Senvest Management, LLC

Senvest Management, LLC declares $936.8M in 15 of the 230 AI and semiconductor companies tracked on Silicon Floor, as of Jun 30, 2026 (Form 13F): 27.5% of its $3.4B 13F portfolio. Largest positions: Tower Semiconductor (1.6% of the company) and UiPath (2.3% of the company). Over time: $936.8M in 15 of these companies for Q2 2026, against $300.5M in 6 for Q4 2019 (13F values as filed). From Mar 31, 2026 to Jun 30, 2026, it bought $128.2M and sold $214.4M of these stocks, at the quarter's prices: a net sale of $86.2M; 6 new positions and 2 sold out.

Performance of its AI picks

The AI-stock portfolio Senvest Management, LLC declared for Q2 2026 (Form 13F), held unchanged, returned -10.5% in Q3 2026 (SMH -7.1%). Over the last 12 months, quarter after quarter: +128.6% (SMH +87.2%). Over three years, quarter after quarter: +341.6% (SMH +325.8%). Over five years, quarter after quarter: +495.5% (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

1. Tower Semiconductor (TSEM) — $475.2M: 1.8M shares, 1.6% of the company, 13.9% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
2. UiPath (PATH) — $131.4M: 12.1M shares, 2.3% of the company, 3.9% of its portfolio (added this quarter); held since Q4 2022
3. CEVA (CEVA) — $77.0M: 1.6M shares, 5.8% of the company, 2.3% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
4. Ciena (CIEN) — $64.0M: 130,426 shares, 0.09% of the company, 1.9% of its portfolio (trimmed this quarter); held since Q4 2020
5. Microchip (MCHP) — $45.3M: 496,200 shares, 0.09% of the company, 1.3% of its portfolio (trimmed this quarter); held since Q1 2026
6. Meta Platforms (META) — $39.4M: 70,000 shares, 0.00% of the company, 1.2% of its portfolio (new position this quarter)
7. VNET Group (VNET) — $24.9M: 3.1M shares, 1.1% of the company, 0.73% of its portfolio (added this quarter); held since Q4 2025
8. GlobalFoundries (GFS) — $21.5M: 260,408 shares, 0.05% of the company, 0.63% of its portfolio (new position this quarter)
9. Intel (INTC) — $16.6M: 118,800 shares, 0.00% of the company, 0.49% of its portfolio; held since Q1 2026
10. Wolfspeed (WOLF) — $12.5M: 258,124 shares, 0.49% of the company, 0.37% of its portfolio (trimmed this quarter); held since Q4 2025
11. nLIGHT (LASR) — $11.2M: 160,338 shares, 0.28% of the company, 0.33% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
12. NVIDIA (NVDA) — $8.1M: 40,600 shares, 0.00% of the company, 0.24% of its portfolio (new position this quarter)
13. Qualcomm (QCOM) — $6.5M: 35,000 shares, 0.00% of the company, 0.19% of its portfolio (new position this quarter)
14. indie Semiconductor (INDI) — $2.5M: 552,843 shares, 0.24% of the company, 0.07% of its portfolio (new position this quarter)
15. GDS Holdings (GDS) — $900,900.00: 30,000 shares, 0.01% of the company, 0.03% of its portfolio (new position this quarter)

By sector

• Chips & compute — $665.0M, 71% of its AI holdings, 9 companies
• AI software — $131.4M, 14% of its AI holdings, 1 company
• Optics — $75.1M, 8% of its AI holdings, 2 companies
• Cloud & AI giants — $39.4M, 4% of its AI holdings, 1 company
• Neoclouds & data centers — $25.8M, 3% of its AI holdings, 2 companies

Biggest changes this quarter

• trimmed Tower Semiconductor (TSEM): -$117.0M at the quarter's price
• added to UiPath (PATH): +$46.7M at the quarter's price
• opened a position in Meta Platforms (META): +$39.4M at the quarter's price
• trimmed CEVA (CEVA): -$34.2M at the quarter's price
• sold out of AAON (AAON): -$25.7M at the quarter's price
• opened a position in GlobalFoundries (GFS): +$21.5M at the quarter's price
• trimmed Ciena (CIEN): -$20.8M at the quarter's price
• opened a position in NVIDIA (NVDA): +$8.1M at the quarter's price
• sold out of Micron (MU): -$8.1M at the quarter's price
• opened a position in Qualcomm (QCOM): +$6.5M at the quarter's price

Schedule 13D/G declarations

• CEVA (CEVA) — 13G filed Aug 13, 2026: 1.6M shares as of Jun 30, 2026, 5.9% as declared
• Tower Semiconductor (TSEM) — 13G filed Feb 12, 2026: 4.0M shares as of Dec 31, 2025, 3.6% as declared
• CEVA (CEVA) — 13G filed Nov 13, 2025: 2.2M shares as of Sep 30, 2025, 9.3% as declared
• Tower Semiconductor (TSEM) — 13G filed Nov 13, 2025: 5.6M shares as of Sep 30, 2025, 5.0% as declared
• nLIGHT (LASR) — 13G filed Aug 11, 2025: 1.8M shares as of Jun 30, 2025, 3.7% as declared
• nLIGHT (LASR) — 13G filed Dec 20, 2024: 2.5M shares as of Dec 19, 2024, 5.1% as declared

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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