2	Jul 22, 2025	Columbia Global Technology Growth Fund	24.8%	-	AAPL, AVGO, FI, GPN, HOOD, MSFT, NVDA, ORCL, TMUS	AI, Cloud Computing, innovation, secular growth, semiconductors	The letter emphasizes powerful secular growth driven by artificial intelligence, cloud computing and digital infrastructure. Management highlights strong demand for semiconductors and software platforms with durable competitive advantages. Technology is viewed as a long-duration growth opportunity despite geopolitical and regulatory risks.	AAPL TMUS GPN FI HOOD ORCL MSFT AVGO NVDA	View
2025 Q2	Jul 22, 2025	Columbia Seligman Global Technology Fund	19.5%	-	AAPL, ADBE, AVGO, BE, LRCX, MRVL, MSFT, NVDA	AI Infrastructure, cybersecurity, global tech, semiconductors, valuation	The commentary focuses on global technology opportunities driven by AI infrastructure buildouts, semiconductor demand and cybersecurity needs. Management stresses bottom-up stock selection and valuation awareness within high-growth industries. Technology remains attractive despite volatility and tariff-related risks.	SYNA 6723 JP BE AAPL LRCX	View
2025 Q2	Jul 22, 2025	Harbor Capital Appreciation Fund	19.5%	7.4%	AAPL, AVGO, BSX, CEG, HUBS, MA, NFLX, NVDA, SHOP	AI Adoption, Balance Sheets, earnings momentum, innovation, Large Cap Growth	The commentary highlights resilient U.S. large-cap growth driven by AI adoption, strong earnings momentum, and corporate innovation despite tariff-related volatility. Management stresses bottom-up stock selection in companies with durable growth, pricing power, and strong balance sheets. Growth leadership is expected to broaden beyond a narrow group of mega-cap winners.	BSX SHOP HUBS	View
2025 Q2	Jul 22, 2025	Janes Henderson Strategic Bond Fund	19.3%	8.9%	AVGO, HWM, MA, ORCL, UNH	Bonds, flexibility, high yield, monetary policy, Yield			View
2025 Q2	Jul 22, 2025	Macquarie Large Cap Growth Fund	11.2%	3.6%	AVGO, LLY, MC FP, UNH, WCN	earnings durability, growth, innovation, Pricing Power, scalability	The letter centers on large-cap growth driven by structural earnings expansion and innovation. Management argues that temporary macro headwinds have not impaired long-term growth trajectories of dominant franchises. The strategy emphasizes companies with strong reinvestment opportunities and pricing power.		View
2025 Q2	Jul 21, 2025	Renaissance Investment Management – Large Cap Growth	-	-	AAPL, APH, AVGO, DT, FI, FIX, JBL, TMO	CashFlow, growth, innovation, largecap, moat	Large-cap growth remains attractive through companies with durable competitive advantages and visible cash-flow growth. Market volatility has created entry points in high-quality franchises with long runways. The strategy prioritizes sustainable growth over short-term macro forecasting.	DT TMO FI AAPL FIX AVGO	View
2025 Q2	Jul 21, 2025	Sands Capital Select Growth Fund	27.7%	14.8%	AJG, AVGO, CVNA, NFLX, NVDA, RARE, RBLX, SHOP, TEAM, UBER, V	AI, growth, innovation, Platforms			View
2025 Q2	Jul 21, 2025	The Bristol Gate U.S. Equity Strategy	-	-	ACN, ATD CN, AVGO, CIGI, EFN CN, ENGH CN, GE, JWEL CN, MCHP, MCK, MMC, TMO, TVK CN, UNH, WCN CN, ZTS	dividends, free cash flow, income growth, Quality, Resilience	The letter focuses on quality U.S. equities with rising dividends and strong free cash flow generation. Management positions dividend growth as a stabilizing factor amid policy uncertainty and market concentration. AI-led growth is acknowledged but balanced with income discipline.	ACN MCK AVGO	View
2025 Q2	Jul 19, 2025	Aristotle Core Equity Fund	14.3%	7.5%	AVGO, BDX, CB, EXPE, ORCL, ZTS	AI, earnings, fundamentals, growth, security selection	The letter highlights security selection as the primary driver of outperformance in a growth-led market. Management favors companies benefiting from AI, cloud infrastructure, and product cycles while managing valuation risk. The outlook supports selective growth exposure with fundamental backing.	ZTS EXPE CB BDX AVGO ORCL	View
2025 Q2	Jul 18, 2025	Bailard Technology Strategy	23.0%	11.5%	ANET, AVGO, GOOG, NVDA	innovation, productivity, semiconductors, software, technology	The commentary centers on long-term technology adoption despite short-term volatility driven by rates and macro uncertainty. The strategy focuses on software, semiconductors, and digital infrastructure benefiting from productivity gains and secular demand. Innovation cycles are viewed as durable drivers of earnings growth.		View
2024 Q2	Jul 17, 2024	WestEnd Capital	10.7%	30.8%	AMZN, ARM, AVGO, FCX, HUT CN, META, MSFT, MU, NVDA, PWR, SMCI, TSM	AI Infrastructure, Data Center Expansion, Hyperscaler Capex, power demand, Semiconductor Supply Chain	The letter details a structural investment boom in AI-driven data center infrastructure, emphasizing GPU demand, hyperscaler capex growth, and semiconductor supply chain dominance. WestEnd positions the portfolio across the AI ecosystem, including Nvidia, TSMC, Broadcom, and power infrastructure beneficiaries, arguing that earnings growth justifies elevated valuations. The strategy remains focused on infrastructure builders rather than speculative AI applications, prioritizing durable cash flow generation and competitive advantages.	PWR HUT CN	View
2024 Q2	Jul 16, 2024	The Bristol Gate U.S. Equity Strategy	-0.4%	6.1%	AMAT, AVGO, CNR, DOL CN, IIP-U CN, ODFL, OTEX, SHW	-			View
2024 Q2	Jul 12, 2024	Parnassus Value Equity Fund	7.3%	13.7%	ALGN, AVGO, BAX, BEPC, CSCO, GOOG, GPN, INTC, MU, NICE IT, ORCL, TSM	-			View
2024 Q2	Jun 30, 2025	Barometer Capital Management Inc.	-	-	AVGO, COST, DIS, DOL, ETN, LLY, MSFT, MSI, NVDA, TRI CN, VLO	-			View
2025 Q2	Jun 30, 2025	Mar Vista US Quality Select	-	12.4%	AAPL, AVGO, JNJ, MSFT, ORCL	free cash flow, Governance, long-term, Quality, volatility	The commentary highlights quality as the dominant driver of long-term returns, particularly in an environment of elevated valuation dispersion. Management stresses consistent free cash flow generation, conservative capital allocation, and strong governance as key defenses against macro uncertainty. Volatility is framed as an opportunity to accumulate superior businesses rather than a signal to rotate styles.	AAPL ORCL AVGO MSFT	View
2025 Q2	Jun 30, 2025	Mar Vista US Quality Select	-	14.3%	AAPL, AVGO, JNJ, META, MSFT, MTD	Balance Sheets, Compounding, Discipline, moats, Quality	The letter emphasizes owning a concentrated portfolio of high-quality U.S. businesses with durable competitive advantages, strong balance sheets, and long reinvestment runways. Management argues that recent volatility has not impaired intrinsic value and instead offers opportunities to add to long-term compounders at more reasonable prices. The outlook remains focused on downside resilience and steady compounding rather than short-term macro forecasting.	GE JNJ MTD AAPL META MSFT AVGO	View
2025 Q2	Jun 30, 2025	Edgewood Management	15.9%	6.8%	AVGO, BSX, FICO	Artificial Intelligence, earnings growth, Large Cap Growth, Portfolio Concentration, Stored Alpha	The Q4 2025 update underscores a concentrated 22-stock large-cap growth portfolio with disciplined risk controls, including 28% position sizing and a 25% sector cap, designed to navigate elevated index concentration tied to AI infrastructure leaders. Portfolio earnings growth remained strong, with 1Q3Q 2025 YoY EPS growth ranging from 2529%, reinforcing management's view that "stored alpha" exists where fundamentals outpace stock performance. New additions such as Axon and Amphenol expand exposure to AI-enabled public safety software and interconnect infrastructure, positioning the portfolio for durable secular growth into 2026.	FICO AVGO	View
2024 Q2	Jun 30, 2024	Carillon Eagle Growth & Income Fund	-	-	ADI, AVGO, AZN, HD, MDT, ORCL, PLD, PPG, TGT, TXN	-			View
2023 Q2	Jun 30, 2023	Carillon Eagle Growth & Income Fund	-	-	ABBV, AVGO, CCI, CVX, ETN, JPM, MRK, MSFT, TGT, WEC	-			View
2025 Q1	May 30, 2025	Jackson Peak Capital	33.2%	33.2%	AVGO, COIN, META, PLTR, RHM GR, TSLA	-			View
2024 Q1	Apr 18, 2024	The Bristol Gate U.S. Equity Strategy	6.5%	6.5%	AMAT, AMT, AVGO, CTVA, MCK, MMC, UNH, ZTS	-			View
2025 Q1	Apr 16, 2025	The Bristol Gate U.S. Equity Strategy	-0.5%	-0.5%	AVGO, DPZ, JWEL, LLY, TFII CN, WAB	-			View
2024 Q1	Apr 15, 2024	Baron Opportunity Fund	4.0%	25.1%	AVGO, INDI, MSFT, NVDA, RIVN, TSLA, TSM, VKTX	-			View
2025 Q1	Mar 31, 2025	Mar Vistas U.S. Quality Select	-4.5%	-4.5%	AAPL, AVGO, GOOG, JNJ, NVDA, PEP, TDG, V	-			View
2025 Q1	Mar 31, 2025	Mar Vistas U.S. Quality	-3.1%	-3.1%	AVGO, BRK/A, CRM, JNJ, MSFT, NVDA, PEP, V	-			View
2025 Q1	Mar 31, 2025	Baron Opportunity Fund	-12.0%	-12.0%	AVGO, MPWR, NARI, NVDA, SNOW, SPOT, TSLA, TSM, TTD	-			View
2025 Q1	Mar 31, 2025	BlackRock Global Dividend Fund	0.7%	0.7%	AVGO, NVDA	-			View
2025 Q1	Mar 31, 2025	Columbia Seligman Global Technology Fund	-12.7%	-12.7%	AAPL, AVGO, BE, LRCX, MSFT, NVDA	-			View
2025 Q1	Mar 31, 2025	Aristotle Core Equity Fund	-6.1%	-6.1%	ADI, AVGO, GH, ICE, NOW	-			View
2025 Q1	Mar 31, 2025	Carillon Eagle Growth & Income Fund	-	-	ABBV, ABT, AVGO, CVX, ETN, HPE, IBM, MSFT, ORCL, TMUS	-			View
2025 Q1	Mar 31, 2025	ClearBridge Investments Large Cap Value	-	-	AVGO, CVS, EIX, GOOG, NVO, ORCL, ORLY, RTX, SRE	-			View
2025 Q1	Mar 31, 2025	Renaissance Investment Management – Large Cap Growth	-	-	ABBY, AVGO, BJ, CPRT, HON, MAR	-			View
2025 Q1	Mar 31, 2025	Sands Capital Select Growth Fund	-10.1%	-10.1%	AMZN, APP, APPL, ASML, AVGO, DDOG, ENTG, NET, NOW, NVDA, RBLX, SE, SNOW, SPOT, TSM, UBER	-			View
2025 Q1	Mar 31, 2025	Barometer Capital Management Inc.	-	-	AVGO, CRWD, ERJ, HWM, MDA, TMX	-			View
2024 Q1	Mar 31, 2024	Carillon Eagle Growth & Income Fund	-	-	AMGN, AMT, AVGO, ETN, JPM, MCD, MDLZ, MRK, MSFT, UNH	-			View
2024 Q1	Mar 31, 2024	Platinum International Fund	6.5%	6.5%	000660 KS, 7203 JP, AVGO, TSM, ZEAL DC	-			View
2024 Q1	Mar 31, 2024	Platinum Global Fund (Long Only)	5.7%	5.7%	000660 KS, AVGO, TSM	-			View
2024 Q4	Mar 1, 2025	Columbia Global Technology Growth Fund	6.1%	31.7%	AVGO, GOOG, NVDA, RDDT	-			View
2024 Q4	Mar 1, 2025	Columbia Seligman Global Technology Fund	7.5%	26.7%	APPL, AVGO, BE, LRCX, MRVL, MSFT, NVDA	-			View
2025 Q4	Feb 8, 2026	SGA – U.S. Large Cap Growth	0.2%	3.0%	ALC, ARM, AVGO, COO, CRM, GOOG, IT, META, MSFT, YUM	Artificial Intelligence, earnings visibility, stock selection, U.S. Large Cap Growth, Valuation Awareness	The letter reviews a solid quarter for U.S. large-cap growth equities supported by earnings resilience, Fed rate cuts, and sustained AI-related investment. Performance was driven by selective exposure to technology, communication services, and healthcare leaders with visible revenue growth and margin durability. Looking ahead, the managers stress selectivity as valuations remain elevated, favoring companies that can compound earnings through innovation rather than multiple expansion.	ALC YUM IT META MSFT ARM AVGO CRM COO GOOG	View
2025 Q4	Feb 8, 2026	SGA – Global Growth	-0.3%	3.1%	1299.HK, 9983.T, ADYEN.AS, ALC, AMZN, AON, ARM, AVGO, BABA, CMG, CP, CRM, DHR, EXPN.L, GOOGL, HDB, INFY, INTU, IT, MELI, META, MSFT, NFLX, NOW, NVDA, SAP, SE, SNPS, SPGI, STE, TSM, UMG.AS, UNH, V, WM	AI, cyclicals, global, growth, Quality, valuation	AI capital expenditure growth is expected to moderate due to structural constraints including power availability, skilled labor shortages, and capital availability limits. Hyperscalers are approaching 90% of operating cash flows for CapEx spending, creating natural constraints on future growth rates. Quality factors including sales stability and high gross margins continued to underperform in 2025 as markets favored cyclical and momentum-driven assets. The portfolio's quality growth companies are trading at historically attractive relative valuations. Market leadership was dominated by momentum and cyclical assets while quality growth strategies faced headwinds. Extreme concentration and momentum effects created significant winners and losers independent of company fundamentals.	INFY NOW ARM MELI MSFT SE NFLX AVGO 9983 JP TSM GOOG	View
2025 Q4	Feb 8, 2026	BlackRock Global Dividend Fund	2.2%	19.3%	000001.SZ, 000660.KS, AAPL, ALVY.DE, AVGO, AZN, BABA, CMS, GOOGL, KO, MSFT, REL.L, SONY, TSM	dividends, Europe, financials, global, healthcare, Quality, technology	AI infrastructure demand remains strong, supporting memory companies like SK Hynix. However, AI concerns are creating headwinds for some businesses like RELX, where sentiment remains cautious about AI's potential impact on parts of their operations. The fund focuses on carefully selected quality companies with strong dividend growth potential. The strategy aims to provide dividend growth and consistent returns with lower volatility over the long-term through high-quality, dividend-paying companies.	FBK IM	View
