ZACKS INVESTMENT MANAGEMENT

ZACKS INVESTMENT MANAGEMENT declares $5.7B in 104 of the 230 AI and semiconductor companies tracked on Silicon Floor, as of Jun 30, 2026 (Form 13F): 40.8% of its $14.1B 13F portfolio. Largest positions: Apple (0.01% of the company) and Alphabet (0.01% of the company). Over time: $5.7B in 104 of these companies for Q2 2026, against $1.1B in 50 for Q4 2019 (13F values as filed). From Mar 31, 2026 to Jun 30, 2026, it bought $560.7M and sold $297.1M of these stocks, at the quarter's prices: a net purchase of $263.5M; 12 new positions and 6 sold out.

Performance of its AI picks

The AI-stock portfolio ZACKS INVESTMENT MANAGEMENT declared for Q2 2026 (Form 13F), held unchanged, returned +1.6% in Q3 2026 (SMH -7.1%), ranked 1197 of 1,785 active managers. Over the last 12 months, quarter after quarter: +25.8% (SMH +87.2%), ranked 878 of 1,360 active managers. Over three years, quarter after quarter: +142.4% (SMH +325.8%), ranked 445 of 784 active managers. Over five years, quarter after quarter: +163.8% (SMH +389.8%), ranked 239 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

1. Apple (AAPL): $620.0M, 2.1M shares, 0.01% of the company, 4.4% of its portfolio (added this quarter); held since Q3 2024
2. Alphabet (GOOGL): $583.5M, 1.6M shares, 0.01% of the company, 4.1% of its portfolio (added this quarter); held since Q4 2019 or earlier
3. NVIDIA (NVDA): $560.3M, 2.8M shares, 0.01% of the company, 4.0% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
4. Microsoft (MSFT): $415.7M, 1.1M shares, 0.01% of the company, 3.0% of its portfolio (added this quarter); held since Q4 2019 or earlier
5. Broadcom (AVGO): $315.4M, 834,829 shares, 0.02% of the company, 2.2% of its portfolio (added this quarter); held since Q4 2019 or earlier
6. Caterpillar (CAT): $304.0M, 285,444 shares, 0.06% of the company, 2.2% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
7. Amazon (AMZN): $271.3M, 1.1M shares, 0.01% of the company, 1.9% of its portfolio (trimmed this quarter); held since Q3 2024
8. Meta Platforms (META): $234.1M, 415,511 shares, 0.02% of the company, 1.7% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
9. Cisco (CSCO): $210.7M, 1.8M shares, 0.05% of the company, 1.5% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
10. Dell (DELL): $166.2M, 385,136 shares, 0.06% of the company, 1.2% of its portfolio (added this quarter); held since Q3 2025
11. AMD (AMD): $130.2M, 224,070 shares, 0.01% of the company, 0.93% of its portfolio (added this quarter); held since Q3 2024
12. Applied Materials (AMAT): $128.6M, 177,938 shares, 0.02% of the company, 0.91% of its portfolio (added this quarter); held since Q3 2024
13. EMCOR (EME): $120.1M, 144,747 shares, 0.33% of the company, 0.85% of its portfolio (added this quarter); held since Q4 2019 or earlier
14. Cummins (CMI): $110.6M, 155,081 shares, 0.11% of the company, 0.79% of its portfolio (added this quarter); held since Q2 2023
15. American Electric Power (AEP): $108.8M, 795,130 shares, 0.15% of the company, 0.77% of its portfolio (added this quarter); held since Q3 2024

By sector

• Cloud & AI giants: $2.1B, 37% of its AI holdings, 6 companies
• Chips & compute: $1.3B, 23% of its AI holdings, 16 companies
• Power, electrical & cooling: $929.9M, 16% of its AI holdings, 27 companies
• Interconnect: $359.4M, 6% of its AI holdings, 6 companies
• Servers & systems: $290.8M, 5% of its AI holdings, 8 companies
• Equipment & test: $266.0M, 5% of its AI holdings, 13 companies
• AI software: $213.8M, 4% of its AI holdings, 16 companies
• Memory & storage: $127.1M, 2% of its AI holdings, 5 companies
• Optics: $84.0M, 1% of its AI holdings, 3 companies
• Neoclouds & data centers: $40.4M, 1% of its AI holdings, 4 companies

Biggest changes this quarter

• trimmed Caterpillar (CAT): -$141.4M at the quarter's price
• added to Dell (DELL): +$133.2M at the quarter's price
• added to Apple (AAPL): +$122.0M at the quarter's price
• added to Micron (MU): +$91.6M at the quarter's price
• added to Texas Instruments (TXN): +$68.4M at the quarter's price
• trimmed Cisco (CSCO): -$62.7M at the quarter's price
• trimmed Fabrinet (FN): -$30.5M at the quarter's price
• trimmed Corning (GLW): -$29.3M at the quarter's price
• added to AMD (AMD): +$23.3M at the quarter's price
• added to Oracle (ORCL): +$20.4M at the quarter's price

Other holders of this size

• CAPSTONE INVESTMENT ADVISORS, LLC: $5.7B in 104 of these companies
• Clark Capital Management Group, Inc.: $5.8B in 75 of these companies
• APPALOOSA LP: $5.7B in 15 of these companies
• Erste Asset Management GmbH: $5.8B in 87 of these companies
• Fuller & Thaler Asset Management, Inc.: $5.7B in 54 of these companies
• ABN AMRO INVESTMENT SOLUTIONS: $5.8B in 108 of these companies
• Mediolanum International Funds Ltd: $5.6B in 84 of these companies
• TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY: $5.9B in 166 of these companies

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