Vulcan Value Partners, LLC
Vulcan Value Partners, LLC declares $895.0M in 6 of the 220 AI and semiconductor companies tracked on Silicon Floor, as of Jun 30, 2026 (Form 13F): 27.2% of its $3.3B 13F portfolio. Largest positions: Microsoft (0.01% of the company) and Amazon (0.01% of the company). Over time: $895.0M in 6 of these companies for Q2 2026, against $5.2B in 10 for Q4 2019 (13F values as filed). From Mar 31, 2026 to Jun 30, 2026, it bought $4.1M and sold $251.0M of these stocks, at the quarter's prices: a net sale of $246.9M.
Performance of its AI picks
The AI-stock portfolio Vulcan Value Partners, LLC declared for Q2 2026 (Form 13F), held unchanged, returned +20.0% in Q3 2026 (SMH -7.1%), ranked 8 of 1,776 active managers. Over the last 12 months, quarter after quarter: +12.3% (SMH +87.2%), ranked 1290 of 1,356 active managers. Over three years, quarter after quarter: +65.5% (SMH +325.8%), ranked 769 of 782 active managers. Over five years, quarter after quarter: +35.7% (SMH +389.8%), ranked 529 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
- Microsoft (MSFT) — $368.1M: 986,905 shares, 0.01% of the company, 11.2% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
- Amazon (AMZN) — $236.6M: 992,758 shares, 0.01% of the company, 7.2% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
- Alphabet (GOOGL) — $190.6M: 539,472 shares, 0.00% of the company, 5.8% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
- ServiceNow (NOW) — $57.1M: 574,811 shares, 0.06% of the company, 1.7% of its portfolio (added this quarter); held since Q1 2026
- Salesforce (CRM) — $25.7M: 164,013 shares, 0.02% of the company, 0.78% of its portfolio (trimmed this quarter); held since Q2 2020
- Qorvo (QRVO) — $16.9M: 181,315 shares, 0.21% of the company, 0.51% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
By sector
- Cloud & AI giants — $795.4M, 89% of its AI holdings, 3 companies
- AI software — $82.8M, 9% of its AI holdings, 2 companies
- Chips & compute — $16.9M, 2% of its AI holdings, 1 company
Biggest changes this quarter
- trimmed Amazon (AMZN): -$143.7M at the quarter's price
- trimmed Alphabet (GOOGL): -$48.4M at the quarter's price
- trimmed Microsoft (MSFT): -$45.5M at the quarter's price
- trimmed Qorvo (QRVO): -$8.2M at the quarter's price
- trimmed Salesforce (CRM): -$5.1M at the quarter's price
- added to ServiceNow (NOW): +$4.1M at the quarter's price