2025 Q4	Feb 3, 2026	John Hancock Balanced Fund Class I	3.7%	16.0%	AAPL, AMZN, AVGO, BRBR, FCX, GOOGL, JPM, LLY, MSFT, ZBRA	asset allocation, Balanced, equities, fixed income, healthcare, materials, security selection, technology	Eli Lilly & Company contributed to relative performance with shares rising amid continued growth in its GLP-1 drug franchise. Freeport-McMoRan benefited from rising copper and gold prices, contributing to fund performance.		View
2025 Q4	Feb 25, 2026	GMO (Grantham, Mayo, Van Otterloo & Co. LLC)	0.0%	0.0%	2222.SR, AAPL, AMZN, AVGO, BLK, CSCO, GM, GOOGL, HOOD, META, MSFT, NVDA, ORCL, OWL, PLTR, TSLA, TSM	AI, Bubbles, Data centers, semiconductors, Speculation, technology, valuation	AI represents the most visibly impressive innovation of the last 100 years, comparable to railways in the 19th century. Current large language models suffer from hallucinations but are likely just an opening phase. If AI advances in biotechnology, materials, and energy, the future could be very interesting. The U.S. stock market has been in bubble territory for a prolonged period, defined as a two-standard deviation divergence above long-term real price trend. Unlike every bubble before it, this one has yet to fully deflate despite classic signs of a historic bubble top. Hyperscalers spent nearly $300 billion on capital expenditures in 2025, with AI investment accounting for 1.3% of U.S. GDP. Cumulative spending on U.S. data centers is estimated to reach $3-5 trillion by 2029-2030, representing massive overcommitment of capital. Nvidia is currently the world's most valuable company, exceeding the entire Japanese stock market. The AI boom has created unprecedented demand for chips, with companies stretching depreciation schedules despite ongoing technological progress that should shorten useful chip lives. There has been a surge in aggressive speculative behavior with commission-free trading, plentiful margin loans, and leveraged ETFs. Zero-day options now make up over 60% of all S&P 500 options, alongside the GameStop meme stock craze and cryptocurrency rise. By every historically effective valuation metric, U.S. equities are extremely overpriced. The CAPE of 40 is above any level seen outside the internet bubble peak, with the market cap to GDP ratio at all-time highs and record proportions trading at over 10 times sales.	HUBS	View
2024 Q4	Feb 24, 2025	Mar Vistas U.S. Quality Select	0.4%	13.6%	AMT, AMZN, AVGO, CRM, DIS, EFX	-			View
2024 Q4	Feb 24, 2025	Mar Vistas U.S. Quality	0.2%	15.0%	AMT, AMZN, AVGO, CRM, DIS, GXO, MCHP	-			View
2025 Q4	Feb 20, 2026	Tall Oak Capital Advisors	0.0%	0.0%	AAPL, AEM, ANET, AVGO, BABA, CCJ, CNQ.TO, EDV, EQT, GEV, GOOGL, MELI, MRK, MS, MSFT, NRG, PAAS, PANW, PH, SHOP.TO	AI, Automation, Critical Minerals, diversification, Energy Transition, Industrial Policy, Supply Chain, technology	Industrial automation has become a strategic necessity rather than a cost optimization tool in a multipolar world. FANUC exemplifies this trend as a global leader in factory robots and CNC systems that support re-shoring and friend-shoring while maintaining productivity. The company's technology underpins manufacturing across automotive, electronics, semiconductors, and precision machinery with systems that remain in place for decades. Materials have re-emerged as strategically important rather than purely cyclical as supply chains are re-engineered and infrastructure investment accelerates. Holdings like Pan American Silver and Southern Copper provide exposure to precious metals and copper demand driven by electrification, grid expansion, electric vehicles, and data-centre infrastructure. Supply growth remains constrained by long development timelines while demand continues rising. AI-related stocks remained a key market driver with companies most directly tied to AI infrastructure and monetization delivering the strongest results. The Magnificent Seven continued to dominate markets, accounting for roughly half of the S&P 500's total return. Capital investment remained elevated with spending concentrated in data centres, semiconductors, energy infrastructure, and automation. Governments and corporations are prioritizing re-shoring and friend-shoring, placing greater emphasis on supply-chain resilience across technology, manufacturing, energy infrastructure, and critical minerals. Rather than reversing globalization, supply chains are being re-engineered around strategic alignment and political reliability. This shift is influencing how and where capital is deployed globally. The transition toward renewable energy and electrification continues to drive investment in grid expansion, energy storage, and power infrastructure. Holdings like GE Vernova benefit from rising power and infrastructure demands tied to AI and electrification. Energy has become a strategic asset to fuel the growth of AI and support industrial competitiveness through low, stable energy costs.		View
2025 Q4	Feb 11, 2026	Baron Fifth Avenue Growth Fund	3.3%	18.2%	ADYEN, AMZN, ASML, AVGO, CPNG, CRWD, GOOGL, ILMN, IOT, KKR, MELI, META, MPWR, NOW, NVDA, SHOP, SNOW, TEAM, TSLA, TSM	AI, Cloud, E-Commerce, growth, large cap, semiconductors, technology	The fund is positioned for the AI transformation, viewing it as one of the biggest disruptive changes in human history. Portfolio companies are benefiting from AI infrastructure buildout, with NVIDIA at the epicenter, and companies adapting AI into core business operations for productivity gains. Strong positioning in semiconductor companies benefiting from AI demand, including NVIDIA, Broadcom, TSMC, and new addition Monolithic Power Systems. Focus on companies enabling AI infrastructure through custom accelerators, power management, and manufacturing capabilities. Investment in leading e-commerce platforms including Amazon, Shopify, MercadoLibre, and Coupang. These companies are using AI to improve recommendation engines, advertising algorithms, and customer support while expanding into new markets and services. Exposure to cloud infrastructure providers benefiting from AI demand, including Amazon Web Services, Google Cloud Platform, and Cloudflare. These companies offer full-stack AI solutions with both first-party and third-party hardware and models.	MELI CPNG META SHOP NVDA MPWR AVGO GOOGL	View
2025 Q4	Dec 31, 2025	Guinness Global Innovators	0.0%	12.8%	2020.HK, ABB, AMAT, APH, AVGO, CRM, DHR, GOOGL, ICE, LRCX, MDT, META, NFLX, NVDA, ORCL, SHL.DE, TMO	AI, global, inflation, innovation, monetary policy, Quality, semiconductors, technology	AI capex cycle continues to gather momentum with Hyperscaler spending expectations rising 78% for 2026 and 95% for 2027. However, concerns around an AI bubble are emerging as investments make up approximately 40% of US GDP growth in 2025, with circular deal flows among key players raising sustainability questions. Nvidia remains dominant in AI chips despite competition from Google's TPUs, which could capture up to 10% of Nvidia's data center revenue. The industry shows growing interest in workload-optimized hardware, with GPUs maintaining advantages in flexibility while ASICs offer cost efficiencies for specific tasks. Quality as a factor has underperformed year-to-date during risk-on periods but historically provides downside protection in bear markets. Quality stocks are trading below their 10-year average premium, presenting an opportunity to buy quality at relatively lower valuations. Policy rates across US, Europe and UK have moved decisively off 2023 peaks with cuts rarely seen outside recessions. Markets anticipate additional Fed rate reductions despite mixed signals, with sustained monetary easing expected to provide constructive backdrop for equities in 2026. Inflation outlook becoming increasingly divergent across regions, with US core inflation expected to remain at 2.6% in 2026 above Fed target, while Eurozone inflation expected to fall to 1.8%. US tariff expansion and fiscal policy continue to push inflation risks higher.		View
2025 Q4	Dec 31, 2025	Edgewood Management	1.5%	7.0%	ASML, AVGO, AXON, BSX, BX, FICO, INTU, ISRG, LLY, MSCI, NFLX, NOW, NVDA, SHOP, SNPS, SPGI, SPOT, TDG, V, VRTX	AI, growth, healthcare, large cap, Quality, semiconductors, software, technology	AI infrastructure buildout driving strong demand for semiconductors and data center components. AI Era Plan from Axon represents fastest booked product to date, with Draft One AI tool generating police reports in minutes and saving 50%+ officer time. AI expanding beyond data centers into factories and robotics, driving higher sensor content per system. Portfolio positioned for AI-driven semiconductor demand with holdings in NVIDIA, Broadcom, and ASML. AI servers require greater connector and interconnect content versus traditional servers. Semiconductor equipment companies benefiting from next-generation architecture requirements. Strong earnings growth in healthcare holdings with Eli Lilly delivering 75% EPS growth. Boston Scientific showing consistent performance with 25% EPS growth. Healthcare devices and pharmaceuticals demonstrating resilient fundamentals. Enterprise software companies showing strong fundamentals with ServiceNow, Intuit, and Synopsys delivering consistent growth. Software platforms benefiting from digital transformation and AI integration trends.	APH AXON	View
2025 Q4	Dec 31, 2025	Royal London Global Equity Diversified Fund	4.8%	12.5%	7741.T, AAPL, AMZN, AVGO, BHP.AX, BRO, CPRT, GOOGL, HEIA.L, ITW, JPM, LLOY.L, LLY, LW, META, MSFT, MU, NVDA, RACE, V	AI, defense, Global Equity, healthcare, Quality, semiconductors, technology, Valuations	The fund benefited from strong positioning in AI-related companies, particularly Alphabet which saw positive results following the release of the Gemini 3 model that was widely accepted as market leading. The generative AI supercycle has driven extreme market concentration in the magnificent few companies, leaving huge parts of the equity universe ignored. Eli Lilly was a key contributor due to its dominant position in the fast-growing GLP-1 drug market. Third-quarter results were exceptional due to explosive demand for its metabolic franchise with Mounjaro for diabetes and Zepbound for obesity generating more than $10 billion in quarterly sales. Micron Technology continued to provide positive contribution as a semiconductor manufacturer benefiting from the AI boom. DRAM pricing has continued to rise sharply, creating a favorable environment for Micron and enabling improved profitability from rising AI workloads and tight semiconductor supply. The fund initiated a position in Hensoldt, a European defense electronics company, classified as an Accelerator. The investment case is underpinned by strong positioning in sensor solutions and electronic warfare, seeing heightened demand amid increased European defense spending with robust order book and technological edge in radar and optronics. The fund benefited from investors beginning to appreciate companies with more defensive qualities such as relatively reliable revenues. Many fundamentally sound, profitable, and dependable businesses are currently trading on the lowest relative valuations seen for years when compared to the broader index.	HAG GR ITW RACE LW MU LLY GOOG	View
2024 Q4	Dec 31, 2024	Harding Loevner Global Equity	-	14.5%	ACN, ASML, AVGO, NFLX, NVDA, SU FP, UNH	-			View
2024 Q4	Dec 31, 2024	Aristotle Atlantic Core Equity Strategy	4.0%	13.8%	8495 TT, AVGO, AVY, CI, CRWD, GTLS, MCHP, SPR	-			View
2024 Q4	Dec 31, 2024	Bell Global Equities Fund	8.9%	21.7%	AVGO, GOOG, LULU, NVO	-			View
2024 Q4	Dec 31, 2024	BlackRock Global Dividend Fund	-4.6%	9.5%	AVGO, NVO	-			View
2024 Q4	Dec 31, 2024	Parnassus Core Equity Fund	0.3%	18.5%	AMZN, AVGO, BAC, BALL, CI, CME, CRM, DE, DHI, FERG, FI, INTL, KLAC, LIN, LLY, MDLZ, O, ORCL, SYY, VRTX, WDAY	-			View
2024 Q4	Dec 31, 2024	Parnassus Growth Equity Fund	4.9%	26.9%	AKAM, AMAT, AMD, AVGO, AZN, BSX, CRM, DASH, DDOG, EFX, EXAS, FERG, INTU, MC FP, MELI, MSFT, NTRA, NVDA, PCOR, TEAM, TMO, TSM, UNH, VRTX	-			View
2024 Q4	Dec 31, 2024	Parnassus Value Equity Fund	-1.5%	12.0%	ABNB, ALGN, AMAT, AMZN, AVGO, AZN, BALL, BAX, BIIB, BK, DHI, DIS, FIS, GOOG, GPN, INTL, MU, NICE, NTR, NVO, ORCL, PGR, SCHW, TSM, V	-			View
2024 Q4	Dec 31, 2024	Saturna Sustainable Funds (SEEFX, SEBFX)	-4.2%	9.6%	AVGO, DOL CN, NVDA, STMPA FP	-			View
2024 Q4	Dec 31, 2024	ClearBridge Investments Large Cap Value	-	-	AVGO, CVS, DE, ELV, MCHP, SRE, UNH, V	-			View
2024 Q4	Dec 31, 2024	Platinum International Fund	1.0%	8.0%	7203 JP, AVGO, NICE IT	-			View
2024 Q4	Dec 31, 2024	Platinum Global Fund (Long Only)	1.0%	5.0%	AVGO, NICE IT	-			View
2023 Q4	Dec 31, 2023	Carillon Eagle Growth & Income Fund	-	-	AVGO, AZN, BLK, CVX, FDX, GPC, MSFT, NOC, PNC	-			View
