Southpoint Capital Advisors LP

Southpoint Capital Advisors LP declares $1.4B in 7 of the 230 AI and semiconductor companies tracked on Silicon Floor, as of Jun 30, 2026 (Form 13F): 32.2% of its $4.4B 13F portfolio. Largest positions: AMD (0.05% of the company) and Microsoft (0.01% of the company). Over time: $1.4B in 7 of these companies for Q2 2026, against $541.2M in 4 for Q4 2019 (13F values as filed). From Mar 31, 2026 to Jun 30, 2026, it bought $200.9M and sold $246.8M of these stocks, at the quarter's prices: a net sale of $45.9M; 1 new position and 1 sold out.

Performance of its AI picks

The AI-stock portfolio Southpoint Capital Advisors LP declared for Q2 2026 (Form 13F), held unchanged, returned +4.3% in Q3 2026 (SMH -7.1%), ranked 770 of 1,783 active managers. Over the last 12 months, quarter after quarter: +61.6% (SMH +87.2%), ranked 108 of 1,359 active managers. Over three years, quarter after quarter: +159.1% (SMH +325.8%). Over five years, quarter after quarter: +224.6% (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. AMD (AMD) — $493.8M: 850,000 shares, 0.05% of the company, 11.2% of its portfolio (trimmed this quarter); held since Q4 2025
2. Microsoft (MSFT) — $261.1M: 700,000 shares, 0.01% of the company, 5.9% of its portfolio (added this quarter); held since Q2 2023
3. Equinix (EQIX) — $260.6M: 250,000 shares, 0.25% of the company, 5.9% of its portfolio; held since Q1 2026
4. Primoris Services (PRIM) — $138.8M: 1.4M shares, 2.6% of the company, 3.2% of its portfolio (new position this quarter)
5. Constellation Energy (CEG) — $124.2M: 500,000 shares, 0.14% of the company, 2.8% of its portfolio (added this quarter); held since Q3 2024
6. Sandisk (SNDK) — $90.9M: 40,000 shares, 0.03% of the company, 2.1% of its portfolio (trimmed this quarter); held since Q1 2026
7. Akamai (AKAM) — $47.3M: 400,000 shares, 0.28% of the company, 1.1% of its portfolio (trimmed this quarter); held since Q1 2026

By sector

• Chips & compute — $493.8M, 35% of its AI holdings, 1 company
• Neoclouds & data centers — $307.9M, 22% of its AI holdings, 2 companies
• Power, electrical & cooling — $263.0M, 19% of its AI holdings, 2 companies
• Cloud & AI giants — $261.1M, 18% of its AI holdings, 1 company
• Memory & storage — $90.9M, 6% of its AI holdings, 1 company

Biggest changes this quarter

• opened a position in Primoris Services (PRIM): +$138.8M at the quarter's price
• sold out of Amazon (AMZN): -$125.0M at the quarter's price
• trimmed Akamai (AKAM): -$47.3M at the quarter's price
• trimmed Sandisk (SNDK): -$45.5M at the quarter's price
• added to Microsoft (MSFT): +$37.3M at the quarter's price
• trimmed AMD (AMD): -$29.0M at the quarter's price
• added to Constellation Energy (CEG): +$24.8M 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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