What smart money is saying about Cisco Systems
CSCO
No fund has written a full thesis on Cisco Systems in our archive, but 9 fund letters report a position in it — most recently ClearBridge Investments Appreciation Strategy in June 2026.
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9
Reported positions
6
Bought
1
Sold
14
Letters
Position history
Every position in Cisco Systems on record in the archive was reported in Q2 2026, across 9 fund letters — 6 opened or added to the position, 1 trimmed or exited.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q2 2026 | 9 | 6 | 1 | 0 |
Fund activity · 9 positions · 7 moves
- New positionClearBridge Investments Appreciation StrategyJune 2026
“Portfolio Highlights The ClearBridge Appreciation Strategy underperformed the benchmark S&P 500 Index in the second quarter of 2026. On an absolute basis, the Strategy had positive contributions from eight of 11 sectors. The IT sector was the main positive contributor, while energy was the main detractor. In relative terms, stock selection and sector allocation detracted. Stock selection in IT, industrials, communication services, financials and consumer discretionary, overweights to materials and energy and an IT underweight detracted the most. Conversely, stock selection in materials and a consumer discretionary underweight were beneficial. On an individual stock basis, the biggest relative contributors during the quarter were ASML, Palo Alto Networks, ASM International, an underweight to Microsoft and not owning Palantir. The biggest detractors were Netflix, underweights to Micron Technology and Advanced Micro Devices, and not owning Intel and Applied Materials. During the quarter, we initiated new positions in SpaceX in communication services, Micron Technology, Cisco Systems, Advanced Micro Devices and Texas Instruments in IT and Diamondback Energy in energy.”
Cisco Systems - June 2026
“Cisco Systems (+31.6% USD) was the Fund's strongest performer in May, driven by a sharp re-rating following its Q3 FY2026 results.”
Cisco Systems - New positionFindlay Park American FundJune 2026
“Another is Cisco – a former holding in the Fund - combines refreshed networking products, recurring revenues, proprietary Silicon One architecture and exposure to AI data-centre and campus networking demand.”
Cisco Systems - June 2026
“Top 10 holdings Weighting (%) Alphabet Inc. Class A 6.43 Apple Inc. 3.55 Micron Technology, Inc. 3.08 Microsoft Corporation 2.87 Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR 2.85 JPMorgan Chase & Co. 2.30 Cisco Systems, Inc. 2.15 AbbVie, Inc. 2.10”
Cisco Systems - June 2026
“We added to Cisco Systems and Lumentum Holdings, reflecting our improving conviction in their respective wealth creation outlooks and attractive valuations.”
Cisco Systems - 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.”
Cisco Systems - June 2026
“We added to Cisco Systems, Lumentum Holdings and Hannover Re, reflecting improving conviction in their respective wealth creation outlooks and attractive valuation support.”
Cisco Systems - June 2026
“We added to Cisco Systems and Lumentum Holdings, reflecting our improving conviction in their respective wealth creation outlooks and attractive valuations.”
Cisco Systems - TrimmedNexus Investment Management ULCJune 2026
“Rapid price appreciation in several names led to stretched valuations and outsized position sizes, prompting us to prudently trim our exposure to Cisco, Alphabet, Finning, and Toromont.”
Cisco Systems
Also mentioned · 5
These funds discuss Cisco Systems — as a competitor, benchmark or comparable — without disclosing a position in it.
- June 2026
“Most concerning, in our view, are the valuations now commanded by investor favorites. Select stocks today trade at multiples exceeding those of Cisco at the peak of the dot-com bubble—the quintessential example of overly exuberant valuations.”
Cisco Systems - June 2026
“Most concerning, in our view, are the valuations now commanded by investor favorites. Select stocks today trade at multiples exceeding those of Cisco at the peak of the dot-com bubble—the quintessential example of overly exuberant valuations.”
Cisco Systems - June 2026
“Select stocks today trade at multiples exceeding those of Cisco at the peak of the dot-com bubble—the quintessential example of overly exuberant valuations.”
Cisco Systems - MentionedSustainable Growth Advisers U.S. Large Cap Growth StrategyJune 2026
“We initiated a new position in Arista Networks, a high-performance networking company focused on software-driven cloud architectures for hyperscalers, cloud providers, and other high-performance computing environments. The company's core innovation, the Extensible Operating System (EOS), is a single, highly modular Linux-based platform that runs across all switches, enabling scalability, automation, and reliability and operational simplicity across complex network environments. Arista’s focused architecture and superior product performance have supported stable gross margins of approximately 60- 65% and non-GAAP operating margins above 40%, demonstrating meaningful pricing power. While approximately 85% of Arista’s revenue is derived from hardware products, the business exhibits a high degree of repeatability driven by ongoing data center expansion, technology refresh cycles, and increasing network complexity. Once deployed within a hyperscale environment, Arista becomes deeply embedded in customer operations, creating meaningful switching costs and positioning the company to participate in future network expansions. Revenue durability is further supported by structural demand for data center networking and consistent upgrade cycles from 100G to 400G and increasingly 800G architectures. U.S. Large Cap Growth Commentary Please see table included in this commentary for full performance presentation. 8 Key risks we are monitoring include competition from Cisco and potential new entrants, customer concentration among large hyperscalers, variability in deferred revenue growth, and supply chain dependencies.”
Cisco Systems - MentionedEmerald Wealth Partners AGMay 2026
“Starting to see a real impact This said, AI is going from hype to implementation: The positive impact of AI starts to be increasingly felt outside the early beneficiaries of AI and a broader set of companies start to show rising sales from AI (e.g., Fortinet, Cisco) or report growing amounts of cost savings thanks to their use of AI (e.g., ServiceNow).”
Cisco Systems
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