2024 Q4	Dec 30, 2024	Munro Global Growth Fund	10.4%	37.2%	AVGO, AXON	-			View
2025 Q3	Nov 8, 2025	Baron Opportunity Fund	5.4%	14.2%	ANET, AVGO, HTFL, IT, NVDA, PAR, SNPS, SPOT, TEAM, TSLA, TTD	AI, Cloud, compute, innovation, semiconductors	The fund notes unprecedented AI-driven capital spending, including multigigawatt compute commitments and expanding TAM projections across software, semiconductors, and cloud. Managers evaluate AI through multiple vectorscommercial displacement, labor transformation, and innovation accelerationwhile emphasizing real monetization pathways. AI remains the dominant secular growth engine shaping portfolio construction and opportunity assessment.	PAR IT TTD AVGO TSLA NVDA FFBC NEE	View
2025 Q3	Nov 8, 2025	ClearBridge Investments All Cap Growth	-	-	AVGO, NTRA, ORCL, UNH, VST	AI, Cloud, infrastructure, semiconductors, software	The letter highlights extreme dispersion between AI winners and AI losers, with cloud providers, semiconductor leaders, and AI infrastructure companies massively outperforming. Application software and IT services names face pressure from perceived AI disintermediation, prompting portfolio shifts toward beneficiaries of AI infrastructure spending. The managers maintain a balanced but upgraded AI exposure while acknowledging persistent macro and geopolitical risks.		View
2025 Q3	Oct 9, 2025	ClearBridge Investments Dividend Strategy	-	-	AVGO, MMC, ODFL, ORCL	Artificial Intelligence, defense, Dividend Investing, inflation, valuation	The strategy stresses dividend growth as an all-weather approach amid elevated valuations and market concentration. Flexible dividend policies allow participation in growth sectors like AI while maintaining capital discipline and downside resilience. Dividend growers offer income, inflation protection, and lower volatility across cycles.	ODFL MARSH LHX TEL ORCL AVGO	View
2025 Q3	Oct 9, 2025	Polen Capital – Focus Growth	3.1%	5.5%	AVGO, BSX, INTU, IT, NVDA, ORCL, SNPS, TMO, UBER	AI, Cloud, growth, Quality, semiconductors	Market performance remains dominated by AI enthusiasm and semiconductor strength. Polen emphasizes high-quality, durable businesses like Oracle and Broadcom, expecting AI infrastructure demand to sustain earnings growth despite short-term volatility.	UBER SNPS BSX INTU AVGO NVDA	View
2025 Q3	Oct 30, 2025	Stenham Asset Management	0.8%	8.3%	AVGO, TSM	Artificial Intelligence, Cloud infrastructure, energy, semiconductors, valuation	Stenhams letter centers on the global AI infrastructure boom, noting explosive capital commitments by firms like Oracle, Nvidia, and Microsoft. While acknowledging AIs transformative potential, management warned of bubble-like behavior reminiscent of 1999. The fund remains invested in key beneficiaries such as TSMC and Siemens Energy, balancing exposure to AI with long-term discipline on valuation and earnings quality.	SIE TSM SIE TSM	View
2025 Q3	Oct 28, 2025	Columbia Global Technology Growth Fund	12.1%	-	ACN, ALAB, AVGO, CRM, HOOD, NOW, NVDA, TTD	Artificial Intelligence, Cloud, Data centers, semiconductors, tariffs	The funds returns were powered by surging demand for AI infrastructure, led by NVIDIA and Broadcom, as hyperscalers invested heavily in next-generation data centers. Management emphasized that AI remains in early innings, driving long-term secular growth across semiconductors, cloud, and enterprise software. The fund also noted that easing U.S. tariff risks and improving trade policy provided macro support for technology valuations and investor sentiment.	NOW CRM ACN TTD AVGO NVDA HOOD ALAB AVGO US NVDA US ALAB US AVGO US NVDA US ALAB US	View
2025 Q3	Oct 24, 2025	The Bristol Gate U.S. Equity Strategy	-0.6%	4.6%	ACN, APH, AVGO, CARR, INTU, MMC, TMO	AI, cash flow, dividends, earnings, Quality	Bristol Gate lagged the S&P 500 as defensive dividend growers trailed AI-linked momentum stocks. Managers highlight Broadcom, GE Aerospace, and Thermo Fisher as key contributors, while Accenture and Intuit detracted. The team remains confident that dividend growth and cash flow quality will outperform over the long term as fundamentals reassert themselves.	UNH MMC APH INTU ACN CARR GE TMO AVGO CARR GE TMO AVGO	View
2025 Q3	Oct 22, 2025	Brasada Focused Equity Strategy	-	-	AMD, AVGO, FERG, NVDA	AI, Housing, inflation, infrastructure, semiconductors	Brasada highlights AIs debt-fueled capital spending cycle as a late-stage bubble reminiscent of the telecom era. Managers remain selective, preferring high-quality platforms and suppliers like Broadcom and Ferguson with durable cash flows and pricing power. They see benefits in infrastructure, plumbing, and data center demand as inflation moderates and rates decline.	AVGO FERG AVGO FERG	View
2025 Q3	Oct 21, 2025	Columbia Seligman Global Technology Fund	23.7%	-	AAPL, AVGO, BE, LRCX, NVDA, ORCL	AI, Cloud, cybersecurity, energy, semiconductors	The fund outperformed benchmarks with 23.7% gains, driven by semiconductors, cloud infrastructure, and AI data center demand. Bloom Energy and Lam Research were key contributors, benefiting from AI-related power and chip investments. Managers expect continued growth in AI infrastructure and cybersecurity spending despite sector concentration risks.	ORCL AVGO WDC BE AVGO WDC LRCX BE	View
2025 Q3	Oct 20, 2025	Sands Capital Select Growth Fund	6.3%	22.1%	AAP, AVGO, DXCM, GOOG, ICE, NFLX, NOW, NVDA, ORCL, RBLX, TEAM, TSM	Artificial Intelligence, Cloud infrastructure, E-Commerce, semiconductors, software	AI-driven capital spending and infrastructure buildouts dominated the portfolios focus, with holdings in NVIDIA, Broadcom, and Oracle leading performance. Managers increased exposure to cloud and software platforms poised for monetization of AI capabilities. Consumer internet and e-commerce holdings like Roblox and Amazon provided diversification amid cyclical volatility.		View
2025 Q3	Oct 2, 2025	Middle Coast Investing	-	-	AL, AVGO, BHF, CPAY, ECG, FILA IM, GOGO, GOOG, HI, LULU, LYFT, PGR, TFSL, TRIP	AI, Alphabet, Automation, Broadcom, M&A	The letter focuses on opportunistic value investing driven by company-specific fundamentals rather than macro forecasts. Mispricing created by fear, forced selling, or neglect is seen as the primary source of return. Patience and independent thinking are central to the process.	AL US TFSL US BHF US HI US GOGO US CORP US	View
2025 Q3	Oct 19, 2025	Carillon Eagle Growth & Income Fund	-	-	ABBV, ABT, ACN, AVGO, CARR, GLW, KOF, LRCX, MDLZ, ORCL	AI, Cloud, Data centers, interest rates, semiconductors	AI infrastructure spending drove performance across technology and semiconductor holdings. Broadcom, Oracle, and Lam Research benefited from growing data center demand and AI-driven contracts. The fund reduced exposure after strong gains, mindful of potential macro risks from rate policy and tariffs.		View
2025 Q3	Oct 17, 2025	Harbor Capital Appreciation Fund	5.0%	12.7%	AAPL, AMD, APPL, AVGO, DIS, MSFT, NFLX, ORCL, SHOP, TOST, TSM, TTD, VRTX	Artificial Intelligence, Cloud Computing, Growth Stocks, semiconductors, Technology leadership	Harbors manager cites AI-driven innovation as the dominant force behind market gains, though warns of valuation risk in mega-cap tech. The fund added exposure to cloud and AI enablers such as AMD and Oracle, reflecting confidence in structural growth. Despite short-term volatility, it remains committed to high-quality growth companies with durable moats and earnings resilience.	ORCL US TOST US AMD US	View
2025 Q3	Oct 1, 2025	ClearBridge Investments Large Cap Growth Strategy	-	-	ACN, AVGO, CMG, DDOG, UNH, UNP, WDAY	AI, Broadcom, Datadog, Oracle, technology	The letter discusses dispersion between AI winners and losers, emphasizing disciplined exposure rather than momentum chasing. Infrastructure software and select cyclicals are positioned to benefit from AI-driven investment. Valuation awareness and diversification remain central.	VRTX US DDOG US ORCL US	View
2025 Q4	Jan 9, 2026	Middle Coast Investing	2.7%	16.9%	AAPL, ABM, AER, AMZN, APOG, ATKR, ATRO, AVGO, BHF, CCK, COF, CPAY, ECG, FG, GOGO, GOOG, HI, HNI, HURC, LULU, LYFT, MLKN, OMAB, PAGS, PGR, PTLO, SCHW, TRIP, WS	Bottom-up, Cash, Defensive, Office Furniture, risk management, value	Manager emphasizes bottom-up investing approach, looking for companies that will do better in years ahead when stocks are priced attractively. Seeks good companies at fair prices to protect against market struggles while avoiding missing big years. Primary goal is to avoid blowing up and survive through bad times. Uses rules like not buying whole positions at once, demanding 50% upside, watching leverage, and knowing when to double down. Maintains defensive portfolio positioning. Decade-long investment theme in office furniture companies including Kimball International, Steelcase, and HNI Corporation. Believes return to office theme hasn't played out but might be soon, with order growth showing improvement across major players.		View
2025 Q4	Jan 7, 2026	ClearBridge Investments Dividend Strategy	0.0%	0.0%	AAPL, ADP, APD, AVGO, GOOGL, ITX.MC, KO, LHX, META, MMC, MSFT, NESN.SW, NVDA, ODFL, ORCL, TEL, TMUS, UL, UNP, XOM	AI, Concentration, diversification, dividends, large cap, semiconductors, technology, value	AI will radically change lives, labor markets and the economy, but investors already ascribe trillions of dollars of value to AI-related enterprises while aggregate AI-related revenues are minimal relative to embedded expectations. The landscape is evolving too swiftly to conclude today's favored players will be ultimate winners, with fundamental questions remaining about LLM commoditization and revenue sustainability. The strategy's average holding has grown its dividend at 10% over the last 12 months with similar growth expected in coming years. The fund maintains focus on dividend-paying companies as part of its core investment approach and diversification strategy. The ClearBridge Dividend Strategy trades at a significant discount to the broader market with a P/E ratio of 19.8x versus 24.7x for the S&P 500. The managers value securities based on free cash flow yields and gravitate toward those with asymmetric risk-reward profiles.		View
2025 Q4	Jan 7, 2026	ClearBridge Investments Large Cap Growth Strategy	1.2%	0.0%	ACN, ADBE, ANET, AVGO, CMG, DDOG, EQIX, ETN, GOOGL, ISRG, LLY, MRVL, NVDA, ORCL, PLTR, SBUX, TMO, UNH, VRTX, WDAY	AI, growth, healthcare, large cap, momentum, semiconductors, technology, underperformance	AI spending exceeded expectations with hyperscalers accelerating capex, emergence of OpenAI and Anthropic as major spending sources, and Alphabet selling custom AI chips to competitors. The managers acknowledge underestimating AI spending magnitude and are repositioning with purchases of Broadcom, Marvell Technology, Datadog and Oracle while exiting lower-conviction AI plays. Cloud infrastructure remains central to AI deployment with data center operators like Equinix positioned as later-stage beneficiaries. Oracle's cloud business represents significant upside potential despite current market skepticism, with the company having a large backlog of signed contracts and generating free cash flow. Semiconductor exposure through Nvidia has been a top holding since 2018, with additional positioning in Broadcom for custom silicon chips and Marvell Technology. The managers regret not scaling positions more aggressively in semiconductor beneficiaries during the AI-driven rally. Healthcare positioning was repositioned with purchases of high-quality biotechnology company Vertex Pharmaceuticals, which was a leading contributor in Q4. The managers exited Eli Lilly too early before GLP-1 reimbursement deals and oral treatment readouts drove shares higher.		View
2024 Q4	Jan 7, 2025	ClearBridge Investments Large Cap Growth Strategy	0.0%	0.0%	ARNB, AVGO, ICON, NEE, NVO, TSLA	-			View
