Point72

Point72 declares $19.6B in 128 of the 230 AI and semiconductor companies tracked on Silicon Floor, as of Jun 30, 2026 (Form 13F): 21.6% of its $90.7B 13F portfolio. Largest positions: Credo (3.3% of the company) and ASML (0.14% of the company). Over time: $19.6B in 128 of these companies for Q2 2026, against $2.6B in 92 for Q4 2019 (13F values as filed). From Mar 31, 2026 to Jun 30, 2026, it bought $5.1B and sold $9.9B of these stocks, at the quarter's prices: a net sale of $4.9B; 34 new positions and 30 sold out.

Performance of its AI picks

The AI-stock portfolio Point72 declared for Q2 2026 (Form 13F), held unchanged, returned -9.8% in Q3 2026 (SMH -7.1%), ranked 1648 of 1,785 active managers. Over the last 12 months, quarter after quarter: +60.5% (SMH +87.2%), ranked 115 of 1,360 active managers. Over three years, quarter after quarter: +303.6% (SMH +325.8%), ranked 31 of 784 active managers. Over five years, quarter after quarter: +353.9% (SMH +389.8%), ranked 12 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. Credo (CRDO): $1.7B, 6.2M shares, 3.3% of the company, 1.8% of its portfolio (trimmed this quarter); held since Q1 2022
2. ASML (ASML): $1.1B, 554,661 shares, 0.14% of the company, 1.2% of its portfolio (trimmed this quarter); held since Q3 2025
3. Amazon (AMZN): $1.1B, 4.4M shares, 0.04% of the company, 1.2% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
4. MKS (MKSI): $888.2M, 2.0M shares, 3.0% of the company, 0.98% of its portfolio (added this quarter); held since Q3 2025
5. Arista Networks (ANET): $873.1M, 5.1M shares, 0.41% of the company, 0.96% of its portfolio (trimmed this quarter); held since Q4 2020
6. Seagate (STX): $794.1M, 822,914 shares, 0.36% of the company, 0.88% of its portfolio (added this quarter); held since Q1 2024
7. AMD (AMD): $771.7M, 1.3M shares, 0.08% of the company, 0.85% of its portfolio (trimmed this quarter); held since Q1 2025
8. TSMC (TSM): $766.0M, 1.6M shares, 0.03% of the company, 0.84% of its portfolio (trimmed this quarter); held since Q1 2021
9. Snowflake (SNOW): $716.1M, 2.8M shares, 0.80% of the company, 0.79% of its portfolio (added this quarter); held since Q2 2024
10. Oracle (ORCL): $499.8M, 3.4M shares, 0.11% of the company, 0.55% of its portfolio (added this quarter); held since Q4 2023
11. Applied Materials (AMAT): $433.8M, 599,984 shares, 0.08% of the company, 0.48% of its portfolio (trimmed this quarter); held since Q1 2025
12. Texas Instruments (TXN): $410.5M, 1.4M shares, 0.15% of the company, 0.45% of its portfolio (new position this quarter)
13. Broadcom (AVGO): $386.6M, 1.0M shares, 0.02% of the company, 0.43% of its portfolio (trimmed this quarter); held since Q1 2024
14. Onto Innovation (ONTO): $367.9M, 972,161 shares, 2.0% of the company, 0.41% of its portfolio (trimmed this quarter); held since Q2 2025
15. Micron (MU): $359.8M, 311,683 shares, 0.03% of the company, 0.40% of its portfolio (trimmed this quarter); held since Q3 2025

By sector

• Chips & compute: $4.0B, 20% of its AI holdings, 21 companies
• Equipment & test: $3.6B, 18% of its AI holdings, 17 companies
• Interconnect: $2.8B, 14% of its AI holdings, 8 companies
• Power, electrical & cooling: $2.2B, 11% of its AI holdings, 23 companies
• Neoclouds & data centers: $1.7B, 9% of its AI holdings, 23 companies
• AI software: $1.6B, 8% of its AI holdings, 14 companies
• Cloud & AI giants: $1.5B, 8% of its AI holdings, 4 companies
• Memory & storage: $1.3B, 7% of its AI holdings, 5 companies
• Servers & systems: $697.9M, 4% of its AI holdings, 7 companies
• Optics: $170.1M, 1% of its AI holdings, 6 companies

Biggest changes this quarter

• trimmed NVIDIA (NVDA): -$1.4B at the quarter's price
• trimmed Teradyne (TER): -$883.5M at the quarter's price
• trimmed Applied Materials (AMAT): -$807.7M at the quarter's price
• trimmed Sandisk (SNDK): -$743.3M at the quarter's price
• added to Snowflake (SNOW): +$688.0M at the quarter's price
• trimmed Broadcom (AVGO): -$469.4M at the quarter's price
• opened a position in Texas Instruments (TXN): +$410.5M at the quarter's price
• trimmed Credo (CRDO): -$360.7M at the quarter's price
• trimmed Western Digital (WDC): -$351.5M at the quarter's price
• added to Oracle (ORCL): +$326.3M at the quarter's price

Schedule 13D/G declarations

• VNET Group (VNET): 13G filed Aug 14, 2026: 110.0M shares as of Jun 30, 2026, 6.6% as declared
• VNET Group (VNET): 13G filed Jan 9, 2026: 79.8M shares as of Jan 8, 2026, 5.0% as declared
• Wolfspeed (WOLF): 13G filed Feb 17, 2026: 990,150 shares as of Dec 31, 2025, 3.8% as declared
• Wolfspeed (WOLF): 13G filed Oct 10, 2025: 1.5M shares as of Oct 9, 2025, 6.0% as declared
• Tower Semiconductor (TSEM): 13G filed Nov 14, 2025: 2.9M shares as of Sep 30, 2025, 2.6% as declared
• Mobileye (MBLY): 13G filed Nov 14, 2025: 6.0M shares as of Sep 30, 2025, 2.8% as declared
• VNET Group (VNET): 13G filed Aug 14, 2025: 38.2M shares as of Jun 30, 2025, 2.4% as declared
• Lumentum (LITE): 13G filed Aug 14, 2025: 895,470 shares as of Jun 30, 2025, 1.3% as declared
• Tower Semiconductor (TSEM): 13G filed Aug 14, 2025: 6.3M shares as of Jun 30, 2025, 5.7% as declared
• Tower Semiconductor (TSEM): 13G filed May 15, 2025: 7.7M shares as of Mar 31, 2025, 6.9% as declared

Other holders of this size

• Baird Financial Group, Inc.: $19.6B in 147 of these companies
• Bank Julius Baer & Co. Ltd, Zurich: $19.8B in 108 of these companies
• Allspring Global Investments Holdings, LLC: $19.5B in 168 of these companies
• Chevy Chase Trust Holdings, LLC: $19.8B in 98 of these companies
• Situational Awareness LP: $19.5B in 18 of these companies
• Cerity Partners LLC: $19.9B in 190 of these companies
• Rockefeller Capital Management L.P.: $19.4B in 217 of these companies
• STOREBRAND ASSET MANAGEMENT AS: $20.0B in 107 of these companies

Follow Point72's SEC filings (Atom feed)

All holders · Who owns each AI company · All tracked companies · The AI market