Silver Lake

Silver Lake declares $68.4M in 21 of the 230 AI and semiconductor companies tracked on Silicon Floor, as of Jun 30, 2026 (Form 13F): 1.4% of its $4.9B 13F portfolio. Largest positions: Corning (0.01% of the company) and Cisco (0.00% of the company). Over time: $68.4M in 21 of these companies for Q2 2026, against $372.3M in 9 for Q4 2019 (13F values as filed). From Mar 31, 2026 to Jun 30, 2026, it bought $213,229.00 and sold $9.5M of these stocks, at the quarter's prices: a net sale of $9.3M; 1 new position and 1 sold out.

Performance of its AI picks

The AI-stock portfolio Silver Lake declared for Q2 2026 (Form 13F), held unchanged, returned -11.1% in Q3 2026 (SMH -7.1%). Over the last 12 months, quarter after quarter: +54.8% (SMH +87.2%). Over three years, quarter after quarter: +168.9% (SMH +325.8%). Over five years, quarter after quarter: +164.7% (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. Corning (GLW) — $12.5M: 48,943 shares, 0.01% of the company, 0.26% of its portfolio (trimmed this quarter); held since Q2 2022
2. Cisco (CSCO) — $11.2M: 95,213 shares, 0.00% of the company, 0.23% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
3. Applied Materials (AMAT) — $9.1M: 12,550 shares, 0.00% of the company, 0.19% of its portfolio (trimmed this quarter); held since Q1 2021
4. Digital Realty (DLR) — $5.9M: 33,049 shares, 0.01% of the company, 0.12% of its portfolio (trimmed this quarter); held since Q1 2023
5. nVent (NVT) — $5.0M: 29,259 shares, 0.02% of the company, 0.10% of its portfolio (trimmed this quarter); held since Q1 2025
6. EnerSys (ENS) — $4.5M: 19,244 shares, 0.05% of the company, 0.09% of its portfolio (trimmed this quarter); held since Q3 2020
7. Microsoft (MSFT) — $4.4M: 11,849 shares, 0.00% of the company, 0.09% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
8. Eaton (ETN) — $2.9M: 6,838 shares, 0.00% of the company, 0.06% of its portfolio (trimmed this quarter); held since Q1 2024
9. NVIDIA (NVDA) — $2.5M: 12,327 shares, 0.00% of the company, 0.05% of its portfolio (trimmed this quarter); held since Q1 2024
10. Snowflake (SNOW) — $2.4M: 9,471 shares, 0.00% of the company, 0.05% of its portfolio; held since Q3 2020
11. Texas Pacific Land (TPL) — $2.0M: 4,512 shares, 0.01% of the company, 0.04% of its portfolio; held since Q1 2024
12. Apple (AAPL) — $1.5M: 5,197 shares, 0.00% of the company, 0.03% of its portfolio (trimmed this quarter); held since Q1 2024
13. Cummins (CMI) — $896,362.00: 1,257 shares, 0.00% of the company, 0.02% of its portfolio (added this quarter); held since Q1 2024
14. AMD (AMD) — $704,644.00: 1,213 shares, 0.00% of the company, 0.01% of its portfolio; held since Q4 2025
15. Amazon (AMZN) — $619,207.00: 2,598 shares, 0.00% of the company, 0.01% of its portfolio (trimmed this quarter); held since Q1 2024

By sector

• Power, electrical & cooling — $13.9M, 20% of its AI holdings, 6 companies
• Optics — $12.5M, 18% of its AI holdings, 1 company
• Interconnect — $11.2M, 16% of its AI holdings, 1 company
• Equipment & test — $9.1M, 13% of its AI holdings, 1 company
• Neoclouds & data centers — $7.9M, 12% of its AI holdings, 2 companies
• Cloud & AI giants — $7.1M, 10% of its AI holdings, 4 companies
• Chips & compute — $4.1M, 6% of its AI holdings, 4 companies
• AI software — $2.7M, 4% of its AI holdings, 2 companies

Biggest changes this quarter

• trimmed Cisco (CSCO): -$3.9M at the quarter's price
• trimmed Applied Materials (AMAT): -$3.0M at the quarter's price
• trimmed Corning (GLW): -$938,186.00 at the quarter's price
• sold out of Dell (DELL): -$479,079.00 at the quarter's price
• trimmed nVent (NVT): -$343,287.00 at the quarter's price
• opened a position in Carrier (CARR): +$207,567.00 at the quarter's price
• trimmed Apple (AAPL): -$168,418.00 at the quarter's price
• trimmed Alphabet (GOOGL): -$153,537.00 at the quarter's price
• trimmed Microsoft (MSFT): -$122,353.00 at the quarter's price
• trimmed Amazon (AMZN): -$93,429.00 at the quarter's price

Schedule 13D/G declarations

• Dell (DELL) — 13D filed Sep 11, 2026: 42.8M shares as of Sep 9, 2026, 11.9% as declared
• Dell (DELL) — 13D filed Jun 5, 2026: 46.5M shares as of Jun 3, 2026, 12.5% as declared
• Dell (DELL) — 13D filed Mar 19, 2026: 50.2M shares as of Mar 17, 2026, 13.6% as declared
• Dell (DELL) — 13D filed Oct 3, 2025: 54.3M shares as of Oct 1, 2025, 13.8% as declared
• Dell (DELL) — 13D filed Jul 17, 2025: 58.9M shares as of Jul 15, 2025, 14.7% as declared
• Dell (DELL) — 13D filed Jan 13, 2025: 62.5M shares as of Jan 8, 2025, 14.8% 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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