Wasatch Advisors LP

Wasatch Advisors LP declares $1.2B in 16 of the 230 AI and semiconductor companies tracked on Silicon Floor, as of Jun 30, 2026 (Form 13F): 8.1% of its $15.3B 13F portfolio. Largest positions: Camtek (4.6% of the company) and AAON (2.8% of the company). Over time: $1.2B in 16 of these companies for Q2 2026, against $656.8M in 17 for Q4 2019 (13F values as filed). From Mar 31, 2026 to Jun 30, 2026, it bought $96.9M and sold $618.1M of these stocks, at the quarter's prices: a net sale of $521.2M; 3 new positions and 1 sold out.

Performance of its AI picks

The AI-stock portfolio Wasatch Advisors LP declared for Q2 2026 (Form 13F), held unchanged, returned -21.9% in Q3 2026 (SMH -7.1%), ranked 1760 of 1,783 active managers. Over the last 12 months, quarter after quarter: +30.6% (SMH +87.2%), ranked 537 of 1,359 active managers. Over three years, quarter after quarter: +178.8% (SMH +325.8%), ranked 148 of 783 active managers. Over five years, quarter after quarter: +189.8% (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. Camtek (CAMT) — $346.1M: 2.1M shares, 4.6% of the company, 2.3% of its portfolio (trimmed this quarter); held since Q2 2021
2. AAON (AAON) — $296.7M: 2.3M shares, 2.8% of the company, 1.9% of its portfolio (added this quarter); held since Q4 2019 or earlier
3. Nova (NVMI) — $278.4M: 512,690 shares, 1.8% of the company, 1.8% of its portfolio (trimmed this quarter); held since Q1 2020
4. Fabrinet (FN) — $136.5M: 242,889 shares, 0.68% of the company, 0.89% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
5. PDF Solutions (PDFS) — $97.7M: 1.4M shares, 3.3% of the company, 0.64% of its portfolio (added this quarter); held since Q1 2022
6. Veeco (VECO) — $17.6M: 232,561 shares, 0.38% of the company, 0.12% of its portfolio (trimmed this quarter); held since Q2 2021
7. indie Semiconductor (INDI) — $16.9M: 3.8M shares, 1.6% of the company, 0.11% of its portfolio (trimmed this quarter); held since Q4 2025
8. Snowflake (SNOW) — $11.7M: 45,831 shares, 0.01% of the company, 0.08% of its portfolio (new position this quarter)
9. Lattice Semiconductor (LSCC) — $8.4M: 55,195 shares, 0.04% of the company, 0.06% of its portfolio (new position this quarter)
10. SiTime (SITM) — $6.5M: 8,713 shares, 0.03% of the company, 0.04% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
11. Kulicke & Soffa (KLIC) — $6.0M: 44,551 shares, 0.09% of the company, 0.04% of its portfolio (trimmed this quarter); held since Q1 2021
12. Microsoft (MSFT) — $5.6M: 15,027 shares, 0.00% of the company, 0.04% of its portfolio (new position this quarter)
13. Exelon (EXC) — $5.5M: 118,286 shares, 0.01% of the company, 0.04% of its portfolio (added this quarter); held since Q4 2019 or earlier
14. Duke Energy (DUK) — $5.4M: 42,275 shares, 0.01% of the company, 0.03% of its portfolio (added this quarter); held since Q4 2019 or earlier
15. Intel (INTC) — $4.2M: 29,774 shares, 0.00% of the company, 0.03% of its portfolio (trimmed this quarter); held since Q3 2024

By sector

• Equipment & test — $648.1M, 52% of its AI holdings, 4 companies
• Power, electrical & cooling — $307.5M, 25% of its AI holdings, 3 companies
• Optics — $136.5M, 11% of its AI holdings, 1 company
• AI software — $109.4M, 9% of its AI holdings, 2 companies
• Chips & compute — $37.7M, 3% of its AI holdings, 5 companies
• Cloud & AI giants — $5.6M, 0% of its AI holdings, 1 company

Biggest changes this quarter

• trimmed Fabrinet (FN): -$258.7M at the quarter's price
• trimmed Nova (NVMI): -$184.6M at the quarter's price
• trimmed Camtek (CAMT): -$98.9M at the quarter's price
• added to PDF Solutions (PDFS): +$61.8M at the quarter's price
• trimmed Veeco (VECO): -$35.0M at the quarter's price
• trimmed Kulicke & Soffa (KLIC): -$19.1M at the quarter's price
• trimmed SiTime (SITM): -$15.2M at the quarter's price
• opened a position in Snowflake (SNOW): +$11.7M at the quarter's price
• added to AAON (AAON): +$8.9M at the quarter's price
• opened a position in Lattice Semiconductor (LSCC): +$8.4M at the quarter's price

Schedule 13D/G declarations

• Amtech Systems (ASYS) — 13G filed Oct 9, 2026: 1.2M shares as of Sep 30, 2026, 6.8% as declared
• PDF Solutions (PDFS) — 13G filed Oct 9, 2026: 2.6M shares as of Sep 30, 2026, 6.3% as declared
• Camtek (CAMT) — 13G filed Jul 9, 2026: 2.1M shares as of Jun 30, 2026, 4.5% as declared
• Camtek (CAMT) — 13G filed Apr 22, 2026: 2.7M shares as of Mar 31, 2026, 5.9% as declared
• Nova (NVMI) — 13G filed Feb 11, 2026: 1.3M shares as of Dec 31, 2025, 4.6% as declared
• Camtek (CAMT) — 13G filed Feb 10, 2026: 3.2M shares as of Dec 31, 2025, 6.9% as declared
• Camtek (CAMT) — 13G filed Nov 13, 2025: 4.0M shares as of Sep 30, 2025, 8.8% as declared
• Grid Dynamics (GDYN) — 13G filed Nov 13, 2025: 0 shares as of Sep 30, 2025, 0.00% as declared
• Veeco (VECO) — 13G filed Nov 12, 2025: 1.6M shares as of Sep 30, 2025, 2.7% as declared
• Camtek (CAMT) — 13G filed Aug 14, 2025: 3.5M shares as of Jun 30, 2025, 7.7% 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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