2025 Q4	Jan 6, 2026	Smallvalue	6.6%	37.7%	AVGO, NVDA, OLVI.HE, ORCL, PLTR, SFM, TSLA	AI, Beverages, Copper, Data centers, Europe, Grocers, small caps, value	Artificial intelligence was the central theme of 2025, driving stock indices and sparking debate between believers and bubble warnings. The conversation is shaped by massive capital requirements for AI infrastructure, enormous energy consumption, uncertainty over profitability, and asset depreciation risk. AI-related capital investment represents around 2% of U.S. GDP, highlighting extraordinary scale and complexity. Data centers are industrial facilities requiring copper, steel, cement, concrete, and energy. Each megawatt of capacity requires tons of copper, cooling systems, and diesel backup generators. The cloud is not ethereal—it is heavy industry. Real beneficiaries are indirect players: industrial manufacturers, component distributors, and raw material suppliers. Without copper, there is no electrification, digitalization, AI, or data centers. Each megawatt of data center capacity requires roughly 30 tons of copper; with 10,000 MW added annually, this amounts to approximately 300,000 tons—about 1% of the 30 million ton annual market. Minor supply deficits can trigger significant price volatility, reinforcing a structural, long-term bullish outlook. Sprouts Farmers Market remains a high-quality business with some of the best operating margins in its sector and continues to repurchase shares aggressively. The company has ambitious expansion plans, aiming to triple its footprint from 450 to 1,400 stores nationwide while maintaining its fresh-first mission. Olvi Oyj announced strategic acquisitions in Q1 2026, including Estonia's leading mineral water producer Värska Originaal, Bosnia's largest brewery Banjalucka Pivara, and a 51% acquisition of Brewery International. These transactions expand Olvi's non-alcoholic and alcoholic beverage portfolios, increase sales volumes, and strengthen production capabilities across the Baltics, Nordics, and Mediterranean markets.	SFM	View
2025 Q4	Jan 6, 2026	Ghosh Capital	-13.3%	12.6%	AEM, APH, AVGO, CWAN, GOOGL, HOOD, MSFT, MU, NVDA, RHM.DE, SII, WIX	Concentration, Leverage, Options, risk management, SaaS, technology, value	Manager learned hard lessons about position sizing and concentration risk after Kneat position at 30% of portfolio caused significant drawdown. Establishing strict rules around maximum position sizing regardless of conviction level. Used long-dated deep in-the-money options for leverage on Wix and Clearwater Analytics positions but found the inherent leverage made it difficult to hold positions through volatility. Planning to use options more sparingly going forward. Kneat remains largest holding despite poor Q2/Q3 results with net new ARR below expectations due to macro headwinds and deal delays. Company ended 2025 with highest number of new strategic customer wins in history, setting up for growth in 2026-2027.	WIX KSI CN	View
2025 Q4	Jan 6, 2026	PivotalPath	0.0%	0.0%	AGG, AVGO, CWB, HYG, IBB, LQD, ORCL, XBI, XLE, XLF, XLK, XLU, XLV, XLY	AI, Crowding, Fed policy, Hedge Funds, liquidity, Long/Short, Macro, Multi-Strat	AI remained the loudest theme but tone shifted from breakthrough to balance sheet. The market's new habit of asking show me the cash flow reinforced that AI isn't being abandoned but is being priced more realistically. AI infrastructure remained the sturdier expression across equity and credit books. Fed announced short-term Treasury bill purchases as technical measure to maintain ample reserves. This mix of policy easing and practical focus on liquidity helped explain December's feel of being supportive when conditions were orderly, jittery when they weren't. Funding markets can suddenly drive the agenda. Fed cut rates by 25bps on December 10 while describing growth as moderate and inflation as still somewhat elevated. Markets took message as cut now, likely pause soon. The opportunity set was less about calling one Fed meeting and more about trading the path via rates and FX. Healthcare and biotech took a breather after strong run, falling back over December. Managers believe this pause reflects digestion rather than dramatic change of heart. Biotech remained a stock-picker's market where one good dataset can massively move the needle. Momentum fell 1.91% over the month with quick switches between stick with winners and take the money and run. Many quant teams operated with shorter lookbacks, smaller position sizes, and tighter crowding guardrails because Momentum has become too popular for its own good. Utilities fell 5.79% as market rotated away from defensives, though structural story didn't disappear. Managers continued to blend core yield exposure with targeted bets on transmission upgrades, renewables rollout, and data-center power demand seeking mix of income and growth.		View
2025 Q4	Jan 30, 2026	Baron Durable Advantage Fund	2.7%	16.6%	AMZN, AVGO, BX, CME, COST, CSGP, DHR, GOOGL, LPLA, MA, META, MPWR, MSCI, MSFT, NVDA, PWR, TMO, TSM, V, WELL	AI, growth, large cap, Quality, semiconductors, technology	AI disruption is coming for all knowledge workers and most physical workers. Companies must overcome innovators' dilemmas, challenge conventional wisdom, and invest aggressively to survive. The Fund benefits from AI buildout through semiconductor investments and companies adapting to AI disruption like Alphabet's Gemini development. Semiconductor investments continue to benefit from AI buildout with over 100% of performance explained by growth in fundamentals rather than multiple expansion. NVIDIA, TSMC, and Broadcom are key beneficiaries of the AI infrastructure build-out with strong demand for next-generation nodes. Google Cloud Platform accelerated growth as Alphabet's AI investments began paying off. Cloud revenue growth accelerated to 34% year-over-year driven by demand for AI cloud services, with large deals over $1 billion signed through Q3 2025 exceeding prior two years combined. Quanta Services positioned to benefit from secular growth tailwinds including AI data centers increasing electricity demand, grid modernization, electrification, and energy transition investments. Utility capex cycle accelerating through at least end of decade.	WELL DHR MSCI MSFT CSGP META ACGL NVDA PWR AVGO TSM GOOG	View
2025 Q4	Jan 28, 2026	GMO (Grantham, Mayo, Van Otterloo & Co. LLC)	-	-	2222.SR, AAPL, AMZN, AVGO, BLK, CSCO, GM, GOOGL, HOOD, META, MSFT, NVDA, ORCL, OWL, PLTR, TSLA, TSM	AI, Bubbles, Data centers, semiconductors, Speculation, technology, valuation	AI represents the most visibly impressive innovation of the last 100 years, comparable to railways in the 19th century. Current large language models suffer from hallucinations but are likely just an opening phase. If AI advances in biotechnology, materials, and energy, the future could be very interesting. The U.S. stock market has been in bubble territory for a prolonged period, defined as a two-standard deviation divergence above long-term real price trend. Unlike every bubble before it, this one has yet to fully deflate despite classic signs of a historic bubble top. Hyperscalers spent nearly $300 billion on capital expenditures in 2025, with AI investment accounting for 1.3% of U.S. GDP. Cumulative spending on U.S. data centers is estimated to reach $3-5 trillion by 2029-2030, representing massive overcommitment of capital. Nvidia is currently the world's most valuable company, exceeding the entire Japanese stock market. The AI boom has created unprecedented demand for chips, with companies stretching depreciation schedules despite ongoing technological progress that should shorten useful chip lives. There has been a surge in aggressive speculative behavior with commission-free trading, plentiful margin loans, and leveraged ETFs. Zero-day options now make up over 60% of all S&P 500 options, alongside the GameStop meme stock craze and cryptocurrency rise. By every historically effective valuation metric, U.S. equities are extremely overpriced. The CAPE of 40 is above any level seen outside the internet bubble peak, with the market cap to GDP ratio at all-time highs and record proportions trading at over 10 times sales.		View
2025 Q4	Jan 26, 2026	Impax US Sustainable Economy Fund	4.2%	16.0%	AAPL, AMD, AMZN, AVGO, CLX, CPB, GIS, GOOG, GOOGL, JNJ, LLY, MA, META, MRK, MSFT, NVDA, ORCL, PLTR, STT, V, ZTS	AI, Esg, healthcare, large cap, Pharmaceuticals, semiconductors, sustainability, technology	AI-related companies experienced volatility due to concerns over elevated capital expenditures and returns on large-scale data center investments. Advanced Micro Devices surged on strong demand for AI-optimized chips and data center processors, benefiting from partnerships with hyperscale cloud providers and record GPU sales for AI workloads. Eli Lilly announced a significant agreement with the Trump administration for extended coverage of GLP-1 weight loss drugs within Medicare and Medicaid programs. This created substantial new market opportunities and alleviated concerns about stringent drug pricing. Health Care sector rallied following Trump administration agreements with major pharmaceutical firms to reduce Medicaid drug prices. Companies like Eli Lilly, Merck, and others benefited from robust sales growth, positive clinical trial results, and improved market access for key medications. The portfolio's sustainability tools were key performance drivers, with industry tilts from the Sustainability Lens and Corporate Resilience profiles both benefiting returns. Companies with higher Corporate Resilience scores outperformed while those with poor scores like Meta and Palantir were excluded and underperformed.		View
2025 Q4	Jan 26, 2026	Brown Advisory Large-Cap Growth Strategy	-4.4%	1.8%	AAPL, ADBE, ALGN, AMZN, AVGO, CTAS, DDOG, DHR, DKNG, FICO, GNRC, GOOG, HLT, INTU, IOT, ISRG, META, MRVL, MSFT, NFLX, NOW, NVDA, NXPI, TT, TTD, UBER, VEEV, WDAY, ZTS	AI, Cloud, growth, large cap, semiconductors, software, technology	AI integration is driving differentiation across portfolio companies, with ServiceNow and Intuit advancing meaningful AI initiatives that enhance customer value and deepen competitive advantages. The manager views AI investments in three concentric circles: semiconductor companies powering AI infrastructure, hyperscalers deploying AI at scale, and companies integrating AI to enhance products and services. Semiconductors doubled from April lows with NVIDIA and Broadcom among biggest contributors. The manager maintains meaningful exposure to hardware-oriented AI plays but avoids over-concentration despite strong momentum, viewing semiconductor companies as the first circle of AI infrastructure investments. Cloud businesses showed strong performance with Google Cloud growing nearly 34% year-over-year and AWS accelerating to 20% growth. The manager views hyperscalers as the second circle of AI investments, deploying AI at scale across their platforms.	ZTS MRVL VEEV NOW NFLX DHR AVGO MSFT UBER NVDA AMZN FICO HLT ISRG GOOG	View
2022 Q4	Jan 26, 2023	ClearBridge Investments All Cap Growth	2.7%	-6.5%	AMZN, AVGO, CRWD, DIS, EL, IMGN, MMC, NFLX, NKE, TEAM, TSLA, UNH, V, WOLF	-			View
2025 Q4	Jan 23, 2026	Bell Global Equities Fund	-1.5%	0.0%	3064.T, 6098.T, 8697.T, AAPL, ACN, AMZN, AUTO.L, AVGO, BOOT, GOOGL, GWW, JPM, LPLA, META, MSFT, NVDA, ODFL, SAP.DE, SNPS, TSCO, V	financials, Global Equities, industrials, QARP, Quality, technology	Bell maintains a Quality at a Reasonable Price (QARP) approach despite challenging performance in 2025. The team believes quality investing periods of underperformance often create compelling opportunities to lean in as fundamentals ultimately reassert themselves and valuations matter again. The portfolio benefits from sustained demand from AI-driven data centre investment, with technology companies like NVIDIA representing significant holdings. AI infrastructure continues to drive performance across multiple portfolio positions.	JKHY LPLA GWW TSCO ODFL	View
2025 Q4	Jan 22, 2026	Jensen Investment	0.0%	5.6%	AAPL, ACN, AMZN, APH, AVGO, BRK.B, CPRT, GOOGL, JPM, KLAC, LLY, META, MMC, MSFT, MU, NVDA, STX, TSLA, WDC, WM	AI, growth, large cap, Market Concentration, Quality, semiconductors, technology	The AI investment cycle is maturing with prominent beneficiaries beginning to meet quality criteria as earnings become more sustainable and competitive advantages emerge. The portfolio now includes foundational AI enablers like Nvidia, Amazon, Meta, and KLA Corporation as highly profitable, cash-generative businesses with dominant positions in computing and semiconductor ecosystems. Jensen maintains focus on businesses with durable cash generation, resilience, and consistent returns on equity rather than abandoning discipline for momentum-driven rallies. The strategy emphasizes companies capable of compounding economic value over full cycles with strong competitive advantages and financial strength. Semiconductor equipment companies like KLA Corporation benefit from growing investor recognition of pricing power and mission-critical roles in advanced chip manufacturing. The sector saw broadening beyond consensus AI winners to reward memory and storage beneficiaries like Western Digital, Seagate, and Micron. The ten largest S&P 500 weightings comprised 38.29% of the Index and accounted for 55.40% of total returns, creating headwinds for strategies underweight these mega-cap leaders. This concentration in AI-related companies has been a defining feature since late 2022.	AVGO SYK WM CPRT MMC ACN LLY APH KLAC	View
