Totem Point Management, LLC reported 18 positions worth $163.47M for the quarter ended Jun 30, 2026, up 108.6% on the prior quarter. It opened 5 new positions, added to 7, trimmed 6 and exited 4. Its largest holding is Cerebras Systems Inc. at 24.5% of the portfolio.
Reported 13F market value at each quarter end. A change mixes trading with price moves in the positions held.
Dollar value of shares bought and sold each quarter, at that quarter’s price. It counts trading only, not price changes.
How many positions were opened, added to, trimmed or closed each quarter.
Share of reported value in each sector at every quarter end.
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| CBRS Cerebras Systems Inc. | +181.0K | – | $39.99M | 24.46% |
| NOK Nokia Corp | +588.9K | – | $7.82M | 4.78% |
| LRCX Lam Research Corp | +15.2K | +80.9% | $6.57M | 8.99% |
| MU Micron Technology Inc | +5,592 | +253.3% | $6.45M | 5.51% |
| TSM Taiwan Semiconductor Manufacturing Co Ltd | +11.0K | +50.7% | $5.25M | 9.55% |
| GEV GE Vernova Inc. | +3,025 | +423.1% | $3.55M | 2.69% |
| AMKR Amkor Technology, Inc. | +36.2K | – | $3.12M | 1.91% |
| SPGI S&P Global Inc. | +7,227 | +61.9% | $2.94M | 4.71% |
| LSCC Lattice Semiconductor Corp | +18.8K | +53.8% | $2.88M | 5.04% |
| WDC Western Digital Corp | +3,052 | – | $1.95M | 1.19% |
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| AMD Advanced Micro Devices Inc | -20.3K | -48.2% | $11.82M | 7.78% |
| ON On Semiconductor Corp | -107.7K | -79.4% | $10.18M | 1.62% |
| MRVL Marvell Technology, Inc. | -18.7K | -41.8% | $5.57M | 4.75% |
| TTWO Take Two Interactive Software Inc | -20.4K | -86.7% | $5.10M | 0.479% |
| SPOT Spotify Technology S.A. | -8,830 | -70.2% | $4.05M | 1.05% |
| HPE Hewlett Packard Enterprise Co | -106.1K | -100.0% | $2.53M | Exited |
| CME Cme Group Inc. | -7,503 | -100.0% | $2.22M | Exited |
| NVDA Nvidia Corp | -8,806 | -11.5% | $1.76M | 8.31% |
| FWONK Liberty Media Corp | -9,179 | -100.0% | $780.40K | Exited |
| NBIS Nebius Group N.V. | -2,819 | -100.0% | $292.50K | Exited |
| # | Activity | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | CBRS Cerebras Systems Inc. | Technology | 181.0K | $39.99M | 24.46% | +181.0K | – | New | 0.08% |
| 2 | TSM Taiwan Semiconductor Manufacturing Co Ltd | Technology | 32.7K | $15.61M | 9.55% | +11.0K | +50.7% | Added | 0% |
| 3 | LRCX Lam Research Corp | Technology | 33.9K | $14.70M | 8.99% | +15.2K | +80.9% | Added | 0% |
| 4 | NVDA Nvidia Corp | Technology | 67.9K | $13.58M | 8.31% | -8,806 | -11.5% | Reduced | 0% |
| 5 | AMD Advanced Micro Devices Inc | Technology | 21.9K | $12.72M | 7.78% | -20.3K | -48.2% | Reduced | 0% |
| 6 | TER Teradyne, Inc | Technology | 22.0K | $10.66M | 6.52% | +1,465 | +7.1% | Added | 0.01% |
| 7 | MU Micron Technology Inc | Technology | 7,800 | $9.00M | 5.51% | +5,592 | +253.3% | Added | 0% |
| 8 | LSCC Lattice Semiconductor Corp | Technology | 53.9K | $8.24M | 5.04% | +18.8K | +53.8% | Added | 0.04% |
| 9 | NOK Nokia Corp | Others | 588.9K | $7.82M | 4.78% | +588.9K | – | New | 0.01% |
| 10 | MRVL Marvell Technology, Inc. | Technology | 26.0K | $7.76M | 4.75% | -18.7K | -41.8% | Reduced | 0% |
| 11 | SPGI S&P Global Inc. | Financial Services | 18.9K | $7.70M | 4.71% | +7,227 | +61.9% | Added | 0.01% |
| 12 | GEV GE Vernova Inc. | Industrials | 3,740 | $4.39M | 2.69% | +3,025 | +423.1% | Added | 0% |
| 13 | AMKR Amkor Technology, Inc. | Technology | 36.2K | $3.12M | 1.91% | +36.2K | – | New | 0.01% |
| 14 | ON On Semiconductor Corp | Technology | 28.0K | $2.64M | 1.62% | -107.7K | -79.4% | Reduced | 0.01% |
| 15 | WDC Western Digital Corp | Technology | 3,052 | $1.95M | 1.19% | +3,052 | – | New | 0% |
Tip. Select a row to see that position’s full history at Totem Point Management.
As of its Q2 2026 13F filing, Totem Point Management, LLC’s five largest positions were Cerebras Systems Inc. (CBRS) at 24.5%, Taiwan Semiconductor Manufacturing Co Ltd (TSM) at 9.5%, Lam Research Corp (LRCX) at 9.0%, Nvidia Corp (NVDA) at 8.3%, Advanced Micro Devices Inc (AMD) at 7.8% of the reported portfolio.
Totem Point Management, LLC reported a 13F portfolio worth $163.47M across 18 positions for Q2 2026. That is up 108.6% from the previous quarter.
Its largest purchases by value were Cerebras Systems Inc. ($39.99M), Nokia Corp ($7.82M), Lam Research Corp ($6.57M). It opened 5 new positions.
Its largest sales by value were Advanced Micro Devices Inc ($11.82M), On Semiconductor Corp ($10.18M), Marvell Technology, Inc. ($5.57M). It exited 4 positions entirely.
From the Form 13F-HR reports Totem Point Management, LLC files with the SEC each quarter, within 45 days of quarter end. A 13F lists long positions in US-listed equities and options; it excludes short positions, cash, bonds and most non-US holdings.
13F data reflects long positions in US-listed equities and options as reported to the SEC up to 45 days after quarter end. It excludes short positions, cash, bonds and most non-US securities, so it is not a complete picture of a manager’s assets.