What smart money is saying about Applied Materials
9 funds in our archive have pitched Applied Materials — most recently Guinness Global Innovators Fund in July 2026.
Applied Materials, Inc. engages in provision of materials engineering solutions used to produce semiconductors. The firm also focuses on design, development, production, and servicing of the critical wafer fabrication tools used for customers to manufacture semiconductors. It operates through the following segments: Semiconductor Systems and Applied Global Services (AGS). The Semiconductor Systems segment includes designing, development, manufacturing and sale of equipment used to fabricate semiconductor chips referred to as integrated circuits. The AGS segment engages in provision of services, spares, and factory automation software to customer fabrication plants globally. The company was founded on November 10, 1967 and is headquartered in Santa Clara, CA.
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Position history
Between Q4 2024 and Q3 2026, 15 fund letters reported a position in Applied Materials — 6 trimmed or exited.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 1 | 0 | 0 | 1 |
| Q2 2026 | 10 | 0 | 4 | 2 |
| Q1 2026 | 4 | 0 | 2 | 1 |
| Q3 2025 | 0 | 0 | 0 | 1 |
| Q2 2025 | 0 | 0 | 0 | 3 |
| Q4 2024 | 0 | 0 | 0 | 1 |
Fund activity · 15 positions · 6 moves
- HoldsGuinness Global Innovators FundJuly 2026
Listed in Guinness Global Innovators Fund’s reported holdings.
Read the letterApplied Materials - ExitedVlatava fund Vltava Fund SICAV, plcJune 2026
“We sold the troika Lam Research, Applied Materials, and KLA Corporation”
Read the letterApplied Materials - TrimmedIronvine Capital Partners Quarterly Investor LetterJune 2026
“Specifically, we sold portions of our Applied Materials, Analog Devices, and Amphenol investments across Ironvine strategies during the second quarter.”
Read the letterApplied Materials - HoldsGuinness Global Innovators FundJune 2026
“Applied Materials (semiconductor capital equipment)”
Read the letterApplied Materials - TrimmedMatrix Asset Advisors Capital Markets CommentaryJune 2026
“We also modestly trimmed the Technology names Alphabet (Google), Applied Materials, Qualcomm, and Generac (mostly in tax-exempt accounts) as these positions had become oversized because of significant stock price appreciation.”
Read the letterApplied Materials - HoldsFindlay Park American FundJune 2026
“Other strong contributors included KLA, Applied Materials, Entegris and Keysight, which provide critical equipment, materials, testing and measurement capabilities to the semiconductor ecosystem.”
Read the letterApplied Materials - TrimmedHosking PartnersJune 2026
Listed in Hosking Partners’s reported holdings.
Read the letterApplied Materials - HoldsArtisan Partners Antero Peak StrategyJune 2026
“Taiwan Semiconductor, Applied Materials, Analog Devices, NVIDIA, Astera Labs and Seagate contributed meaningfully as part of our Compute Infrastructure theme.”
Read the letterApplied Materials - HoldsRoyal London AM Global Equity Enhanced FundJune 2026
“Holdings in Micron, Applied Materials, KLA Corp and Lam Research were among the main positive contributors.”
Read the letterApplied Materials - HoldsArtisan Partners US Focus FundJune 2026
“Taiwan Semiconductor, Applied Materials, Analog Devices, NVIDIA, Astera Labs and Seagate contributed meaningfully as part of our Compute Infrastructure theme.”
Read the letterApplied Materials - HoldsEmerald Wealth Partners AGMay 2026
“The best performers were Applied Materials, Tokyo Electron and Fortinet, and which were all up between 88% and 113% in Q2 alone.”
Read the letterApplied Materials - TrimmedBA Beutel Goodman U.S. Value FundMarch 2026
“We also trimmed our positions in Kimberly-Clark, Applied Materials, Omnicom, Merck, Ameriprise Financial, Gen Digital, American Express, Carlyle Group, Chubb.”
Read the letterApplied Materials - TrimmedBA Beutel Goodman World Value FundMarch 2026
“We also trimmed our positions in Omnicon, Applied Materials, Roche and Comcast”
Read the letterApplied Materials - HoldsBrown Advisory Large-Cap Sustainable ValueMarch 2026
“Applied Materials (AMAT) is benefiting from accelerating capex trends across its core customer base.”
Read the letterApplied Materials - HoldsBrown Advisory U.S. Value FundMarch 2026
“Applied Materials (AMAT) is benefiting from accelerating capex trends across its core customer base.”
Read the letterApplied Materials
Also mentioned · 5
These funds discuss Applied Materials — as a competitor, benchmark or comparable — without disclosing a position in it.
- MentionedGeneration IM Global Equity StrategyJuly 2026
“Many businesses we cover, such as Texas Instruments, ASML and Applied Materials, trade on multiples that are stretched versus their own histories and are therefore fraught with risk.”
Read the letterApplied Materials - MentionedClearBridge Investments Appreciation StrategyJune 2026
“The biggest detractors were Netflix, underweights to Micron Technology and Advanced Micro Devices, and not owning Intel and Applied Materials.”
Read the letterApplied Materials - MentionedGuinness Global Quality Mid Cap FundJune 2026
“a position validated by the 9% strategic stake Applied Materials acquired in 2025.”
Read the letterApplied Materials - MentionedBlue Whale Growth FundJune 2026
“Applied Materials’ expertise in modifying materials at atomic levels and on an industrial scale ensures its equipment is used to produce virtually every new chip and advanced display in the world.”
Read the letterApplied Materials - MentionedDeep Sail Capital PartnersJune 2026
“Tier-1 customers such as Applied Materials, Honeywell, Lam Research, and Raytheon.”
Read the letterApplied Materials
Fund coverage · 9 theses
- Guinness Global Innovators FundJuly 2026
Applied Materials benefits from AI-driven semiconductor capex and is seen as well positioned to capture share across the chip manufacturing stack.
Read the full thesis - Ironvine Capital Partners Quarterly Investor LetterJune 2026
Applied Materials is tied to structurally attractive semiconductor spending, but higher valuations now require sustained 2027–2028 capex levels.
Read the full thesis - Blue Whale Growth FundJune 2026
Applied Materials provides essential atomic-scale materials engineering equipment used across nearly all advanced chip and display manufacturing.
Read the full thesis - Alpha Wealth FundsMarch 2026
Applied Materials is a dominant semiconductor equipment provider poised to benefit from the AI capex 'giga-cycle' and advanced packaging demand.
Read the full thesis - Brown Advisory Beutel Goodman US Value FundSeptember 2025
Applied Materials Inc. is poised for long-term growth due to its leading position in the semiconductor capital equipment market and expanding Service & Parts business, despite facing near-term headwinds.
Read the full thesis - Matrix Asset AdvisorsJune 2025
Applied Materials is a strong investment poised to benefit from the rising demand for advanced semiconductor manufacturing due to AI and high-performance computing, supported by its robust cash flow and strategic positioning.
Read the full thesis - Pender Strategic Growth and Income FundJune 2025
Applied Materials Inc. is an undervalued leader in materials-engineering solutions for semiconductors, with strong long-term earnings potential driven by AI, advanced packaging, and a growing services segment despite current market concerns.
Read the full thesis - Heartland Opportunistic Value Equity StrategyJune 2025
Applied Materials is poised for growth due to its dominant position in semiconductor manufacturing, favorable market trends, and strong insider support.
Read the full thesis - Parnassus Value Equity FundDecember 2024
Applied Materials is ideally positioned to outperform competitors due to its scale and innovation in materials engineering, particularly as AI advancements drive recovery in non-AI semiconductor markets.
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