2025 Q4	Jan 22, 2026	Thornburg Equity Income Builder Fund / Thornburg Investment Income Builder Fund	7.0%	37.0%	005930.KS, AVGO, AZN, BNP.PA, C, CME, DTEGY, ELE.MC, ENEL.MI, KPN.AS, MRK, NN.AS, NVS, ORAN, PFE, RHHBY, T, TSCO.L, TSM, TTE	dividends, financials, global, healthcare, Telecommunications, Utilities, value	The fund maintains exposure to dividend-paying firms with resilient businesses and strong capital structures. The portfolio's weighted average dividend yield of 4.2% significantly exceeds the MSCI Index's 1.7% yield. Most holdings have made reasonable progress growing their bases of paying customers and distributable cash flows to support multi-year dividend growth. The portfolio trades at attractive valuations with a weighted harmonic average 2025 consensus P/E ratio of 14.3x, well below the MSCI All Country World Index's 21.6x. The manager believes these businesses are valued very attractively relative to their own histories and other assets, incorporating significant intrinsic value. The fund focuses on businesses that occupy important positions in their respective markets and tend to be well capitalized. These firms retain their market positions providing important products and services that generate cash flows. The manager emphasizes resilient businesses with strong capital structures that can maintain operations through various market conditions.		View
2025 Q4	Jan 22, 2026	Sands Capital Select Growth Fund	-5.4%	15.5%	AMZN, APP, AVGO, CVNA, DASH, GOOGL, ICE, META, MSFT, NFLX, NU, NVDA, RARE, RBLX, SE, SHOP.TO, SPOT, SQ, TSM, V	AI, defense, energy, growth, infrastructure, Robotics, Space, technology	AI continues to reshape business models and drive market leadership, with infrastructure spending extending into 2027. The firm maintains meaningful exposure to AI enablers while monitoring bubble risks and debt-financed expansion. Demand for compute outpaces supply with scaling laws remaining intact. Defense technology entering structural growth phase driven by geopolitical risks and convergence of military and commercial innovation. Focus on autonomous systems, space sensing, and secure communications with companies playing mission-critical roles from modest revenue bases. Advances in AI compute power pushing robotics forward with near-term opportunities in logistics and warehouse environments. Amazon's fulfillment network demonstrates how systems can share data and work safely with people as hardware costs fall and software improves. Energy transition blending with new power demand from data centers and AI, straining grids and forcing aggressive infrastructure investment. Multiyear investment cycle expected across entire power value chain with opportunities in companies combining scale, speed, and technology. Cyberattacks becoming more frequent and sophisticated as attack surfaces grow with cloud migration and AI tool proliferation. Security now a core operating requirement and foundation for trust, with portfolio companies evolving to broader cloud-delivered platforms. Space becoming part of everyday life with satellites supporting internet, defense, and climate monitoring. Launch costs fallen 95% from Space Shuttle levels, making supply cheaper and expanding viable missions. Industry showing early signs of manufacturing scale and profitability.	PWR CRS DXCM VG AJG ORCL TEAM NOW MSFT SPOT NFLX SE RBLX AVGO AMZN TSM CVNA GOOGL	View
2025 Q4	Jan 22, 2026	Sands Capital Technology Innovators Fund	6.2%	14.7%	AMZN, APP, ASML, AVGO, AXON, CPNG, CVNA, DASH, DDOG, DUOL, GOOGL, IOT, MELI, META, MSFT, NFLX, NOW, NU, NVDA, PANW, PLTR, RBLX, SE, SHOP.TO, SPOT, SQ, TEAM, TSM, V	AI, defense, global, growth, innovation, Robotics, semiconductors, technology	AI continues to transform industries and drive market leadership, with infrastructure buildout continuing despite concerns about bubble-like excesses. The firm maintains meaningful exposure to AI enablers including semiconductors and digital advertising while staying disciplined on valuation and business quality. Semiconductor demand continues to outpace supply with visibility for AI-related spending extending into 2027. The portfolio maintains selective exposure focused on leading-edge logic chips and custom AI chip design services, with companies like TSMC and Broadcom positioned as key beneficiaries. Defense technology is entering a structural growth phase driven by rising geopolitical risk and convergence of military and commercial innovation. Focus areas include autonomous systems, space sensing, secure communications, and software that connects these pieces. Advances in AI compute power are pushing robotics forward with near-term opportunities in logistics and warehouse environments. The focus is on companies that make robots reliable, safe, and economically compelling rather than just headline-grabbing. Energy transition is blending with new power demand from data centers and AI infrastructure, creating a multiyear investment cycle across the entire power value chain. Opportunities emerging in companies that combine scale, speed, and technology to address grid complexity. Cyberattacks have become more frequent, costly, and sophisticated as more activity moves to the cloud and AI tools spread. Security is now a core operating requirement and foundation for trust with customers, regulators, and partners. Space is becoming part of everyday life with satellites supporting internet, defense, navigation, and climate monitoring. Costs are falling, tools are easier to use, and demand is rising, creating growing businesses with steady long-term revenue potential.	PLTR AVGO GOOGL MSFT NFLX NU SHOP KVYO CVNA TSM	View
2025 Q4	Jan 22, 2026	NewBridge Large Cap Growth Equity	6.7%	32.1%	ADBE, AMZN, ANET, AVGO, CELH, CSGP, GOOGL, LLY, MCK, META, MPWR, MSFT, NFLX, NOW, NVDA, RDDT, TSLA, TW, UBER, V, VRT, ZTS	Fed, fundamentals, growth, large cap, Quality, rates, technology, Trump	The portfolio benefits from AI-related opportunities through companies like Reddit, which has secured deals with high-profile AI/LLM leaders including Google and OpenAI. These partnerships are driving user base growth and advertiser interest as Reddit leverages its data for AI use cases. Vertiv Holdings was a standout performer during the quarter as it continues to benefit from large tech companies' intentions to increase data center capacity. The company is well-positioned for the ongoing data center expansion trend. The portfolio maintained its high-growth, high-quality mandate with 98% allocated to Emerging Growth and Established Growth companies. Growth factors were the best performing quantitative factors during the quarter, including Estimated Long-term Growth, Sales Growth, and Composite Growth. The portfolio includes significant exposure to cloud infrastructure and services companies that reported strong quarterly results. These companies benefit from continued digital transformation and enterprise cloud adoption trends.	CELH RDDT TW	View
2025 Q4	Jan 21, 2026	Columbia Global Technology Growth Fund	2.0%	25.1%	AAPL, AMZN, ASML, AVGO, GOOGL, HOOD, LRCX, META, MSFT, MU, NFLX, NOW, NVDA, ORCL, TSM	AI, Cloud, global, growth, semiconductors, technology	The fund views AI as being in early innings of a long-term secular growth trend that will take years or decades to play out. The quarter marked a critical transition from experimental pilots to scaled enterprise implementations, with markets scrutinizing elevated investment levels and the path from capital expenditure to cash-flow generation. AI-driven demand is driving insatiable chip demand and productivity gains of 10-30% for knowledge workers. Semiconductor companies experienced strong performance driven by AI demand, with memory-chip suppliers surging on supply constraints. Taiwan Semiconductor Manufacturing received overwhelming validation of insatiable AI chip demand, while Micron Technology sold out its entire 2026 production of advanced memory chips with pricing locked through the following year. The sector benefits from continuous capacity expansion requirements. Cloud infrastructure remains a key focus with AI-driven demand from enterprise customers. Alphabet's cloud business showed strong performance with key contract wins from the Pentagon and AI pioneer Anthropic. The fund continues to monitor cloud commitments and infrastructure spending as part of AI buildout strategies.	NOW MU TSM GOOGL	View
2025 Q4	Jan 21, 2026	Columbia Seligman Global Technology Fund	5.0%	35.4%	AAPL, AMAT, AVGO, BE, GOOGL, LRCX, LYFT, MRVL, MSFT, MU, NVDA, ORCL, PINS, TER, WDC, WIX	AI, Data centers, Equipment, global, growth, semiconductors, technology	AI infrastructure build-out remains strong with hyperscalers and enterprises committing to large-scale spending on GPUs, high-speed networking and high-bandwidth memory. The quarter saw volatility around AI capital expenditure concerns and whether spending had ramped too fast, but fundamentals remained intact with continued demand for AI data centers and power solutions. Semiconductor equipment demand remained steady and recovered strongly following April volatility around global tariffs. Companies focused on reallocating production across geographic locations to adjust for potential tariff impacts. Memory and storage pricing improved following the 2022-2023 down cycle, with NAND/DRAM markets tightening on AI data demand. Power shortage overhangs new AI data center builds globally, creating demand for alternative energy solutions. Bloom Energy's fuel cells provide solutions that can plug into natural gas lines and ramp up power delivery quicker than traditional providers, addressing the largest constraint on AI development according to NVIDIA's CEO. High-bandwidth memory and AI chips are fueling significant investments and demand for advanced storage solutions. Western Digital benefited from increased purchase orders from major hyperscalers extending into 2026 and 2027, driven by AI infrastructure demand for high-capacity hard disk drives. Cybersecurity consistently remains a top priority for CIO budgets as non-technology companies continue increasing AI solution usage in daily operations. However, increased regulatory scrutiny on data privacy, AI ethics and antitrust could create headwinds as companies seek more security solutions amid AI adoption.	AMAT TER WDC BE LRCX NVDA	View
2025 Q4	Jan 21, 2026	Advisors Capital Management, LLC	-	-	AAPL, AMD, AMZN, AVGO, GOOGL, META, MSFT, NVDA, ORCL, SLB, TSLA	AI, energy, Geopolitical, inflation, productivity, technology, Venezuela	AI-driven capital spending remains a powerful force propelling company valuations higher over the past three years. AI adoption is proceeding rapidly with productivity gains helping offset wage pressures and containing inflation. The technology is displacing many jobs while reducing business costs, creating an almost ideal environment for stock prices. The capture of Nicolás Maduro represents a dramatic change in U.S. foreign policies under the Monroe-Trump Doctrine. This signals a more assertive approach to countering hostile regimes in the Western Hemisphere, with implications for Cuba, Iran, and China's strategic positioning in Latin America. Venezuela's leadership change may lower global oil prices and benefit energy companies and oilfield service providers. Oil prices are likely to decline further with positive economic consequences globally, boosting real household income and helping reduce inflation measures. Inflation has moderated meaningfully from its 2022 peak and while it remains above the Fed's target, pressures are expected to ease further into 2026. AI-driven productivity gains may help offset wage pressures, keeping inflation and interest rates relatively contained.		View
2025 Q4	Jan 21, 2026	Platinum International Technology Fund	0.0%	13.0%	AMD, AMZN, ANET, ASML, AVGO, CPNG, ENR.DE, GEV, ISRG, LRCX, MA, MSFT, NVDA, RHM.DE, SAP, SHOP, TSM, UBER, VEEV, VRT	AI, Capex, Data centers, defense, energy, growth, semiconductors, technology	AI disruption is reshaping consumer internet companies and hyperscalers as OpenAI's growth shifts attention from traditional platforms. The industry remains in an arms race to secure capacity for training larger models, funded by big tech balance sheets. AI agents threaten existing paradigms in consumer tech and could cannibalize advertising revenues while potentially making platforms commoditized. Around a third of the Fund is invested in companies benefiting from AI datacenter buildout including Nvidia and Vertiv. The manager expects big tech capex growth of ~35% year-on-year is too conservative, with TSMC AI wafers revenue growing ~60% YoY and advanced packaging capacity growing ~70% YoY. Lower interest rates and AI's role in US-China competition could prolong this cycle. Semiconductor names like TSMC and Lam Research were key contributors this quarter, reflecting expectations that new capacity will be needed in 2026 to support AI compute growth. TSMC is viewed as a key bottleneck in the AI value chain as the only company who can make leading edge AI chips at scale. The fund initiated positions in Siemens Energy and GE Vernova, both sitting in an oligopoly supplying combined-cycle gas turbines to utilities and data centers. With US power shortages and rising electricity prices, both companies are expected to add capacity, driving volumes and margins above consensus. Five percent of the Fund is invested in defense companies such as Rheinmetall and Exosense. The manager sees the beginning of a decade-long capex cycle driven by multi-polar geopolitics, the emerging need to integrate disparate hardware systems, and the growth of AI applications in unmanned system platforms.	2330 TT VEEV TSM UBER J	View
