GENEVA CAPITAL MANAGEMENT LLC

GENEVA CAPITAL MANAGEMENT LLC declares $749.7M in 16 of the 230 AI and semiconductor companies tracked on Silicon Floor, as of Jun 30, 2026 (Form 13F): 17.2% of its $4.4B 13F portfolio. Largest positions: Onto Innovation (0.99% of the company) and AAON (1.5% of the company). Over time: $749.7M in 16 of these companies for Q2 2026, against $239.0M in 11 for Q1 2020 (13F values as filed). From Mar 31, 2026 to Jun 30, 2026, it bought $105,432.00 and sold $255.6M of these stocks, at the quarter's prices: a net sale of $255.5M.

Performance of its AI picks

The AI-stock portfolio GENEVA CAPITAL MANAGEMENT LLC declared for Q2 2026 (Form 13F), held unchanged, returned -17.9% in Q3 2026 (SMH -7.1%), ranked 1733 of 1,783 active managers. Over the last 12 months, quarter after quarter: +45.1% (SMH +87.2%), ranked 213 of 1,359 active managers. Over three years, quarter after quarter: +117.2% (SMH +325.8%), ranked 643 of 783 active managers. Over five years, quarter after quarter: +101.2% (SMH +389.8%), ranked 490 of 535 active managers. Trades made during a quarter are not visible in 13F filings: this measures its declared picks, not the return of its funds.

Largest positions

1. Onto Innovation (ONTO) — $184.2M: 486,692 shares, 0.99% of the company, 4.2% of its portfolio (trimmed this quarter); held since Q1 2021
2. AAON (AAON) — $152.3M: 1.2M shares, 1.5% of the company, 3.5% of its portfolio (trimmed this quarter); held since Q1 2020
3. MACOM (MTSI) — $96.1M: 252,722 shares, 0.33% of the company, 2.2% of its portfolio (trimmed this quarter); held since Q2 2025
4. SPX Technologies (SPXC) — $74.7M: 304,729 shares, 0.61% of the company, 1.7% of its portfolio (trimmed this quarter); held since Q3 2023
5. Keysight Technologies (KEYS) — $71.1M: 202,970 shares, 0.12% of the company, 1.6% of its portfolio (trimmed this quarter); held since Q1 2020
6. Monolithic Power (MPWR) — $45.0M: 32,563 shares, 0.07% of the company, 1.0% of its portfolio (trimmed this quarter); held since Q1 2020
7. Amphenol (APH) — $39.7M: 450,174 shares, 0.02% of the company, 0.91% of its portfolio (trimmed this quarter); held since Q1 2020
8. Cadence (CDNS) — $31.4M: 83,601 shares, 0.03% of the company, 0.72% of its portfolio (trimmed this quarter); held since Q2 2022
9. Datadog (DDOG) — $30.1M: 115,761 shares, 0.03% of the company, 0.69% of its portfolio (trimmed this quarter); held since Q1 2025
10. EPAM (EPAM) — $7.3M: 92,539 shares, 0.18% of the company, 0.17% of its portfolio (trimmed this quarter); held since Q1 2020
11. Generac (GNRC) — $5.2M: 17,863 shares, 0.03% of the company, 0.12% of its portfolio (trimmed this quarter); held since Q4 2020
12. Intuit (INTU) — $4.9M: 18,913 shares, 0.01% of the company, 0.11% of its portfolio (trimmed this quarter); held since Q1 2020
13. Alphabet (GOOGL) — $2.8M: 7,924 shares, 0.00% of the company, 0.06% of its portfolio (trimmed this quarter); held since Q1 2020
14. Marvell (MRVL) — $2.2M: 7,540 shares, 0.00% of the company, 0.05% of its portfolio (trimmed this quarter); held since Q2 2021
15. Microsoft (MSFT) — $1.7M: 4,573 shares, 0.00% of the company, 0.04% of its portfolio (trimmed this quarter); held since Q1 2020

By sector

• Equipment & test — $255.2M, 34% of its AI holdings, 2 companies
• Power, electrical & cooling — $232.3M, 31% of its AI holdings, 3 companies
• Interconnect — $135.8M, 18% of its AI holdings, 2 companies
• AI software — $74.5M, 10% of its AI holdings, 5 companies
• Chips & compute — $47.3M, 6% of its AI holdings, 2 companies
• Cloud & AI giants — $4.5M, 1% of its AI holdings, 2 companies

Biggest changes this quarter

• trimmed Onto Innovation (ONTO): -$83.0M at the quarter's price
• trimmed AAON (AAON): -$66.1M at the quarter's price
• trimmed MACOM (MTSI): -$34.6M at the quarter's price
• trimmed SPX Technologies (SPXC): -$20.5M at the quarter's price
• trimmed Keysight Technologies (KEYS): -$15.0M at the quarter's price
• trimmed Amphenol (APH): -$12.9M at the quarter's price
• trimmed Monolithic Power (MPWR): -$9.9M at the quarter's price
• trimmed Marvell (MRVL): -$5.6M at the quarter's price
• trimmed Intuit (INTU): -$2.2M at the quarter's price
• trimmed Cadence (CDNS): -$2.2M at the quarter's price

Other holders of this size

• Vanguard — $3.6T in 225 of these companies
• BlackRock — $3.1T in 226 of these companies
• State Street — $1.6T in 222 of these companies
• Fidelity (FMR) — $1.2T in 223 of these companies
• Geode Capital — $890.9B in 220 of these companies
• Capital Group — $881.7B in 132 of these companies
• JPMorgan — $717.8B in 225 of these companies
• Invesco — $683.3B in 220 of these companies

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