What smart money is saying about ARM Holdings
6 funds in our archive have pitched ARM Holdings — most recently Tran Capital Management Partners Strategy in June 2026.
Arm Holdings plc is a leading technology firm that conceptualizes, engineers, and licenses core processing unit (CPU) designs and complementary technologies. These foundational innovations are crucial for semiconductor manufacturers and original equipment manufacturers (OEMs) to develop their own products. The company's diverse portfolio encompasses microprocessors, comprehensive system intellectual property (IP) solutions, graphics processing units (GPUs), physical IP alongside its associated system IPs, various software offerings, development tools, and an array of supplementary services. Its technology underpins a wide spectrum of industries, including the automotive sector, advanced computing infrastructure, consumer electronics, and the burgeoning Internet of Things (IoT) landscape. Established in 1990, Arm Holdings plc maintains its corporate headquarters in Cambridge, United Kingdom. With a significant global footprint, Arm conducts operations across the United States, the People's Republic of China, Taiwan, South Korea, and numerous other international regions. Currently, Arm Holdings plc functions as a subsidiary entity of Kronos II LLC.
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Position history
Every position in ARM Holdings on record in the archive was reported in Q2 2026, across 20 fund letters — 7 opened or added to the position, 7 trimmed or exited.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q2 2026 | 20 | 7 | 7 | 6 |
Fund activity · 20 positions · 14 moves
- June 2026
“We have been discerning in our portfolio's AI investments and focused on the companies that we believe have the intent and technologies to enable positive change. A prime example of that is Arm , the top contributor to performance this quarter. We took a holding in mid-2025, recognising that the company's high-performance, low-power processor architectures would benefit from rising demand and higher margins as its products expand from smartphones into data centres and other compute-intensive applications. Their ability to enable more energy-efficient AI has a clear positive impact; this technology is transformational but also power-consuming. In the short term, Arm's progress has surpassed our expectations. The share price has almost tripled since it entered the portfolio, driven by agentic AI that is driving demand for central processing units (CPUs), a positive for both Arm's embedded CPU technology and also its newly launched CPU chips. We still have conviction in Arm but recognise that market expectations are very high, so in June we trimmed the position, halving it to a more moderate 3 percent.”
ARM Holdings - June 2026
“We increased the portfolio's exposure to specific parts of the AI infrastructure theme through purchases of Nebius Group and Arm Holdings.”
ARM Holdings - June 2026
“We continued to upgrade the portfolio, increasing exposure to areas where we see stronger long-term wealth creation opportunities and more attractive risk-reward characteristics. We added to Cisco Systems, Lumentum Holdings and Hannover Re, reflecting improving conviction in their respective wealth creation outlooks and attractive valuation support. We also initiated a position in QXO, taking advantage of share price weakness to gain exposure to what we believe could become a leading consolidator in the highly fragmented building products distribution market. Within industrials, we switched part of our position from Volvo into Daimler Truck. While both companies score similarly within our framework, we believe Daimler Truck offers the more attractive valuation opportunity. The company is executing a significant operational turnaround, and current earnings expectations appear overly conservative given improving freight market conditions and the potential benefits from ongoing cost reduction initiatives. We increased the portfolio's exposure to specific parts of the AI infrastructure theme through purchases of Nebius Group and Arm Holdings.”
ARM Holdings - June 2026
“We added to Cisco Systems and Lumentum Holdings, reflecting our improving conviction in their respective wealth creation outlooks and attractive valuations. We also initiated a position in QXO, taking advantage of share price weakness to gain exposure to what we believe could become a leading consolidator in the highly fragmented building products distribution market. We increased the portfolio's exposure to specific parts of the AI infrastructure theme through purchases of Nebius Group and Arm Holdings.”
ARM Holdings - June 2026
“We also added Arm Holdings, which designs the technology that powers many of the world’s computer chips and earns money by licensing its designs to other companies.”
ARM Holdings - June 2026
“We increased the portfolio's exposure to specific parts of the AI infrastructure theme through purchases of Nebius Group and Arm Holdings.”
ARM Holdings - New positionRoyal London AM Global Equity Select FundJune 2026
“We also added Arm Holdings, which designs the technology that powers many of the world’s computer chips and earns money by licensing its designs to other companies.”
ARM Holdings - June 2026
“NVIDIA was harvested in part to seed an investment in ARM Holdings in 2024, which we believed could play a critical role in custom chip development and AI chip proliferation.”
ARM Holdings - June 2026
“Arm (+133%) was the top performer for the period, supported by strong company results and continued enthusiasm for AI infrastructure. The company, which licenses intellectual property to CPU semiconductor designers and is held under our Improving the efficiency of energy use theme, reported record quarterly and full- year revenues in May, with royalty growth supported by demand across smartphones, edge AI, cloud AI and data centres.”
ARM Holdings - TrimmedSustainable Growth Advisers Global Growth StrategyJune 2026
“Positions in Amazon, Arm Holdings, Fast Retailing, and Nvidia were trimmed on strength.”