2025 Q4	Jan 21, 2026	Harbor Capital Appreciation Fund	0.8%	14.0%	AAPL, AMD, AMZN, APH, AVGO, CDNS, GOOG, GOOGL, ITX.MC, LLY, LPLA, META, MRK, MSFT, NFLX, NKE, NOW, NVDA, TSLA, TSM	AI, growth, healthcare, large cap, semiconductors, technology	AI infrastructure spending concerns weighed on some positions like Microsoft and Meta, while AI-driven demand supported Taiwan Semiconductor's advanced manufacturing nodes. The fund initiated a position in Amphenol to benefit from AI infrastructure connectivity needs. Eli Lilly recovered during the quarter amid renewed optimism about its GLP-1 obesity and diabetes franchise, supported by improved visibility on pricing. The company remains a key growth driver in the healthcare sector.	MRK APH	View
2024 Q4	Jan 21, 2025	The Bristol Gate U.S. Equity Strategy	-5.2%	9.1%	AMAT, AVGO, BN CN, MCHP, MCK, SJ CN, TFII CN, UNH, ZTS	-			View
2025 Q4	Jan 20, 2026	The Bristol Gate U.S. Equity Strategy	0.0%	0.0%	ACN, AMAT, AVGO, CARR, CTAS, GE, IBKR, LLY, MSFT, ODFL, TMO, UNH, ZTS	AI, dividends, healthcare, Quality, semiconductors, technology, value	Bristol Gate focuses on companies with robust free cash flows and disciplined capital allocation that deliver superior risk-adjusted returns through sustainable dividend policies. Portfolio companies grew dividends by 14.3% over the last twelve months compared to 5.6% for the S&P 500. The firm believes dividend growth rates are powerful predictors of total return and fastest dividend growers often outperform the broader dividend universe. Since ChatGPT's launch in late 2022, the market has experienced a seismic shift with investor capital concentrating heavily in AI leaders, creating narrow market breadth. Bristol Gate devotes significant resources to data science and machine learning in their investment approach, believing in AI's transformative power. However, their focus remains on identifying high dividend growth companies rather than over-concentrating in AI themes. Eli Lilly continues to benefit from the strength of its incretin portfolio, commanding 58% of the US incretin market and exiting Q3 with 71% of new prescriptions. The company raised annual guidance for the third time in 2025, with strength expected to continue into 2026 when its oral GLP-1 drug orforglipron hits the market in Spring. The oral alternative is expected to significantly expand the market globally due to ease of use, simpler supply chain, and lower cost. Applied Materials rose despite mixed results due to AI-driven demand optimism, specifically around advanced logic and high bandwidth memory chips. Management issued cautiously optimistic Q1 2026 outlook and forecast significant uplift in second half of calendar 2026 as spending shifts back toward AMAT's strengths. Analog semiconductor companies have been reporting improving results, signaling a shift in real-world manufacturing and consumer spending.	IBKR ZTS TMO AMAT LLY	View
2025 Q4	Jan 20, 2026	Sawgrass Asset Management – Large Cap Quality Growth	3.2%	0.0%	AMAT, AMD, AVGO, AZO, CMCSA, DHR, INCY, LLY, NOW, UTHR, WDAY, ZTS	AI, Biotechnology, growth, healthcare, Quality, Rotation, semiconductors, technology	Doubts about the circularity of AI revenue deals began to surface, with some chip stocks avoiding negative sentiment while software stocks were depressed by AI threats to subscription revenues. Investors posit that coming AI efficiencies could reduce future subscription volumes for software companies. Chip-related stocks helped portfolio performance as some avoided negative sentiment plaguing other AI/chip stocks. Advanced Micro Devices, Broadcom, and Applied Materials performed well despite broader concerns about AI revenue circularity. Biotech stocks contributed positively to strong Q4 performance as part of broad rotation into healthcare sector. Incyte and United Therapeutics were specifically mentioned as contributors to portfolio gains.		View
2025 Q4	Jan 20, 2026	Madison Dividend Income Fund	-0.2%	8.3%	AAPL, AMZN, AVGO, BLK, CME, CVX, GOOGL, HON, JNJ, MDT, META, MS, MSFT, NEE, NVDA, TSLA, UNP, XOM	defensives, dividends, income, large cap, Quality, value	The fund focuses on high-quality, above-average dividend yield stocks with sustainable competitive advantages. Portfolio holdings increased dividends by 6% on average over the past year, well above inflation rates. The fund's absolute portfolio dividend yield of 2.53% compares favorably to 1.12% for the S&P 500. Many dividend paying companies are historically cheap compared to the broad market. The relative yield of the Dividend Income Fund was 2.25x the S&P 500 at year-end, at the very high end of historical ranges. The equal weight S&P 500 is trading at just half the valuation level of the S&P 500. The fund maintains a high-quality portfolio with strong balance sheets that could protect on the downside in a market correction. 94% of fund holdings are rated A- or better by Standard & Poor's, which compares favorably to the S&P 500 at 35% and the Russell 1000 Value at 22%.		View
2025 Q4	Jan 20, 2026	Harding Loevner Global Small Companies	0.4%	8.5%	AAPL, ADBE, AMD, AMZN, AVGO, CRM, CSCO, GOOGL, IBM, INTC, META, MSFT, NFLX, NOW, NVDA, ORCL, PYPL, QCOM, TSLA, TXN	global, healthcare, momentum, Quality, small caps, technology, value	The manager emphasizes quality-growth investing that demands relentless skepticism toward market narratives and constant scrutiny of company fundamentals. They focus on financially strong, well-managed companies with durable competitive advantages operating in industries poised for long-term growth. The letter discusses how price momentum is a well-documented phenomenon where securities whose prices have risen are more likely to keep rising in the short run. When momentum takes hold, fundamentals usually fade from view while narratives are used to justify price moves. AI enthusiasm has lifted hardware and semiconductor stocks while weighing on shares of software and services holdings. The manager notes that many AI-related winners lack clear basis for continuing, with some companies barely connected to the AI theme benefiting from momentum. Gold is trading at its highest inflation-adjusted level in five decades, but it is a volatile commodity. Gold-mining companies have not had a great history of profitability other than when prices are unusually high, making the current rally questionable for long-term returns.	2344 TT DIA IM 298380 KS	View
2025 Q4	Jan 20, 2026	Harding Loevner Global Equity	1.9%	12.7%	0700.HK, 1299.HK, 2308.TW, 300124.SZ, 300760.SZ, 4519.T, 6758.T, 6861.T, ABBV, ACN, ADBE, ALFA.ST, AME, AMZN, APH, ASML, ATCO-A.ST, ATD.TO, ATKR, AVGO, BKNG, CME, COMP.L, CSGP, D05.SI, DE, DHR, DPLM.L, EFX, ELV, EPI-A.ST, FN, GMAB, GOOGL, HDFCBANK.NS, HEI, HLN.L, HON, JNJ, META, MSFT, NFLX, NOC, NVDA, PGR, ROG.SW, SAP, SGSN.SW, SHEL, SLB, SU.PA, TMO, TSM, TTD, TW, V, VRTX, WMMVY	AI, global, international, semiconductors, technology, value	AI represents a capital-expenditure regime with two distinct camps: hyperscalers investing in computing capacity and physical enablers of the buildout. The US market is more dependent on AI continuing to surprise to the upside due to richer valuations and concentrated exposure. Global semiconductor ecosystem enables AI buildout, spanning chip foundries, memory-chip makers, and equipment manufacturers. International markets are more heavily tilted toward this manufacturing and infrastructure provider segment. International markets trade at roughly half the multiples of US stocks, offering more attractive valuations. Non-US markets start from cheaper valuations and possess more diverse growth opportunities unrelated to AI.	GOOG	View
2025 Q4	Jan 19, 2026	Carillon Eagle Growth & Income Fund	0.0%	0.0%	ADI, AVGO, AZN, DUK, ETN, GS, HD, JPM, KO, LRCX, MCD, MSFT, ORCL, PG, PNC, RTX, TMUS	AI, Capital markets, earnings, growth, large cap, semiconductors, technology	AI-related investment remains robust and has the potential to broaden its impact across industries. The AI super-cycle continues to provide powerful support, yet it carries risks. Investor willingness to underwrite aggressive AI spending has cooled somewhat, and the debate over whether we are in an AI bubble has increased. Lam Research benefitted from improving sentiment regarding the importance of its products within the semiconductor capital spending market. As a leading provider of equipment tied to memory requirements for AI, Lam Research could have a long and healthy path to growth. Analog Devices pushed toward new all-time highs after solid earnings gave investors confidence that the analog cycle is now beyond its bottom. Earnings growth was the clear engine of the market's advance in 2025. Forward S&P 500 earnings are projected to rise 16% in 2026 over 2025. Bloomberg projects S&P 500 EPS growth of 16% in 2026, up from 15% in 2025 with 7 of 11 sectors expected to deliver double-digit gains. Goldman Sachs Group's shares contributed to fourth-quarter performance due to positive financial results, coupled with increased optimism regarding capital markets activity heading into 2026. Goldman Sachs maintains one of the strongest global merger and acquisition advisory and trading, with increased activity in M&A, initial public offerings, and debt issuance activity directly boosting its financial performance.		View
2025 Q4	Jan 18, 2026	Ithaka US Growth Strategy	-6.1%	4.5%	AMD, AMZN, AVGO, BX, CRDO, ELF, GOOG, HWM, ISRG, LLY, META, MRVL, NFLX, NOW, ORCL, SHOP, TTD, UBER, VEEV	AI, concentrated, growth, large cap, technology	The AI megatrend remains a vital secular tailwind with massive global investment providing significant economic buffer. 2026 will be the year of the Show Me phase where AI-driven revenue begins to offset massive capital expenditures. Companies are reporting tangible productivity gains from AI implementation across sectors, with examples including Uber's routing optimization, Howmet's manufacturing efficiency improvements, and Meta's conversion rate increases. AMD posted strong earnings and guided to 35% revenue CAGR driven by soon-to-be launched MI450 and MI500 series products, putting it in more direct competition with NVIDIA in rack scale architecture. The semiconductor sector continues to benefit from AI infrastructure buildout despite valuation concerns. Google Cloud Platform continues growing as part of Alphabet's diversified technology ecosystem. ServiceNow faces fears that software applications could be disintermediated by AI native products, driving multiple compression despite strong fundamental growth. Intuitive Surgical delivered massive earnings beat with da Vinci robotic surgical system continuing to generate high-margin recurring revenue from growing global installed base of 10,200 units. The MedTech sector has fallen out of favor with compressed valuations despite strong fundamentals. Netflix faced headwinds from surprise $83B bid to acquire Warner Bros Discovery requiring $50B in new debt, sparking leverage concerns and departure from traditional build-not-buy strategy. The company also faced $620M tax charge from Brazilian authorities dispute.	VEEV NOW GOOG AMD ISRG	View
