HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC

HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC declares $2.6B in 13 of the 230 AI and semiconductor companies tracked on Silicon Floor, as of Jun 30, 2026 (Form 13F): 7.5% of its $34.3B 13F portfolio. Largest positions: Dominion Energy (1.1% of the company) and Salesforce (0.43% of the company). Over time: $2.6B in 13 of these companies for Q2 2026, against $4.6B in 24 for Q4 2019 (13F values as filed). From Mar 31, 2026 to Jun 30, 2026, it bought $460.0M and sold $452.1M of these stocks, at the quarter's prices: a net purchase of $7.8M; 1 new position.

Performance of its AI picks

The AI-stock portfolio HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC declared for Q2 2026 (Form 13F), held unchanged, returned +9.6% in Q3 2026 (SMH -7.1%), ranked 135 of 1,783 active managers. Over the last 12 months, quarter after quarter: +19.5% (SMH +87.2%), ranked 1189 of 1,359 active managers. Over three years, quarter after quarter: +130.1% (SMH +325.8%), ranked 567 of 783 active managers. Over five years, quarter after quarter: +166.8% (SMH +389.8%), ranked 216 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. Dominion Energy (D) — $675.7M: 9.9M shares, 1.1% of the company, 2.0% of its portfolio (trimmed this quarter); held since Q2 2024
2. Salesforce (CRM) — $552.3M: 3.5M shares, 0.43% of the company, 1.6% of its portfolio (trimmed this quarter); held since Q3 2025
3. Alphabet (GOOGL) — $362.4M: 1.0M shares, 0.01% of the company, 1.1% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
4. TE Connectivity (TEL) — $258.6M: 1.3M shares, 0.44% of the company, 0.75% of its portfolio (added this quarter); held since Q4 2019 or earlier
5. Qualcomm (QCOM) — $242.2M: 1.3M shares, 0.12% of the company, 0.71% of its portfolio (new position this quarter)
6. Cognizant (CTSH) — $192.2M: 5.0M shares, 1.1% of the company, 0.56% of its portfolio (added this quarter); held since Q3 2021
7. Cummins (CMI) — $174.1M: 244,044 shares, 0.18% of the company, 0.51% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
8. Microsoft (MSFT) — $58.4M: 156,526 shares, 0.00% of the company, 0.17% of its portfolio (added this quarter); held since Q4 2019 or earlier
9. TSMC (TSM) — $31.7M: 66,353 shares, 0.00% of the company, 0.09% of its portfolio (trimmed this quarter); held since Q2 2025
10. Vishay (VSH) — $11.6M: 215,824 shares, 0.14% of the company, 0.03% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
11. Photronics (PLAB) — $10.6M: 325,909 shares, 0.55% of the company, 0.03% of its portfolio (trimmed this quarter); held since Q3 2020
12. Sanmina (SANM) — $6.9M: 27,084 shares, 0.05% of the company, 0.02% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
13. NRG Energy (NRG) — $2.3M: 15,500 shares, 0.01% of the company, 0.01% of its portfolio; held since Q4 2019 or earlier

By sector

• Power, electrical & cooling — $852.0M, 33% of its AI holdings, 3 companies
• AI software — $744.5M, 29% of its AI holdings, 2 companies
• Cloud & AI giants — $420.7M, 16% of its AI holdings, 2 companies
• Chips & compute — $285.5M, 11% of its AI holdings, 3 companies
• Interconnect — $258.6M, 10% of its AI holdings, 1 company
• Equipment & test — $10.6M, 0% of its AI holdings, 1 company
• Servers & systems — $6.9M, 0% of its AI holdings, 1 company

Biggest changes this quarter

• trimmed Cummins (CMI): -$272.5M at the quarter's price
• opened a position in Qualcomm (QCOM): +$242.2M at the quarter's price
• trimmed Dominion Energy (D): -$99.3M at the quarter's price
• added to TE Connectivity (TEL): +$97.4M at the quarter's price
• added to Cognizant (CTSH): +$92.2M at the quarter's price
• added to Microsoft (MSFT): +$28.2M at the quarter's price
• trimmed Alphabet (GOOGL): -$26.9M at the quarter's price
• trimmed Salesforce (CRM): -$26.4M at the quarter's price
• trimmed Vishay (VSH): -$19.3M at the quarter's price
• trimmed Sanmina (SANM): -$5.5M 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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