ARM Holdings - June 2026
“The Fund’s strongest performers over the quarter were all closely tied to the ongoing AI and semiconductor investment cycle: Palo Alto Networks, Advantest, ASML and ARM.”
ARM Holdings - June 2026
“We locked in gains across the complex, exiting Credo in full and materially reducing Astera Labs and Arm.”
ARM Holdings - June 2026
“The same discipline applied here: unit holdings in Arm, Astera Labs, Credo and Elite Material were each cut by around 60%.”
ARM Holdings - June 2026
Listed in Liontrust GF Sustainable Future Multi-Asset Global Fund’s reported holdings.
ARM Holdings - June 2026
“Arm (+133%) is the quiet compounder of the same shift: its architecture underpins the hyperscalers’ custom CPU programmes, including AWS’s Graviton, and agentic AI is hungry for CPU capacity, roughly 120 million CPU cores per gigawatt, four times traditional workloads. We locked in gains across the complex, exiting Credo in full and materially reducing Astera Labs and Arm.”
ARM Holdings - June 2026
“Arm (+133%) was the top performer for the period, supported by strong company results and continued enthusiasm for AI infrastructure. The company, which licenses intellectual property to CPU semiconductor designers and is held under our Improving the efficiency of energy use theme, reported record quarterly and full- year revenues in May, with royalty growth supported by demand across smartphones, edge AI, cloud AI and data centres.”
ARM Holdings - HoldsTran Capital Management Midcap Equity StrategyJune 2026
“ARM Holdings (ARM) was our strongest contributor during the quarter.”
ARM Holdings - TrimmedSustainable Growth Advisers U.S. Large Cap Growth StrategyJune 2026
“Portfolio Changes We initiated new positions in Equinix and Arista Networks and exited our positions in Aon and Intuit. Positions in Microsoft, Waste Management, Netflix, Ecolab, and Yum! Brands were added to on weakness while also adding to our positions in Alphabet, Apple, Nvidia, and ServiceNow given their strong long-term growth prospects. Positions in Arm Holdings, Amazon, Broadcom, and Grainger were trimmed on strength while we trimmed our position in CPKC given headline risk from USMCA negotiations.”
ARM Holdings - TrimmedSustainable Growth Advisers International Growth StrategyJune 2026
“Positions in Arm Holdings, Fast Retailing, and L’Oreal were trimmed on strength, while Haleon and Universal Music Group were trimmed due to slower growth outlooks.”
ARM Holdings - HoldsTran Capital Management Multi-Cap GrowthJune 2026
“Volatility to Start 2026 Three positions were the primary drivers of our outperformance during the quarter: ARM Holdings, Palo Alto Networks, and Taiwan Semiconductor Manufacturing Company. ARM Holdings (ARM) was our strongest contributor during the quarter.”
ARM Holdings
Also mentioned · 2
These funds discuss ARM Holdings — as a competitor, benchmark or comparable — without disclosing a position in it.
- MentionedBaillie Gifford International AlphaJune 2026
“Shortly after we initiated our position in SoftBank, it announced record profits boosted by outstanding operational performance from separately listed chip designer, Arm, and continued upward revisions in OpenAI's private valuation.”
ARM Holdings - MentionedHennessy Japan FundApril 2026
“SoftBank Group SoftBank Group’s shares rebounded sharply this month. While we have not commented in detail on the company or developments in AI frontier models since our October 2025 commentary, the rapid shifts in the competitive landscape have prompted us to reduce our position. The environment has shifted beyond our initial expectations, and OpenAI’s prospects no longer appear unassailable as they did a year ago. Although the outlook remains mixed, it is clear that the gap between OpenAI and its closest competitors has narrowed since last summer, when we aggressively increased our exposure. Despite this adjustment, we continue to hold a stake in SoftBank Group for two primary reasons. First, the growth outlook for Arm. SoftBank retains an approximate 90% stake in Arm, the UK‑based semiconductor design company.”
ARM Holdings
Fund coverage · 6 theses
- Tran Capital Management Partners StrategyJune 2026
ARM Holdings powers mobile devices and increasingly AI data-center workloads, with its new AGI CPU seen as an inflection point in growth.
Read the full thesis - Tran Capital Management Midcap Equity StrategyJune 2026
Arm Holdings powers most mobile devices and is increasingly leveraged for AI data center workloads, with its new Arm AGI CPU seen as an inflection point in its growth.
Read the full thesis - Sustainable Growth Advisers Global Growth StrategyJune 2026
Arm Holdings is a recurring royalty compounder with pricing power and AI-driven CPU adoption across data centers and devices.
Read the full thesis - Tran Capital Management Multi-Cap GrowthJune 2026
ARM Holdings powers most mobile devices and is increasingly exposed to AI data center workloads, with its new AGI CPU seen as an inflection point for growth.
Read the full thesis - Baillie Gifford Positive ChangeJune 2026
Arm designs low-power processor architectures that should benefit from AI-driven demand and expanding use cases beyond smartphones.
Read the full thesis Arm Holdings plc is seen as a licensing-led chip design company with AI-driven royalty growth and expansion into a larger market.
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