2025 Q4	Jan 18, 2026	Davenport Core Leaders Fund	0.1%	10.7%	AAPL, ACN, ADBE, AMZN, AVGO, CTAS, EOG, GOOG, ISRG, META, MRVL, MSFT, NOW, NVDA, ROK, SPOT, UBER, UNH, UNP, VRTX	AI, diversification, large cap, Quality, risk management, technology, value	AI and technology stocks led market gains in 2025, with Nvidia up 38.87% after a 171.17% gain the prior year. A gold rush mindset developed across the AI ecosystem, spreading to speculative corners including MEME stocks and unprofitable AI/tech companies. However, there are risks around massive capital outlays for computing power and unclear paths to returns. The market was dominated by momentum-driven stories with little regard for valuation, particularly in AI and tech sectors. 18 of the top 20 performers in the Russell 3000 from April through November were unprofitable companies. Jumping on momentum bandwagons proved more fruitful than having differentiated perspectives or being valuation sensitive. The Fund emphasizes high return businesses with durable competitive advantages and management teams committed to long-term capital allocation. Strategy holdings are positioned to consistently compound intrinsic value across market conditions, staying grounded in business fundamentals rather than short-term market trends. The Fund remains purposefully diversified despite market leadership being narrow and focused on AI. This discipline reflects commitment to effective risk management and appropriate diversification, which weighed on relative performance but positions the Fund well for various market scenarios.	MRVL CTAS GOOG	View
2025 Q4	Jan 16, 2026	Janus Henderson Forty Fund	0.3%	18.4%	AAPL, AMZN, ARGX, AVGO, DHR, ETN, GOOGL, LLY, MA, MDGL, MELI, MSFT, NVDA, ORCL, TSM	AI, Cloud, growth, healthcare, large cap, Pharmaceuticals, technology	AI remains a strong driver of returns with Oracle emerging as a leading player through its hyperscale market position and AI partnerships. The multi-year AI adoption trajectory remains on track with demand outpacing available capacity. Revenue-generating opportunities are moving beyond infrastructure into the application layer, creating new investment opportunities and productivity advances. Power companies are capitalizing on rapid expansion of data center capacity to support AI. Eaton provides energy-efficient power management solutions for data centers, representing a multi-year market opportunity despite near-term production bottlenecks and margin concerns from capital spending. Eli Lilly reported strong results fueled by accelerating sales growth for blockbuster GLP-1 weight loss products Mounjaro and Zepbound. The company has promising pipeline drugs including orforglipron and retatrutide, with government pricing agreements potentially expanding market access for Medicare and Medicaid users. Oracle's cloud business has signed several multibillion-dollar contracts leading to large increases in remaining performance obligations. The company remains well positioned to benefit from ongoing AI capacity buildout due to technological advantages and strategic business relationships, despite market concerns about funding and customer concentration. The fund sees opportunities tied to reshoring of manufacturing capacity in industries from semiconductors to pharmaceuticals as part of broader secular trends transforming the economy.	MDGL LLY ETN ORCL	View
2025 Q4	Jan 14, 2026	Emerald Wealth Partners – Focused Equity Strategy	2.1%	13.2%	1179.HK, 8035.T, AHT.L, AMAT, AMZN, ASML, AVGO, BLK, CB, CSU.TO, DE, DEO, GOOGL, LMT, LSEG.L, MSFT, NOW, ORCL, SHEL, TMO	AI, China, Quality, semiconductors, technology, Trade Policy, value	AI dominated 2025 with massive data center investment announcements including OpenAI's $300 billion commitment and Meta's five-gigawatt Hyperion data center. The manager sees AI driving demand for semiconductor tools and custom chips, positioning companies like Applied Materials, ASML, and Broadcom to benefit from the infrastructure buildout. Semiconductor companies were top performers with Applied Materials up 59.6% and ASML up 55.8%. The manager emphasizes the bright prospects for chip design tools given silicon requirements for AI deployment, while also initiating Broadcom for its custom chip capabilities serving cloud hyperscalers. Trump announced the highest tariffs since the 1930s, with effective rates settling around 17% after negotiations. This triggered initial market corrections but companies adapted by flexing supply chains, with macroeconomic consequences remaining benign on inflation and GDP fronts. China had a strong year with the Hang Seng up 32% as investors warmed to signals that regulatory tightening was over. Chinese tech companies demonstrated ability to deploy AI efficiently at lower costs despite GPU restrictions, while valuations became attractive after years of consolidation. The manager focuses on high-quality compounders trading at discounts after being left out of the AI rally. They target companies generating strong free cash flow with high ROIC that can redeploy capital effectively, finding opportunities in unloved sectors and geographies like Swiss stocks at multi-year valuation lows.		View
2025 Q4	Jan 14, 2026	Emerald Wealth Partners – Growth Equity Strategy	3.0%	16.0%	0700.HK, 6857.T, 8035.T, AAPL, AMZN, ASML, AVGO, AZN.L, BABA, FTNT, GOOGL, META, MSFT, NOW, NVDA, ORCL, TMO, TSM	AI, China, Cloud, cybersecurity, growth, infrastructure, semiconductors, technology	AI continues to show rapid progress with Google's Gemini 3 representing a significant leap in capabilities. The manager believes we may be nearing a Barnes & Noble moment where widespread business adoption accelerates, similar to internet adoption after 1995. They maintain strategic positioning in AI infrastructure companies with strong moats. Semiconductor equipment holdings drove strong Q4 performance, benefiting from improving industry outlooks and attractive valuations. The manager reduced underweight in Nvidia while favoring Broadcom's ASIC strategy, expecting custom silicon to gain market share in AI data centers. Following extensive research including a field trip, the manager re-entered Chinese technology and e-commerce through Alibaba and Tencent. They believe the regulatory environment has shifted from crackdown to active support, creating opportunities to buy excellent businesses at compelling valuations despite ongoing geopolitical tensions. Cloud infrastructure remains critical to AI deployment with companies like Alibaba holding 30% of China's cloud market and integrating AI capabilities. The manager sees cloud as essential infrastructure for the AI ecosystem with substantial growth runway as penetration remains below Western markets. The manager added back to Fortinet following 40% underperformance, seeing the company positioned to benefit from secular tailwinds in cybersecurity and vendor consolidation. Strong customer switching costs and network effects support continuous market share gains despite recent volatility.		View
2025 Q4	Jan 13, 2026	AVI Global Trust	0.0%	-0.9%	000660.KS, 004800.KS, 005930.KS, 028260.KS, 207940.KS, 4527.T, 6727.T, 9531.T, AVGO, CHRY.L, FRAS.L, J36.SI, NVDA, NWSA, VIV.PA	Biotechnology, Discounts, Holding Companies, Korea, NAV, semiconductors, technology, value	Samsung Electronics has made material progress in improving HBM competitiveness, with latest HBM4 chips achieving top performance scores in Nvidia and Broadcom testing. The company is positioned to capture 30%+ global HBM market share in 2026 versus mid-teens in 2025. Global supply shortage for both HBM and traditional memory chips is creating strong pricing power. Samsung Biologics manufactures antibodies on behalf of global pharmaceutical companies, generating 90% of revenues from large-scale antibody production. The company generates EBIT margins of 50% versus peers at 20-25% and operates one of the world's largest biomanufacturing facilities. Biologics is positioned to compound earnings at mid-teens rates through to 2032. Starling Bank's banking-as-a-service platform Engine won a deal with Scotiabank's digital bank, marking Engine's first North American client. The deal is viewed as transformational in the context of the business's existing revenues. Management painted an optimistic picture for Engine's sales pipeline at a recent fintech conference.	028260 KS CHRY LN	View
2025 Q4	Jan 13, 2026	Mar Vista US Quality Select	0.2%	12.8%	AAPL, AMZN, APH, AVGO, CRM, DHR, EFX, GOOG, JNJ, LIN, META, MSFT, NFLX, NVDA, ORCL, ROP, SAP, TSM, V	AI, Cloud, growth, large cap, Quality, semiconductors, Streaming, technology	The structural shift driven by Artificial Intelligence is transitioning from proof-of-concept to demonstrable return on investment. Early monetization is visible in advertising, cloud computing, and semiconductors. Companies deploying AI infrastructure are seeing tangible improvements in ROIC through more efficient ad targeting and premium AI cloud services. Cloud computing continues to be a key beneficiary of AI infrastructure deployment. Google Cloud emerged as a standout performer with 34% revenue growth and $155 billion backlog. Microsoft's Azure platform remains capacity-constrained with accelerating growth and increasing adoption of Copilot offerings. Taiwan Semiconductor represents the dominant manufacturer for leading fabless chip designers including NVIDIA, Apple, and Broadcom. The global arms race to develop artificial general intelligence will support multiple years of robust growth for foundries with leading-edge capabilities. Netflix has built a durable economic moat around its globally-scaled streaming business. With more than 300 million members, Netflix enjoys the lowest content cost per subscriber in the industry, enabling it to profitably outspend rivals and accelerate its competitive flywheel.		View
2025 Q4	Jan 12, 2026	ClearBridge Investment Growth Strategy	-	-	ALNY, AVGO, DLB, DOCS, ELF, FCX, HLT, HOOD, MSGE, MSGS, ODFL, ONON, SHOP, TEL, TJX, TKO, UNH, VRTX, VST, XPO	AI, balance, growth, innovation, semiconductors, technology, volatility	The letter outlines a balanced growth approach combining participation in AI-driven momentum with downside protection through diversified stock selection. Emphasis is placed on companies with durable fundamentals, innovation-led growth, and disciplined capital allocation. Growth investing is positioned as increasingly selective amid heightened volatility and dispersion.	ELF SHOP	View
2025 Q4	Jan 11, 2026	Horizon Kinetics	0.0%	0.0%	AAPL, AMD, AMZN, AVGO, GOOGL, ICE, LB, META, MIAX, MSFT, NVDA, ORCL, STR, TPL, VNOM, WTTR	AI, Compounding, energy, Exchanges, long-term, private markets, value, water	The firm avoids direct AI-IT company investments but focuses on beneficiaries of AI infrastructure buildout. They invest in companies controlling necessary resources like natural gas, water, and land for data centers rather than the technology companies themselves. Significant focus on Permian Basin investments through TPL, LandBridge, and WaterBridge. The firm emphasizes water handling infrastructure and land ownership as critical limiting factors for oil production in the region. Long history of investing in securities exchanges from TPL to MIAX to ICE. The firm views exchanges as blue-chip businesses with near-perpetual longevity that don't fail or get displaced. Core philosophy centers on long-horizon value investing with focus on making time work for investors through unbroken compounding. Emphasis on high sustainable return on equity and margin of safety. Water infrastructure is highlighted as a critical limiting factor for both oil production and data center operations. WaterBridge represents a key investment in water handling and disposal infrastructure.		View
2024 Q3	Sep 30, 2024	Baron Opportunity Fund	4.0%	25.1%	AVGO, CRWD, DUOL, GDS, GWRE, INDI, MBLY, META, MSFT, NVDA, PAR, TEAM, TSLA	-			View
2024 Q3	Sep 30, 2024	Columbia Global Technology Growth Fund	-0.9%	0.0%	AAPL, AVGO, CRWD, ORCL, SNPS	-			View
2024 Q3	Sep 30, 2024	Columbia Seligman Global Technology Fund	1.0%	0.0%	AAPL, AVGO, GDDY, GOOG, NVDA, ORCL, SMTC	-			View
2024 Q3	Sep 30, 2024	Barometer Capital Management Inc.	-	-	AVGO, BWXT, CCO, CIBC, GE, HWM, NEE, NVDA, PGR, QCOM, TRP, VLO	-			View
2023 Q2	Aug 19, 2023	FPA Crescent Fund	3.7%	12.8%	AVGO, OTEX	-			View
2024 Q2	Jul 31, 2024	PGIM Jennison Global Opportunities Fund	2.0%	23.0%	AAPL, AMD, AVGO, DIS, ETN, FICO, LLY, MC FP, MDB, NVDA, NVO	-			View
2023 Q2	Jul 28, 2023	Aristotle Core Equity Fund	2.9%	21.3%	ADPT, AVGO, CTLT, DIS, EL, GH, NFLX, SNPS	-			View
2024 Q2	Jun 30, 2024	Mar Vista Focus Fund	3.4%	0.0%	AAPL, AVGO, CRM, DIS, GOOG, META, MSFT, NKE, NVDA	-			View
2024 Q2	Jun 30, 2024	Mar Vista Global Equity Fund	7.2%	-	0NIQ LN, AAPL, AVGO, CRM, DIS, GOOG, LIN, META, ORCL	-			View
2024 Q2	Jun 30, 2024	Mar Vista Strategic Growth Fund	5.5%	0.0%	AAPL, AVGO, CMR, DIS, GOOG, META, NKE, SBUX	-			View
2024 Q2	Jun 30, 2024	Baron Opportunity Fund	4.0%	25.1%	AAPL, AMZN, AVGO, CSGP, EXAS, GWRE, IOT, MSFT, NVDA, TSM, VKTX, WDAY	-			View
2024 Q2	Jun 30, 2024	Columbia Global Technology Growth Fund	-0.9%	0.0%	AAPL, AMD, AVGO, CRM, NVDA	-			View
2024 Q2	Jun 30, 2024	Columbia Seligman Global Technology Fund	1.0%	0.0%	AVGO, BE, GDDY, GOOG, GPN, MSFT, NVDA, ORCL, TER	-			View
2024 Q2	Jun 30, 2024	Miller Howard Investments Income-Equity Strategies	3.6%	0.0%	AVGO, CAG, RHI	-			View
2023 Q2	Jun 30, 2023	Barometer Capital Management Inc.	-	-	AVGO, COST, DIS, DOL, EFN, L, LLY, MSFT, NVDA, TOY, TRI	-			View
