FERNBRIDGE CAPITAL MANAGEMENT LP
FERNBRIDGE CAPITAL MANAGEMENT LP declares $617.0M in 6 of the 220 AI and semiconductor companies tracked on Silicon Floor, as of Jun 30, 2026 (Form 13F): 45.2% of its $1.4B 13F portfolio. Largest positions: Salesforce (0.23% of the company) and Intuit (0.16% of the company). Over time: $617.0M in 6 of these companies for Q2 2026, against $222.7M in 5 for Q4 2020 (13F values as filed). From Mar 31, 2026 to Jun 30, 2026, it bought $65.6M and sold $23.6M of these stocks, at the quarter's prices: a net purchase of $42.0M; 2 new positions.
Performance of its AI picks
The AI-stock portfolio FERNBRIDGE CAPITAL MANAGEMENT LP declared for Q2 2026 (Form 13F), held unchanged, returned +24.8% in Q3 2026 (SMH -7.1%), ranked 3 of 1,776 active managers. Over the last 12 months, quarter after quarter: -11.6% (SMH +87.2%). Over three years, quarter after quarter: +42.0% (SMH +325.8%). Over five years, quarter after quarter: +43.6% (SMH +389.8%). Trades made during a quarter are not visible in 13F filings: this measures its declared picks, not the return of its funds.
Largest positions
- Salesforce (CRM) — $302.1M: 1.9M shares, 0.23% of the company, 22.1% of its portfolio (trimmed this quarter); held since Q1 2022
- Intuit (INTU) — $108.4M: 415,261 shares, 0.16% of the company, 7.9% of its portfolio (trimmed this quarter); held since Q3 2022
- Amazon (AMZN) — $90.3M: 378,966 shares, 0.00% of the company, 6.6% of its portfolio (added this quarter); held since Q2 2023
- Broadcom (AVGO) — $54.5M: 144,403 shares, 0.00% of the company, 4.0% of its portfolio (trimmed this quarter); held since Q1 2026
- NVIDIA (NVDA) — $38.8M: 193,818 shares, 0.00% of the company, 2.8% of its portfolio (new position this quarter)
- TSMC (TSM) — $22.9M: 47,847 shares, 0.00% of the company, 1.7% of its portfolio (new position this quarter)
By sector
- AI software — $410.5M, 67% of its AI holdings, 2 companies
- Chips & compute — $116.2M, 19% of its AI holdings, 3 companies
- Cloud & AI giants — $90.3M, 15% of its AI holdings, 1 company
Biggest changes this quarter
- opened a position in NVIDIA (NVDA): +$38.8M at the quarter's price
- opened a position in TSMC (TSM): +$22.9M at the quarter's price
- trimmed Intuit (INTU): -$21.9M at the quarter's price
- added to Amazon (AMZN): +$4.0M at the quarter's price
- trimmed Broadcom (AVGO): -$1.6M at the quarter's price
- trimmed Salesforce (CRM): -$139,584.00 at the quarter's price
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