MetLife Investment Management, LLC

MetLife Investment Management, LLC declares $9.3B in 206 of the 230 AI and semiconductor companies tracked on Silicon Floor, as of Jun 30, 2026 (Form 13F): 42.1% of its $22.1B 13F portfolio. Largest positions: NVIDIA (0.03% of the company) and Apple (0.03% of the company). Over time: $9.3B in 206 of these companies for Q2 2026, against $2.2B in 128 for Q4 2019 (13F values as filed). From Mar 31, 2026 to Jun 30, 2026, it bought $270.0M and sold $565.0M of these stocks, at the quarter's prices: a net sale of $295.0M; 9 new positions.

Performance of its AI picks

The AI-stock portfolio MetLife Investment Management, LLC declared for Q2 2026 (Form 13F), held unchanged, returned +3.2% in Q3 2026 (SMH -7.1%), ranked 995 of 1,785 active managers. Over the last 12 months, quarter after quarter: +28.7% (SMH +87.2%), ranked 675 of 1,360 active managers. Over three years, quarter after quarter: +153.2% (SMH +325.8%), ranked 307 of 784 active managers. Over five years, quarter after quarter: +171.0% (SMH +389.8%), ranked 184 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. NVIDIA (NVDA): $1.3B, 6.4M shares, 0.03% of the company, 5.8% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
2. Apple (AAPL): $1.1B, 3.7M shares, 0.03% of the company, 4.8% of its portfolio (trimmed this quarter); held since Q3 2025
3. Alphabet (GOOGL): $1.0B, 2.8M shares, 0.02% of the company, 4.6% of its portfolio (added this quarter); held since Q4 2019 or earlier
4. Microsoft (MSFT): $688.4M, 1.8M shares, 0.02% of the company, 3.1% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
5. Amazon (AMZN): $541.0M, 2.3M shares, 0.02% of the company, 2.5% of its portfolio (trimmed this quarter); held since Q3 2025
6. Broadcom (AVGO): $477.7M, 1.3M shares, 0.03% of the company, 2.2% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
7. Micron (MU): $348.9M, 302,272 shares, 0.03% of the company, 1.6% of its portfolio (added this quarter); held since Q4 2019 or earlier
8. Meta Platforms (META): $322.8M, 573,082 shares, 0.02% of the company, 1.5% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
9. AMD (AMD): $253.8M, 436,872 shares, 0.03% of the company, 1.1% of its portfolio (added this quarter); held since Q3 2025
10. Applied Materials (AMAT): $153.8M, 212,686 shares, 0.03% of the company, 0.70% of its portfolio (added this quarter); held since Q3 2025
11. Intel (INTC): $150.1M, 1.1M shares, 0.02% of the company, 0.68% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
12. Lam Research (LRCX): $145.2M, 335,179 shares, 0.03% of the company, 0.66% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
13. Caterpillar (CAT): $131.1M, 123,114 shares, 0.03% of the company, 0.59% of its portfolio (added this quarter); held since Q4 2019 or earlier
14. Cisco (CSCO): $106.1M, 903,668 shares, 0.02% of the company, 0.48% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
15. KLA (KLAC): $105.7M, 350,255 shares, 0.03% of the company, 0.48% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier

By sector

• Cloud & AI giants: $3.6B, 39% of its AI holdings, 6 companies
• Chips & compute: $2.5B, 27% of its AI holdings, 32 companies
• Power, electrical & cooling: $769.2M, 8% of its AI holdings, 47 companies
• Equipment & test: $561.3M, 6% of its AI holdings, 25 companies
• Memory & storage: $553.2M, 6% of its AI holdings, 6 companies
• AI software: $509.6M, 5% of its AI holdings, 31 companies
• Interconnect: $262.7M, 3% of its AI holdings, 11 companies
• Servers & systems: $178.8M, 2% of its AI holdings, 11 companies
• Neoclouds & data centers: $156.5M, 2% of its AI holdings, 25 companies
• Optics: $132.3M, 1% of its AI holdings, 12 companies

Biggest changes this quarter

• trimmed Apple (AAPL): -$89.1M at the quarter's price
• trimmed Amazon (AMZN): -$66.1M at the quarter's price
• trimmed Microsoft (MSFT): -$65.1M at the quarter's price
• added to Marvell (MRVL): +$64.9M at the quarter's price
• added to Micron (MU): +$45.5M at the quarter's price
• added to Alphabet (GOOGL): +$41.0M at the quarter's price
• trimmed Bloom Energy (BE): -$31.4M at the quarter's price
• trimmed Credo (CRDO): -$21.4M at the quarter's price
• trimmed NVIDIA (NVDA): -$20.2M at the quarter's price
• trimmed Ultra Clean (UCTT): -$18.0M at the quarter's price

Other holders of this size

• Altimeter Capital Management, LP: $9.2B in 17 of these companies
• AGF MANAGEMENT LTD: $9.4B in 88 of these companies
• ASSETMARK, INC: $9.1B in 191 of these companies
• MACQUARIE GROUP LTD: $9.4B in 136 of these companies
• AMF Tjanstepension AB: $9.0B in 33 of these companies
• ONTARIO TEACHERS PENSION PLAN BOARD: $9.5B in 9 of these companies
• COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS: $9.0B in 152 of these companies
• Calamos Advisors LLC: $9.5B in 108 of these companies

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