2025 Q1	Apr 14, 2025	Parnassus Core Equity Fund	-2.4%	-2.4%	AMD, AMZN, AVGO, AZO, BRO, CI, CRM, DE, DHI, ICE, MAR, SNPS, VZ, WM	-			View
2025 Q1	Apr 14, 2025	Parnassus Value Equity Fund	-2.0%	-2.0%	A, ALGN, AMD, AMZN, AVGO, BIO, CI, DE, GILD, GOOG, JPM, PGR, ROST, VZ	-			View
2025 Q1	Mar 31, 2025	Mar Vista Global Equity Fund	-3.0%	-3.0%	AVGO, BRK/A, CRM, MSFT, NESN SW, NVDA, SAF FP	-			View
2025 Q1	Mar 31, 2025	Aristotle Atlantic Core Equity Strategy	-6.0%	-6.0%	ADI, AVGO, GH, ICE, NOW	-			View
2023 Q1	Mar 31, 2023	Barometer Capital Management Inc.	-	-	AVGO, CS CN, NVDA, ORCL	-			View
2024 Q4	Feb 24, 2025	Mar Vista Global Equity Fund	-3.3%	12.7%	AMT, AMZN, ASML, AVGO, CRM, DIS, NESN SW, NZM GR	-			View
2022 Q4	Jan 31, 2023	Aristotle Core Equity Fund	2.9%	21.3%	AME, AR, AVGO, CTLT, GTLS	-			View
2024 Q4	Jan 30, 2025	Aristotle Core Equity Fund	3.9%	26.0%	8495 TT, AVGO, AVY, CI, CRWD, GTLS, MCHP, SPR	-			View
2024 Q4	Jan 17, 2025	Carillon Eagle Growth & Income Fund	-	-	AVGO, BBY, BKRP, EMN, GS, JPM, MDLZ, PLD, TGT, WSM	-			View
2024 Q4	Jan 16, 2025	Polen Capital – Focus Growth	4.7%	16.1%	ADBE, AMZN, AVGO, CSGP, LLY, NFLX, NOW, ORCL, SHOP, TMO, TSLA, ZTS	-			View

Pitches With This Ticker

Date	Pitch Type	Author	Company	Industry	Sub Industry	Bull / Bear	Stock Exchange	Keywords	Action
Mar 16, 2026	Substack	Rijnberk Invest Insights	Broadcom Inc.	Technology	Semiconductors	Bull	Nasdaq Stock Market	AI infrastructure, AI silicon, Broadcom, custom semiconductors, Free Cash Flow, Google, hyperscalers, market share, META, Networking	View Pitch
Feb 26, 2026	Fund Letters	Alan Breed	Broadcom Inc.	Information Technology	Semiconductors	Bull	NASDAQ	AI infrastructure, capital return, custom silicon, Free Cash Flow, hyperscalers, Software	View Pitch
Feb 21, 2026	Fund Letters	HRISHIKESH (HK) GUPTA	Broadcom Inc.	Information Technology	Semiconductor Designers	Bull	NASDAQ	Custom Asics, inference, Margins, Networking, recurring revenue	View Pitch
Feb 21, 2026	Fund Letters	Tucker Brown	Broadcom Inc	Information Technology	Semiconductors	Bull	NASDAQ	AI, inference, infrastructure, Margins, semiconductors	View Pitch
Feb 21, 2026	Fund Letters	Alex Umansky	Broadcom Inc.	Semiconductors & Semiconductor Equipment	Semiconductors	Bull	NASDAQ	accelerators, AI, backlog, diversification, hyperscalers, infrastructure, Margins, semiconductors, Software	View Pitch
Feb 4, 2026	Fund Letters	Alex Umansky	Broadcom Inc.	Information Technology	Semiconductors	Bull	NASDAQ	AI, backlog, Margins, Networking, semiconductors	View Pitch
Jan 28, 2026	Fund Letters	KEN STUZI	Broadcom Inc.	Information Technology	Semiconductors	Bull	NASDAQ	AI infrastructure, cashflow, custom silicon, hyperscalers, Networking	View Pitch
Jan 28, 2026	Fund Letters	Thomas Küpfer	Broadcom Inc.	Information Technology	Semiconductors	Bull	NASDAQ	AI infrastructure, Asic, hyperscalers, Networking, semiconductors	View Pitch
Jan 28, 2026	Fund Letters	Thomas Küpfer	Broadcom Inc.	Information Technology	Semiconductors	Bull	NASDAQ	AI infrastructure, Asic, data centers, Networking, semiconductors	View Pitch
Jan 24, 2026	Fund Letters	Frank M. Sands	Broadcom Inc.	Information Technology	Semiconductors & Semiconductor Equipment	Bull	NASDAQ	accelerators, AI, Cyclicality, Demand, hyperscalers, Margins, Networking	View Pitch
Jan 24, 2026	Fund Letters	Emerson Bluhm	Broadcom Inc.	Semiconductors	Semiconductor Infrastructure	Bull	NASDAQ	Ai Scaling, custom silicon, data centers, Ethernet, Networking	View Pitch
Jan 24, 2026	Fund Letters	Allen T. Bond	Broadcom Inc.	Information Technology	Semiconductors	Bull	NASDAQ	Asic, Concentration, datacenter, Networking, semiconductors, Volatility	View Pitch
Jan 22, 2026	Twitter / X	@Wiseman_Cap	Broadcom Inc.	Information Technology	Semiconductors & Semiconductor Equipment	Bull	NASDAQ	Broadcom, Connectivity, Custom, Ethernet, semiconductors, Silicon, Simulation, Xpu	View Pitch
Jan 15, 2026	Seeking Alpha	Seeking Alpha	Broadcom Inc.	Semiconductors	Semiconductor Equipment & Materials	Bull	NASDAQ Stock Market	AI growth, ASICs, Broadcom, forward P/E ratio, Google, META, NVIDIA, organic growth, semiconductor solutions, TPUs	View Pitch
Jan 15, 2026	Seeking Alpha	Seeking Alpha	Broadcom Inc.	Semiconductors	Semiconductor Manufacturing	Bull	NASDAQ Stock Market	AI growth, cash flow, custom chips, infrastructure software, margin expansion, order bookings, price target, sales growth, semiconductor sales, valuation	View Pitch
Jan 9, 2026	Fund Letters	John Baldi	Broadcom Inc.	Information Technology	Semiconductors	Bull	NASDAQ	AI, ASICs, Capitaldiscipline, Margins, semiconductors	View Pitch
Jan 8, 2026	Fund Letters	Nick Schommer	Broadcom Inc.	Information Technology	Electronic Components	Bull	NASDAQ	AI, custom silicon, efficiency, hyperscalers, semiconductors	View Pitch
Jan 8, 2026	Fund Letters	Scott LaBreche	Broadcom Inc.	Information Technology	Semiconductors & Semiconductor Equipment	Bull	NASDAQ	AI, Asic, cashflow, datacenters, growth, Margins, semiconductors	View Pitch
Jan 8, 2026	Fund Letters	Michael E. Schroer	Broadcom Inc.	Information Technology	Semiconductors	Bull	NASDAQ	AI, cashflow, growth, hyperscalers, Networking, semiconductors	View Pitch
Jan 8, 2026	Fund Letters	Silas Myers	Broadcom Inc.	Information Technology	Semiconductors & Semiconductor Equipment	Bull	NASDAQ	AI, ASICs, cashflow, hyperscalers, Margins, semiconductors	View Pitch
Jan 8, 2026	Fund Letters	Silas Myers	Broadcom Inc.	Information Technology	Semiconductors	Bull	NASDAQ	AI, ASICs, datacenter, hyperscalers, semiconductors	View Pitch
Jan 8, 2026	Fund Letters	Achilleas Taxildaris	Broadcom Inc.	Information Technology	Semiconductors	Bull	NASDAQ	AI, datacenters, hyperscalers, Margins, Networking, semiconductors, Software	View Pitch
Dec 5, 2025	Fund Letters	Rahul Narang	Broadcom Inc.	Information Technology	Semiconductors	Bull	NASDAQ	AI, ASICs, growth, hyperscalers, semiconductors	View Pitch
Dec 5, 2025	Fund Letters	Robert Feitler	Broadcom Inc.	Information Technology	Semiconductors	Bull	NASDAQ	AI, cashflow, Pricing, semiconductors, Software	View Pitch
Dec 5, 2025	Fund Letters	John Baldi	Broadcom Inc.	Information Technology	Semiconductors	Bull	NASDAQ	AI, cashflow, semiconductors, Software, valuation	View Pitch
Dec 3, 2025	Fund Letters	Christopher Smith	Broadcom Inc.	Information Technology	Semiconductors	Bull	NASDAQ	ASICs, CapEx, datacenters, hyperscalers, infrastructure, leadership, Margins, Networking, Switching	View Pitch
Dec 3, 2025	Fund Letters	Owen Fitzpatrick	Broadcom Inc.	Information Technology	Semiconductors	Bull	NASDAQ	AI, buybacks, diversification, dividend, Freecashflow, Margins, Networking, semiconductors	View Pitch
Dec 3, 2025	Fund Letters	Owen Fitzpatrick	Broadcom Inc.	Information Technology	Semiconductors	Bull	NASDAQ	AI, buybacks, diversification, dividend, Freecashflow, Margins, Networking, semiconductors	View Pitch
Dec 3, 2025	Fund Letters	Rahul Narang	Broadcom Inc	Information Technology	Semiconductors	Bull	NASDAQ	AI, backlog, custom silicon, Networking, semiconductors	View Pitch
Nov 29, 2025	Fund Letters	Achilleas Taxildaris	Broadcom Inc.	Information Technology	Semiconductors	Bull	NASDAQ	AI, backlog, data centers, growth, hyperscalers, Margins, Networking, semiconductors	View Pitch
Nov 29, 2025	Fund Letters	Dan Davidowitz	Broadcom Inc.	Information Technology	Semiconductors	Bull	NASDAQ	custom silicon, diversification, margin expansion, Networking, Pricing power	View Pitch
Nov 29, 2025	Fund Letters	Garvin Jabusch	Broadcom Inc.	Information Technology	Semiconductors	Bull	NASDAQ	AI, cloud infrastructure, Diversity, energy efficiency, Governance, semiconductors, Vmware	View Pitch
Nov 29, 2025	Fund Letters	Jonathan Reichek	Broadcom Inc.	Information Technology	Semiconductors	Bull	NASDAQ	AI, dividends, growth, Margins, Networking, semiconductors, Software	View Pitch
Nov 29, 2025	Fund Letters	Michael A. Lippert	Broadcom Inc.	Information Technology	Data center & networking semiconductors	Bull	NASDAQ	AI infrastructure, ASICs, buybacks, capital allocation, data centers, dividends, Free Cash Flow, semiconductors	View Pitch
Nov 29, 2025	Fund Letters	Olivia Treharne	Broadcom Inc.	Information Technology	Semiconductors	Bull	NASDAQ	AI, data centers, growth, Integration, profitability, semiconductors, Software	View Pitch
Nov 29, 2025	Fund Letters	John Baldi	Broadcom Inc.	Information Technology	Semiconductors	Bull	NASDAQ	AI, cash flow, dividends, growth, infrastructure, semiconductors	View Pitch
Nov 29, 2025	Fund Letters	Vimal Patel	Broadcom Inc.	Information Technology	Semiconductors	Bull	NASDAQ	AI, Asic, data centers, Free Cash Flow, hyperscale, semiconductors	View Pitch
Nov 29, 2025	Fund Letters	Achilleas Taxildaris	Broadcom Inc.	Information Technology	Semiconductors	Bull	NASDAQ	AI, backlog, data centers, growth, hyperscalers, Margins, Networking, semiconductors	View Pitch
Nov 28, 2025	Fund Letters	Garvin Jabusch	Broadcom Inc.	Information Technology	Semiconductors	Bull	NASDAQ	AI, cloud infrastructure, Diversity, energy efficiency, Governance, semiconductors, Vmware	View Pitch
Nov 28, 2025	Fund Letters	Jonathan Reichek	Broadcom Inc.	Information Technology	Semiconductors	Bull	NASDAQ	AI, dividends, growth, Margins, Networking, semiconductors, Software	View Pitch
Nov 28, 2025	Fund Letters	Olivia Treharne	Broadcom Inc.	Information Technology	Semiconductors	Bull	NASDAQ	AI, data centers, growth, Integration, profitability, semiconductors, Software	View Pitch
Nov 28, 2025	Fund Letters	Vimal Patel	Broadcom Inc.	Information Technology	Semiconductors	Bull	NASDAQ	AI, Asic, data centers, Free Cash Flow, hyperscale, semiconductors	View Pitch
Oct 28, 2025	Seeking Alpha	Seeking Alpha	Broadcom Inc.		Semiconductors	Bull		AI chips, Broadcom, custom chips, earnings growth, enterprise spending, Gen AI, investment thesis, market position, semiconductors, technology	View Pitch
Sep 21, 2025	Substack	Rijnberk Invest Insights	Broadcom Inc.	Technology	Semiconductors	Bull		AI revolution, custom AI accelerators, Customer concentration, Enterprise software, Free Cash Flow, growth potential, Hock Tan, hyperscalers, networking chips, semiconductors	View Pitch
Sep 1, 2025	Seeking Alpha	Seeking Alpha	Broadcom Inc.		Semiconductors	Neutral		AI growth, Broadcom, data center hardware, earnings surprise, Hold rating, market sentiment, Nvidia comparison, S&P 500, semiconductors, valuation ratios	View Pitch
Aug 13, 2025	Seeking Alpha	Moats and Monopolies	Broadcom Inc.	Information Technology	Semiconductors	Bull	NasdaqGS	—	View Pitch
Aug 13, 2025	Seeking Alpha	Bay Area Ideas	Broadcom Inc.	Information Technology	Semiconductors	Neutral	NASDAQ	—	View Pitch
Aug 13, 2025	Seeking Alpha	ClearBridge Investments	Broadcom Inc.	Other	-	Bull	NASDAQ	—	View Pitch
Aug 13, 2025	Seeking Alpha	Royston Roche	Broadcom Inc.	Information Technology	Semiconductors	Bull	NASDAQ	—	View Pitch
Aug 8, 2025	Seeking Alpha	Envision Research	Broadcom Inc.	Information Technology	Semiconductors	Bull	NASDAQ	—	View Pitch
Aug 8, 2025	Seeking Alpha	Yiannis Zourmpanos	Broadcom Inc.	Information Technology	Semiconductors	Bull	NASDAQ	—	View Pitch
Aug 8, 2025	Seeking Alpha	KM Capital	Broadcom Inc.	Information Technology	Semiconductors	Bull	NASDAQ	—	View Pitch
Aug 8, 2025	Seeking Alpha	Michael Del Monte	Broadcom Inc.	Information Technology	Semiconductors	Bull	NASDAQ	—	View Pitch
Aug 8, 2025	Seeking Alpha	Mar Vista Investment Partners	Broadcom Inc.	Information Technology	Semiconductors	Bull	NasdaqGS	—	View Pitch
Aug 7, 2025	Seeking Alpha	First Principles Partners	Broadcom Inc.	Information Technology	Semiconductors	Bull	NASDAQ	—	View Pitch
Aug 7, 2025	Seeking Alpha	Doodad Capital	Broadcom Inc.	Information Technology	Semiconductors	Bull	NasdaqGS	—	View Pitch
Aug 7, 2025	Seeking Alpha	The Alpha Oracle	Broadcom Inc.	Information Technology	Semiconductors	Bull	NASDAQ	—	View Pitch

BSD Shareholders of AVGO

This report provides a detailed summary of investor holdings for a specified stock ticker, highlighting key metrics such as fund name, total assets under management (AUM), invested value, portfolio weight, and shares owned. It also tracks changes in share ownership during the last quarter, including the percentage of shares bought or sold and the percentage of outstanding shares owned. The data is generated using an API that processes investor holdings and calculates these values for each fund. This report helps investors and analysts monitor the stock positions of major funds, identify investment trends, and assess the influence of large investors on individual stocks.

Filing Date: September 30, 2025

Manager Name	Fund Name	Fund AUM	Invested Value	Portfolio Weight	Shares Owned	Shares Bought / Sold During Quarter	% Bought / Sold During Quarter	% of Shares Outstanding Owned
No investor data available.

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